Member Info for Infor

Hey Massive, did you actually buy 255k @ 2.84 at 10.15am?

A turn?

Think SYN will move before these.

'A short squeeze is an unusual condition that triggers rapidly rising prices in a stock or other tradable security. It occurs when a security has a significant amount of short sellers, meaning lots of investors are betting on its price falling. The short squeeze begins when the price jumps higher unexpectedly and gains momentum as a significant measure of the short sellers decide to cut losses and exit their positions.'

A short squeeze - yeah thank you!

Surprised about the discussion about 'Viton', we were using this stuff in Ball Valves 40 years ago never gave us a problem.

Ok, thanks. I am relatively new to this one but particularly excited about the carbon capture prospects. Do think the Indian Government will buy it? They don't grab me as being particularly green minded at the moment.

Ah ok, thanks Gordon. Are we due another quarterly report? It would be nice to see the cash coming in.

In their November update they reported more than 10 times the rate than has just been reported?
'The AIM-traded firm said gas rates were currently between 255 million and 275 million cubic feet per day.
Gas production was being sold at the government-regulated price of $8.57 per million cubic feet.
In addition to the C-77H gas condensate, oil production from the C-19z, C-20, C-63 and C-72 wells had now restarted.
"Although the newly reopened oil wells are experiencing 'flush production' - the higher rate normally experienced when wells are brought back online - currently an aggregate of 50 barrels of oil per day including condensate is being produced," the board reported in its statement.
"The oil is being sold at Bonny Light average pricing."
It said that in October, 893 barrels of oil were sold at $78.80 per barrel.'

Say average production is 200,000 SCFD, this equates to 2068 Therms per day.
2068 Therms at say 150p = £3102/day
Not sure how long they have been producing, lets say for the last 4 months?
Revenue since September ~ £372,000?

Must be a typo! 1,000,000 shares bought for £9000

I sense this has massive potential not only in upstream production but in it's Carbon capture projects - very hot at the moment!

Lets hope not!

Do I take it that despite the 'problems' they have generated approximately £250,000 of sales from this well since September?

This is quite useful I think (from Blueberg earlier):
https://seekingalpha.com/article/4573403-polymetal-stock-buy-the-dip-reiterate-buy

Huge support, no movement - strange

I wonder if it was a requirement in David's contract! Mitch has to announce the share buyback and generous dividend to maybe get a 5% movement.

I'll be honest this is a speculative share for me. Yes we all made a bit back in March, and I am back again. I held onto a few just out of curiosity really and saw the rise a few weeks ago - resisted buying until last week. My feeling is that this share has got genuine mileage but knowing the day traders are around I couldn't resist having another dabble.

It gives me comfort knowing that an MM thinks the 'bottom price' for now is what he bought these shares at.

It's one scenario that explains what happened. He still has most of these on his books that he has to shift if he's to make a profit. The vendor obviously didn't want to get stuck with them at the price he had them on his books at. I suspect trading in the wide spread that usually exists, would cover most scenarios for these guys. It's when they don't have the stock at the right price but still have to meet the orders, would maybe force this sort of transaction. Could be wrong.