Member Info for ICB888

32000 Buy at 31p just gone through.

That’s a pleasant sight Up 6.5% at 18p on volume of 2.7 million.

It’s all small trades as they tightly control the sp. 31p has just been paid for 1 share!

The rise is being limited by a lack of selling . The volume is currently 551000 but nearly all the 190000 sell volume is accounted for by 2 bed and isa transactions. We therefore have a 7.1% rise based on Buy volume of 326000. The MM’s will soon have to move this sharply higher to free up some stock as no one is prepared to sell at the current sp.

Moved above 30p to 30.25p which is Up 7.1%. 30.40 has just been paid.

Another bed and isa just gone through with both trades in the sell column adding another 50000 to the sell side which aren’t actually sells. Very difficult to buy at present with Barclays not quoting on buys above 1500 shares but happy to take 10x off you.

30p just paid for 12400 shares.

The serial deramper continues to ply his trade but CNR is now Up 5.3% on volume of 428000 at 29.75p.
Excellent post that’s actually worth reading from Dictumdedicto.

The top performing index today is the FT350 Industrial Metals and Mining Up 2.81%. It is very difficult to understand why JLP is not moving up today.

Good to see that 200000 Buy just land at 17.25p. That’s a £34500 trade which is well above the ISA limited of £20000!
Volume about to exceed 2 million.

There are 2 later trades showing as sells of 70213 at 28.5p followed 7 seconds later by a 69700 “sell” at 28.55p. That is clearly a bed and ISA and essentially the total sell volume of 140000 are not sells.

A 66586 Buy has just gone through at 29.875p which is getting ever closer to 30p. Volume now 263000.

12 trades so far all buys for a volume of 44000. Currently Up 3.5% with 30p less than 1p away.

Ed won’t be pleased with the rise so far as it leaves him still losing on his first share purchases which were at 2.52p and 2.69p. SEED is about to receive £2.45 million into its account with the same again in 12 months. That £5 million cash is more than the current market cap so all SEEDs other assets are in for nothing. Avextra alone is valued at the current market cap. This share needs to at least 3 bag to get anywhere close to NAV. The rerate should start to build on todays news.

You are the day trader deramping when it suits your book. I am a long term holder who has continued to accumulate and has never sold a single CHAR share. Grow Up.

Building on Thursdays impressive rise Up 3.7% on volume of 940000 in the first 30 minutes of trading.

It should also be remembered that Mark has said the sale of the assets could well turn into a sale of the company. They have chosen an asset sale process in order to establish the value of the gold which is massively higher than the current market cap of Condor which is £51 million. Once the proper value of the gold is established it would be a lot cleaner for someone to bid for the company. Interesting weeks ahead and highly likely news will come out of the blue. An RNS about an offer will in all likelihood move this sharply higher at the opening.

The last RNS regarding FEED on 8th March gave some clear pointers to the next news items we can expect:
“ Engineering, Procurement and Construction ("EPC") commercial proposals have now been requested.


· In addition to the FEED, other technical work has been progressing in parallel, in the lead up to development sanction, including:



o Environmental, Social Impact Assessment ("ESIA"), for which onshore and offshore environmental baseline surveys ("EBS") have already been conducted;

o Field Development Plan ("FDP") is being finalised by the Lixus joint venture partnership to enable the award of the production concession;

o Development drilling planning is ongoing which can further evaluate the potential of an additional 754 Bcf of 2U prospective gas resources for minimal additional cost. The targets identified have an independently assessed geological chance of success ("Pg") ranging from 49-61%.”
We saw a very promising rise last week. It was no doubt partly fuelled by ISA purchases at the start of the new tax year but the volume and size of some trades suggests there was more to it than just isa purchases. There is a lot of news that could land any day now in the run up to FID. It would not be unreasonable to expect this rise to continue in advance of news to at least 18p, which was the share price for the last raising of capital.

It is looking very positive from a chart perspective. From the very positive share price movements we have seen recently Zac’s view of 36p as early as the end of April looks very achievable. Obviously if we get further news this month one would expect the sp to move much higher than 36p.

Crumbs are you able to provide any background regarding the question you posed earlier this morning:
‘I'm starting off with a - Is that right? that Lindy is traveling to the US on Astra Zeneca's private jet :)“