Member Info for belgrano

I believe we are still heavily oversold so have just purchased some more stock.

If it transpires that our ex CEO rewarding himself with his 400K eye watering salary also cheated his hard working shareholders here out of any company income whatsoever, I expect to see him hauled before the courts. Now we find out why he never put any decent skin in the game.

By the length of time already spent and at least a few more weeks just how much work is there to do. Many initially thought he had posted income just ahead of it actually arriving, or was the income a lot more than he announced and some has gone missing.

Its not beyond reason that this investigation leads to criminal prosecution. Not great for someone seen going into No:10 to advise, and might be the last position on any board he ever holds.

Every company hates suspension from the market. Puts a huge black mark on the company. However we have not seen much volume with this near 40% wipe out compared to the huge volume when SA resigned.

The share differential between sales and buys isn't a huge value either in the grand scheme of things.

Why would the board give such advance notice of suspension knowing it would crash the price, it still has quite a lot of time to produce the report.

As folks know I do have a suspicious mind when it comes to money and its served me well over the years. If we start seeing more signs of large buyers my nose is going to start smelling that whiff again, now that pi's are being robbed again.

Cor, didnt expect such an opportunity again... Already oversold ... Perhaps lightning does strike twice.

Know this stock is my only blue in a "sea of red" this morning... Mr. Market likes it.

Don't think they have ever pumped 500k BOPD, however we might find that rate can be exceeded after testing

Current oil prices are still rising as the majority of the worlds supply continues to be blocked . Many countries have already eaten into reserves, so even if hostilities were resolved today it would be several months before prices came fully back down.

However latest is unfortunately looking very bleak, and if the straights are mined will take to christmas and beyond top clear even if war stopped today.

Yes Iraq's crude export pipeline to Turkey will prove to be an overlooked godsend to Iraq and the Kurdistan peoples.

Wouldn't be surprised to see refurbishments started on the old line.

I expect production to gently start up soon.

At current crude rates I would expect to see the pipeline straining to cope with max rates and overland trucking as well. Turkey is desperate for oil and when prices are clearly through the roof and likely to hit the stratosphere, its amazing just how quickly folks can agree.

With global reserves being run down and all spare capacity elsewhere already sold, anything Iraq can pump or ship to Turkey is going to be warmly welcomed.

Its times like these with Baghdad and Erbil on the same side working together that can inspire new confidences and co operation.

Desperation and high oil price make strange bedfellows. I'm most certainly back in as can see the oil issue taking a long time to resolve and it being very profitable for our company.

Yep discuss the stock and play the ball not the player, every time we see that they have lost the discussion. Must confess the chat has been really good over last few weeks with plenty of investors giving some superb points of view about sbtx , be it conspiracy or trading pressure. Please lets keep that going. I actually think highly of both the aforementioned and they both have an object of providing info to the under informed investor. As they both seek similar markets (private pi's ), bound to have healthy competition, which helps keep subscription costs minimal to pi's. Clearly both have great virtues, skill sets and pi favourites, but we don't need supporters of either camp slagging off the other or genuine posters.

Agree Net,

Just the boardroom back man and director while someone already connected like Hunt and the ex Croda specialist do all the legwork. Has a history of coming out on top. Especially if a lot of the "informal chats "have already taken place and its not come from MD but from the existing board, hes in effect a "money man doing the backing".

Thanks Jansy,

So if DB and MD are working together, collectively they can now make a formal offer for the company offering all existing shareholders a deal at the highest price paid in last 12 months (can anyone advise there).

They could then with the board sell directly to the buyer... probably Croda but a bidding war not out of the question.

With the sheer volume of stock moved in the last couple of weeks I expect it would go through at say 21p, and they and the board could make a very nice earner and all above board.

Hi Net,

You have really hit the nail on the head there with "Some must know more about this Zenakine deal than others".

This is the jewel that I believe is the target, none of the other excellent products.

Those that know are indeed that 5 letter word beginning with C........... Yep its Croda, and we have well connected personnel within our company.

I also believe they might pay a decent amount for it as well. This could be a short term play, not drawn out. Could clearly be wrong, but until we know the facts that they clearly do, viewing all options is fair enough.

However todays RNS in my book does answer last weeks questions.

I really appreciate every poster here that gives a contribution however small without being personal. Shychaps views are in my opinion greatly respected.

I recall that on the 6th March we had that after hrs buy of 500k stock at 13p.

Clearly Mr. Dixon sees great SBTX value at 13p , which is a full 20% or so higher than today.

Fair comments shychap,

With such a decent holding no one would want that disruption which would be bound to crash the price from 20p which did happen.

Nice to have a decent holding but very hard to get rid of it all unless its a total company sale.

Again a full week before notification received, that Cayman islands third class postage service is slow. On the 6th when threshold crossed price was 12.5p, so he clearly sees 12.5p a share good value.

I just do not believe that the company has not been in touch with him.

Just goes to show that Badhdad which is clearly pro Iranian hasn't had any issues while Erbil is attacked.

Traders bought and sold because stock was oversold. Hes bought and held...

What does he know that we do not??

Now its confirmed true, accumulation still ongoing and clearly not worried about the SA debacle, some may say "took advantage of it by taking all the frightened pi's stock". Others will say "supported the share price, top man."

Then only a very few might say, " they wanted SA out, board battle going on with differing objective strategy".

Another 4M cheap shares for Mr. Dixon.

Crossed that threshold on 6/3/26, company notified on the 12th.

Weve seen big buyers since the 6th..

You are correct Friedman,

Even those who bailed at 12-13p will be closely watching for a re-entry position as the fundamentals are still the same. At 10p thats a great margin.

Believe 8p top up might well be pushing it, but could well be worth locking in a trade at that price point as its not impossible that the stock does a triggered dip, and unless you've ordered the trade would probably miss it especially if very brief.

Gut feel is we are pretty near the retrace point right now, and our big buyer who didn't participate in yesterdays session is also thinking the same...keep my hands in my pockets, until it stops the retrace. If you require the 8p take a chance on the first tactic, otherwise current price is pretty good and beat the swing traders.