Payments made from 'operating cashflow' and locked in.30 Apr 2021 08:36
States that they would not make these payments until "the Company was able to make these payments from operating cashflow" which is a positive and then states that they are locked in for a further 12 months. I don't see much wrong with that.
RE: Wonder if Scott is still buying28 Apr 2021 19:32
Ironically, those trades are showing as 'non protected portfolio single protected transactions' for at least two of the 4 trades which some of you maybe remember we saw the same thing when Scott bought before.
Obviously, it might not be him buying and as I don't have a crystal ball but it is a big coincidence!!
RE: Wonder if Scott is still buying25 Apr 2021 16:39
I think the 10 million director buy of Scott fletcher's is a huge positive. It was done on the open market to the best of my knowledge and was designed to show his confidence in the company at a time when they are unable to give updates.
It was also legal and incredibly clever as some retail investors annoyed by the misjudged time lines had sold down and caused a bit of panic selling during a low liquidity period.
As we are all aware that negotiations between the company, the Government and EDM are ongoing that puts this information in the public domain. So as long as his actual buying was done at time when the company were waiting for further information which we know from the lack of RNS then it is all considered above board. He has exploited the weakness in price to its full potential.
The major shareholders list on the company website has been updated recently and shows all the majors holdings including Scott's. The update reflects his recent buys and his percentage increase.
The holdings of the others when compared to previous major shareholding updates on the company site show that all holders have decreased their size by exactly 5.6% with the exception of Scott who obviously increased.
This 5.6% decreased amount equates to the recent cash raise/placing. To me this suggests that Scott has been buying on the open market and the others have currently maintained their holdings. But if not and someone is selling but has delayed reporting while they offload then we know that either Scott is happy to consume at this level or is happy to buy the value at the current price.
So why is the price where it is, well clearly Scott has got a great price, no surprise there. But why did Scott not push the price up as he finished buying? This would be normal with the tail end of a majors buying, does he want more, is he still buying? or does he want the seller to have to sell down here? Has anyone tried buying in size to see what is available? or what happens to the price on buys.
I personally think he is just happy with the price and will take advantage to bring his average right down while he can as knows that on news the share price will leapfrog higher.
Yeah, NCCL, should have known better, who gives an estimate when the time period is not in your control. That was daft and caused worry, profit taking and the price to halve when no news came, which should have been cleared up right away as there was nothing to worry about. Not really fair to us shareholders and left me feeling frustrated and let down.
The good news is that if there was anything negative the would have had to notify the market so I take that as a positive and and the fact a director bought another 10 mill is a great sign. Looking at the price action he had that order worked and possible is continuing to buy, but that is hearsay, what we want is the frecking tariff news so we can open this up and start the price climb.
RE: Brokerman potentially 150M+BOE recoverable at #WestNewton20 Apr 2021 15:30
Haha, I am as confident with my position here as I have ever been. But you are right I have posted more than normal. This is because a number of events happened:
Positive update from the company in the form of RNS. Brokerman Dans talk of majors being interested and offers being made. Stephy (UJO PR) talking of lots of amateurs underestimating the prospects of West Newton The shear price value here today.
I have not even mentioned the Malcy write up yet, haha.