Member Info for Bluebelly

And other social media. It may force the company to make an announcement.

Nothing else has worked so far.

It would be good to put it to bed or get the other skeletons out of the closet!

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I'll recommend your post Kalan. The theory sounds right.
It's about isolating the more susceptible as these are the ones that will need the ventilators and there's only so many. When all these high level care positions are full, the system becomes overloaded and very sad. Someone has to make a decision about who has a better chance of surviving and allocated the special care and the other person/people will be made to feel as comfy as possible. So much stress for the people caring for those that are very unwell.
The 90+%'s will suffer short term pain and get immunity over weeks and the NHS starts discharging the serious cases that now have immunity and continues full load. The peak occurs and reverses as the virus carriers have no one near them with out immunity to catch it.
I'm an armchair know it all!
The people making the hard decisions are damned if they do and damned if they don't.
Stay safe everyone, apologies for off topic.

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Adding to yesterdays post:
'And just to add to the situation Natural Gas is up at the moment @ $1.71'.

Gas is now $1.82 as it was on the 6th Feb 20 when we were priced around 16.3p.

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And just to add to the situation Natural Gas is up at the moment @ $1.71

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75% off the recent high.
And no clarification from the Company. Maybe they want PI's out and II's in.
It'll be interesting to see the next update on Major share holdings.

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Right number, wrong currency! Thanks for correction.
It gives a rough indication of our EV and the drop in SP.
£500m drop to £400m EV - 20%
Lloyds/RBS have lost similar amounts in percentage terms, relating to market cap reduction.

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SQ320
I hope that is the case. The news flow after the sell down is complete should then return us to 20p+. The financial update for H1/20 will allow the SP to be valued properly after seeing the profit and loss statements and the paying down of the debt. With a mcap of £100m and debt of £400m (is this right?) we are valued around £500m EV. Although the SP has lost 50% in 6 weeks, it has removed on £100m from the EV (17% drop in EV). If the debt is reducing the SP can increase to maintain the EV as shown in the financials, due end of Sept 20. FY19 results due in May 20 may show some income and debt payments which will add some positive sentiment.
Hopefully much more good news will be received before Sept 20.

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Could there be a Debt and Equity finacing package in the pipeline.
This would explain the rapid drop in share price. As the II's being offered the option to partake, sell down their holding to buy back in cheaper in the placing. This could be at a shareprice of 90% of the VWA over the previous 5 trading days.
If the II's are not happy, pressure could be put on the company to allow them to recover some of their losses or reduce their averages. Once done news can flow and SP can return to normal. With new projections for the Shares in Issue.
Debt would be reduced and hopefully free cash flow will pay the remaining debt down and allow for some exploration.
If not and equity raise, what is wrong here?
PI's are the last to know, it seem a great buying opportunity right now as it was at sub 20p.
Hopefully all will become clear soon!

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Thanks for the info Jammer1. It's one less thing to worry about. JLP seems to be bucking the trend so far.

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As of the 20th Feb 20.

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Oil down 6%.
Manipulation of SAVP

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That's now about 2% of the market value of SAVP £110m.

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Or just speculative buyers with lots of cash in a volatile market.
Could spike nicely over the next two weeks.

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Struggle to buy in 50k chunks though.
Looks like there are buyers at this level, but not so many sellers.

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As I started this thread with 'Savp - no move. Gap now closed and no reversal of downtrend!'
I must add that I could not buy the shares I wanted. I had to wait for an order to be filled twice. Yesterday I got 100,000 for 12.76p, today 50,000 for 12.65p. May purchase one more small tranche tomorrow.
As Zengas stated, those Fund manager probably knew more than us PI's when they bought at 100%-200% higher. The gas price is low, but I believe we are not massively affected by low prices. Can anyone confirm this?

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Savp - no move.
Gap now closed and no reversal of downtrend!

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Thanks Jammer1. That should allow JLP to keep it's SP afloat if the market does see a couple of Quarters down.

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Both at 3.35p

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200dma didn't provide much support, if any!

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JLP 20% down over a week, SLP hadn't dropped.
If I had money in SLP I would be selling after that rise.
Let the market settle and see what offers the best value.

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