Member Info for D220

Looking at the buys and sells, there must be a big sell going on which will probably be reported later....Get it cleared and lets move on!

"certainly" even!

5p sertainly seems a difficult barrier to jump. Cant believe we cant get over it yet. When will the seller finish?

I am not entirely sure what to make of todays news release. I read it before market open and assumed there would be the mother of all sell offs and a sub 1p share price in short order. After all, the test was intended to produce oil, albeit only 5-10 barrels. Even after being at the longer end of the expected duration, they clearly failed to do this, which in my view is a fundamental failure. However, they seem to have suggested that in fact it was a sucessful test and are now proceeding to the next stage! Confusing? Yes, and surely they would realise this? Are games being played to get rid of weak holders or are they just clinging to the gravy train? I dont know, but am surprised this closed above 2p. Somone must have bought a fair amount today. I wont be buying more until there is clarification. But equally, I wont be selling my remaining holding, after my (fotunate) de-risking on Tuesday. Lets see what happens when the dust settles.

Seems to have perked up since your buy Dick! Maybe if you buy some more it will keep going?

Looks to me as if this is forming a base at around 5p ready for the next movement up. i suspect this will be without further news as 5p is way too cheap for where the company now is. However, with the Vermeho PFS, a significant move can be expected as, IMO there is nothing priced in for this asset.
Best just to ignore those who are (very clumsily) trying to influence others for a trading position. School is back tomorrow so hopefully they will be busy doing last minute homework....

None taken. I posted so that others with higher risk appetite (or less exposure than me) would understand what has happened this morning. I thought of which two scenarios would hurt most:
1. the test "failing" and the sp dropping below 1p or,
2 the test succeeding and sp going to (say) 12p
And concluded 1!
I still have well over 1m shares so fingers crossed!

No, I had already started offloading before he posted. I wish he had waited, as I think he contributed to the drop!

Probably caused by me derisking this morning. I have realised that IF the test news is not good, I was overexposed so I trimmed by around 500k in several tranches. I still have enough exposure to any upside.

CP, good post. As a longish term holder with an average of around 4p, I am very pleased to see sentiment turning here (and being in profit for the first time is nice too) to the extent that an sp in double figures looks likely in the short term now.
over the next week I am looking to "get my bucket out" and average up considerably. Either we become a producer in the next couple of years - in which case we throw off cash- or we get taken out - in which case we get a pot of gold.
Nothing is EVER a one ticket, especially on AIM, but this looks VERY complelling to me. Let's see what next week brings!

As Lucando posted at 16.05, either the PFS on Vermelho or news on offtake agreement for Araguaia

This looks more and more likely to be news tomorrow: 15.20 to 16.00 from 2.5p to 2.8p. Something must have leaked IMO

Perking up this afternoon! Finanly going to close above 2.7p? Someone may have got wind of an RNS being looged for release tomorrow at 7.

If the field test demonstrates that the tech works cost effectively, the implication are huge. As would be the value. Under such circumstances, I would be amazed if TOM wasn' t bought up very quickly.

Agreed JA.
Signs of a recovery towards the end of trading. I wonder what prompted that? Leak of news tomorrow or just a realisation that crazy value is on offer here?

I always find it difficult to take a barely literate rambling seriously.
Interesting that the bashers are out, both here and on advfn. Desperate for their fill before we go back up?

I have bought several chunks more this morning and had to pay over 4p for each. I dont see it staying below 5p for much longer now that funding is sorted and oil shale is warming nicely! I would not be surprised to see news on Monday :-)

Certainly looks to be dropping but I REALLY wouldn't want to be out of this as big ness could come at any time now IMO. Great opportunity to add - my top ups at over 4p look mis-timednow, but I am confident that in the next few weeks they will be well "in the money".

So there you havge it - the seller has been RG. Dropped from 7% to 4% ish wef 19/7/19. Has he stopped selling?

Big spread. Not much interest in either buying OR selling it seems....