Member Info for ICB888

Highest price of the day just paid a Buy of 100000 at 19.2569p.

Lunchtime buying has got the volume moving again now 8.3 million with buys exceeding sells 3/1.

We are all aware that the RNS said “EXPECTS” and the possible implications of that so no need to shout.
Perhaps worth reposting the final part of the 1st August RNS just to remind ourselves:
“ Charles Santos, Executive Chairman of Aminex commented:

"We are approaching exciting times for Aminex. The seismic acquisition programme is close to producing results over the core area of the Ntorya gas-field with the delineation of the final location for the CH-1 well. We are pleased that the target spud date for the well remains on track for November 2022. Moreover, the 3D seismic data will refine and hopefully confirm the exploitable gas resources of the Ntorya gas-field in which APT's revised mapping and internal management estimates currently suggest a risked prospective gas in place ("GIIP") of 3,024 Bcf (gross basis, mean case) within multiple reservoir sand lobes and a prospective risked recoverable gas resource of 1,990 Bcf (gross basis, mean case)."
I am hoping that 3D seismic will lead to an increase in the figures mentioned above regarding the resource.
We can also assume APT are very confident in this being successful as they have decided to acquire SCIR’s 25% share which Wentworth wanted to acquire. Wentworth are involved in the only current gas production in Tanzania in an adjacent area so I was very encouraged that they wanted to be involved.

Cambells do you have a time and a link to Marks talk today please?

One would anticipate that the news we are expecting now, followed by the full seismic and then the drill will attract substantial amounts of new money. We are increasing volume more quickly than yesterday having already exceeded 6 million when the volume for yesterday was 6840000. Will we get an RNS during today or will it be later in the week.

We have a new poster b4g pontificating numerous reasons for the 4.6% drop today, even though CHAR has been trading sideways at this level for some time. We are only six weeks on from our last major news. If you want to understand the reason for today’s fall just look at the market and similar falls in similar companies. Today was entirely down to the market and there would not appear to be anything CHAR specific in the fall.

Let’s wait for the BFS before we give any credence to the agenda driven Seingred and his comments. He is saying that commercial production is a good 3 years away. The company has said not mentioned 2025 to my knowledge and Deingred is trying to pass his opinion off as fact. I would urge you to find out what the company has said rather than the likes of Seingred. If you look at his posting history (not really recommend) you will find that he twists his comments to his current trading position.

Apologies I have misread that share price for the last trade today which was 1.1256 not 1.256. Wishful thinking!

The 2 million late trade that popped up at the end of today was from Friday 26th August so not relevant to today’s trading.
What is far more relevant is the trade reported before that one, the actual last trade of the day a 750000 Buy at 1.256p. That was the highest price paid all day. This should bode well for tomorrow when we are expecting news.

Rio is already in Nicaragua via Calibre. It clearly did it’s due diligence when making that investment which is fairly recent. Majors like RIO do serious due diligence on countries they invest in because they are long term investments. If RIO have decided to invest I don’t think we should be particularly concerned about the international political situation regarding Nicaragua. The big countries have a lot on their plate at present and I am not sure how damaging Nicaragua’s number 1 source of income is going to benefit the people of Nicaragua.

Trading is slow with just 47 trades for buys of 4.5 million against sells of 1.5 million. Half todays trades were in the first 2 hours of trading so since then only 5 trades per hour. They desperately need sells to feed the buys. Barclays just bid 1.1256p for 1 million so they are keen to buy.

150000 at 1.2p

I think the problem is a lack of sellers and they need to push it higher to draw some out. On a dummy trade I was just offered 1.09 to sell 500000. Obviously I am not selling either!

1.18 has been paid again. We need to remain in 3rd until we smash through 1.2 and then a higher gear to cruise to the previous closing high of 1.5 on the 15th October 2020 when 500 million shares were traded over 4 days to get us there. I think we will get there on much lower volumes but if we do get those sorts of volume this could get very interesting.

Now Up 9.8% at 1.125 as the offer moves to 1.2. Looking very promising for a new 52 week closing high.

That 1m at 1.14 was late reported from an hour ago. Looking ready for a further move Up. Our highest recent close was 1.15 last Wednesday on volume of 35 million. Volume of just 4.4 million so far today.

The bid now is 1.0756 but they are still using 1/1.15 to fix the sp at the mid price. This should move up again shortly.

Looking very promising for a continuing rise here as the offer moves out to 1.15 having started at 1.05. The bid has remained unchanged at 1.0p. The buys are now at 1.12. Currently Up 4.9% at 1.075p.

The market seems to expect the news to arrive on time. Currently Up 2.4% at 1.05 on volume of 1.6 million. Nearly all buys with the largest of the day 500000 at 1.09p just gone through.

The 1st August RNS stated:
“ APT has recently received the first batch of field seismic data and expects to have processed and interpreted sufficient data to confirm the final drilling location of the Chikumbi-1 ("CH-1") well before the end of August. Field acquisition continues in order to complete the 338km2 3D seismic programme”
The key words “before the end of August”