Member Info for Ibyb

Must say, quite impressed with how efficiently it works.

The numbers don’t stack up for me either, if Monecor have only sold 5m, who has been dumping all them shares?

I hear ya, I was citing from https://www.caspiansunrise.com/investors/shareholder-services/

I would have expected any other major holders to be shown on here especially if they’re more than 3%.

Badger, In public hands there’s 32.0% (just over 600m), Orazimans family hace 43% ( just over 900m).

As a fellow EUA’r you probably recall some of the institutes and private investors exercising warrants after we ballooned from being suspended back in 2019.

As always, dyor and all the best

JSP this solely my view, a lenders primary objective is ensuring they get their money back (with profit or interest if possible).

Monecor (joint broken but acted as sole broker) have two reasons to sell out:

1. GBP raised £1m by placing 200 million shares at .5p, anything Monecor sell above this price is marginal profit. Most of the large trades have been sold out into the spikes all the way upto .65. Would explain why we keep falling back to .5 and hardly below. Even if Monecor break even they have gained because of the point below.

2. The cherry on the cake for Monecor is that they can excercise 100m warrants within 2 years at a price of 1p each. That means should things take off and venus or pel39 gushes oil, we modestly 10 bag (5pps), they can instantly convert £1m and it’ll be worth £5m at the current market value. I’ll let you do the maths if our PPS is hypothetically higher.

Source: https://www.shiplocation.com/vessels/MAERSK-VOYAGER/CURRENT-POSITION/9633575

Let’s hot it up, the drilling rig for the Venus well is travelling at 7.1KN (last updated 12 hours ago) enroute to Walvisbay (Namibia).

It has spent months in Angola, I have been tracking it daily.

It is expected to arrive in Walvisbay on 19th November.

All the best

Jackie, I’m all for being optimistic but how do you make these assumptions up? There’s no truth to what you are saying.

Wrong board pal, this is GBP not TRP

Actually made me LOL.

What’s grinds your gears about this share?

I think most investors are invested understanding that there are risks that this might not pan out as it all weighs on Shell and Totals drill. But considering we’re rock bottom right now, it’s bargain basement should they pull it off. The reward is outweighing the risk.

Geo, I’m going to come out and say what probably most people are thinking.

What’s your issue with this company?

I’ve been here a few months but don’t think I’ve read anything you’ve wrote about GBP being positive or optimistic.

Jim, always up for an open discussion, you do raise some valid points, but I don’t quite agree with the view point that the BOD are stalling.

The BOD appear to be taking the necessary steps required to farm out. They could have done this 6 - 12 months ago; You’re right but as with oil drilling there is no certainty of discovery. As both drills are due imminently with a fairly decent % of success, the opportunity to attract a reliable farm out partner is significantly improved. GBP and every other license holder near term success largely depends on Total and Shells drilling outcome.

Lastly, Q4 has been on the cards for Venus and PEL-39 for some time. This timeline can change as the Maersk Rig is being used in Angola will move to Off shore Namibia once completed. It could be Q1. As for Valaris DS-10 I can’t get a reliable reading as to where that currently is.

The existing drills are dependant on the existing charter drill targets. Once they’re met, they’ll sail across.

I’ve loaded up and waiting patiently.

Ps et al DYOR, never invest more than you can afford to lose.

It’s a chronological process, Global have been waiting on Shell and TotalEnergies to conduct their drill for the past few years. There is no logical sense to create a legal binding agreement until ready to farm out. There is due diligence that is also required. Unless investor ops are convinced that oil is recoverable they would not be pursuing farm out.

Both Shell and Total only secured their Farm Out earlier this year with Qatar petroleum.

Follow the leader, the minows will follow.

Just waiting for that starting pistol. The world watches Namibia.

Hiblue I’ve noticed you’ve got premium (L2) do you have visibility of any large buys in the background that are being filled?

I don’t whole heartedly believe it but I’ve seen it happen far too many times for it to be a coincidence.

Try not to dismiss it but keep an eye open for the trades, L2 users will benefit the most as they’ll see the live trades and an instant reaction on the back of it.

Can’t think why anyone would execute a trade for £5.27.

There’s a theory that market makers operate or communicate using trades, these are known as market maker signals.

It’s commonly understood that a 1 share trade is an alert to other makers that a RNS has been logged and release is imminent. Other signals are listed below, the source can be found on google.

List Of Market Maker Signals
1. 100 - I need Shares.
2. 200 - I need Shares badly but do not take the stock down.
3. 300 - Take (or I am taking) the stock down at least 30% so I can load shares.
4. 400 - Keep trading it sideways.
5. 500 - Gap the stock. Gap can be up or down, depending on direction of 500 signal.
6. 505 - I am short on shares
7. 600 - Apply resistance at the ASK to keep the price from increasing.
8. 700 - Move the price up.
9. 777 - Also recognized as a signal to move the price up.
10. 800 - Prepare for an increase in trading volume.
11. 900 - Allow the stock to float and trade freely.
12. 911 - Pending News/Press Release On The Way
13. 1000 - Don't let it run
14. 2100 - Let it run

Share traded - 911

Definition: 911 - Pending News/Press Release On The Way

Some nice volume coming through

1.5m trade looks to be a delayed buy before they moved up the ask.

Price is brimmed, should see some steady increase with little resistance until .6