RE: All out next week3 Jun 2019 00:37
Yanis, in regards to your 'three logical possibilities' for the sp drop :
- A leak of bad news, not public knowledge yet.
*** I don't think there is any bad news, we just isolated successfully the water zone in Brockham and about to flow test the well, Balcombe flow testing will begin in Aug/Sept if we get the regulators approval in June, about to close Saltfleetby gas deal which according to Lucan should double the sp and most importantly we now have over 3 million pounds in the bank ...........As I said earlier today, Angus must have presented solid evidence and great progress plan to convince investors to pay the £3M quid.
- Shorting on a large scale by chancers who either have inside info or will be forced to cover If positive news hits.
*** I think some shorting going on, not based on inside info though. They are dragging the sp down on small volumes then buying the floating shares (from bored holders/traders) to cover - last week we had a £117K buy at 3.6sp and several £30K buys on a single day.
- Shorting by MMs followed with a placing to close (if this happens I would be straight to the FCA with no delay).
***According to Lucan, Angus wont do placing anytime soon : https://streamable.com/jwck4