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New Jersey Governor Murphy, has now officially signed the Sports Betting Bill. Story to follow,

https://www.watchandwager.com/belmontdepositbonus

added first thing. Let's observe volume today as that will be an indicator to future direction

let's see if it happens first thing, after those big buys were notified after hours yesterday. A TR1 holding notification must be coming soon also, as individual State betting legislation continues at a pace in the US.

it's dropping on the delayed sells

MM's happy to let the share price rise for short periods of time, knowing that there is big seller active in the background. This allows them to manage their books, as delayed sells are reported to the market. How long this continues for and who is the seller, is mere speculation. What is of greater importance is why there is a seller. Have WEB a need for a placing to fund expansion in the US, or will that be accomodated by partnerships? Certainly, WEB are an obvious target for a take-over, which makes it unlikely that our main shareholder will be the seller. He is in for the end game. So who is buying up the shares? Things will play out in due course, as the share price tests 4p tomorrow.

real spread is 1.52/1.60

1.28m buy delayed two hours. We are moving a lot higher!!

both may go today!

and the really good thing is we are very close to an all time end of day high, which will bring in those momentum traders. They in turn will very quickly ensure we break above the all time intra day high.

and the really good thing is we are very close to an all time end of day high, which will bring in those momentum traders. They in turn will very quickly ensure we break above the all time intra day high.

when the good news is released, the sp will gap up. Then watch the scramble for shares as people try to accumulate. It will premium buy, after premium buy, as the mm's try desperately to attract sellers.

The one million trade was printed after hours but the time reflects when the trade was actually made. As for the two 500k trades, the first was a buy, the latter a sell.

There are those that took part in the IPO that want to derisk. Let them sell. There are those private investors who have bought below 1p and now want to take profits. Let them do so. It's all very healthy. With each seller, a new shareholder comes on board. They are looking for their own capital appreciation. The secret with all illiquid stocks is to accumulate on weakness and be holding when a company changing RNS is released. That way, you are not trying to buy after a gap up. Management have already indicated that multiple news will follow, so the risk/reward is very much in your favour. One morning at 7am you will see the benefit of holding in size. That day may be tomorrow.

Just 15k available @ 15.35p 50k delayed buy just gone through

Yesterday was moving day (up 160%), today the professional money goes to work. It will be volatile, but the dips will be bought quickly, as that money looks to accumulate in size. I am expecting a large predator to move very quickly and acquire our US licenses. We are a very low cap bolt on for a major player.

https://www.bassoe.no/borr-and-paragon-kick-off-jackup-scrapfest-2018-and-the-party-s-just-getting-started/news/95/

Take a look at page 16 of the Q4 report:- http://infopub.sgx.com/FileOpen/Yangzijiang%20-%20PPT%204Q%202017%20final.ashx?App=Announcement&FileID=490937 This shows the revenue trend from 2012-17. Interestingly, jack-up revenue is detailed as follows:- (RMB Millions) FY2014 - 642 FY2015 - 215 Note, this will be the revenue attributable to Yangzijiang. AMED have a 19% interest in the jv, as we know. So if part/all of the physical build costs have already been paid, as one would expect, it places the jv in a strong position when the rig is finally sold. Indeed, if you take Keppel as an example, where they have resold ships/rigs, the total revenue derived from upfront payments plus a resale to a third party, is sometimes greater than the original order value. But let's wait for the detail in the Finals. I suspect negotiations are ongoing. As for today's sales, I note the 31k sale was a purchase from the 27/2.

Cash down in the main due to the loan to MGR Resource (see loan receivable of US$2200k) and 2.5% investment in GKC (US$500k)

Yes good to start the day with a premium buy. They will become the norm with the news we are waiting for.