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Looks like some of the usual suspects are now in this on X.

Can only help (albeit in the short term, but if they keep mentioning gaps around 3.60-3.80p 😋)

It was 2.705p to sell and 2.72p to buy as they went through. It’s not even up for debate tbf, only reason I posted it was because I knew you would have told everybody that “the 500k seller is around” when they weren’t sells.

Looking stronger now, which is good to see - and I also agree with your post below that it’s somebody (or maybe I should use past tense 🤔) who’s trying to offload without destroying the price. Once they’re done, we’ll fly - and it often links with news coming when this happens so it’ll be double 🚀 🚀 😂

Nice - couple of 500k buys just below the mid-price

Interesting tick-up there without any trades.

Might be our 1m buyer from yesterday 🤔😅

If you trust the spread rather than surrounding trades, you’ll never understand what’s going on.

But well done on posting without using the word “sell” 😂

It’s never clear without immediate sales each side, but the previous was a sell at 2.728p 4 minutes earlier. Makes it much more likely that 2.748p was a buy.

The last RNS was 3 working days ago. You’re having a laugh?

Doc -

Of course not, just showing you the immediate preceding trade, to show that both of them were buys as you said it looked like a sell.

Doc, put the trades in order and you’d see that there was 3m bought within a minute

14:46:29 / 2.7627 / 182,778

14:47:24 / 2.8 / 1,606,768

14:48:33 / 2.83499 / 1,410,564

Https://lehmanlaw.mn/blog/obtaining-a-construction-permit-in-mongolia/

Tbf, I can’t say if this is the same permit we’re after, but it’s a quick turnaround it appears:

“A Construction permit is granted by the local provincial or from the city Governor.

When a developer files to obtain the construction permit the developer should prepare and file an application describing the details of the construction along with relevant technical documentation. Upon submission of the application the reviewing authority make a decision and issue the construction permit within 10 business days.”

Tbf, you could sell a lot at 0.099p this morning so it’s barely moved. It hasn’t been close to 0.095p

And there’s your answer - 8.6m delayed buy 💪

From RNS 1/8/24 - “The Company plans to provide the market with regular updates concerning the progress made on the work programme which is expected to commence shortly.”

Conger2 - “Following the GOI approval, there is an existing budget and work program approved by the DGH that allows the work over program to commence as soon as logistics allow”

There is approval for the workovers so work will be starting, and I’d imagine pretty soon.

“The closing of the farm-out agreement initiates the 18-month work programme period” - Selan won’t be hanging around, so I wouldn’t put all your eggs in the “SYN take forever” basket.

Just listened to the Zak Mir interview again.

Between now and the end of the year (so 4.5 months) SYN are expecting to do at least 3 workovers and drill the first of the vertical wells. So there are at least 4 material news announcements coming, just for the commencement of these. Plus at least 3 to confirm the results of the workovers.

So we will have at least 7 big news releases coming, or one every 3 weeks. That’s regular news flow in anybody’s world, especially SYN’s.

And that’s without CCS news. Stay out and wait for 0.09p if you like, but don’t come crying when you’re locked out or paying significantly more than you could have today.

Indeed Espen, I guess that’s the £800k the company’s worth now 😂

Crazy to think that we’re setting off on a drilling programme with $10m paid for by Selan, with a further $2.5m given to us.

That’s £9.8m covered and we’re getting half the revenue from 3 workovers and 3 drills.

Our Market Cap is currently £10.6m. So we’re worth what? - £800,000?

This will be back to at least 0.11p in no time, then we’ll head into a news-rich period that’ll see us into the teens and hopefully beyond…

- Approvals in place for Workovers. Work will start shortly. Lots of updates expected.

- Approvals submitted for the drill while the w/o’s are happening; work should start as soon as the workovers are done;

- CCS farm-out ongoing; news at any time.

Those on the sidelines waiting for the SYN-typical drift need to be careful not to be too clever for their own good 🤔

Hardy - “warrants exercised when we hit 0.14”.

1 - if they were exercised, there would be an RNS before they were admitted to the market.

2 - if they exercised them at 0.14p (they haven’t by the way, see point 1), they would not be selling them now.

No part of what you’re saying makes sense, unless you think the warrants are issued at 0.08p once we hit 0.14p, which again is very, very incorrect.

Nice to see those 340k and 2 x 100k buys, eh Doc? You seem to have missed mentioning them 🤔