Member Info for gregpeck7

So what happened today, the rebound started.. Yost have only reduced their short by 0.04% but in the mean time some high net worth individuals have got involved here, one having taken at least 1% of the company into his ownership... One would also think institutions are loading up, last 7 trading days almost 50% of the companies shares have changed hands. That is crazy. This afternoon I suspect some traders sold out, II's probably picked up the shares and then we kicked on, a few locked out who will look to get back in.... Taking a very simple view.. Pre news this was circa 50p So 50p - dropped to an intraday low of 18p on Friday a 32p drop. It has recovered around 5p from there, less than 10% of the drop.. Plenty of "gas" left in the tank.. 30p looks nailed on next few days. If farmout news or any semblance of a good response from VOB5 lands, then could be a huge reversal, VOB5 is priced in to fail. Yost have missed a massive opportunity so far, I think some of the people getting involved here has taken them by surprise, I suspect they have been greedy and were hoping to close out even lower.. It aint going to happen... If they start buying in quantity then it will be a very interesting week... They are not the only ones either.. 6.5 million shares are out on loan and they need buying back... GP

The fall was ridiculous. 30p has to be a sensible minimum all things considered quite possibly higher.

Vob 5 has been priced to fail. If anything vaguely resembling oil or gas is flowing out of vob5 this will go mental.

L2 looking nice, very little between here and 22p

Consolidation, before next move up... Which I think is coming soon to 23p

Yes I’d they drop a farmout bomb that would be tremendous. Yost still have a lot of buying to do.

The source of the selling seems to have completely dried up.. This is going to fly now. L2 buy side is in control.

Will he take 3%?

L2 is very much stacked to the buy side... Hard to get any decent amount of stock now..

Ignore mate, got history with DJRyan.....

"Hurting are we shocker :-) maybe your right in a year or 2 but for now lion has form for going to higher highs on a reversal , get some balls and invest and stop posting on boards your not invested in." Why dont you take your own advice and do one... Suggest you spam LION if he carries on chaps.

Agree buying at 20p is still a sensational entry price... Its only moved up 1p!

Usually a bullish flag.

On sell side... Its tipping in the buy side favour quite quickly now...

L2 book is balanced.. About to tip into buying favour for first time in a week IMO.

First time in a week... Hopefully move to bid pressure now.

This could be off to a fast start tomorrow. Let’s see.

Ajax I am basing my investment here on the NAV being below the current market price.. This acreage is slap ban in the middle of some of the hottest O+G parts of the world. Top prices paid as its politically stable and lots of nearby infrastructure. We know there is oil there, they are debt free and they should be able to get significantly more oil flowing with the cash they have available. Potential for free carry farmouts, VOS 1 about to be hooked up from what we hear (another 250,000 USD a month) Things are nowhere near as bad as the SP has reacted. Its over reacted IMO, which is how these things go.. I expect a recovery to start building this week. This is a fantastic entry point, but I am not sure it will hang around for long

Agree, the sell off has been brutal and overdone. Markets tend to over react both ways and I think this is a definite case of a stock being over sold. Some big players taking positions, have yost missed their opportunity to close out their short very cheaply. I think so if mr beetham gets another million shares which I sincerely hope he manages to! Gp

Nice. Suspect you will get the chance but that will clean them out imo. Probably set 20p as the base price.