George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
seems like H1 is pumping with flare but there is no activity on H2-do we assume they are now awaiting some kinda rig or other equipment or do we assume we are in BB and Brockham territory.
This company is generally quiet with no news hiding bad news so the omens do not look good
well the bid and offer have not changed upon opening so that's a reief
In the last 30 mins of trading we had SELLS of
150K
288K
500K
300k
Only II's and rich board members like David Loren have these volumes
Seems like something isn't quite right
May sell all my lot tomorrow am
I guess it was for the 100K trade today
there's that big £82K5 order I felt was waiting to be filled-hopefully if no more the sp can start recovering after all it is valued at £1.10
I notice the sp since about 11 am is not moving in the direction of the predominant trades which has been heavily in the favour of BUYING. So it seems to be something else is going on here such as stock building for a big buy order or a positive future business development or problems with the business unrevealed to us such as the Vietnam gas project.
Yesterday I got a small profit in the day after a purchase but today I now have a significant loss
well £1 would be good enough for me at the moment
seems to be loads of selling still cuasing sp to fall
I thought we had turned a corner yesterday as I bought more but it seems from this morning I was mistaken
think we need some news but not sure from where--hows that new acquisition doing?
I had a RNS notification today from another source and there it was although the RNS has not appeared on the LSE website--strange I know-this is the website:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/JSE/14377450.html
looks to me advance warning of todays RNS took the sp down last week and cause a further decline today despite the brief recovery yesterday.
The statement in the RNS that<
It also appears from Paul Blakeys statement that<< With the satisfactory resolution of this matter, we can now refocus on our strategy >>this has been a distraction from the companies business of making progress with other business matters
many thanks mirasol for your objective and useful view
you mention the big crane and workover rig-has anyone seen these?
What happens if water ingress is over multiple sections?
Unfortunately SS has a track record of not informing the market when things are going wrong so one is left apprehensive
yes I was rather taken aback by the fall as this share has been remarkably stable.
But this happens with all shares when there is no news nor any indication what or when the next news is-so investors take a chance and move their money for more obvious short term opportunities.
Fortunately the sp has bounced back up although I will feel more relaxed when we get back to 93/94p
Significantly exceed tells us nothing-a 50% increase is significant but we have been led to believe it will be x2 or x3 as much
This is beginning to feel like BB with little news flow and water issues-just how long does it take to block of the end of the pipe where we are told the water is-seems to me there could be more in this than we have been told
I have been here since from the beginning. Since the heady 11p days and have sold and bought all the way down to 1p believing in SS and the quaint idea UKOG was a breakthrough company focused on producing our own oil based on huge deposits in the Weald and in particular the KImmerdige. But BB seemed to break the hope, huge engineering disaster when yes we learn a lot but it seemed what we learnt was how fickle exploration was, how little was really known about the geology such that the only real way of getting a holistic picture was by the expensive process of drilling. I thought 2D and 3D was supposed to fill the gaps like an angiogram backs up and complements ecocardiagrams and X rays but no we have to release more and more shares as the only way to raise money until we have a CPR. Horizontal drilling was supposed to be the answer and may still be but `the basic theory of releasing significantly more oil by drilling horizontally through it also raises the probability of hitting water puddles along the way and so we see BB fail together with ANgus on a few miles from HH. At the dsame time I was invested in 88E based on the huge credibillty of their management hitting a vast oilfield in Alaska only to find that also failed..
So a few months back I attended the LSE talk on AIM based oil companies and was hugely impressed by the rather differing strategy of Jadestone. This company is based in the far east off Australia and changed from a successfull , exploration company baserd in the N Sea to one focused on buying up tired and unprofitable oil fields owned by large companies and transforming them into profitable slick operations which only smaller companies with lower overheads can achieve. There have been no share dilutions since I bought in achieving steady 40% growth and £100's M of free cash flow enabling them to buy more oilfields, have more infill drilling into existing producing fields and getting a huge gas order.
It is probably one of the LEast volatile shares I have dealt with and sol perhaps less exciting but the general view from hedge fund managers the journey has only just begun
So I have sold out of UKOG compleletly and can sleep better with JSE
there seems to be a regular 10K buyer here pushing the sp gradually up.
This is turning out to be one of my best investments ever with over 40% growth of my investment following my plunge after the LSE presentation by Paul Blakely.
With no risky cash absorbant exploration this company has a unique cash generative business model and from what I see it has only just started
has anyone any experience with this-being touted on Tv as auto trading platfom with big profits-could be sacm??