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It'll rerate only when dates for workover are set
Is it cos the MB dude did a sneaky raise last time he said were fully funded? Market don't trust him.
Why's the share price so low? Thought I'd was supposed to be 15p after LP news!
Can someone tell me what the value is just on Heron?
The gap up closes around 4.75p. Be interesting to see what peeps do it's closed. Will it stay up?
Oh well. At least the 4p gap is closed now!
Onwards and upwards
"Will now work" means the follow up work not yet been completed.
This bit.
The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts.
From the 6th July RNS. Admin still to be completed before work can start.
The Cabinet approved the certification and also instructed officials to conclude the follow up formalities required under the Land Law. The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land.
In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.
Its not rigged. Its gap trading. If it can to close the gap up from the opening yesterday at around 4p it'll do so and take out stop losses on the way. That said I doubt you and I will be able to buy at 4p. If it doesn't close the gap it'll keep trying unless there is upward buying pressure and save it for a rainy day. Not all gaps get filled but a lot do.
I said earlier that there's a gap down to 4p and it looks like the market is trying to close it.
Once closed it'll be on the up.
Pull your stop losses.
If the gap is filled down to 4p it can go lower and you'll lose your shares
Playing the gap
https://www.investopedia.com/articles/trading/05/playinggaps.asp
There was a gap up to 6p which is now closed but yesterday opened up creating s gap down to 4p (ish). Maybe traders trying to close it?
Forgot to add, there was a gap that's been filled (around 6p) and some are in just to play the gap. Others always sell on news.
Different players Different tactics
I'm guessing apart from wider market woes peeps still see the following risks?
Some argy bargy or delay tactics with the local guv signing off the contracts (even though central guv approved)
Local guv going on their nadam jollies and shirking work for as long as possible (like our local guv at Christmas)
Fear of further cash raise
Fear that velocorapter will be a dud and drag price down
Still a bit of red tape left to complete, (which could get slowed down due to holiday period)
The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land
Maybe peeps are waiting for all the paperwork to be boxed after state holiday nadam probly.
"Where's Wise Owl?" Maybe he was selling 😄 🤣
There's been a lot of ramping so maybe peeps are a bit doubting? but seems legit now 💯 hang on to your golden tickets 🎫