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Very interesting trades so far this morning, 3 or 4 chunky sales and the price to buy is steadily increasing.
MM's can delay posting a trade to skew the results in a way that best suits them, they can also play with the time stamp, is this what's happening today? Are a couple of them over exposed re stock levels as we move towards the upcoming drill?
I am confident we will see a substantial uplift in SP as we approach spud, the upside is too big to ignore.
We are lucky to be involved in one of the biggest drills in world for 2020 and investors won't want to miss out on that.
I believe quite a few 'sells' are in fact buys, and the same was true yesterday where we saw this happen throughout the whole day.
There will come a point where the MM's are struggling with the float, I thought that would be today and depending on how trading continues it still maybe.
With so much upside, its just a question of when, not if.
I'm sure many of us remember watching UKOG go from 1p to over 10p and beyond.
Having watched the SP increase day after day I finally bought some at 3.54p - it was a risk as it had already gone up 250% but I couldn't stand to watch it go up day after day after day (I eventually sold out at 8p, not as good as it could have been but I was very happy).
88 is a very different company to UKOG, you can't really compare the two, however there will be hundreds of investors watching the SP rise and many of those will end up buying in here - no one wants to miss out on a rising share
A lot of investors believe this will rise, and continue to rise, until we spud next month.
Many are looking to buy in at these levels and then top slice as we start drilling, leaving the profit to run free.
I wonder how many T20's we'll see as we move through January?
Great link thank you Moda.
The lower figure of 17 cents would be life changing for many, whereas the higher figure of 41 cents would see a lot of investors able to retire from work with a very tidy nest egg
And only a few weeks before we find out