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On 100k of sales.... Seriously? Mms really love a good p155 take! Haha.
Must have been Lord Limerick...probably needed money for a bag of crisps.
In an honest and non-corrupt world, I would agree with you. However, as the market makers are also the brokers - they are certainly privy to all the fresh news well before we are! I hope that CASP is run honestly but the share price action at 11.5p the day before the rns came out was dubious. If they didn't know what was in the rns - why was the price taken down to 10.3p? Sometimes, a bad rns will cause no drop at all - and sometimes a good rns will cause no rise at all. Don't you think that this reflects the mm position? They can easily stop a price rise/fall by going N/T and taking the momentum out of a situation. I have seen it hundreds of times. I certainly think that they hold stock to make money on and they can influence and direct a share price in many ways. Personally, a drop before news (in my experience) usually plays out better than a rise before news.....what do you think?
cc - what's happening with BMN? Seems to have topped out over there?
Yes, the fall was on very low volume. I like to keep an eye on % change they make and on the volume of shares traded. In my view, they took the price down far too much considering there was a very small amount of selling. TBH, this is typical of mms in a collecting phase. Back to baseline and then the bounce again locking the sellers out. Rinse and repeat as we have seen over the past 5 years. However, that news is coming and if good, we will move to a higher trading range as we did in 2014. We stayed at 18p for almost a year with fluctuations between 13p-18p. I can see us spiking to 24p level again on 801 success and then dropping back towards 18p as we wait for A5....if that is also good then my target of 30p+ comes in. Not willing to sell anything at this point mate. Just not worth it to me.
cc- since when is the trading range 8p??? Please have a look at the 1 year chart....we never went below 9p the whole of last winter - the trading range is 9p-13p over the last 12 months mate....I know you want that 8p but it ain't going to happen - even on a delay as it never dropped below 9p even in the depths of Winter! Plus, everyone knows that next Spring/Summer it will all come together with the MJF being in-fill drilled and the A5/6 find going to full production. Things will look very different here in 2019 so not a chance that this is dropping. News on 801 and A5 coming? I think so! Get your golden tickets mate before that train leaves!
No doubt now...look at the trades. Volume returning to CASP. Those in the know taking positions imo. We have had almost no volume at all and now all this going on?
Belles....no idea....wait for the rns is my view. When you start to see this type of thing going on - it is obvious that something is going on isn't it?
Market got a sniff of that buy! Could be a big week now.
JD - Limerick buys 480k shares on the open market and then a 750k buy on the open market....getting very interesting....especially as mms seem to be trying to hide the purchase and not recording it!
johnpjohnp...this is AIM! LSE not even bothered to register it in the daily totals! Still, a very positive sign imo. We may get that news soon imo!
Like 801 is flowing then lads! 750k purchase!!!
Look at that buy!
Belles....the news is that news is dropping....at some point.....soon!
Nice! I'm happy with that....my Birthday is the 5th so that would be perfect! Ready for the BOOM! If it flows of course!
Could be the 801 rns this week! Fingers crossed it's a good one!
Belles...Clive has told us that we are at the final stage of the 801 clean up. It is clearly written. True, it may not flow but there is a very good chance that it will. Again, A5 is now being worked on. It is already fully drilled. They are not doing a side-track, they are just drilling out the casing and liner - what, 2 days work?? Then they need to complete the well again at the bottom of the hole - another few days? Certainly not months. Yes, 3AB needs to complete but we may already be there! You just don't know what the next news will be and all of it is company making if it comes in good. I think those taking the view that nothing will happen until next year as the ones wishful thinking! Let's see what happens over the coming weeks.
cc....not touchy at all mate...just banter as always! Just pointing out that you are not always correct so the whole wood and trees comment is a little too far considering some of your predictions. I know I have had some stinkers in the past and I hold my hand up to the fact I don't always get it right. However, I really, really.....really, really, really think your sales are terrible timing on this occasion....imo of course!
I've had a look and I have 1,982,674. My average has gone up a bit to 6.82p Richy - right there with ya mate! I'm on the train, feet up and waiting for the train doors to close. Will be looking at cc on the platform running after the train, throwing his arms all over the place. Don't forget to give him a wave as we speed past at a hundred miles an hour! He will need to get a taxi to the next station if he wants back on - lots of additional cost for him....put the kettle on nighthawk - I think I'll have a tea before my nap. CC - just remember who told you to get out of XTR at 3p, and who told you MILA would do a reverse takeover, and who told you i3e would multi-bag....while trying to tell others that 'I can't see the wood from the trees', I think you should ponder that I generally see things quite clearly. While you're at it - who was it that told me to buy more XTR at 3p, and then told me to buy CGNR at 23p (now 11.5p about 5 weeks later)? Much credit to you on BMN - but please take a look in the mirror when it comes to seeing the wood from the trees!
When things start to move, it will be due to success and selling out at 20p would be wrong. However, each to their own. With reserves figures and 15k bopd, CASP will be worth a lit more than 20p! I will stay in for the dividends as the value will have to be based on the level of the dividend.