Member Info for Harts

Leaky leaky Lek

One of a kind, how did the value go unrecognised for so long!

Just bought some more at 3.07 now going to sit back and wait in anticipation of an update. No big block sells assures me Baron Group are now out.

Potentially but it does seem to be a pattern with SDX and we are now more weighted to a gas producer. Also corona virus wouldn't impact our business but I understand sometimes it can just be investors reducing in sectors like you suggest.

When there is little volume Furey they drop it hard until they find buyers hence why we keep yoyoing between 20/21p and 24/27p. The bottoms are getting higher though and the highs are getting higher, expect this to bottom out around 22/23 as Shakey said this is a gift just need the market to wake up to the value. At least Mark is out doing interviews even if he is taking a very reserved and measured approach but better than promise the Moon and hit the sky like most AIM companies.

The selling looks automated in my opinion to answer your question

Spread is very wide 24 - 26 and the repeated seller is back on small volumes. Why this seller keeps selling I don't know but as soon as the buying volume drops off the small sells have a large effect on the SP downwards as the volume is so small.

I disagree, can't prove it but just my opinion based on the facts. Baron Group were selling hard this morning because of the rise on Friday giving them the opportunity to sell above 3p, which has been the pattern for the last few weeks. That's why the SP never got further than 3.4p because a 1mill share sell popped up on Friday. Baron Group on their last notification of 14th Jan held 15,037,723 shares. They've been selling their 30,815,040 since the 3rd Jan after the funding was announced when the SP was above 9p but they bought in December around 4.5p. However they took a hit on the funding scam so they can't afford to let the SP to go below 3p hence their slow selling around 3p. In short they've got to be out very shortly maybe by the end of the day hence the heavy selling this morning as I approximated a couple of weeks ago. Once they are out the MMs will have to lift the SP because they won't have a steady stream of shares to give to the buyers in the market.

Baron Group still selling that's the only thing holding this back, not long until they're gone and Lek announce an update.

Technically the market maker sells you the share not someone else. The MMs buy the shares off the sellers and sell to the buyers and hence get the profit difference between the bid and ask for their risk in taking the shares. Anyway looking forward to an update.

It seems Baron group are still selling here and pop up when the SP tries to go north of 3p. Just a waiting game really, not much longer now.

I bought in after the funding announcement so well under water even after averaging down ... the way I see it ...

Baron Capital Group are now under the 3% reporting but still continue to sell, NOT Baron the Twitter investor. It took them 11 days to reduce from 4.64% to 2.8% and they continue to sell and hold the SP down. So for them to be completely out and depending on volumes I've calculated a rough estimate that they should be finished around Monday the 3rd Feb. If I was a canny CEO who cared about my SP I would wait until the seller was finished. before releasing any big news. Only downside I see from here is the small risk of a placing but selling stake in OPL 310 seems much more likely.

Technically the market maker sells you the share not someone else. The MMs buy the shares off the sellers and sell to the buyers and hence get the profit difference between the bid and ask for their risk in taking the shares. Yes you are right Lse just adds an algo to class trades and should be disregarded. But by people telling what the actual buy price is, it means others can calculate the flow of shares and whether the MMs have a plentiful or limited supply.

At the moment it seems there is a seller around to give the MMs plenty of shares whereas when the seller dried up last week they had to raise the price as the seller was nowhere to be seen. Anyway back to discussing the company .....

Which one was your trade Furey if you don't mind me asking, to help me with my trade analysis? Now 25.5 to sell. Yes some buys in there as well but mostly sells which baffles me, when I say repeated seller I mean trades like the ones at 8.02 this morning. Anyway I'll shut up about trades and wait for another update on the drilling campaign in the hope fair value will be attributed to SDX in the end.

Great update for the future of Morocco, unfortunately repeated seller is still around but i'm just sitting waiting for them to clear and for SDX to reach a fairer value in SP.

Maybe it was wishful thinking, repeated sells started again! Nice £30k buy though at 10.51.

Definitely a squeeze on shares available now, all lining up for the start of the SD drills and Moroccan drilling results.

Just popped up from 3.27 pm explains the rise this afternoon. Good to see and keeping us on track to a fairer evaluation!

Now quoted 27.1 to sell, back on the move!

Really? I'm getting a quote of 26.22 to sell all of mine. Good to see this is being left to rise and fall as demand sees fit instead of repeated automated sells.