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I surgest you close your short . If the take over price is still £2.30p that RNS would hurt .

The current SP is due to the price of oil and debt build up from that price drop . The Take Over price is about assets and potential of the licences the price of oil is being held artificially low deliberately to bankrupt fracking oil company's . So time will tell who it is that dose not understand . This is nothing like AFREN . Using your theory BP should be 5p a share as they will be selling oil at a loss in some cases to ride it out .

AFRON is of no relevance as this is all about assets and potential future revenue . All AIM shares are about future revenue .

If the only factor is the price of oil . Which will return and even be higher that just over a year ago then £2.30p a hare could be the Take a Over figure . I was being safe allowing for any un known factors . Saying £1.20p a share because that would be minimum accounting for consolidation in the past . Most majors are in around that .

Think it will be the further waiver of repayments RNS some time during the day . This should lead to weeks of SP increase due to market confidence echoing the Banks confidence . The TakeOver price RNS could be days or months this is AIM ! . But during that wait we could well see a few 100% rises and big retraces . Good for trading , the gamble is being out if a £1.20p a share RNS drops ( based on Dragon Oils offer £2.30p over a year ago , debt built up since then ) . So I wouldn't waist a day watching the screen .

Will we get more shorts closing and a rise in SP to indicate a leak on payments .........18 January 2016 Petroceltic International Plc Senior Bank Facility Update Petroceltic International plc (AIM: PCI) ("Petroceltic" or the "Company"), the oil and gas exploration, development and production company focused on North Africa, the Mediterranean and Black Sea regions, today announces that, following the announcement by the Company on 23 December 2015 of its strategic review, it has received a further waiver of repayments under its Senior Bank Facility extending to 29 January 2016. The Company's lenders have also indicated their willingness to consider such further waivers as may be required to continue the strategic review process based on circumstances applying at the time of any application. Further announcements on the Company's financial position, and the status of the strategic review, will be made as and when appropriate. If we get the RNS Friday indicating another month , that will give confidence in the Take Over as the banks are kept in the loop . Then we should see the big climb possable +100% in a day . Waiting for the offer my guess is still £1.20p ...near half Dragon oils offer just over a year ago and just below consolidation price so will keep the big holders happy , World Views clients included

Mr Codders pointed out to me that AIM is all about trading the swings not buying and holding . Oil and gas over exaggerates this placings are needed regularly to fund each stage . So never buy a AIM share to hold for ever especially oil as once the company reaches a self financing point it will progress out of AIM very fast . Instead look for possable SP swings eg . The next payment waiver RNS probably Friday then a price per share offer . Or just a big jump from a leak . So to answer the question the Take Over RNS put this on my Raidar . Lots of RNS to read a quick update as a business would be nice . Strong buy for the extension RNS .

Another 39,000 shares returned , another big short closed . The shorters are better informed than us , so if they are all closing their short then they exspect a half decent Take a Over price or offer soon ! .

The shorts have been closing ( RNS ) . The SP brought down to protect the shorters . The point is don't invest in AIM as it is a shorters market . Buy when there is a possable significant event eg a Take Over . The Brokers Naked short , our Brokers short and the rich short ! . Don't invest . Look at ten random 5 year charts for proof . Or read all NEW articles last year .

RNS yeasterday another 29,000 short closed . Payment waiver news very soon should see us climb . Price of gas will give very good future value ........

It all depends on the company's value its assets ( including licenses ) . Not the M Cap which is made by share price . We the share holders will get to vote but if things are bad we we be advised . As said Dragon valued us at 2.40p just over a year ago . So still think £1.20p is possable , half last offer because of oils decline and just below consolidation price to keep big investors happy .

Could be the main reason they do a Take Over . Expensive principles . Let's hope the financing partners feel the same .

What % do worldview have to buy ? . They hold 29.6% some of which must be in the free float as free float is said to be over 75% . They don't have to buy the shares held by instatutions . So what is the % they need to buy ?

Why ? . If worldview had not put a TakeOver intention forward then PCI would not have as good a chance of a extension on payment waivers . Because of the negotiations a extension is a certainty ! . So that in my opinion rules out your theory . If it had gone to the banks they would have lost their 30% and the banks would have stripped it selling everything separately . Which is what Worldview may want to do ! .

Surely World view approached their finance partners before declaring their interest in a Take Over . I am sure they didn't just wake up on Thursday morning and think lets buy PCI . Lol . But this is AIM !

Sorry don't know I am here to trade on Waiver extension , Take Over offer target and any leaks . Past that I will be gone .

Last RNS a short closing previous RNS 16,001 shares being returned ( if that is another short closing ) . Then the MMs have some shares to play with the SP . Another reason for wild swings as the weeks go on .

Buy then sell near same price ....Was that a short being closed ?

MMs will do their thing . Private Investors don't know what to do untill some news . As said I think the next news will be a payment waiver extension which will give the humble PI some confidence till further Take Over news good or bad . Worldview and the banks have access to more info than us so a extension and possative news on negotiations should see this fly . My guess is £1.20p or bust . 75/25 on which at the moment purely because Worldview are throwing time and money on negotiations . £1.20 because year high by then and just below consolidation price and half Dragons offer just over a year ago .....has to be a good start point for negotiations . All that has gone wrong is the price of oil and a poor BOD .

The mad trading swings have started . Which news first waiver extension I would exspect .