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Buys showing as sells again, just been getting live quotes of 4.09p to buy so those last few trades look like buys
Could be a very apt one though come the xmas period :-) we are due the results of the magnetic / airbourne survey on DRC Block III before end of year ( they stated during Q4 ) and we may just get the sale of the manganese plant which could raise $10M - $15M in my opinion, and possibly news of another aquisition.
Morning mate, one for santa,s sac ? lol
Cheers guys, level 2 was looking real good at close today - out of 5 mm,s 4 of them had moved out to ask prices of 5p to 5.5p and three moving on the bid side.
Thanks for that, im sure there will be more followers of SAC coming onboard here quite soon as word spreads and the newsflow comes. I have here a collection of some sacoil videos and interviews including a very recent one with our CEO robin Vela that could be of use for newbies to get up to speed. And also two recent analyst reports well worth a gander. Sacoil Videos and Interviews: http://www.youtube.com/watch?v=-xC54C3vfsg http://www.youtube.com/watch?v=07CkmYE4bUY http://www.youtube.com/watch?v=jkqOCwlhjtk http://www.youtube.com/watch?v=XQ3SuHDVq4E http://www.youtube.com/watch?v=SEnk06SCyEI Analyst Reports: http://**************/shop/page-advice/action-advertorial.show/id-130015105 http://www.edisoninvestmentresearch.co.uk/researchreports/sacoil241111update.pdf
There are several well respected posters who have been in sacoil for quite sometime who think SAC is about to farm in to Block 1 in South Africa ( held by petroSA ) they think that sacoil vice president Bradley Cerff who is an ex petroSA executive is the key man behind the deal and could get superb terms. If this turns out to be true it would be a great asset to add to the existing great assets sacoil have. The mm,s will be caught out here when the masses arrive as they appear to be short at these levels and it will move up mighty quick IMO.
Good point about the 10 - 1 buys v sells pete, there is a very nice breakout coming here, and have noticed the JSE market has been strong too this last week. I have been watching level 2 closely this week and noticed how the mm,s have tried to keep volumes down using the spread and also reduced buy size available.....but in reality when using live quotes the real spread has been quite tight....the mm,s are expecting something to happen here IMO. All this share needs at the moment is increased volumes which will come im sure,untill it does there is a significant discount in the SP for folks coming in now, huge cash pile - clean balance sheet - and some major additional funds coming from the block III farm out ( $54M to come in two tranches ) and possible new aquisition coming. Those brokers and analysts gave those 20p + targets for a reason :-)
I am certain we have some very good news on the way here mate,all the clues are there in recent ecents and even in the wording of rns statements,example - they have said that the SEDA will be used to "advance the assets up the value chain" and i think they have preserved a cash pile and reduced debt for a reason,most likely they could be about to deal with another Oil Major on something and the balance sheet and cash situation would be something that would appear attractive for a major oil company when looking to deal with a smaller cap company. CLUES ARE THERE :-) As for FRR , worth keeping the faith as i think its being shorted and played (some clues on bb today )
Thats exactly what the mm,s want you to think,i am fairly sure they are trying to stock up on the cheap ahead of a news events. Have seen it many times :-)
Think there have been a number buys from this morning not showing yet and also plus market trades
200k buy just gone through (think delayed from earlier )
Level 2 still looking good mate,i have a feeling they could have been filling some bigger orders earlier and we may see them pop up sometime. Could easily tick back up today
Thats one of three recent reports that value sacoil over 20p+ , sacoil have around $12M in cash and also $54M to come from total for farm out of block III in DRC. Just used their SEDA to pay down a small debt and retain the cash pile and balance sheet healthy.....signs of another deal pending IMVHO
Cheers mate :-) looks like they doing a mini shake here so now 4.3p to buy again but level 2 still looks very good and weighted for a move back up
It could have a good finish today, they moved the askprice out to 5p but the real spread here is 4.25p-4.6p at moment and on level 2 there could be another mm about to join the buy side. There may also be some delayed trades not showing yet IMO
There have been quite a few rumours on various bb,s that sacoil are about to aquire a stake on Block 1 in south africa held by petroSA , sacoil vice president bradley cerff is an ex petroSA exec so if this was on the table he would get a super deal IMO
LEVEL 2 looking very good mate, RENA , SCAP , PEEL now buying and buy size reducing :-)
More nice buys coming in and level 2 looking good , anyone new here should take a look at this report as its recent and very concise. http://**************/shop/page-advice/action-advertorial.show/id-130015105
Some nice buys coming in, yes ready mate :-) something is going on here with SAC and some sort of deal IMVHO , dont forget they have another $54M to come from total for block III in drc in two tranches,their cash pile is growing and in a great position if they are ready to move on another asset. Also survey results due for block III are due
Yes mate it seems we are on the move now,some nice buys coming on both markets and level 2 very strong with only one mm holding back. I think it likely that sacoil are currently doing some sort of deal..they have cleaned their balance sheet and have a tasty cash pile,could be another deal with an oil major IMO