Member Info for CrustyPete

And yet a trade has just gone through at 1.50p - probably for under a £1 ;0)

The Tanzanian Govt is forecasting revenues from He production before the end of H1 2025, so 9 months away or thereabouts. Though it is pure supposition (with very good reason) that they are expecting that to come via He1.

However to do so many dominoes have to fall - like building production infrastructure and before that, funding it.... so many boxes yet to be ticked and each one will likely have a positive impact on the sp. Even a dilution is unlikely to be at a huge, if any, discount and will be perceived positively and with a positive impact on the sp, in my view - much as the Feb 7th raise did.

H4H, any update on the first interval, other than the simple fact that they have completed it, would absolutely be considered "price sensitive" information and as such would HAVE to be RNS'd....

And I hope you are right H4H but I have doubts - plus you may find (as we have seen over recent days) that as we reach each sp "milestone" the herd will be matched by those looking to derisk ahead of the EWT results, so any rise will be a gradual, 3 steps forward two steps back, affair.... In which case the longer we have to wait for the EWT the better, as it will give more time for that gradual rise to take effect

In addition Wolverine the problem is that the whole market has been primed for the inevitable positive outcome, a Commercial find and stratospheric numbers... The danger with such overblown expectations is that otherwise good numbers will be perceived as "disappointing" with an inevitable consequence on the sp - at least temporarily.

I would agree with you entirely Wolverine though, equally, those that are here for the EWT are, by and large, already "in". So I cannot see too many more buying in at this stage, with a few traders playing "brinkmanship" and they will be leaving it right to the 11th hour methinks.... Then again would you be taking a trading position over EWT results? You could easily come a cropper with that tactic.

Mrnewbie, I agree entirely but we don't actually know when testing of the first zone actually started and then, after closing the second, they will need some time to analyse data and firm up conclusions before release.

Lo and behold! 1.48p closing price as a result of a late UT trade - quelle surprise! A Blue finish.

Yes Chesh I think a few people have hit that 1.45p button - it didn't last long...

And they are paying 1.45p for lots - 1m - 4m but you can buy lots too at 1.465p. false spread yet again

Kiss the boot of shiny, shiny leather BRB... once they are over 1.50 anyway

Apologies at making a horlicks of your name Chesh - not deliberate.

Agreed CHseh and yet, with minimal volume and few trades since lunch time all of a sudden the sp rises to 1.43 - 1.50.... On the back of what exactly? I am no conspiracy theorist but this looks bloody dodgy. MM's controlling the closing sp? It will be interesting to see if and at what level there is a UT trade after the close.

Oh I believe you Sprint I have been in to a dozen or more that have looked very very similar to SYN.... not quite sure why I thought this would be any different? Ho hum. Yes it has cash but for how long? 6 Months? After that we are totally reliant on the outcome of the the up and coming drills to get us by. Let's hope we have news on these shortly.

Email you say "while we're still married to ARA" - if we lose our "operator" status we might find that very soon we are one and the same ;0)

RKH? Many moons ago, yes but briefly.

A couple weeks is somewhere around what I had in mind but I am afraid if ot is much longer than that I can only see the sahre price suffering. Who is likely to be buying in the absence of material news and yet there will be those, LTH's particularly that simply decide that enough is enough and look at alternatives for their money in the short term. Whilst I do believe that SYN offers great longer term potential, it is difficult to see what would keep people (me included) engaged here for the short term...?

I will give it until early September but if we have heard nothing by then I will be looking for a new horse to back.

Is "The Buyer" finished? Personally, I do not think so. Looking athe trading patterns and prices traded over today and previous days it looks to me that there is a large overhanging BUY order in place but with a limit price of just below 20p - having hit that number the MM's now have to accumulate shares slowly and with enough margin between their sales and purschases to justify the exercise.

Email, you say "There might be good reasons for keeping the Kiliwani licence the company might not want to fully disclose"

I am certain they do wish to keep the Kiliwani license email and for many possible reasons, some obvious and some less so - the point however is that it may be beyond their control and influence to do so.

Ony 33 million by lunchtime and no trades for 10 minutes.... we need some action here! I may as well have stayed in bed! ;0)