Member Info for CrustyPete

Closing shorts methinks.....

A bit later than we were led to believe BG? Surely not? ;0)

incremental only

Current market rates are not remotely relevant - any gas we receive will be bought at the well head at a fixed price (plus an adjustment for market) and not at the market rate. Look at the Kiliwani GSA as a guide and the WEN / ORC arrangements which vary from Kiliwani as they built their own infrastructure - which APT might end up doing with the pipeline.

All total speculation Sang and, correct or not, still does not offer any assurances that he will not continue selling when the time is right. I hope not but I suspect so.

SOC's collective holdings have only recently dipped below 5% and they will have had difficulty offloading in the current market, volumes have not been high recently. Previous holdings reports reports would suggest that 1% per month was about as much as he was able to offload - and that was in a far more buoyant market.

Yes, he may have stopped offloading but that would be pure speculation and, if not, there is still a lot more that could yet come back.

Maybe he has Sang but there is no reason to think that he would not start again were the sp to recover appreciably. Would anyone in their right mind choose to be selling in the current market and at current prices?

That said it may well prove that the timing of the recent LBPS filing is in anticipation of positive outcomes from the FDA on the Blautix development programme. If that is the case I am sure it will not be lost on SO.

I think we need to know a bit more than just efficacy levels to understand whether the "drug" is to be commercially successful but, yes, I take your point.

Thanks for the advice Mav but, personally, I do not feel the need to do any digging - I am more than comfortable with my current position thank you.

If I had the money I would do more like that! ;0)

So what's wrong with you doing it yourself MaverickD?

fwiw Edgar I firmly believe there is plenty of time to complete the seismic programme as still drill in Q3, Indeed I believe the proposed timing of the CH1 spud was determined on the assumption that seismics might not be started until Q1 2022. Moreover we have already been told that the first priority is to complete sufficient seismic work to conclude the positioning of the CH1 spud and that piece of the jigsaw will not take very long to put in place.

LIke Max I tried buying a fair chunk or shares this morning but only got a small part of my order filled - boo hoo :-(

I am simply making the point MHB that market cap is a factor in the both value and volume of available funds for potential investment in 4D - hence, for some, it is not "nonsense".

And I am the COO of a WM with over £6.6bn AUM....

Read my post again MHB - I have stated that this excludes "Privately owned, unregulated, unfettered Investment Vehicles".... but the Global retail and institutional fund market is vast and to suggest that market cap is an irrelevance for over half of the II market is just blatantly wrong.

"claimed that we are not on funds' radar screen because of market cap (it's nonsense by the way)"

That is far from being nonsense - all open ended funds have restrictions imposed by the Fund trust deeds that dictate the, sector, geography, nature, size, %age and structure of any investments that the fund invests in - hence a "small cap" Fund will (typically) only be able to invest in companies that qualify under the "small cap" restriction. At £53m 4D doesn't even qualify as a "small cap" stock but as a "Micro - Cap" and, at below circa $50m, it would be a "nano -cap" stock.

The smaller the company, the fewer the number of Funds that will be able to invest in them, then overlay the sector, geography etc and the field narrows even further. So how many public, regulated funds will be able to invest in a UK, micro-cap, bio-tech company? Very, very few....

Privately owned, unregulated, unfettered Investment Vehicles like Ocean Capital are a different kettle of fish of course BUT it cannot be ignored that 4D's size will severely restrict the number of public, regulated funds that can invest in it.

When 4D was up at £1.80 it would have qualified as a small cap and the value of potential investment funds that would be in a position to invest would have been hugely increased...

Reach versus RNS, I stand corrected Sang, apologies - I was thrown by the ref RNS Number : 4853C

Fairly pointless, I agree and not exactly cheap either.... RNS's are expensive.

See below: in short, a circuit breaker of 15 minutes if price falls more than 7% on opening. More detail below.

https://www.nasdaqtrader.com/trader.aspx?id=CircuitBreaker#:~:text=The%20SEC%20recently%20approved%20a,10%2C%2020%20or%2030%20percent.

Isn't there a "circuit breaker" on Nasdaq if a price fluctuates outside of a given range on opening....? I am not sure what the tolerance is but I believe one exists - or it did once upon a time.