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Sudden jump! Something happening? Farm in imminent perhaps?
Trying to make sense of what happened last week.
It all seemed very orchestrated, with an RNS and then JA being interviewed on the same day on both
IG TV: https://www.youtube.com/watch?v=deyMTQUbnVM
and
Proactive: https://youtu.be/ldzsLPZIvtM
Surely those interviews must have been arranged weeks ago?
In both he says they have been approached by a major (what is the early stage of an approach - an offer?) regarding Namibia and they need to raise funds for the Cameroon operation.
Was he hoping that this RNS alone would vastly increase the share price, or could it be TRP was just priming the market this week with the RNS about a major's interest in Nambia, knowing the farmin is about to be done?
A further farmin RNS next week would then definitely put a rocket up TRP and allow them to do a placing to fund Cameroon.
Anyu thoughts?
Maybe one of the GBP directors should go on IG TV?
Seemed to have worked wonders for TRP!
The spread is currently 18%! Was 11% this AM.
What does this indicate? MMs short of stock?
Going up on what appears to be v.little volume...
Bit puzzled by his comment along the lines of: "We had initial contact with the major way back in the summer and things have been happening but thought we'd better give an update on it now."
So it sort of suggests they have they been in more serious talks for a while.
Also think that a lot of investors in oil are currently tied up with the drama at BPC, hence the small movement here yesterday when the RNS came out. Last May, when BPC announce they were in talks with a major, the SP increased by
100% +
Have you got a link?
Can be found here: http://www.nexexchange.com/member?securityid=103484
Can we look forward to RNS at 2pm?
Doh!
Wishful thinking on my part!
Why the 'Exclusive: RNS' posting???
Wow - maybe it was a signal - something's happening!
Just went over 2p!
Broker fees would be approx. £10 so no point in doing the trade - unless Market Maker Signal?
https://falconstocks.com/articles/readingmarketmakers.html
Some reasonably sized buys going through all of a sudden...
If Potter et al is in discussion with several parties, one of them my decide they want exclusive access, as one did last year.
It might still take another 4 to 6 months to get a deal, but an exclusive access agreement would itself put a rocket under the SP and could happen anytime.
Fingers crossed!
Around 10 buys in the last week of 1,000,000 shares a piece and the share price is drifting lower!!!
For any other share the price would be going up!
Just seen another 1m buy go through this morning as well.
Bizarre!
I am guessing there is a minor shake out going on to allow some bigger players to scoop up more shares before the weekend.
5 million buys yesterday, a few million today.
We could be looking at a 2pm RNS.
Unfortunately no cash to buy anymore, dammit!
GLA
Correction:
Three batches of 1 million shares bought and
One batch of 2 million shares bought.
I'm sure there is nothing going on...
Looks to me like someone is expecting something.
Last two million bought just before close of trading.
RNS tomorrow???