Member Info for bluemango

Re the ops update; remember they're obliged to inform the market with any update, good or bad, so no worries there.

It's not at 3p, so nothing to do with what X was trying to say.

Re the 1.75m, bloody annoying to see, imagine where we'd be without this plonker.

Awax it's not a stupid question, wouldn't we all like that magical crystal ball with the answer. Fact is, no-one here has a scooby.

I was simply querying to whom you would go to for an answer; least of all to someone whose story, let's just say in the politest way possible, doesn't entirely stack up.

Awax, genuine answer - you'd have equal gain from asking your local Tesco checkout lady the exact same question; quite possibly more.

As someone just said elsewhere, "In my experience it's a good sign when these 'characters' crop up"

Sorry, but even if you're posting in good faith, I think someone in the chain is telling porkies and one has to question now why would they do that.

Xpublican, why post something you'd know might put off buyers? Unless you had a direct financial interest in doing so? Otherwise you're just potentially hurting the valuation of your existing holding. Better to stay quiet, surely? Then if it happens, it happens. If it doesn't, then no-one has been spooked unnecessarily.

And why on earth would this large holder want to sell at precisely the time when licensing logjams are finally being cleared, the company has more resources at its disposal than for many years prior to this, and the drilling programme is about to accelerate? At a price that clearly undervalues the current assets?

Almost word for word, what I would have expected.

Again, lesson is; be very, very wary of anything you read on here - in whatever direction. Be guided by facts and evidence rather than e.g. 'I'm told'.

One more thing - if you were a large holder, and were actively buying more, what possible motivation might you have in saying something that would be almost guaranteed to spook people IF they believed it might be true?

I can think of one.

Here's a pure hypothetical. I emphasise the hypothetical.

Guy who rarely posts, comes on and says some bullish sounding stuff. Gains a few likes and people warm to what he's saying, there's a bit of immediate trust because it's what they want to hear.

The very next day he throws a grenade, no evidence. It contradicts his previously stated actions, but no matter, people might be spooked because of that quickly gained trust.

Job done.

Apologies if this is way off the mark & any offence taken, but people need to be wary.

If true, their reasons could be relatively or even entirely unrelated to what they perceive as prospects here.

Change of sectors of interest, urgent need for funds regardless, risk management etc etc.

Thanks xpuplican and I agree. 'Why here' at under 5p, especially given the recent issues at that price. Market is pricing this wrongly.

If you don't mind, could you please explain the mechanics of your suggested '5p share buyback'? Surely if they're going to do it the time is now, while we're still below?

That's looking a whole lot more promising.

Late reported 250k at higher than this morning's offer and no dumps following this morning's reported 1.75m which as I suggested on advfn earlier, was probably executed several days ago.

Squeeze on buys with online quotes not available this morning, then two upticks on the offer.

Only negatives are the spread has widened again and they couldn't quite be pushed into increasing the bid.

Excellent analysis, somm.

Clive being used as a scapegoat yet again. He's not the one out in the field drilling.

He's had a tricky time handling the info coming out of Kazakhstan and been dealt a poor hand especially in the last few years, but the cards are now more in favour at last with the resources, finally, to crack this. When this eventually hits 20p plus, people will be saying he's played a blinder and will be thanking him.

It's a news driven stock. Drilling news hasn't been exactly stellar over the last couple of years, which is why the shares are languishing below asset value.

Given the right news, could see double figures this year and possibly more.

Thanks Joe, just to be clear, are you actually saying 'flaring is visible' or are you just using that as a hypothetical example?

Fair play, RossDub & Lamorona24 - big cajones!

I'm slowly catching up with you guys though ...

My guess for the seller is one of the perpetual moaners who have actually gone quiet of late - eg Gritster, Penrith etc. Finally thrown their toys out of the pram. Near historic lows as well so doesn't look so wise, time will tell.

Don't know who but I'm pretty confident they'll come to regret it.

When there's this many near term price drivers, you'd have to be quite desperate to be getting out now of all times.

Somm, it was a small nibble at 2.99, all trades marked at that time were sells.

"I don't know if there any buys today"

I can confirm at least one was. 😉