Member Info for Coldspy

Rigger probably saw his accuracy and scared himself off lol.
Doubt he'd have gotten a caution of any sort for the minimal info he stated.
Guess we won't know until the news lands.

SP could drop drop drop then do 100% on news.

Or rise rise rise then boom, down 40% on update

Whichever way it moves people will be saying 'leak leak'

Poorinvester

The locals are lovely in most areas. Big cities some crime as any large city but no more than that. Same as anywhere if you're involved or hang around those circles. Not really random attacks.

It's better outside the tourist areas, cheaper too. Locals friendly and hospitable.

Have looked into at some depth as considering similar move myself.
Don't see the UK as a safe space for my kids in the future. Men using women's changing rooms, etc. Big brother watching you everywhere. Freedoms being lost each day. Can't get a gp appointment, can't get the police round for a crime, can't get an ambulance, what do you get for your money. Nothing.
Pay tax they want you to pay for appointments next.
Pay road tax they want to ULEZ everywhere so it costs £27.50 a day to drive.
Feck off already.

Move to Turkey.
On the doorstep with Europe so easy access.
Modern, good food, cheap.
Not going woke anytime soon.
Good transport links.
Good medical (private)

We gapped up on open today

Often MM's like to close gaps

We've had a spike and a pullback. However, if it bounces here leaving the opening gap as support then that would be very bullish and expect us to end the day higher.

Looking good so far and selling pressure looks exhausted for now.

Let's see

Also quite surprised by level of selling so far today.
Lombard + PI's in profit.

Update was excellent and I see improvement to the well coming in next few days.
Water ingress seems to have been identified and will be blocked off.
New larger perforations will definitely increase gas flow.

Far more cash in the bank than anticipated too.

16p target reasonable on a positive update on Southwark in the next week or so

Lombard Odier Asset Management (Europe) Limited (from TR-1)

The Lombard Odier Group is an independent Swiss banking group based in Geneva. Its operations are organised into three divisions: private banking (wealth management), asset management, and IT and back and middle office services for other financial institutions.

TR-1 for Lombard would be below 5%

Surprised not to see it yet. Don't think they're quite done yet.

If it's under 5% next update rather than 0% then would prefer that it's backdated and threshold crossed last Friday or something

Market cap near cash so putting near 0 value on the assets and licenses

Can someone confirm gas sales revenue of c. £2.2m per month?

The drop from 17p to 6.8p is a complete overreaction to the news. We are essentially saying more than 50% of the company was tied to the Southwark drill which is not the case.
Although it is a big drill and important asset, it is not alone worth more than half of the company.

Therefore at this stage we are well oversold and a fair value whilst awaiting further well news would be 12p or so.

Opportunity under 7p is thanks to Lombard selling (mcap below £50m they have to sell as per their own investing rules so when it dropped they had to begin offloading)

TR-1 in the morning would put the cat amongst the pigeons

52 week high 45p in March
52 week low today

Sell pressure reducing

Break and hold 7.1p and we have room to move up to at least 10.6p short term

Cancelled but a sign of where this is going

Rising divergence shows weakening sell pressure.

Break 7.2p and we're free to go

25k seller really wants it down

Anybody know how long wireline logging would normally take to complete

Cheers Wolster

Thanks for the info.

But what assets are currently producing, what are IOG selling at the fixed prices mentioned.

How much revenue coming in without the latest well

Any LTH's can give a brief of the current assets please

What's producing, how much

What's due online soon

Funding requirements etc

Thanks in advance. Just trying to get an idea of the company and how important this current well at Southwark is and what else they have apart from Southwark

Book flipped. Seller on fumes or out.

Should move more freely without overhang and TR-1 confirmation will set this off on a run.

Still cheap to buy, anything under 8p is a bargain for a run to 12p short term, higher if positive sounds re well clean up and logging.

Let's see where we end up today

If I had an average in mid teens to 20s I'd be hoovering up stock here.
Even increasing my holding 20% short term would bring average massively down.

When inevitable bounce comes can sell back down with some profits.

Win win

We don't know when yesterday they crossed.

Likely in the morning on the volume that went through 135m total traded.

They just didn't TR-1 again to say actually by day end we were already below 3% for example.

Tomorrow morning could get another one below 5% or 3%

They definitely don't have 40m left
TR-1 released is outdated news

Very difficult to buy.

Expect to see 12-14p in the next week

You mean like when the HUR directors tried to steal the assets on the cheap.

Until finally large fund holder stepped in and got rid of them.

SP recovered from about 0.5p to 8p again within 6 months.

They also had constant 'water issues' with the Lancaster well I'm sure..

Someone should point out to them we're watching closely and if they try to steal the assets on the cheap we'll hit them with a lawsuit