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Just had a WhatsApp message from Roland, he said to get the shrimp on the barbie cause the RNS is coming Monday, would have been signed off today but he insists of drinking 6 cans of Fosters and getting into a bar fight first.
Could be FOGT kicking in (fear of getting trapped).
I know what these Indians are like, they will get you locked in and eliminate your other options and then try and drop the price or ask for more last minute knowing you’re desperate and have nowhere else to then. Very good negotiators.
From the December RNS
“ The Farminee has been granted exclusivity for 90 days during which Synergia and the Farminee are to finalise the Farm-in / Farm-out agreement and Joint Operating Agreement prior to requesting Government of India ("GoI") approval for the transfer of a 50% working interest to the Farminee.”
In my experience here the GOI approval has taken several months of toing and froing.
I think people have realised that the deal may fall through and even if it doesn’t it will likely take 3-4 months to be signed off by the Indian Government.
If anything it looks like placing shares are being forward sold again.
0.19 will be gone before 10am, I reckon we will be well on the way to 0.3 by this afternoon however il be slicing into it
I think we’ll top out around 0.25p but ready to take profits in the .2s, SYN have a bad habit of dropping a placing on good news hype and I’m not getting left holding the bag
6 pints, gram of sniff and an escort here.
Just need ShartShift (or whatever name Qunt is using now) to tell us this news doesn’t warrant a rise and we should be good for a 0.16p close.
Another 5,000,000 for me, free money thanks very much.
Get em whilst they’re still cheap, big Roland is getting things done as we speak.
Big leak from corrupt India, it will be the minister of hydrocarbon and his friends filling their boots before signing anything off.
There’s no smoke without fire and a 50% rise off the back of no RNS usually means something positive has leaked out, given they are currently in the process of sand jetting I wouldn’t be at all surprised to be hearing some positive news on that sooner rather than later.