Just going off the info on IG . 93% are long...3 to 1 buys and yet a supressed SP.
The SP doesnt make much sense even based on the 0.4bcf figure .... 50p would be more likely that 38p ... i know itS AIM.
but strange movements have been made like the drop after hours of 3.5% on the friday... its just painful so yes reaching for reasons
This does make sense why do they need to drill? Feels like back up plan... still reckon sale price wouldnt be the silly numbers quoted but more like 2 to 3 quid.
Also reckon mms are keeping it low due to Spread betting with everyone long
At this rate will take over sou by default... some massive orders went through late last night ... likely mms mopping up sales for a buyer.... price not going up with all the action which means either large over hang been worked or games to allow bigger boys on board..... this is really due s correction very soon
Rhe point being made was the GSA was a waste of time if sound get sold... which i hope i had defended... anywsy im moody so will let others deal with derampers today
Cant follow this any more as posts just dont show.... why would the GSA just be for the 1% and not all gas sold?... its not going to be that wBey it will be general agreement for sale of gas.
Now i dont have the contract so cant comment further but done my bit it taking on the Monday morning rubbish
Right that post is just aimed at muddy the water... whether a new buyer wants to improve terms or not they will have a legally binding contract the GSA already in place...that is a FACT....so medi111 jog on.
But i am missing the bit about high risk right now as we have a big find. Even if the pay zone is small the company is funded and the massive upside isnt being reflected at all.
Surely a rerate after the testing?