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It doesn't need news to rise into the 6s
It's already fallen too much idiot
23m cap with 35m cash
News ahead end of April is anticipated. Unless you were born yesterday you know that 80% if the time it rises in anticipation towards news
6 5p 1st target couple of weeks.
Then pullback 5.5p or so
Then rise again leading up to news maybe 7-8p
On news it's either 3p or 12p 1st day
Just a steady drift down over the last 2 months. Lower lows.
Should bounce around 9p otherwise its down to 6p next.
The longer it takes credit facility in place the more likely that a placing is on the way for day to day operational costs.
Will check back in a couple of weeks if it's around 9p could be a decent punt
This will be 50% higher in a couple of weeks time
Hold and ignore the trolls
Where are you seeing this infor
Back in.
4p support held. Nice pullback from 4.5p
Next leg up 4.8p then on to 6.5p next 3 weeks
Price around where expected. Could go lower yet
I did say the other day this is not the market to be releasing results.
Positives will be ignored and negatives jumped on
Support is around 4.4p them 4.1p
If that is lost then 3.7p
Shouldn't go any lower than that though
Equinor have recently increased their holdings in 4 other blocks in the area
No doubt they'll be speaking with LBE about Kveikje too which we are looking to monetize/sell
If we get £25m that's 3 x current SP so worth 36p.
But considering we've got £9m in the bank and £65m debt facility for operations, it's likely that cash gets returned to shareholders as a special dividend.
Buy now 12p and get 36p dividend...
Yes please
Patience. They said 1st quarter. Max 2 weeks left
https://www.**********.co.uk/rns/announcement/750042c9-876f-4bb0-9a51-92b24757beb2/
Yes fair point.
Just horrible market. Even tiny little negative will be jumped on and 98% positive ignored
Look at YU today.
Good set of results and down to a low of 24%
The market is awful and MM's will pull pants down
Bit worrying to hold full lot into Thursday or Friday in case they decide to hit that 4.1p double bottom or even 3.7p previous low
5p decent for profit from 4.4p last week.
Wait sidelines then jump in 10% higher if good numbers
Much safer play