Member Info for BlackBat17

But what is driving it?

Can't believe it is just Eytan’s letter.

Https://www.lse.co.uk/share-prices/risers.html

See: https://www.stockopedia.com/share-prices/challenger-energy-LON:CEG/

See 3rd question in FAQs at the bottom of the page:

What are the analyst and broker recommendations for Challenger Energy?

The overall consensus recommendation for Challenger Energy is Strong Buy. You can view the full broker recommendation list by unlocking its StockReport.

Not trying to mislead - this is a significant financial change to the company's accounts and there should have been an RHS. I have not seen any.

From RNS of 18th April:

Charlestown will invest £1.5m in the Company, initially in the form of a loan, which upon closing of the AREA OFF-1 farm-out to Chevron and subject to prior completion of an agreed share consolidation shall convert at a fixed price of 0.168 pence per share (note: pre 50 to 1 consolidation), being a c. 20% premium to the current share price. This will result in Charlestown holding a c. 8.7% shareholding in Challenger Energy, thus making Charlestown one of the Company's largest shareholders

· Charlestown is a New York-based specialist energy investor with a successful track record of making early cornerstone investments in listed exploration companies, most recently as the lead investor in a listed Namibian-focused conjugate margin player

· Charlestown Managing Member Mr. Robert Bose to join the Board of the Company

"Challenger shares are grossly undervalued and I mean ten bagger or more and should be tucked away with so much more news to come."

https://www.malcysblog.com/2024/10/flash-blog-ujo-serica-ceg-jadestone/

750,000 traded so far this morning.

Maybe Chervron farm-in about to get its final approval from Uraquay government?

It has been four weeks since this:

"We do not anticipate that remaining procedural processes will take long to complete, so we expect full completion of the farmout within the next four to eight weeks"

What is going on?

Back in the day, just the anticipation that a junior oil company wouuld achive a farm in with a super major would have sent the share price up massively. Now it does not seem to make much difference at all, even when it is confirmed and announced!

In fact, looking at the junior oil sector generally, most appear to have lost 95% of their share price value over the last ten years or so. Even companies with significant cash pile are trading below their book value.

So what's happening?

I think the junior oil sector was driven by a lot of gamblers who were looking for multiple bagging returns (myself included). There was always a flavour of the month stock that everyone would pile into, driving up the price, before moving onto the next.

My guess is that most of those gamblers have now left the junior oil sector and moved into another market that offers 1000+ percentage increases - cyrpto currency.

If you are young and just starting out in the working world, with no chance of affording your own property, then you probably think crypto is your best bet to make a massive return on a small outlay.

The whole crypto market appears to be another 'Tulip Mania' scenario - essentially worthless assets pumped up to astronomical values - but it has been going for over a decade now and no sign yet that anyone has lost faith in the big hitters like bitcoin.

I am sure that one day it will all end in tears, but for now it appears to be sucking the life out of our market.

Can anyone explain the small trades that are going through today?

A lot are going through which have a value of less than £10.

Surely broker fees would make the exercise of buying such small quantities loss making?

I don't understand how it takes four weeks for one arm of govenment to inform another of a signed contract. Email takes about 2 seconds...

Bought after hours.

Marked as Unknown.

But as SP went up I am assuming it is a buy.

I wouuld like to think we are getting near the Uraqauy Approval RNS...

If you add up the 'unknowns' and assuming they were buys and bought by same person, somone just bought around £30,000 worth of CEG this afternoon.

Monday is not over yet!

Uragauy 4 hours behind us, so currently 7:47 am there, and any annoncement approving the Chervron farm-in would come from the government there.

I don't follow CEG on Telegram or Facebook, so I am only basing my guess on the uptick in volume on Thurs/Fri last week - and I see another late £18,000 trade from Friday popped up this morning as well.

GLA!

Some very chunky trades going through on Friday.

Similar pattern to day before the Chevron farm- in RNS.

Fingers crossed for RNS on Monday!

With this, and most AIM shares, there is a pattern of large trades that proceed an RNS. If you can, look at trades in the two days leading up to the Chevron announcement.

Very large unknown buy today.

I am predicting an RNS by the end of the week.

Monday at latest.

Monday lat

Very large unknown buy today.

I am predicting an RNS by the end of the week.

Monday lat

The legendary 1 share trade has appeared.!

Legend has it this is the herald of an impending RNS.

We shall see!

Thanks to those who replied to my question about White Flame.

Been reading up on Bluejay this morning.

Company looks to be spread too thin for the six or so potential prospects it has (only 14 staff) and under financed.

Looks like some sort of dilution may be coming down the road.

However, post dilution and if they get a partner with deep pockets for Disko then I may take a position

GLA