Member Info for dai2belts

There have been a few well timed big trades, so I guess it could be good news in the morning, maybe Friday..

If so leaks proven...

If that happens, then that No Rig Friday RNS, odds on the privileged will have sold before, and bought back ready for Mondays Rig Arrival....

You can see the sellers getting cleaned out while getting paid over mid, , and the smart traders picking up on whats going on paying top price..

Ignore the time of the big trade, 1 min chart times are flaky..

https://invst.ly/129o1m

I cant decide if this is a pump or leak..

I guess if discovery is announce tomorrow its a leak, then we know the No Rig RNS was a set up to sell high and buy back low..

Thanks

EST....

I dont understand mineral results, so need to exit before the updates, and have seen Tro get in early as the price rise towards results..

Then look at He1, last moment rise and big trades, very questionable

Not many bought on that drilling update ?

MMmmmmmm, that explains the rise when that +400k sell should have quelled it....at least initially..

15-Nov-23 16:22:54 6.00 999,933 Unknown* 5.70 6.00 60.00k O

15-Nov-23 17:08:33 5.85 1,375,000 Unknown* 5.70 6.00 80.44k O

15-Nov-23 15:46:11 5.769 496,000 Unknown* 5.70 6.00 28.61k O

Could go higher tomorrow, suggests a leak,

Or a pump, to help clear the listed 10m converted options, announced the day after rig broke down..

Thats got me thinking, as they have said nothing really encouraging, x6 background(atmospheric) is just 0. 003%, DMs show 2%.

But does'nt mean they cant announce a show, but its unlikely to be commercial...

After the no rig update, I dont trust them but they are going to need to raise again, as they have been drilling since 25th September, almost 2 months.. So I guess thats the funds for Itumbula used up...They could announce a discovery no matter how good...

look at the volume increase from 15:45, when that 28k late trade is printed

https://invst.ly/129kwq

Whats everyone thinking.... ?

I need to learn to change with the wind, still at the stage where I keep saying, could have bought back cheaper, then when I do it goes up... So next time I hold, and it goes down....

But got 88e spot on, providing my buyback moves into profits..

How confident are you the results will be good?

somebody sold big, not so confident ?

15-Nov-23 11:07:19 1.905 2,742,884 Unknown* 1.90 2.00 52.25k O

EST

@PortFolioPower, my memory is shocking, sure I noted that somewhere, thats anytime soon..

Could be too close for spike,

Have you a position there ?

Mmmm, results yesterday too, reads well but BB seem mixed...

Are you considering buying ?

News suggests, there could be improved production by end of year..

"While we are encouraged with our initial output levels, we are focused on optimizing production across our portfolio including Cascadura, Coho and our legacy oil properties. These operations are anticipated to be completed by the end of the year and will provide Touchstone with a strong platform upon which to continue our growth in 2024."

https://www.lse.co.uk/news/TXP/touchstone-exploration-third-quarter-sales-and-production-grow-i19aaoolu4mxjp9.html

PortfolioPower, only mentioned UFO and its up 11%, and KDNC 4%

He1 16%, I did'nt expect the news, or the afternoon rise, but a sell off to low 5s

x6 atmospheric seems insignificant to DMs 2%..

I think thats 30ppm to 20,000ppm

@Horult, while sitting tight on he1, watching chart, I saw a £100 here, and there, then started thinking people are buying then selling and buying back.. I could be in there, and out...

Then I noticed how many 100k trades ticked the price up or down, so it was possible to better time entry, and exit..

One of the low volume days I probably accounted for 5-10% of the volume lol..

But I find, you need to be chart watching, and constantly counting that volume

Only problem is once you buy you are preparing to sell at a small profit, or jump near breakeven in those dips, missing the bigger gains, but I guess as experience builds you become more flexible..

But commission, I paid £32 today, and banked £130 on two trades, 1st I bailed near breakeven, to re-assess, end of the year that commission mounts up...so of £162 if commission free, broker received ~20%

Yesterday commission was about 20% of my pot..

I need to make bigger profits so the brokers get less ;)

@KevR, yep, needs something extra to get better odds.. and the spread tight, so the Bid moves up close with the Ask..

PREM had a 50% drop, so chances were good IF you got the low, plus traders will have been watching, and LTH averaging down( got that from PF).. but only thought of that after..just hope I remember for the next..and you need to act quickly before the traders move on..

Zphr, has a production test update due within 30 days., so some good news to speculate on..Messed up not buying at 2.59p

88e, missed that 0.25/0.30 opportunity, but that could take a few weeks..

HZM, might be worth watching the chart to get an idea of how its traded(He1 those 250k traders makes the difference, rather than 100k guys)

So Hzm, that has until mid December before money runs out ?

Maybe 2 or 3 weeks for a bounce, Mmm risky..

Not sure LTH will be averaging down, but the traders will be watching..

https://invst.ly/129je0

@Tro, thats about when I realised my chart was missing volume, and I could'nt buy, yet could see trades going through..

I wonder if those guys were submitting NT orders, maybe I should have tried it out.. but you cant set a limit..

https://invst.ly/129fqc

Appreciated the shout, especially before you read the update... :)

lol, the Earl, calling it a bluff, I could'nt believe it...

I stuck around for a little, but it was too risky, some talking AGM and placing..

Was hoping to grab another £100...

Fingers crossed GST, drops back to bid/ask 1.15/ 1.2 again, I think those placing shares are 1.1p...so maybe another morning sell off.. i bet they are getting sold high off, causing the low, and then being sold into the rise..

Seen a few 5m vol candles, when I struggle to shift 200k

Zphr, I missed out there, it was creeping down a little.. So i set up a chart to watch it...

In the corner of the screen, was checking the volume at a glance, naff all just baby trades :). Blooming chart was'nt showing any volume when I enlarged it..

When I realised at 2.7p, I could not buy.. There was a large order in..printed late...

Suddenly 2.85p to buy...

Could have bought sub 2.6p, sold 2.8p, £200 on 100k.. but I would have held at 2.6p..

But could have bought doubled, and sold half...

Was thinking Zphr is a fair bet to recover He1 losses..

Started looking at £100 gains, as they are often there.... when the price is moving or after a fall like Zphr and Prem,

Often you can exceed that target, so you set it as the minimum profit if you get there..

Once a week £5k/year

Two a week £10k/year

Once a day £25k/year

The other thing if your using between £1k -£5k to scalp £100, thats a fantastic return..

Seems crazy to use £3k, to grab £100, but if it looks odds on.. in and out of a dip..

If I bought Zphr, that was £200 today

I managed to fish £130 in the morning from GST, 1st trade lost £7, 2nd gained £137.( chart printed 2 trades, 1 real, 1 zero vol, but I thought bid had dropped so sold as I had a higher price quote counting down)

These charts seem flaky...when volumes are low...

@KevR, so I have caught you not reading my many posts lol....

Posted late last night for you.....;)

I was hanging on all day for it to go 0.25/0.30, but again, it was behaving odd, creeping up on little volume, in the end I bought at 0.312, just about placing price....

Cant grumble, managed to by back £700 cheaper

So friday $1.25m worth at 0.31.....so I think those selling have been banking on it going sub placing price...

======================================================

88e. Namibia

So I guess 88e are issuing shares which the partners will need to sell to convert to cash...

Checked out Scotts post, so 2 placings to cover 2nd and 3rd installments, works out at ~Aud0.006, or 0.31p

17/11/2023, 322,147,513

15/12/2023, 322,147,513



2nd instalment : US$1.25 million to be paid in 88 Energy shares on signing for part payment of the 2D seismic carry

3rd instalment: US$1.25 million to be paid in 88 Energy shares upon approval of the Licence working interest transfer by the Namibian government expected within 30-60 days, as a further payment in relation to the 2D seismic program carry;

Did.nt see a mention of how many would be listed on AIM vs Asx..

I wonder if its just ASX, can they do that ?

He1, push, there was a +400k sell at the breakout, should have killed it, but the bid kept climbing, only thing I can see from then on is 3x 250k buys, and a 360k buy,another 250k, another,,, so they are a lot larger than the 150k sellers...... why are they buying, so close to results...

Odd I was expecting a fall last 20 minutes...

If this turns out discovery then they must have been holding info back...

Did some research, usually background levels are against whats in the ground not atmosphere..

x6, is nothing, just double nobles... So Jason is doing a DM, not sure about Lorna, she is just saying what is without any context,, that can be taken a number of ways..

RRR BB , slating that RNS, a misleading :(

Mmmmmm, people not see it or its not that good..

spread 0.17/0.18, 0.1718 to buy 1m, maybe 15 trade,

1m chart not showing any volume, so could be padded intervals, no trade...

just got volume, sellers....

life there now ... maybe spoke to soon

I dont understand why some stocks show a true spread, then 88e use the same set of figures regardless, and fleece the traders who pay full Ask or Bid