Member Info for dai2belts

No 5m trader

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18-Mar-24 08:32:48 0.3218 2,173,415 Buy* 0.31 0.33 6,994 O

18-Mar-24 08:32:22 0.32 1,000,000 Buy* 0.31 0.32 3,200 O

18-Mar-24 08:32:19 0.32 600,000 Buy* 0.31 0.32 1,920 O

18-Mar-24 08:32:05 0.3199 1,000,000 Buy* 0.31 0.32 3,199 O

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18-Mar-24 08:27:41 0.31455 1,341,040 Sell* 0.31 0.32 4,218 O

18-Mar-24 08:27:40 0.3188 1,500,000 Buy* 0.31 0.32 4,782 O

18-Mar-24 08:27:28 0.315 1,000,000 Unknown* 0.31 0.32 3,150 O

18-Mar-24 08:27:11 0.31455 1,000,000 Sell* 0.31 0.32 3,146 O

18-Mar-24 08:27:04 0.31455 565,365 Sell* 0.31 0.32 1,778 O

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88e, I see two 5m vol candles 08:27, and 08:32 each side of the dip to 0.311

https://invst.ly/140tpm

@digitalman, licences have annual costs, look in the financials. He1 also mentioned they had created the latest holding company to assign the new Eyasi licences

@TheToe, they have a lot of licences, there are costs involved with those, leases and work commitments(spending) although drilling and EWT meets at least the later..

So far all the drills with the owned rig have required raises equal to the cost we were given for a hired tower rig, but with the issues they have costed a lot more

Its sarcasm to the previous cost savings

@Joe, your missing something though...

By not drilling Q2 they have saved roughly $6m, plus you can add another $1m for not having to mobilise a rig from Tunisia, so that's $7m..

If they can do the EWT back to back with deepening Tai 3 there is another $4m..

So only need contingency funding to ensure completion of EWT after starting,

Is that the line

The lower the price the greater the upside, so its advantageous for the smart money to drop the price as much as possible before news starts to flow...

2.5p to 3p 20%

2p to 3p 50%

1.5p to 3p 100%

1p to 3p 300%

0.8p tp 3.2p 400%

trading a 50% gain once a year over the last 10 years, reinvesting, starting with £10k would be worth £576650

There has been a 100% and 400% gain since the last raise..

Makes you think those shouting hold and top up could be the the guys trading, allowing them time to sell as they need the volume to off load into ?

Swissy's girl is the trader ;)

I thought 88e was not going to spark into life, and was preparing for a loss.. But it moved on Wednesday, and then again Thursday,..... well FOMO Friday was also day 3 of Horults 3 day rule...

that 5m buyer got spiked buying just after the short lived gap up, end of day...

So tomorrow being day 4, anybodies guess,....

Might be good to go again so will have harts primed for 8 am

I took a look back through the updates to see why I was expecting the insurance payout before drilling

15th December

....................

"As previously announced, the substantial majority of the cost of the redrill is expected to be "FUNDED" by Zephyr's comprehensive well control insurance policy."

https://www.lse.co.uk/rns/ZPHR/operational-update-3lm1of1qy2xthhl.html

8th Feb onwards (Recover as opposed to funded)

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"The Company retains full well control insurance and expects to recover substantially ALL costs associated with the redrill."

March 11th

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The Company retains full well control insurance and expects to recover a substantial MAJORITY of the costs associated with the redrill.

But even after recovering costs you can argue it funded the drill, or could you, I guess you could if you took out a loan and repaid it with the insurance payout

This chart is interesting, especially as the share keeps making new lows before making good gains, and Goldman is likely trading it down, then selling high...

Each climb the average volume is higher, just like Tro pointed out with BCE,

https://www.lse.co.uk/ShareChart.html?sharechart=CNE&share=Capricorn-Energy-PLC

BCE, the last two trades 0.5 are charted at 0.525, the closing share prices(mid), not something I have noticed before...

15-Mar-24 16:09:53 0.05 100,000,000 Unknown* 0.05 0.055 50.00k O

15-Mar-24 16:39:27 0.05 50,000,000 Sell* 0.05 0.055 25.00k O

https://tvc-invdn-com.investing.com/data/tvc_d02f680a209fa770ca712b7c0a790976.png

I wonder how it will open tomorrow,....

Its people accepting the prices the MM offer, and the tendency is for them to drop the price on little volume, a really insignificant volume compared to what's being held in tight hands

@Tro, MM playing with the spread, at 1st glance BCE is up 16% so first thoughts best buy before goes higher... then looking closer its not moved, unless those big 0.5 trades really are sells, but the MM would get zero commission as I could buy at 0.5,,

But if one of the MM is the placing broker it could be them just flipping, happy with the placing fee...

who knows ?

88e MM were holding the bid Friday for lengthy periods while you could buy at bid, so at 1st glance everybody is selling. That probably had a few people selling before the price dropped, though it would climb again if the majority were buying.. Really difficult to judge which way its going when they do that..

@Swissy, giving notice of a raise Mmmmmmmm ...

Best send them an email and complain, let them know that only leads to selling :)

QED, 1.5p now, still don't understand why they didn't raise +2p, makes me think they are hoping some news is coming, but it needs 100% to clip 3p again... So should have raised mid 2s

Mmmm. BCE. showing +16% on high volume, all happened last 30 minutes of Friday

https://invst.ly/140g9n

But actual prices paid suggests no real change, ? Monday to watch... twitching ?

15-Mar-24 16:09:53 0.05 100,000,000 Unknown* 0.05 0.055 50.00k O

15-Mar-24 16:39:27 0.05 50,000,000 Sell* 0.05 0.055 25.00k O

15-Mar-24 16:26:44 0.0501 251,940 Sell* 0.05 0.055 126.22 O

15-Mar-24 16:11:20 0.05 10,000,000 Buy* 0.045 0.05 5,000 O

15-Mar-24 16:08:36 0.05 50,000,000 Buy* 0.045 0.05 25.00k O

15-Mar-24 16:02:04 0.05 50,000,000 Buy* 0.045 0.05 25.00k O

Https://www.lse.co.uk/ShareChart.html?sharechart=BCE&share=Beacon-Energy

13th March, low volume candle , and the price falls probably to encourage buyers to flip the shares...

@Swissy at $750k/m that 4m, will last about 6 months, so June ish...

Next raise would probably need planning to be in motion a couple of months before,, so good news April and raise to follow maybe.. ??

I wonder how long it takes to sort these raises out.. I know there is a few days where they approach potential investors without naming the company.. I believe that's when we get those leaky trades.. Those who guess(know) and sell while accepting the offer..

He1 that was done in a few weeks at a 72% discount

5th Dec 2023 7:00 am RNS Company update(funding highlighted)

20th Dec 2023 5:28 pm RNS Proposed Placing of a minimum of £5.8 million

Doomsters, if they have been calling it right they will have multi-bagged numerous times over the years..

Last year saw the price climb from around a penny to +2p just before raise was announced, so some doubled their money only shortly after to be offered another 1.25-0.8p entry which then peaked +3p from the low..

For some reason this shares doesn't hold a steady floor it just keeps drifting lower

Lol, I. can't remember the day before ;)

I have my name written on the bathroom mirror as I keep forgetting to get it tattooed on my chest..