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BCE did a Hex, its up double digits
BCE should have dropped back a little watching the last half hour, sellers were taking 0.62, and were busy the 1st time the bid hit 0.6....So what was keeping it up ?
Hopefully rig RNS next week and a gap up....
But I fancy that sidetrack coming good, we no that oil is there, not just an over pressure claim with no specifics
Looks like we should have dropped BCE, and bought Hex just incase it did a today..
So far from Q3 I was thinking it could be consolidating, but next time I will be watching for the sudden increase in availability, if I remember,, you need plenty to entice a herd :)
DM only a 10 bagger man, after He1 trashing the MC before multi-bagging x17, he might have new plan ...:)
Admin you say, I will have to remember that ;)
How do you set up an account on LSE thats almost a decade old..
Seen a poster today, just a handful of negatives recent posts, well timed trolling, yet nothing posted before ?
Seen it a few times, make you think admin are behind it..
Odd how the longer you play this game you begin to the think the MM manipulate..
Letting it go on Thursday, so we have FOMO Friday, and Monday the weekend researchers buying maybe, day 3...
All off a treble bottom....and low liquidity ?
Before Hex was let rip there was a change in liquidity, previously some 100k trades were printed late, and 100k often NT to buy..
Then +100k was frequently available to buy...Makes you wonder if the MMs were restricting the buying while loading their books.. As you would think the more thats available the harder it is for the price to rise and we know low liquidity stocks tick up very quickly
Keep any eye on DELT, just incase the are doing a He1...
They announced JV/funding issues on their appraisal drill, , an asset worth $200 NPV.. Might get a surprise placing as that also sounds unfavourable...
Its a big prise to to lose for not stumping up £15m, not sure when the deadline is to pay that £15m to partner Shell
https://www.lse.co.uk/rns/DELT/pensacola-update-soxmfg025hjejdl.html
Just logged in and seen HEX, magic number 3..
Treble bottom
https://invst.ly/14nt5r
Its okay if they are buying but when they sell look out :)
Char
Char, two very hugely big trades
01-May-24 14:33:15 8.50 29,714 Unknown* 8.47 8.53 2,526 O
01-May-24 14:27:47 8.50 4,000,000 Unknown* 8.41 8.59 340.00k O >+++++++++++
01-May-24 14:27:33 8.50 50,000 Buy* 8.41 8.50 4,250 A
01-May-24 14:27:23 8.49 25,471 Buy* 8.40 8.49 2,162 A
01-May-24 14:27:23 8.49 34,853 Buy* 8.40 8.49 2,959 A
01-May-24 14:27:23 8.49 17,586 Buy* 8.40 8.49 1,493 A
01-May-24 14:27:14 8.50 4,740,716 Buy* 8.40 8.49 402.96k O >+++++++++++++++
01-May-24 14:11:04 8.40 104 Sell* 8.40 8.49 8.74 A
01-May-24 14:11:04 8.40 1,068 Sell* 8.40 8.49 89.71
@Mischief, looks like it was a buy after all, up 20% today
@Tro, DELT might be a repeat of He1 for you, 2024 could be your year....
Looks like HEX resistance is 10.3,
He1 did similar for their drill, announcing funding was required roughly two weeks before it was a done deal, resulted in the market discounting the price each day the funding was not announced.. Then a big discounted placing followed..
It created so much extra upside
LTH taken to the cleaners, except for those who had the funds and nerve to load up
Interesting, you no doubt remember He1. phase Pump and dump announcing Tai-2 , just 12 paces to the left, and 70m down.. Well Canaccord was joint broker, same for DELT.. They also act as market makers, and are a global investment bank..so money is their game.. Not sure if they are MMs trading DELT
Also end of the day He1 itself is in a better position, MC unaffected, just the LTH suffered while the smart money and savvy traders made a fortune...
So I guess the MC of DELT depends on the outcome of this years drills, and Pensacola has oil, while the other is an exploration well... Odd its Pensacola funding thats the issue, as its a valuable asset, rather than the exploration risk
One to watch, after hours funding RNS, only 93m share in issue, after the consolidation.. was 1.8bn
Raising £13m at 10p would result in 130,000,000 additional shares, thats still so much less..
Both wells come in, well 88e was +£100m with no oil.. seems set up to multi-bag
Some heavy losses on Delt :(
Need to watch closely to see if they have done a He1, almost 60% wiped off April high, follow that with 50% discounted placing its going sub 10p... ~£8m MC ... then that 10 bagger which Malcy called before shte hit the fan has a lot more chance of happening...
Asset NPV 200m, for £8m company,, plus Selene
Mmmm, some high value trades going through both delayed printed after about 11:05 and 11:35, on time and price they are buys..
01-May-24 09:34:46 12.00 750,000 Unknown* 90.00k O
01-May-24 08:35:43 11.99 750,000 Unknown* 89.93k O
=================================================================
30-Apr-24 15:08:55 11.75 450,000 Unknown* 12.20 12.50 52.88k O
30-Apr-24 15:08:55 11.75 -450,000 Unknown* 12.20 12.50 -52.88k O
30-Apr-24 16:15:46 11.40 250,000 Unknown* 12.20 12.50 28.50k O
30-Apr-24 16:15:46 11.40 -250,000 Unknown* 12.20 12.50 -28.50k O
Past performance is what undermines that company
ECO still. climbing
ECO in Namibia too, and Tro's shout WTE
Nambia, and Sarawak for the oilers