Member Info for dai2belts

Lol, I might be talking rubbish...

I got caught in another placing, the unusual thing was even though it was II only, they attached terms and conditions in the RNS for you to read that the subscribers were unable to sell to the public for 6 months, with some exceptions.. The placing was oversubscribed, so with the lock-in, there should not have been huge volume hitting the market, so you had to be quick to buy.. But there was high sustained volume for days, ...

The placing was at such a discount it practically wiped the LTH, so there was no point on selling, and the traders were waiting... It went on to multi-bag. The likely explanation was the placing shares were going straight to market..

@GrumpySod,

Its a good sign for the book runners who supported the company, as I suspect they planned to sell the majority of shares to the market, rather than to subscribers.. If they went to subscribers where did the 3p sellers come from, especially since shares traded at 6p the days before.. Also in this case no seasoned AIM PI was going to sell at 3p.. Also if I was the smart money I would be looking for 10-20% profit on shares bought as a subscriber, so somebody kick started the buying with cheap 3.2p shares with little commission. Now the price is higher other sellers will be active..

Thats a lot of volume , way way above normal, add to that forward selling of shares is legal in the UK providing they are guaranteed to get their new owners, unlike shares in a raise that require shareholder approval.. So if the volume remains high its likely the available placing shares will have been sold before the official listing day, so its very unlikely to see the share price drop that day.. Also the reduction in selling pressure should make it easier for the price to rise again..

Maybe after 300m volume has passed we can speculate placing overhang has almost cleared, some suggest volume 3x placing total.

Its all conspiracy,.....

So those shares I bought, the money probably went to the brokers involved in funding the company, so indirectly my money supported the raise, but there is a chance some sold if they had a stop loss set

Article in the Independent

Teenager has a £100k bounty on her, from when a young child, ...Only the Independent has a recent photo, with name...

Forget AIM, lets collect that £100k ;)

@Kev, you have been following Zeph, sure it has more posters activity on the down trends, .. there has not been a single post this weekend... You would never guess they were drilling their biggest well..

I tried to get a conversion going and got snubbed..

130ft section that flowed peak 2100 boepd, being expanded to 5500ft...

This started as a fully funded drill, already commercial, a 130ft section being expanded to 5500ft. So exciting stuff..

Yet this BB is as if nothing is happening, nothing showing in chat this weekend, never showing in trending, not getting on the leader board...

@James the BB lacks any excitement, so little conversation to attract any new comers or traders...

This BB shows more life on the down trends when people are highlighting weakness to help them buy low..

So was just trying to spark up some positive conversation

If the Gov still want the mine....and the spod price climbs to near $1000, and 20p on ML is still achievable then buying at 12p, and it dropping to 8p is not an issue.... and then there is the possibility of another offer..

If 11p is rock bottom, then if the ML takes another year, thats more blips off the bottom

Timing, in my case not missing the lows ..

Lol, you can never tell..

look at QED, I got it right , kind of, and missed out on another £7.5k to 6p, but was suspecting a raise..it reached 8p..

1. the Valkor £1m funding wouldn't come to stop an early raise, now due December

2, No Morocco news before raise even though they said they had a guy on site before Christmas ready, still waiting

3. fund raise was due early Q1 or before, not end of, or Q2

And at 6p, I thought it would be a big discount so too risky play... 50%

Yet many people bought, and kept trading it round 6p even though the company said a busy year would result in an early raise

Previous thread, discusses funding

https://www.lse.co.uk/ShareChat.html?ShareTicker=GOLD&share=GOLD.L&thread=E190A662-B4E3-40F0-9222-EC2205E0F32D

1 year well test......wow

Posted by blackgold00

Https://arapetroleum.co.tz/road-to-first-gas/

While the Tanzanian government works on constructing a pipeline to connect the Ntorya Gas Field to the existing Madimba Gas Processing Facility, APT is preparing for production.

In the initial phases of production, the Ntorya-2 well will be connected to the pipeline through a mobile well test facility and be put into an extended well test for perhaps a period of a year. The gas produced during this period will be fed into the pipeline and transmitted to the Madimba Gas Plant.

The Chikumbi-1 well will be drilled in the coming year to appraise the southern end of the gas field. Multiple gas bearing horizons are targeted with this well with an objective to put the well into Extended Well Test through the same facility used for NT-2.

Following the drilling of the CH-1 well, the rig will move to the Ntorya-1 well to reinstall a new completion suitable for gas production. With this workover activity, NT-1 will be connected to the same facility and very rapidly, production will ramp up to 60 MMScf/d with three wells feeding into the pipeline.While the Tanzanian government works on constructing a pipeline to connect the Ntorya Gas Field to the existing Madimba Gas Processing Facility, APT is preparing for production.

In the initial phases of production, the Ntorya-2 well will be connected to the pipeline through a mobile well test facility and be put into an extended well test for perhaps a period of a year. The gas produced during this period will be fed into the pipeline and transmitted to the Madimba Gas Plant.

The Chikumbi-1 well will be drilled in the coming year to appraise the southern end of the gas field. Multiple gas bearing horizons are targeted with this well with an objective to put the well into Extended Well Test through the same facility used for NT-2.

Following the drilling of the CH-1 well, the rig will move to the Ntorya-1 well to reinstall a new completion suitable for gas production. With this workover activity, NT-1 will be connected to the same facility and very rapidly, production will ramp up to 60 MMScf/d with three wells feeding into the pipeline.

@Fyoz, its all about getting the placing away, the company and the book runners getting it right,, ..

They stated the raise was oversubscribed but Fridays volumes and the amount of shares available near 3p suggests a big proportion were destined for the market not sticky hands.. No seasoned trader was gong to sell at those levels and the current potential..

The huge discount will have caught many making averaging down almost the only option, as if they simply hold will need the price to double back to 6p,

Such a discount so tempting for those on the side..

The retail offer, uncertainties about allocations, so another reason to buy now...

You must admit almost 200m vol, many buying low 3p, they have done a fantastic job, ...

@Dustofnations, Open offers to raise £1m were considered cost effective before, so why not now ?

An OO which includes all LTH, based on holding, while the share is hot, would be a fantastic opportunity to repay the risks they have taken, allowing them to see a valuation before committing... They could be banking a 33% profit selling at 4p to fund that purchase...

But that would induce some selling while the brokers are also off-loading placing shares into the market..

The lack of clarity to entitlement, is it 1st come 1st served, also helps off-loading as the most predictable outcome is to buy from the market,..

The chance the offer could close early also encourages buying from the market especially if your broker has not yet signed up

Those with the cash can buy from the market and fill the boots later, they include shareholders in the Company which may be, companies and other bodies corporate, partnerships, trusts, associations and other unincorporated organisations and includes persons who hold their shares in the Company directly or indirectly through a participating Intermediary).

@Muvver, You say you are eligible for 1m shares(£30k), so you know your allocation in advance ?

I agree with Foyz 100%....

Looks like the retail offer could be 1st come 1st served, ..... would it close early if they intended to share the allocation between all applicants.....

"Investors should note that Intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed."

Why are these reports talking just Helium when other gases were touted ?

https://www.proactiveinvestors.co.uk/companies/news/1064941/this-gets-us-all-the-way-to-production-says-helix-exploration-chair-after-5mln-equity-raise-1064941.html

The risk here is if the 2nd well turns out like heron 2....

Odd that the independent estimates 12.5 year life(Rudyard) with 6 wells, and Hex 12.5 years with 10, and almost double the revenue.. doubling the exploitation rate without any impact...

Just Rudyard assuming cash-flow £15m, what sort of MC would you expect...

Current MC £20m; 12.5 y life, NPV $78m @$500mcf

" Net Revenue $115.2m over 12.5-year life of field and peak sustained post-tax cash flow of $15-25 million per year using a flat helium price of $500/Mcf "

Thats why it seems relatively cheap, but with the wrong news could be expensive..

Twice now it has done +50% of the ML delay, somebody has doubled their money off that, in 4 months.. time flies

Big increase in volume Friday, looks like it bounced off 11.60p, the low before the 1st 50% blip

https://invst.ly/18lnbu

Still salting the roads regularly, fresh down overnight or this morning, was a frost, but birds water dish did'nt ice..

Rest of week lows are about 4c until Thursday?

My road has not looked dry since before the snow (3/4th Jan).. We had those few cold days around then, where birds dish ice up, thats been it,

Thats 3 weeks of daily spraying the underside of cars with corrosive salt water, even on dry days.. Must have picked up the salt on 3 for 2 tonnes offer..