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Unlikely to see prices this cheap ever again, those that mentioned buying this morning wouldn’t see a profit, well they have, I bought another 2k worth this morning sub .8 and could sell for more than that now. Holding strong for a wee while yet. May top slice on decent news but SYN are on a long journey with all to play for, be interesting to see just how many wells are planned for this year.
I do hope that everyone has looked at the Synergia link on Twitter and has copied and shared the link AND any associated link to the message.
Ladies and gentlemen, if you want us to have a large public reach, then you need to do your bit, click share, click like on Twitter
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Ssccss I agree, .2 and .3 was reach on less information that what we have received today. I think we will get a confirmation RNS tomorrow and momentum will build toward the news at the end of the month.
Whilst the herd will be on its way with the news, we must not forget that this could easily attract institutional investors, Panmure Gordon didn't do an investment paper just before Christmas showing the share price could reach 1.54p! for the local punter... I think real investment could be heading this way which is why this could be worth holding for a while.
I think the main thing here is that as the subject suggests, it’s done!
The fear that the JV would not materialise has kept the share price down, has stopped further investment by private investors let alone international investors.
I can see that over the next coming weeks investment will come as much of the threat if not all of bankruptcy has now been removed.
We now have a blue chip JV partner funding, a large part if not all of the next phase.
Anticipation will now grow as to how much money Synergia will get as part of that JV as undoubtedly, the partner will benefit from Synergias previous losses and exploration costs when it comes to tax offsets
Can't be long for news flow now what with the meeting on Monday, two wells planned for H1 2024 C76H and C77H, question is... who is it with ?
ONGC?
Vedanta Ltd?
Oil India Ltd?
Sun Petrochemicals Pvt Ltd?
Reliance?
Any others? The above are already operating in the Cambay and Roland mentioned they were local which is why they were not reliant on the outcome from the jet pump, they know the potential.
Gordon, I did, 3 times I requested from my broker only to be told they do not have access to be able to obtain that information. I may do a little digging elsewhere to see if I can obtain it, especially after that line in the RNS.
From what I read, the calculation is worked out at two thirds of the costs being paid by the farminee to the farmor for 50% of the lease, that wouldn't include lead operatorship.
So, what have been the total costs to date and how far back are we going?
The above, added to the value of the potential oil and gas is what will bring us to the total share value.
Exciting ... finally getting somewhere.
Short shrift.
I can confirm that whilst not myself, someone I deal with made the call to Panmure Gordon, and this was directly confirmed by them that they are unable to share with the retail sector due to FCA regulations. Synergy likewise, will be unable to share due to FCA regulations. But you will be able to receive it from your broker and your broker is able to get the information from Panmure, Gordon or other “house industries”. So chase your own broker, do not give up.
I have chased my broker and hope to receive the correct information within the next few days due to the weekend. Both my broker and Panmure Gordon agreed. It’s crazy that they are unable to share the information with members of public, whereas once I receive it, I can share the information, but I am not liable for FCA regulations where as they.
I believe it’s down to the fact that if they share the information and somebody buys in and loses money, they can be held liable, whereas if I share the information and they buy in and there is an issue, then that’s down to them as I am not a
Professional financial advisor.
Short Shrift
Its nothing to do with NDA's, its to do with financial regulatory laws that stop Panmure Gordan from providing it to retail, even though they would love too.. Synergia are in the same boat, they are unable to provide a copy of the research paper direct and should have advised that in their tweet.
In this instance Synergia are correct and you should be able to obtain a copy of the research paper through your own broker, they may not e aware of this, a gentle nudge requesting this should help.