RE: Trades12 May 2020 23:57
Floppy not seen regular 50/100 trades not to say they did not happen, reason I stayed in after scam
Worst case imo sell an asset 276,310, Otakikpo or the lot as long as can get a buyer ie: Seplat/Addax
Oktakipo as you know was to be transformational next lift was due 4-6weeks From 27th Jan, Jan lift $7M.
No recent news on : that Lift or , new CFO, scam update , JV Oktakipo increased production , or funding , or much from the new NED’s, Survey vessel , but LEK paid 2M for 310 which was LEK priority in the latest RNS and have a strong relationship with Optimum, makes me think are they involved more.
Plan was to take the Afren payment by LEk into consideration on farm in after dropping the dispute with the Nigerian government on 310.
Lekan Akinyanmi, LEKOIL's CEO, commented, "We have kept our commitments on our world class asset, OPL 310, despite the detrimental effects of the COVID-19 pandemic on the global economy and the subsequent fall in oil price. With the implementation of our cost reduction measures, we believe we are in a good position to navigate this challenging period.
Lekan imo will be wanting a return on his shares and keeping his $1M pa salary , unless a hostile.
Shame he did not announce a pay cut and save jobs as the CEO,
And then we have these late trades which are not insignificant , thinking out aloud
spreadex TR1 hopefully out as we had some large trades about a month ago after their TR1 under 3% assume trades were Spreadex , unless it is still on going , but more has been sold in value.
The other consideration is a high percentage of shares are in BOD/ii hands so unless one is selling but who is accumulating and would be easier surely to do an off book transaction between parties ?
Other options hostile accumulation , no share price fluctuation ? Where are the shares coming from, why no fluctuation
No FCA short positions over 0.1% actually surprised me, not being lended to suppress any rise , like at another of my favs Metro bank
No Director buys . this year when they could have had if conditions allowed eg price sensitive
Unless the MM took a huge amount of shares on the scam drop, not sure they would be allowed due to risk management also who is buying them if that is the case
So what I am trying to say is who knows where these magical shares are coming from and why the SP
does not deviate haha
Know there are some very long term holders on here
who may have some ideas ..most welcomed by me
Anyway good luck all , keep safe , fingers crossed ,
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