Member Info for Blubay

What is the business scenario in which this would be "5p by end of April"?

Also the cut and paste posts on different bulletin boards, dead giveaway

You know that post you made a few minutes ago - "Beware of people who give you stock tips with random price targets."

That...

Because he's short or spread betting on HE1 share price. It was a reasonable position to take as the market assumed no news until the summer after the last raise, which normally would mean a steady price decay. But something is afoot and it will have caught out some with short positions.

You keep posting these cut and paste old news items without any real understanding of what you're talking about. Your posts look like Neill's

Lovely managed rise in the SP, stepping up a bit each morning and holding so far. While we all complain about the MMs on the way down they are doing their job well on the way up by the looks of it

And heading for 1.8

Straight in at 1.65 this morning

That’s ridiculous Alan, companies aren’t valued on share price

Note… “short list of local low-cost drilling contractors finalised” … any guesses who that might be…

Nicely controlled price rise so far, stepping up 0.2p a day

"Can’t find any solid info to warrant the SP spiking"

It's speculation based on announcement of new rig manager to start in April and deadline for new tender for provision of well drilling services

Out of auction above 1.6

There's plenty of time to run the rig for Noble's shallow appraisal well on the next door patch without putting it under undue deep drilling stress (for example)

For example, if they were to announce any kind of non-dilutive revenue activity then the SP should rise very significantly. It's unlikely the EWT could be fully funded this way but the key hurdle for every loss making company on AIM is to first to demonstrate that income can be generated (however small). Proof of concept in profitably leasing out the rig would be a massive first step in market confidence, even if it isn't the primary business for the future.

Jersey - the new information relates to the recruitment of a new rig manager starting April and publication of tender for provision of well services, which suggests they are about to drill something imminently (whether for their own EWT or perhaps as a non-dilutive income generating lease of the rig to a neighbouring prospector, or to the TZ government)

The 5, 10 and 20% day traders should be out now anyway, so we'll see if there's still momentum without them

Jock, you've missed out an important option in the list of possibilities there. How about the possibility they are about to generate some non-dilutive revenue through a commercial leasing agreement on the rig?

"Believe there was a leak last week for this to fly like this and at a constant level!"

It's hardly 'a leak' is it when they have published the recruitment ad for a rig manager on immediate start and tenders for provision of well drilling services?

Who puts AIM shares in their SIPP, seriously?