Member Info for CrustyPete

What the bet? Will the MM's look to take the mickey out of the day traders closing out after their 10.0% up day or make sure that the final FOMO chancers pay up for their shares?

It is usually the former but today might be different with the possibility of news on Monday.

In any event I wish you all a fantastic weekend and hope you all win the lottery.

It requires people to report the post and poster littlered. I suggest you do so.

MM's do their damnedest to be neither long nor short for any meaningful length of time Chesh, they do not play shares just tack the spread - so Peel will only trade those that are on their book OR those they know have availability/ access to - so maybe an underwriter or a fund or a large PI.... though I am not sure that there are any funds holding He1 so less likely to be that.

have to go out for a while now, back later - keep the pot boiling...

Peel have always been the sellers with the lowest ask - they must have a tap into a large tranche of shares methinks.

I too am on II and just got a quote of 1.35p for 1,000,000 and same for 1,500,000

Full ask being paid - is 1.38p the highest BUY of the day? If so, bodes well into the close.

If you go to He1 at the London Stock Exchange site and look at the trades for around 10:58 there are two sells each side of that trade at 1.285p (10.54) and 1.29p (11.03) as well as two buys at 1.3147p (10.55 & 11.01), which suggest that a trade at 1.3285p is a BUY....

But as others have stated is it history now so who cares whatever it was is now "in the price"....

Those Mr Singhs do like a bit of moonlighting eh?

Is that the same taxi driver that Mr Singh from the corner shop uses? ;0)

Honestly Chesh, no. If I am a "deep pocketed producer" I can afford to wait for the "commercial discovery" confirmation; the basin modelling and resource estimates will need validating with flow rates and the information to evaluate stimulation prospects etc

Agreed to a point Chesh, yes. I believe the EWT will only confirm their strong opinions from the basin modelling and resource estimates but that EWT will (hopefully) give us the all important "commercial discovery" tag that we all (and the onlooking world) are waiting for; so I think the EWT will simply be confirmation of what the BoD already know or strongly suspect. That should be enough to get the sp up but the "commercial discovery" will be the catalyst to much higher values. A successful appraisal well should also help that significantly.

A week ago a £10m raise would have been a 20 - 25% dilution on a market cap of circa £38m - that would now be a 15 -20% dilution of a £48m MC. It will only get smaller.

Well I ahven't sold anything since top slicing above 3p, I have been topping up in the dips but still have "cash on the hip" to buy more if, as RJ suspects, there is to be a discounted raise that provides a lower entry point. Personally, even if that does happen, I do not see the sp falling below its recent lows at sub 1p and on that basis am happy with the shares I currently hold and intend to hold at least to after the EWT results and I will live or die on that outcome. The issue of a raise between now and then is, in my opinion, just a very small blip on the radar and will have very little impact on the sp - and, as is obvious, the higher the sp and MC in the meantime the smaller the impact that dilution will have.

Indeed you may well be right there win - in any event not too long to wait.

I wish you all a good weekend.

Mr Singh probably knows a lot more than the "some in the city" ;0)

You have very reason to be suspicious RJ, as we agreed yesterday we saw a very similar rise in early March and it only lasted two days - we could well see the same or similar this time; however, we are now a month closer to the new Basin Modelling and resource estimates and any likely raise so whilst there might well be three months until EWT I would not be surprised to see this find a new level. As you know RJ uncertainty creates fear and hence the risk that with time the sp will slide without the comfort blanket of new news - with a new basin model, resource estimates and funding out of the way any short term uncertainty is removed and so I think the sp will be maintained ahead of the EWT - where after that? Is anyone's guess and will depend on that long awaited statement of a "commercial discovery".

We should have an AGM within 3 months of the year end (Mar 31st) so should be before the end of June - however we have seen that often pushed out into July.

I'm with you Torreaguas but many would differ with our view...

I think the 1.30p BID we have just seen will be the "high water mark" for today.

I think that will already have happened to a large extent LBview; the sp movemet over the last 24 hours will have triggered their moving stop losses a while ago methinks. But if the momentum continues they may well change their position from a short to a long... though, as of last night, British Bulls is maintaining it "stay short" position.