Member Info for gregpeck7

It’s a new and hot sector. They don’t need to do anything. This will sell by the bucketload but patience is required. Beckham will be rolled out and he will add fuel to the fire..

Yep bottom in, reversal started, will only pick up momentum now.. I think 20p will be seen again quite soon.

Bound to be an RNS at some point soon highly likely positive.. Only been trading a week so far though... Clearly positions being accumulated now.

Went down for 8 days in a row.. Plenty to come here.

Agree. Its totally nuts, they were always going to try and play this share a treat because of the high level of interest. Getting it from 28p down to 9p just shows that.

Highly likely this heads back towards 20p.. they have got their fill and murdered scared PI's

Hopefully some of you held !

As I said yesterday. Looks like they cleared the overhang out of hours... Everyone is "in" that wants in, so just watch them re rate this now. Just sit back

Very interesting 1m trade. Looks like 5 percent of the company changing hands on one go. That could well clear things out for tomorrow.

Agree 100% but they aint gonna make this easy.

Way too much negativity which is understandable based on what is happens, big buyers are playing this like textbook, create pesimism, feeling of failure get people to sell out, hoover up the shares they wanted in the IPO but failed to get then take it back to where it should be.. Its a tough watch and not for widows and orphans but this will come good, its a great offering and when they eventually involve Beckham in the marketing - which they almost certainly will, it will sell in huge quantities.

Other than one morning since this listing this has either opened marginally up, or level then plummeted first 10 mins... So far its holding and L2 looks rock solid. Online limit is 150,0000 shares to buy and its full ask...

Im going to say the bottom is in.. Lets see today.

250,000 shares is now a negotiated trade (NT) stock is getting very tight.

Pushing 3.5 for just 200k now, its gonna move soon. Like you say goldenbadger. Brent has come riding to the rescue. Every day HUR is stronger.

Update to market, for 600,000 or more they are now asking 3.5p. Tells you all you need to know.

L2 favouring buy side. 500k is about the online limit then you are negotiating. If it clears 3.5 it moves fast. Oil heading for 70 USD. this company surely re rates. It was the same price with oil around 30!

Cashflow at 70 would be insane. Revenue per day of maybe even 800,000 USD.

As they are becoming established produced discount is closing...

800,000 x 350 = 280 million USD

IN ONE YEAR!

I know there are costs but considering all of their right offs against tax, at these levels they are throwing off cash.

Personally I would just pump for 12 months and then decide what to do...

Dont think you can go wrong at 3p TBH. Surprised more are not piling in...

The BIG game changer here is the oil price. That is probably causing "problems" with deciding what to do but it absolutely changes the game. They can pretty much just sit back and pump at these levels without having to "do anything" and the company over time gets stronger and stronger then they do something at some point. This is clearly now an option available to them Could oil enter the 80 - 120 range? Yes it might and again the economic are even better. Brent is changing the picture fast here... They are almost getting getting around or more than 700,000 USD revenue a day at this level. That is serious money .

Added 500,000 to my position, brent is a game changer here.... my buys came up as sells...

This could change in the blink of an eye. They are trying so hard to force sellers out its obvious... Just switch off from it.

Agree, its basically been ground down for 5 days. MM's will have to balance the book and I bet its not balanced at the moment.. need more shares they do , but for as little as possible. If this starts moving North a decent recovery will kick in.