Member Info for dai2belts

@Swissy, what did you decide ?

Its back to my original buy in price...

We can stick to racing caterpillars..

I just read that, let's hope Monday Tro is upgrading to a brand new 911

@SC, fingers crossed testing proves up that well,..

@SC, they haven't found anything yet.. shows of x20 Bg(if atmospheric as Tai-C) is just 0.01% Helium.

Tai-1 they had a show of 2.2% persisting at 1.1%, and that was abandoned ..

Its a pump..

I lied there was an open offer on the former through a cash box, only a few brokers were invited, and within a couple of hours it closed.. So most missed it..

Trouble is with investing in shares the value goes up and down, and AIM is the Wild West were companies can raise time and time again.. There are rules and limits, and ways around them. So makes holding a bad idea, and its been expensive learning that... So you are best selling some with the smart money, and buying back lower, but all easier said than done...

He1 is real example of the worst case....

The LTH just got slaughtered, only for the traders to 10 bag as the CEO suddenly changed tune to ramper..

He1 showed there are no limits.

The previous raise, most LTH believed a vote would be required, but the company got around that so the LTH were taken by surprise, taking a hit to their full holdings, never an open offer..

The latest raise, within a few months was announced to market 3 weeks early, so the selling started. But after initially claiming they were fully funded for the next phase, the announcement suggested the raise was a top up..So the LTH held . The company was believed to be limited ~1/3 of shares in issue as agreed at the AGM, they got around that issuing almost 3x the shares in issue at a 72% discount.. No top up, but the full amount, they had blown most of the money..

From 900m shares to over 3bn, 3p at time of announcement to 0.25p on placing.. then it x10 bagged, pumped probably

Luckily QED are nothing like that...

@Cityfile, you will have to google it... Trade executed as an SI..

My understanding could be wrong without a few good examples, those explanations are aimed at trading professionals..

But one example given was the MM trading their own accounts shares for profit rather than commission, but could be for clients too... But now I see a 99p trade and SI, I think they are just creating volume, maybe

@Vince, I bought some on the open offer, not to keep but support the company, sold them later 85% return, but it did look a bad move when the price hit that low...

They are tricky to work out, especially when they throw a buy in at full ask for peanuts just before..

But if you look at this trade info, its an SI...That maybe the MM trading its own account, for themselves or a client?

02-Feb-24 11:18:24 2.30 375 Buy* 2.25 2.30 8.63 O

@SC, Don't forget the discount

If I recall correctly the last funding was announced at 1.9p, price at 1.25p, so +50% required to break even at 1.9p

That investment bought, so fingers crossed its a buyout, and you get more than you paid....

@KevR. Thing is the could also be with holding info..

You would assume x20 was the highest value recorded, but they talk about the fault separately.. They drilled through the faults as they progresses through the formations, but its not worded that way... So the faulted zone( was two ?) is not included in the x20 sentence..

I have put the faulted zone before...

"Elevated readings and an increased frequency of helium shows were encountered whilst drilling through the faulted zone."

"The well encountered elevated helium shows, over 20x above background, whilst drilling through the Lake Beds Formation, Red Sandstone Group, Karoo and Basement targets. "

Original

"The well encountered elevated helium shows, over 20x above background, whilst drilling through the Lake Beds Formation, Red Sandstone Group, Karoo and Basement targets. Elevated readings and an increased frequency of helium shows were encountered whilst drilling through the faulted zone."

Reads differently doesn't it..

Sure they have done similar before, mixing up

Well they did similar with the funding..

They talked about the costing exercise and how it made them aware they May need Contingency funding to ensure they could Complete the well After Spud..

Then followed with..

Having completed the costing exercise, the Company has identified a need for additional funds "before" Itumbula can be drilled.

Obviously you don't start drilling unless you have the funds to complete... So makes sense to relate the two..

They started painting a picture(funds to ensure completion), although the costing exercise was the past. Being completed they knew they couldn't afford to start, but still talked about post spud funding ..

Much the same when they talked about Junes cash balance at the AGM, , irrelevant as it was gone..

TOM probably due funding, so some forward selling related funding,, synical

@Swissy, 1st hours trading, those little trades, MM own account, this can be to profit or for a client..

Been reading up, but as usual its all confusing... So wondering if the MM is creating the impression of buying or offer clients commission free trading, or something ?

SI Trading own account

02-Feb-24 09:28:56 2.2864 85,522 Sell* 2.25 2.58 1,955 O

02-Feb-24 09:07:57 2.3985 20,680 Sell* 2.25 2.58 496.01 O

02-Feb-24 08:31:12 2.3888 55,000 Sell* 2.25 2.58 1,314 O

02-Feb-24 08:00:20 2.58 38 Buy* 2.25 2.58 0.98 O SI

02-Feb-24 08:00:20 2.58 38 Buy* 2.25 2.58 0.98 O SI

02-Feb-24 08:00:20 2.58 77 Buy* 2.25 2.58 1.99 O SI

02-Feb-24 08:00:20 2.58 297 Unknown* 2.25 2.58 7.66 O SI

02-Feb-24 08:00:20 2.58 116 Buy* 2.25 2.58 2.99 O SI

02-Feb-24 08:00:20 2.58 77 Buy* 2.25 2.58 1.99 O SI

Voluntary Arrangement for viable companies..

https://www.companyrescue.co.uk/guides-knowledge/what-is/what-is-a-cva-or-company-voluntary-arrangement/?gclid=EAIaIQobChMIw_mF17CMhAMVPZlQBh1LUw24EAAYAiAAEgLTTvD_BwE

On the leaders board +50% :)

So we need to cross reference Horults Gaps with Tro's cbnc ?

@Deep, I was looking at the He1 BB, it was giving me FOMO lol...

But I had another read of the last RNS, definitely some word play going on...

You don't know where the x20 occurred as they mention all formations in the same sentence. Then later they mention x20 along with formations either side of fault in same paragraph but the fault is in a different sentence. Although that fault is said to be the source of the prolific seeps it has elevated levels, doesn't mention x20.. Could be lots more of course...

How did you spot super dry just before it moved ?

MMMmm, poor memory lol... okay seen it once

I have Vox and London Stock Ex up, refreshing both, neither list looks the same, different order,

Looks like both miss some, but Vox has the longer list, missing TIG and CTA showing on other.. But they are on the companies pageant Vox