Member Info for dai2belts

Thats forward selling, that thing a few like to argue does'nt happen

When they are making hay I bet the rules are grey, and sometimes the funder, book runner, MM, and even NOMAD work for the same firm......

The chart gives me the impression the price is being held at 1st glance

Typos

He1, yes there could be a big trade if thats the goal of the CLN funders...

At the moment the conversion dilution is supporting the MC its going to take something to push the Mcap below £20m, historically its rallied above £80m, even £100m a few times..

Now the Mcap is holding near £20m, while share price is getting a beating,,,

A conversion announcement was expected Tuesday, its not happened, yesterday the price dropped then recover, this morning its look like it might be being held..

If they announce a conversion for today then it will be at a 16% premium to current price.. If 0.3p is resistance until next Wednesday , maybe Tuesday then there will be a 20% discount, and the conversion price could drop to ~0.25p, depending on how many is remaining it could then go either way..

but at the moment if there is a conversion at a premium then a rise could follow rather than continue trending down but that could just be a bounce depending on ?...but also the market could forward play the premium and bounces before conversion... who knows

today is a thriller....

He1, yes there could be a big trade if thats the goal of the CLN funders...

At the moment the conversion dilution is supporting the MC its going to take something to push the Mcap below £20m, historically its rallied above £80m, even £100m a few times..

Now the Mcap is holding near £20m, while share price is getting a beating,,,

A conversion announcement was expected Tuesday, its not happened, yesterday the price dropped then recover, the morning its look like it might be being held..

If they announce a conversion for today then it will be at a 16% premium to current price.. If 0.3p is resistance until next Wednesday , maybe Tuesday then then will be a 20% discount, and the conversion price could drop to ~0.25p, depending on how many is remaining it could then go either way..

but at the moment if there is a conversion at a premium then a rise could follow rather than continue trending down but that could just be a bounce depending on ?... could be the market forward plays the premium and bounces before conversion...

today is a thriller....

If it recovers they get less shares, so they could convert at a premium today and then let the recovery happen or they can wait and see if 0.3 is resistance fr a few more days and aim for that 20% discount ..

Place your bets ;)

Which company ?

If they announce conversion today the price will be at a premium, maybe 15%, if 0.3 holds until mid next week 0.25p is a possibility

Well , gogs thats the 1st time I have noticed a full page of trades all at the same time

A couple of traders posted the idea of selling half and saved me from getting wiped out when Minch worked the get out of jail card for the II on the first Tai drill...

That time when they told the market they were drilling again to test an untested zone,,,after saying the only reason why it wasn't a discovery was because of the wash out... they moved the rig something like 20 paces, and within days stopped drilling saying they pinched out(missed).. Well it took as long to just to set the surface casing the 1st time....

They know they have the knowledge, tools and backing to profit from loaning the £10m, and in time to support the next funding if they like the risks

Well seeing as you were about at 8p, means you probably got had by the 72% placing like myself, and were being caught by this CLN.. So thought a few ideas to get your money back was worth mentioning , but its all ifs... and timing and not holding once you make your money,,,or at least taking your original investment off the table,,

the original investment, if you strongly believe in the upside you can put extra in at the lowest risk point, say it doubles then you take back half, then decide on taking profits and buying back dips ,,,

250k you told the BB :)

An extra £250..

@Davey, if the price gets lower enough that could be your opportunity to get your money back, or most of it..

if you had say 250k shares at 2.1p, that £5250, now £750, if the price reaches 1p, £2500., half back...

if the market cap reaches £10m, say with £10bn shares, 0.1p there is a chance of a rally on historical form to MC 80-£100m, thats a 10 bagger if very lucky ,, at 1p £250 gets you £2500, all back..

if this bottoms at MC £20m then maybe 4-5 bags to MC £100m(if)....then maybe £500 will get £2000, most back

Then there will be the next funding round, so take what ever you recover, wait for the low, and this time turn a profit.. might take a year or two...

I got caught with that 72% discounted placing, made some back on the recovery, played the last Itumbula phase re-entering after the funding , and now waiting for the CLN bottom.. If I catch it I will take another position, if I miss it maybe next time..

All easier said than done..

Vwap, if they hold off to mid next week, and price stays below or at 0.3p, next conversion is likely 0.25p

Thanks Blubay, well they they tried presenting a particular Junes plush financials figures at an AGM, when in reality they were broke after drilling Tai3, cant trust without seeing the documents

Gazelle just prospective 3m oil zone vs Herons 12m

Which was the primary target...

Duster

Gazelle-1 The Gazelle-1 well has been drilled with the DQE Rig 40105 to a total depth of 2550 metres and wireline logging has been completed. The Lower Tsagaantsav reservoir objective was encountered at 2280 metres, 20 metres deeper than the pre-drill prognosis. The interval penetrated was shale dominated and no hydrocarbon pay was identified on the logs.

Would need to be a gusher for 3m to work commercially

In the Upper Tsagaantsav reservoir objective, good wet gas shows were recorded throughout a predominantly shale prone section. 3 metres of net oil pay in good quality sandstone have been defined on the logs

I wonder if the casing is part of sealing the surrounding formation from the hole, before capping and abandoning ?

Casing is now being run on Gazelle-1 and the well will be suspended pending further evaluation.

This seems to suggest missing , pinch out... or just talking up poor outcome

The Company's pre-drill interpretation of this area highlighted the possibility for a 'pinch-out' of the Lower and Upper Tsagaantsav sands, which could set up potentially material stratigraphic traps in the southern extension of the Tamsag Basin. The Gazelle-1 information will help better define these traps and their potential size within Block XX.

Its as if they are delaying Heron, unless Gobi is likely to flow enough to significantly add to production... How far away is gobi from Heron ?

@Bluebay, do you a link to He1's doc with the costs of producing exsolved helium ?

Keep some dry powder, if this stays flat, vwap of 0.3p or below until mid next week the can convert near 0.25p, 400m shares for £1m...

£10k gets you 4m, remember when £10k got us 100k

@No1, you haven't been buying with another +£7m to convert...

I bet there are a load of suits betting a few grand each where the bottom will be

Unfortunately looks like Pat got shaken out, but it should work out for him

Take a look, there is a pattern to successfully trade the downtrend if your not greedy and have a very good broker, live data and glued to the chart or using automation to trade.. I am waiting for the bottom, 0.1p will be unbelievable , sub 0,2p fair game, not sure about 0.25p will have to check market cap

https://invst.ly/1ca59w