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Hawaii, agree. When the bashing gets this bad it destroyed share holder value, but it also present opportunities. If the money comes in great (more than great), but if it does not a bit of house keeping and this could be relaunched. At Corcel they sold legacy assets and brought in a new team, pretty quickly things improved.
Gordon, it is not going up more because of the negativity from sceptical long holders such as yourself and the shorting FUD merchants running a mock here for the last few days.
Confidence needs to rebuild and finally people focus on the deal achieved which should deliver a share price a lot lot higher than here.
Hawaii, this how I am reading this situation and having followed the CRCL journey and had my best result since 2020 this look very possible. Not wanting to diminish the risks these types of set ups have, but if we get a bit of luck the potential here far outweighs the potential of CRCL at the lows. CRCL at the lows had to find a new halo project (it was a great choice) but we also brought in new blood at massive dilution.
IF this DRC settlement comes in, the move from here could be one that really catches AIM attention. If the money does not come in, new blood and new funding could come in in a similar way, but done well like CRCL, if the value added is greater than the dilution it could still be a very good run from here similar to CRCL’s. The risk reward from here, IMHO, looks the best of anything I have come across for years including CRCl.
A lot of talk about the share price. If I had posted on here a few weeks ago that the deal was 100% on with a multi $B partner, that we would get a free carry on 3 well and 3 work overs, we would also receive a cash component, but had to be mindful the AGM could deliver an opertunities raise, so factor that in. I suspect people back then would have been snapping up shares at 0.12p.
I was and I knew none of the above other than the risk of a bit of dilution!
Try and block out the FUD merchants and think rationally.
If BB manipulation does not affect the share price why do you think people bother to do it?
Earl of pain, whoops 🤣
The slippery crowd throwing their toys out the pram because they missed judged this. Days like this make investing alongside the unsavories worth it.
It is rare to get an intraday RNS but given we know it is just down to signatures they could get this rapped up in time for the weekend.
Classic dealer, accuses someone of subtle deramping then does a subtle deramp. This board is junk.
Nice back test of a minor resistance at 0.14, onwards and upwards. 🤞🏻
As posted earlier (see below) but this could be a crazy few days.
Prowler100
Posts: 75
Price: 0.115
No Opinion
India - Gas, Gas, Gas !Today 11:39
Article today from Upstream ..
'India plans to invest at least $67 billion in the next five to six years, aimed at boosting the domestic natural gas sector, according to the nation’s Prime Minister Narendra Modi said. Speaking at the India Energy Week (IEW) conference in Goa on Tuesday, Modi confirmed that huge investments for the nation’s natural gas sector have been lined up 'for the next five to six years' to double the share of gas in India's energy mix from the current 6% to almost 15%. We are continuously scaling energy capacity in the country, with greater focus on the natural gas sector,” he noted.
Perfect timing .. come on Roland, let's get that deal over the line.
https://www.upstreamonline.com/energy-security/india-outlines-plans-for-67-billion-investments-to-boost-domestic-gas-sector/2-1-1594126
Bid moving up, feels like an uptick possible soon.
I love how people are talking about exiting before they know the deal. Surely the final deal and our eventual partner is what will determine price. May be a damp squib, may be a a £100m company maker.
If that report determined 1.5p and it is not being released to the wider market YET, it may give a clue as to a slightly more ambitious near term price target.
Chart also looks very nice to me, a great set up for an AIM top riser.
Good to see the Tweet RNSed, fingers crossed final negotiations go well.
Yes, nice healthy back test of 0.1p. Hopefully creating a nice clean platform to launch from.
ART, exactly, winning this bid has it’s own set of problems as well as benefits. Benefits way in the future, current cost have to be dealt with now.
I suspect the bids were put in prior to having an idea how good KON 11 was going to pan out. Hopefully news on that soon.
Bong, you do realised people can click and look at your posting history and work out what sort of poster you are 🤣
Thanks Ed, yes not the end of the world if I am being optimistic of timing for the well results and bid rounds, but a tantalising prospect.
After a day like yesterday it is important to gain perspective (and cool off the RSI a bit 😁). We have got to this point with a very low market profile, as the news starts flowing and the profile is raised, it does feel that there is plenty more to come.
Siennaj, if you have been around the BB as long as I have, it is the only way to reply to some of the them, keep it cordial and wish them luck.
Rocklawn, it takes a brave man to come clean on BB of their agenda. Well done for being part of CRCL journey. What are you buying now, you have a good eye?
Today we perfectly back tested the 8 day MA, I only checked the charts this evening and reassuringly there we sit, as we have on many days in this bull run.
Next week we have news on licences, if we don’t get it, hey ho, if we do get it a great validation of CRCL and the team.
Speculation on my part, the drill and the testing are far from fast, part of me has wondered if they have not rushed things because of this bid round. It is important for Angola as shown by this website having a count down until its announcement.
https://anpg.co.ao/
What a day to announce block 11, adjacent to the most bid for block 15 is now flowing impressively. Ed may want to caution me on this one but if I was Angola Oil ministry it would be my perfect set up.
24 hours ago the MM were allegedly desperate for stock …. Today 30m volume and the coffers are replenished.
Let’s see where next week goes, as Ed says, plenty of things that could come our way even if my above is just wishful thinking.