Member Info for icemax

jdam, how can you not get the fact that volantis need to shift many, many millions of shares, and which they can sell at any price, including sub-2p, and still make a minimum of 15% profit?

BrutalDeluxe - no the first drill in May wasn't a duster, though it took drills in the autumn of 2010 and then in Spring 2011 to move from P2 to P1 figures.

Starchild, I'm all for positivity but that ramp was really quite shocking. It's one thing to keep those invested here in a more positive frame of mind, it's another to mislead any new and novice investors.

Rockhopper reached 550p after 5 months of appraisal, which it did so at the heights of the small-cap oil frenzy that stretched from 2009-2012, and at a time when oil was at a premium. It was grotesquely overpriced in the rush. But more importantly at the time, it had less than a tenth of the share issue of bpc and without being in a state of active dilution.

There have been some reasoned posts here explaining why bpc might in time after further exploration/appraisal, be worth 30p plus, but nothing like that will happen within the time that bpc has the icemax.

@Stevenwest, 5-7p is possible should the first appraisal drill prove very positive, but it will depend on the extent of the ongoing dilution as to whether that is achieved or, indeed, maintained.

Shark, until the JR has been conducted and until production agreements have been revisited and agreed upon, it is not possible to report P1 values. It is also highly unlikely that a single drill would be sufficient to produce a clear picture of even P2 values. Whilst I have no doubt that this share could double in price or more on favourable findings, bpc is a long way off yet from having P1 resources.

Bahamas Petroleum Company (BPC) had a busy week. The Supreme Court of The Bahamas granted the application from environmentalists against the Government of The Bahamas to seek leave to bring judicial review proceedings in respect of various decisions taken by the Government in relation to BPC's licences in The Bahamas, but refused to grant any orders that would affect BPC's current operations, which means that the drilling of Perseverance #1 will continue. Financing remains opaque, but there’s probably enough available to get its Bahamas well drilled. Thereafter, it becomes problematic, extremely so should the drill result be negative. A huge amount of stock needs to be sold into the market here.

To add, the system is really designed for high volume shares, especially those on the main market, although given any decent volume then the accuracy of the algorithm improves.

stevenwest, the only way you could answer that question would be to analyse the trades along the lines I have said. When you get the measure of it, you can usually scan the list and conclude the number of sells vs buys but, in the outcome, it's really immaterial, the only one figure that matters in the SP. As a rule, it if up, then more buys, if it's down, then more sells.

Not automated trades, which are a different thing, but automated reporting. Whilst the MMs will have their own book, when trades are reported by a system such as London South East the system 'guesstimates' whether the trade was a sell to the book or a buy.

It does this simply by comparing the trade price to recent (lower or higher) trade prices. That can be tricky when the real spread is very close, as it has been too large extent since Volantis started selling their shares, due to the need to move these on as quickly as possible.

Now, different systems use different algorithms, so whilst the London South East reported the 5m trade as a buy, for example, the Quotestream Platform that I use reported it as a sell. So assuming that a trade has been executed at the reported time - it may not have been, or may the result of aggregated trades - the way to judge a trade is the price action before and after the trade in question.

In this example, there had been a series of trades at 2.15, yet the 5m was sold at below this. After the trades, there were again buys at 2.1475 and 2.15, whereas the next obvious sells were at 2.125. The direction of the SP usually tells you what has happened/is happening.

Until Volantis have exhausted their shares, its unlikely that there will be movement here until the inevitable rumour closer to the results.

I wish all LTH the best.

There was one large buy, from Starchild apparently. The other large Ms were clearly sells - Volantis still rocking.

There really ought to be a sticky on this board that explains to newbie investors how automated trade reporting works.

Scrub that, have found it on the LSE, whereas looked before and couldn't

With apologies for being so totally off-topic, does anybody know how I can find out about upcoming listings on AIM? Not looking for a record of what has occurred, but notice of new listings. Thanks, and apologies again for using this board.

Fatal, I feel on dodgy ground, in case you are having a laugh on us. But for what it's it's worth, I apologise. Indeed, I've been thinking over the past week that my posts can be sniping and that it makes nobody feel good, including me. For that reason, I'm going to see if I can take a break from posting for a while.

But, good news for all LTH (and, indeed, traders). Not going to do a cringy xmas piece, but good luck all.

Fatal, no-one has an issue with you being a knob, it's being an annoying knob that we object to.

DutchStanton, yes, you'd think decent Germans won't want to perpetrate the world's view of Germany. Let's hope it never happens again.

https://www.facebook.com/eyewitnessnewsbah/photos/a.1810964232546033/2499660670343049/

The germans are sure gonna miss the £8bn net we give them to build their factories in the east bloc.

And the 25% tariffs on US goods lifted from Jan 1st.

But apparently, we forgot to negotiate about seed potatoes in Scotland. Imagine the next the independence poll rallying call..

I don't think so - I saw an Ocado van offloading a **** load of booze to them earlier.

Cars Coffee. Not necessarily, it must be 2.3p in aggregate. Bet they are still above 2.3p average at the moment, though that matters more to BPC than Volantis, who will be looking to move on the remainder 300m asap.