Member Info for Dan1605

It's down to the state of the market. I've been in the markets for just shy of 18 years and the last three years have been some of the toughest conditions I've seen with regards to volume, fund raising and investor mentality. Punters (because that's what we are now days) do not want to invest, they want a quick return on a every purchase. They (the herd) will turn up here when the volume increases and then sell when it drops off, the majority lose. Matching the trades over the last few sessions never fails to amaze, most hold for less than a session, the average is just a few hours. Punters would rather risk buying on a 100% rise in the hope of making 100% rather than buying whilst it's quiet and making 200%.

Trying to trade this so close to flow rates dropping would be foolish imo but it just about sums up the Junior markets. Extraction willing to take stock at 1.5p is a huge vote of confidence. Align have to exercise warrants which puts cash in the bank, a very clever way for Extraction to inject cash into the company without buying directly from the company.

That should have read "but the UT Trade was 0.83"

The spread was 0.725 but the Trade was 0.83. The UT is a red herring, it will open Monday at 0.725 providing there is no news.

This last RNS certainly makes your theory plausible Breq.

The biggest clue will be the volume increasing, there is always somebody in the know in this market.

I Agree ART. I've been involved (invested) in many drills over the years and the average time for testing has been two weeks, this in generally inline with information I've found online, in fact some state around a week. What we don't know is, when the testing actually started, I would assume 9-11th Feb.

You're tyring too hard, it's starting to look pathetic.

We're about to break the 200day moving average, something we haven't didn't since December 2022.

NFTs - you clearly have an agenda here. I'm not a holder but it's blindingly obvious what your game is - placing below 0.15, jog on.

We're sat right on the resistance point, we can't afford for volume to start drying up.

The journey here since these guys came on board has been impressive, it would be nice to have something to show for it, for us and them.

Hi Ed,

Thank you very much for your informative reply! I've been in the markets for 18 years (sigh) and sat through many drills. I don't recall ever witnessing a situation where a well didn't flow after getting positive results from the drill but I understand that it does happen. The drilling results were some of the best I've seen in a long time and the reason I've haven't sold a single share. News on the Mambare Nickel/Cobalt Interest would certainly bolster things in the interim, it looks like the 45 day period started on the 8th Dec after the General Meeting which means it's well overdue, unless I'm reading it wrong.

Syntax error, caused by a bit of dodgy code during an update.

Thanks Ed for your informative posts, it is greatly appreciated.

A lot has been said about the possibilities here but in terms of COS based on what we already know are we able to represent this has a percentage? In your opinion what are the chances of these two wells producing any flow?

Apologies if this comes across has having a gun against your head, this is absolutely not intended.

Thanks again

Interestingly, they've sold 32m bottles in the last two years which begs the question just how slim are the margins to make a gross profit of just 53k.

Haythorpe took the sp from 1 to 0.2, other than that he did nothing. Queensland was already on the radar before he got involved. In my opinion he didn't have the time and was too commited elsewhere, the question was being asked very early one why somebody of his calibre would get involved with a junior explorer with no cash. We'll never know the answer but I'm guessing it was all about Hurricane. Anyway what's done is done, he's cost us all a fortune but hopefully provided us all with an opportunity.

I don't think the drop has anything to do with the release of the interview Mental, these guys haven't put a foot wrong since coming onboard and I don't think the market can expect anything more than what they've delivered. The drop is down to traders, or trader who has been playing the ranges for months.

MW and NT must be feeling pretty peed off at the moment, nothing but progress and good news and it's back at 0.22. Let's not forget that these guys are getting paid in shares, not that they'll be planning to sell anytime soon.

Any serious buyer would surely take out the whole company and not mess about with subsidiaries, if they wait until the end of March (highest price paid in 12 months) they could in theory have the lot for £8m.

The MM are happy to pick up stock at 0.27, suggests a few big buy orders to drop in after hours or a run up above 0.30 over the nest few sessions.