Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
BNP Paribas Securities Services as Custodian reduce holding from 23.13% top 13.39% but still holding 26m shares.
Time to move up as the opportunity to buy is here.
A major driver of selling has declared their hand.
Richard Griffiths Tr1 increase again personally to 9.21% from 8.93%
so the shares under his overall control increases from12.85% to 13.90%
He knows his stuff this guy and wants the shares
60p
The shares are being bought up whenever there is a sell but the daily trading volume ultimately needs injection.
The news, that is desired by retail investors, will come but for now the "under the radar" buys happens as people set themselves up.
This BOD is here for success.
X4 Tr1s, all of a sudden
1) Stephen Kelly CEO
2) Mr Daniel Hayes, VP Investor Relations
3) Spreadex
4) Richard Griffiths
All increases
All at bottom prices
Genuine signs of interest in the forward momentum of the company MCAP and SP
The timings of these could be highly significant
I have sent an email to the company for update of the shareholder list ....hopefully it will be done in light of the Tr1s announced
Looking forward in anticipation
GL
After the matched and large purchase for CEO Stephen Kelly he now has 1.76% of the company.
I am thinking that he has bought at the lowest end of the SP of 48p so I now fully expect further news to push the SP and MCAP north.
Contract renewals or new or both would provide the propulsion back towards 100p.
Marketing and outcome
The extra 77m must have been forward sold to allow the rise, minutes after the RNS announcement, after the initial drop to 1.1p.
Quite unreal but bodes well with the other news in the RNS and for the future.
Saw it and dismissed it as fake
Pumping and dumping /trading
A summary of the last few days and viewpoints by a commentator who utilises YouTube and effectively.
You can make your own decisions
https://www.youtube.com/watch?v=yyf7Hx-S6YI&feature=youtu.be
Leave it with you
https://twitter.com/ellerby_dave/status/1724349721353797636
I think our American friends may start a buying frenzy.
They value Tech companies higher.
On opening they dropped the SP hoping shareholders would bale and they could push it down further
The shareholders waited and topped up.
MMs would have loved them to jump ship but because a trade is money. The lower it went the more that they would make on the fall and bounce.
The ship has stabilised and the rise is inevitable.
The Tier 1 US military order shows the company is needed and more contracts will be forthcoming as the uncertainty that the debt gave has been removed.
The low float has assisted the process of reducing size of the fall.
Above all, Levi is a proven winner and the shareholders know this.
Upwards it will go in short order.
Small top up done thank you.
A bounce will occur.
Yes a dilution but the debt will be gone.
A large weight off the shoulders of the company.
The subscriber could will become the largest shareholder and may not sell them nd hold of them / partially sell and partially hold. They will make decisions based on their own cirmstances and the talks with Levi etc al.
Accept short term pain for a longer term gain.
Opportunities to buy more shares at lower prices.
Interesting times but the company will pursue its contracts goo g forward.
27 trading days, including today, maximum to wait .... and counting
June 2nd 2023 RNS
Contract Year Two of the PSC (Production Sharing Contract) will now expire on 18 December 2023, with a subsequent commitment, on entry into Contract Year Three, for the drilling of one well to appraise the Chuditch-1 discovery. The practical effect of this is that a decision on whether to enter the drilling phase is now required to be taken at or before that date.
The extension to PSC Contract Year Two was requested to allow additional time for the necessary preparations prior to entering the drilling phase of the PSC.
These activities include the detailed evaluation of candidate drilling locations and well trajectories for input into the final well design. ....................(Done and a Drill Well Manager appointed )
Chuditch Farmout Update
As the Company indicated in its Final Results for 2022 on 23 May 2023, there are a number of ongoing discussions with third parties regarding participation in the Chuditch appraisal well and future activities. Whilst there is the usual uncertainty over whether and when such discussions may come to fruition, the granting of a further six-month extension and its associated work programme maximises the chances of success.
Sep 25th RNS
Our ongoing discussions with potential funding partners provide additional affirmation that the technical case is robust and there is alignment on the requirement for drilling an appraisal well on Chuditch, followed by additional exploration activities to delineate the total on block gas resources for this LNG scale project.
John Wakefield, Non-Executive Chairman, commented:
"All of our efforts are currently focused on the Chuditch PSC drilling decision to be made late in 2023 for a Chuditch-1 appraisal well. We are making good progress and are in advanced discussions with a number of potential funding partners. We look forward to updating shareholders as soon as we are able."
Oct 11th 2023 RNS
Subject to drill financing, it is currently expected that a Chuditch-2 appraisal well would be drilled in late 2024, using a jack-up drilling rig, and is expected to take around 21 days to drill, with a further 15 days assumed for logging and a drill stem test. The water depth at the proposed Chuditch-2 location is 60 metres and the well would be drilled to 3,020 metres below mean sea level. Improved subsurface imaging from the reprocessed 3D seismic data permits a vertical well design, which is operationally simpler and more cost efficient. The well is planned to penetrate the Plover Formation reservoir at least 500 metres from the Chuditch fault on the southeast side of the field, mitigating location risk from fault imaging uncertainty.
In relation to drilling planning, Baron has recruited a Well Operations Manager and scheduled planning workshops with government regulator ANP and joint venture partner TIMOR GAP.
Its all coming together and we are nearly there for a des
Defo Desert until the company is ready to supply the news, which will arrive soon
He MMs are trying to make money by playing with the BID and ASK
No one is selling that knows the score
After the rises, over the last couple of days, a period of calm and holding
That's fine
The Tr1 helped the push up
In good hands and with skin in the game
Very experienced in business and in this technical sector
Innovative
https://ethernitynet.com/leadership/