Back to business23 Jul 2020 15:18
So after a few quiet days we have had some more cryptic words of wisdom from this BB's resident pest. Useful? You will have to make up your own mind. I think the copying and pasting of paragraphs from past RNS's to suggest something very significant is there that the reader cannot see is a very lazy and also slightly desperate tactic for a troll.
Persimmon is a troll and the only persistent one here. He trades this stock and will want to ride the ups and downs. I assume he is back in and that some of today's action may be him as he has now admitted that the SP may rise (by virtue of the 'I hope you all make money' quote .... ass covering) but I'm sure he hedges his position and would use another drop too.
It is a way of making money. It is not investing as such. It's trading so just understand that in respect of his posts.
The form 8 is interesting and I would be pleased to hear others thoughts on it. Sachin does not have that many shares himself but his wife (and child?) have a shedload!!!!!!! For tax reasons one presumes.
Also S&S have lots and lots of options at .6, .75, .9, 1p and 1.2p. Now they have not used them but I suspect they hope to.
The inconsistency between DELT's positivity of the Zechstein play and their negativity in respect of WN is glaring. They cannot have it both ways. We have had geological discussing about reefs and not reefs and water and porosity but clearly they postponed the A2 EWT because they need different equipment to handle what was there. The great data they had was sufficient for the fundraise last autumn. It must have been good!
The A2 EWT timeline is the part of the companies program that is well behind schedule. Covid is partly to blame but I suspect Rathlin are now tying this in with the B site preparations. The year is moving along, so they will want to get on with things. All of this leads to August and September being a very busy and very very interesting time here and a bag from here is simply a matter of a couple of pieces of good news.
The SP has drifted since early May after recovering from the Covid trough. By early August this will be 3 months of 'settling'. I do not believe or expect this to continue. Everyone will be expecting rises on:
Positive news from Parta
B site mobilisation and subsequent spud
A site EWT commencement
The August 12th Deltic situation is another matter but it does not seem to be a goer from what we know so far.
Subsequent good news from the B1 drill will make this rocket. A good EWT will make this rise fast too. Both??
Any traders have benefitted from an II ( Jo Hambro ) reducing. They could have a whole range of reasons for doing so. But when the buying starts the MM's will yank this up fast,as you know they like to do, so buckle in for some 20% days.
ATB BH