Member Info for danawinner

I tried to throw caution to the wind on oil futures last night.
At 11 pm it romped up so quickly that the potential gain versus liability just wasn't worth the risk.
Decided that I have got enough exposure to oilies with TXP and RRE and we should do well today.
GLA

Gunfish, do you seriously think that they will only work this 5 days per week? I don't think that Covid-19 takes weekends off any more than the Intensive Care nurses do.
No, this will be running 24/7, 365 per year until testing is no longer needed.
Don'y forget that the machine is costing £10 million, and Covid testing won't last forever, hopefully.
I don't think that the Phlebotomy will cost a penny - the NHS will be sending the samples to the lab, after they have taken them.
Quotient needs Orph, as they are one of the few companies with the right staff and experience. The fact that the lab is in London means that this will be a dripping roast for a couple of years imho.
I can easily see Orph setting up labs in Manchester and Birmingham - we will see.
Another blue day tomorrow, a good week ahead.

Bath01 you are right.
However, I think that the political rhetoric is so overhyped at the moment that the Government will 'pay whatever it takes' in order to secure the additional testing numbers. It is almost a monopolistic situation, so if I were negotiating I would probably set the ball rolling at £100 per test and see where it gets to.
Quotien said each serological screening machine has capacity for up to 3,000 tests a day and produces results in 35 minutes with 99.8% accuracy.
OK so let's assume that it's £10 net contribution per test, that's £30,000 per day, or £900,000 net profit per month. Nice.
If it works well, then I can see another machine or two coming onstream pretty quickly.
Here's hoping.

55018, in their last RNS they stated that they held 15,846,250 shares which is 8.64% of the 183,489,395 shares in issue.
If they drop below 8% they will have to release a TR1.
8% is 14,679,152 shares.
Therefore they would have to sell more than 1,167,098 shares to cross the threshold.
That sort of volume can only be sold into the market when there is substantial interest following a bit of good news.
That's what holds the SP back when we get great news and they sell into it.
Chances are that they will continue to sell when we get the Cascadura reserves RNS in the next week or two.
Let's hope that the reserves are sufficient to make a quantum leap in the Net Asset Value per share, making us so ludicrously undervalued that the SP cannot be held back by selling.
Let's hope that we hit King Ghidorah with the Chinook drill. That's currently the biggest monster, apparently.
King Ghidorah is 150 metres tall with a 175 metre wingspan and weighs 70,000 tons. Puny in comparison.

David, I share your view that it would be nice to see the back of North Energy.
I regret to advise that as of 6th May they held 15,846,250 shares, and that they have not released a TR1 since notifying that they had slipped below the next percentage point threshold.
A bit of a shame. The best thing would be for one of us to win the lottery and take them out, wholesale.
I would if I could.

If we have an uncrossing trade I think it may reveal where the momentum lies.
I suspect that it will be quite a big one, and may be higher than where we are.

Incredibly small spread.
35.8 p to buy
35.58 p to sell
Unusual for a small AIM lister.

I think that the real spread is very tight for the best of reasons, which is I believe that a nice big chunky order is being filled.
What would really set the heather alight is the introduction of a new Institutional Investor.
It is such a shame that they are fighting shy of hydrocarbons in order to play the Green Card.
Here's and idea for you.
How about a new 'Unethical fund'.
Only investing in Oil and gas, gambling, cannabis, tobacco, palm oil, blood diamonds, I think that it would do very well.
Getting it past Warren Buffett might be a bit tricky.

Shellguy, this is indeed an excellent find - superb research.
The shorter must be shirting himself.
If you consider that the TSX trading volume is generally 300,000 to 400,000 per day, unless they can find a volume seller to do an off-market deal, the SP will rocket. Chances are that they will do a deal with the share lender, but it will really hurt.
I think that short will disappear over the next fortnight. Burrrrrnnnnn........

Alfa, I am pleased to report that I have seen the error of my ways on the spread-betting.
My exposure of £347 has now been closed.
Date/Time
Market
Size
Opening
Closing
Profit/Loss
15/05/20 08:53
Touchstone Exploration Inc (LSE)
+45
32.08
35.41
£149.85 profit on an exposure of £347. That's the sort of return on capital in a day that I like.
You can now rest easy.

There she goes! Up you go my beauty.
Not going to get into the closing price discussion, but I can see a very positive day.

Dummy trades show 34.15 to sell and 34.45 to buy.
MMs manipulating a nice buy order, I suspect.
As always, time will tell.

Thanks Alfa, wise advice, and I am very wary of these things and steer clear of many things - I won't even take a paracetamol.
Limiting my exposure to £500 is within my comfort zone really, and I have a guaranteed stop loss on it at 27 pence. Only up £37.80 so far, but it has a long way to run! £45 per point looks good to me for a very limited exposure.
I shall watch it with interest., and try to avoid things like currency deals.
Gold looks pretty attractive as a commodity play, it hasn't moved much considering the turmoil in stock markets imho.

Thanks for the advice Spawny - I am in at a very low stake level of £500.
My first trade wasn't very good - I made £15 on the day.
I am as confident as I can be with this trade, in at 32 pence and a current dummy sell shows 33 pence to sell, and whilst we all know that there is no such thing as a one way bet, as my contract is open until September, I certainly hope that we will be well above 32 pence by then!

I am at a complete loss as to why we are top of the losers board.
The results were in line with expectations and included a couple of bits of very good news.
Ah well, when life gives you lemons, take the chance to open a spread bet from a low base.
I was about to place it and the buy price jumped from 30 pence to 32 pence in a flash.
Now I have bought in on a September contract I hope that we will get back to the upward trend. I am new to spread betting so it is a bit of a learning curve for me.

The data logs have been retrieved and tie-in contract for Coho 1.

We have negotiated a contract with a local construction firm to tie in the Coho-1 well, with operations expected to commence once government-imposed restrictions are lifted.

· Subsequent to quarter end, Touchstone entered into a framework agreement with the National Gas Company of Trinidad and Tobago and Heritage Petroleum Company Limited for the development, sale and purchase of natural gas and natural gas liquids produced from the Ortoire block.

· On May 13, 2020 we retrieved the downhole pressure recorder from the Cascadura-1ST1 well. The reservoir data will be interpreted internally and by our independent reserves evaluator, and we expect to release the results prior to the end of May 2020.

· Subsequent to the drilling of Chinook-1, we are currently reviewing the option of drilling a second deeper exploration well on the Cascadura field ahead of the previously planned Royston location in order to mitigate possible delays in the construction of the access road and fulfill our drilling obligations under the Ortoire licence.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TXP/14539444.html

Lonestag, on the contrary, the old adage of Let your profits run, and cut your losses applies to TXP more than any share that I know.
If you know of a better one, please advise?!
We are heading for what I hope will be an avalanche of really good news, and expect the SP to hit £1 easily, by the end of the year.
News to come;-
1. Update on massive Cascadura reserves once the data loggers are out and analysed.
2. Mobilisation of rig to Chinook.
3. Spudding of Chinook.
4. Deal arranged with NGC and Heritage on infrastructure and pre-sales at a thumpingly good price rate.
5. VAT refund. https://home.kpmg/content/dam/kpmg/us/pdf/2020/04/tnf-trinidad2-apr2-2020.pdf
6. Chinook drill hitting so much oil and gas that it is far bigger than Cascadura.
7. Major oil companies taking an interest in TXP or individual assets

All and any of these should have a positive impact on the SP.

I suggest that you have a look at your holdings and compare the potential upside on them with TXP, and dyor to decide if you want to be ahead of the pack and increase here.
The upward move is only just beginning, I believe that we will accelerate once we start getting further up the leader boards, and nothing succeeds like success.
I will be surprised if we don't hit 50 pence by the end of the month, but time will tell.
GLA

The race update is
RRE 970 Pence
TXP 34 Pence

1 Jan 2020
RRE 1870
TXP 22,25

RRE 53%
TXP 152.7%

TXP ROMPING AHEAD!!!

The race update is
RRE 970 Pence
TXP 34 Pence

1 Jan 2020
RRE 1870
TXP 22,25

RRE 53%
TXP 152.7%

TXP ROMPING AHEAD!!!