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I would also add that to date Lombard have been very professional with their reporting, always issuing an RNS when they dip below a round figure, the last being 15%.

We have had a lot of selling going on but to date no further RNS and the last signaled sells executed when the price was much higher.

There's your answer, its Miton who have been selling. That actually is vey reassuring because it would be a stronger show of faith if Lombard actually stuck it out and supported the company.

They are after all involved in the junior lending facility.

Yes these interims look very much like a BOD going through the motions knowing their time is almost up.

Solid yes but at this stage the information is all about feeding into the sale process and not the SP.

With the presentation due to commence in the coming weeks, I would say the sale price negotiations will likely run nearer to Christmas now.

As for the Indico-2 spud, well the wording says it all. The fact that they cannot even narrow it down to a month, given we are already approaching 7 weeks since the Sol-1 result, signals to me that ONGC are at the table and are stalling in order to acquire CP0-5. It really shouldn't be of any surprisegiven ONGC have announced a war chest for acquisitions and this is right on their doorstep where they have operatorship and control of the process.

Yes a rather exhausting couple fo days for longer term holders but the market looks to be back to a more orderly status, be it the MMs don't appear to want to show the reality of what is truly going on at the moment.

Still its a start. 30 days or so until A3 results. It certainly won't be boring that's for sure.

14.9m volume reported but now over 15m.

Next surge coming. Whats the answer this time?

Famous last words but it feels like something significant has changed.

PEEL have switched to top of the bid.

With all due respect I am not here to ramp. I would hope the detail and links that I have provided in my posts over the last few weeks would demonstrate that. Right now I am observing and commenting on what is a truly fascinating event unfolding be it under unfortunate circumstances. It is not my intention to undermine my position here by simply throwing out unsubstantiated broker targets.

I don't work as hard as I do at all this just to throw it away on such whims.

With all due respect it wasn't a ramp it appeared on my LSE account above. I just thought I would share it despite the lack of gratitude it appears to have generated.

@FlocktonFlyer I don't know. I am first and foremost a fundamentals and information man. That said I simply cannot believe that retail has taken up all those shares. The drop is so severe and the risk reward now so out of kilter that there must be interest from far bigger players at this level.

How sticky all their fingers are is still to bhe seen but the risk reward on the A3 drill is so big that the temptation to stay the course must be fairly strong.

Broker target out at 85p.

Yes but still PEEL sitting on the ask.

They may well not be alone but with the price being held so steady for so long it points to one source and one outlet for me.

Now lets see what happens this time. Feels a little different this time but that may just be wishful thinking.

@Spike912 I believe they are building up buys into 250k packages and then releasing said 250k sell but not printing it until an hour or so later.

Like I say if the theory is correct and a ii has had a trigger hit then the MMs will have taken the entire shareholding off them and will be sitting on it releasing it as and when thex make their margin, which right now is between 30-31p

Its all gone very tight all of a sudden, which is new.

There goes PEEL stepping out of the 31p pack once more and returning to 30.5p. They hold the shares that are there to fend off the buying frnezy. Once they move off the ask then it'll move in my opinion.

It is PEEL that have been the running the show the last 2 days and the test in my view, is the ability to break the 31p zone.

I stand by my thoughts of yesterday that the MMs pulled the SP down so far so fast in order to trigger an institutional stop loss. Seen evidence of it happening before. The ii, which could and should be Lombard because of the sheer size of the wall of resistance may not actually wish to sell off but due to self imposed limits set by the business has to and the MMs (PEEL) may well have taken advantage of that.

Its a theory and cannot be 100% substantiated but like I say has happened before.