Member Info for eldorado1909

There can't be too many out there with enough shares to put through the kinds of trades we've seen delayed. The one from yesterday was 1.5% of the share capital, and the one from today is almost 1%. Based on AIM 26 most of the company seems to be held by PI's through nominee accounts. Very unlikely any one PI holds 2.5% of the share capital, and in reality more than that has been sold since there have been delayed trades before the last two. Whoever it is must be running out of shares to sell by now for no other reason than that there aren't any shareholders with big enough stakes to be able to sell more than 2.5% of the company other than the Bank of New York. I suppose its possible that these are placees flipping their entire holding in one go, since each trade isn't enough in of itself for a TR1 if that was all they held.

If it were a buy the price would be up (significantly) instead of down.

of getting all of these sells done down here in the 11s and 10s is that when the catalysts come into play there will be much less resistence on the way up. Don't mean to ramp, but if Wressle and Biscathorpe both come in this could multibag. Such a small MCAP with such large prizes in sight.

Yes, like i've said before, I see a reversal back to 14p where it was trading before on the cards. Hold for a month or two and 20-50% returns are very likely in my eyes. Could go a lot higher on results, but obviously implies greater risk.

More buys and we should have another tick up, being bought very close to the ask.

Any idea what's going on with the price action here? Imminent significant catalysts with Wressle and Biscathorpe yet sliding day by day.

Yes, I bought back in a tad lower than what I sold out at prior to the meeting. I can't see this dipping much below the current SP. I feel like this could move fast, so don't want to miss out on the reversal.

the seller in the background is not done yet. Frustrating waiting game here.

Lots were expecting a flood of flippers to hold down the price, yet the expanded MCAP is now trading yet today is flat like a millpond. I expect the flippers will sell into volume as interest increases, but if the price were going to get squashed below the current SP my feeling is we would have seen a sign of that by now.

to me like the seller has cleared, being allowed to tick up on limited buying pressure now.

You seem like a shrewd AIM investor. However, I'm unsure as to whether you are going to get much of a lower buy in price than where we are right now, and as we discussed yesterday, this is good for a 20-50% pre-drill trade at the very minimun from present levels. Spud really isn't far away now.

Overhang cleared?

Placees flipping and some stale bulls. It's been being sold into since the placing.

Most people seem to lose out because they want to multibag their pot in one go. They also naively follow traders targets who overstate their own target exit price by a factor of one to two. If you take a slightly longer term view aiming to compound 20 percent trades on predrill action following placings you can do well on AIM IMO. Has worked for me so far this year on MATD, JOG and UJO. Currently in AAOG, UOG and second trade in UJO and fully expecting to compound my gains. DYOR and all that but I'm convinced you can make decent returns from here.

Overhang finally cleared? Once this downward pressure eases this should motor. Feels like JOG before the rise to 250 came.

More have they got to throw at this, selling has been relentless for weeks.

Yes, all those are buys, but the reason the price is falling despite all buys is because large sells are being worked through in the background. Without them this would be significantly up since the RNS.

They are going to drill a big target and whilst as always the people expecting to bag are unrealistic I fail to see how you can't make 20-50 percent from here.

Being worked through in the background

Sells being worked through in background. When are these flippers going to be done?