Member Info for itsgambling

Milton holding down. Looks like they took some placement shares but the net effect of the shares they took and the placement dilution resulted in an overall drop from 8% to 6%. Notably no other tr01s. I now suspect more than half the placement went to flippers. Who won't want to hold until the end of the drill. Need decent volume to churn them. Still no news on workovers which is really stupid. Why promise news in 2 weeks and then go silent for 6 weeks. A simple update would do. Conf call will be interesting. IG

Deal. And to be clear - I hadn't specified the break from moaning was limited to here, so Mrs S might owe me a beer :-) IG

Sheltie ... if we get RNS of submission this week ... will you take a whole month off moaning? ;-) IG

Hi Eldorado. I'm going to hold out for a bit longer. Partly because I'm waiting on news from another share and also I see no rush to get in here with most of the overhang still to churn. Much as the irritating child (now blocked) seems to misunderstand, nobody is going to move the sp with chat on a forum, is just an opportunity to discuss the pros & cons. As I said before, I think your targets are realistic and readily achievable, even with the huge dilution. Best of luck to you. IG

Frustrated that I've not bought in at higher prices and can now buy in at very near the all time low? Frustrated that I've been almost bang on with my feelings about this company to date? Frustrated that I've held my opinion about the firm and progress for almost a year while so many other posters were ramping this to death, attacking me, and watching the sp plummet. Nope, not frustrated at all :-) IG PS: What happened to "Don't you understand aim? This is an upcoming oild drill... No matter how many shares .. If the placement gets votes through then we will see a price surge." Ooops - naivity resulting in frustration...

You do realise you're invested in an AIM listed oil exploration company don't you? I do worry about the kids these days [sighs in dispair]. IG

Not sure where you get �2.5mill, very optimistic thinking. I've been keeping rough track and would say we're not even half that. It's just the large sells you need to keep an eye on. Not all the 90mill shares will be flipped, my guess is about half. And I didn't say it would do any harm, I said it would keep a lid on the sp and possibly a small drop to encourage buying (if news doesn't do the trick). The mcap is the highest it's been since September 2017. Thanks to the fund raise. There is a good amount of funds now. Sadly the majority of the cash in the bank is an interest free loan to SNPC - that they don't need to repay if the drill is a duster! Bargain for them! IG

TYPO - (doh!) Not sure I remember anyone being "confident" the placement NOT going through. That was only ever a slim chance but the result would have been catastrophic. I felt (and posted) it was only a slim chance but not worth holding through as the placement overhang would allow entry at the same price after the GM [proven to be accurate]. Similarly, I've not read anyone "worried" about the magnitude. It's an enormous placing, that is a simple fact. 150% dilution is massive even for aim. There will be a huge amount of flippers that will require high volume (likely achieved with news of licence & rig) to churn through - I expect that will happen before drill but there is no guarentees with aim. IG

Not sure I remember anyone being "confident" the placement going through. That was only ever a slim chance but the result would have been catastrophic. I felt (and posted) it was only a slim chance but not worth holding through as the placement overhang would allow entry at the same price after the GM [proven to be accurate]. Similarly, I've not read anyone "worried" about the magnitude. It's an enormous placing, that is a simple fact. 150% dilution is massive even for aim. There will be a huge amount of flippers that will require high volume (likely achieved with news of licence & rig) to churn through - I expect that will happen before drill but there is no guarentees with aim. IG

The level of dilution was also on a different scale to the 150% dilution here. We'll get through the overhang imo but it would be blinkered to pretend it didnt exist. IG

Thank goodness I reckon. Can't stand all the vacuous pumpers or trolls with endless posts but no basis or substance for their predictions. IG Ps. Big news tomorrow. Gonna fly. Wouldn't want to be out if this one tonight.

20-50% over the next 3 months is a very reasonable target imo. Drill result could easily bag or more but is a gamble. I believe there will be a lower entry hence I'm waiting. Best of luck. IG

Are you 8?

Are you talking about the ownership structure prior to the 150% dilution? Haha IG

The last RNS on workovers was over a month ago and essentially promised flow rate news within 2 weeks. Now they are keeping the kids happy with photos on twitter. Oh dear. I'm shocked at myself that I'm considering investing in anything associated with these jokers. I think the drill will happen and there will be positive movement in the sp (possibly a drop first to clear the huge overhang) - but I agree with a previous poster that I've never seen as appalling PR & comms as this lot have produced over the last year. IG

Not surprised sister changed their tune (they may think the bod have done a shocking job but they still have a lot invested here and want investor sentiment onside). Expect to see an mcap of c25mill here as excitement builds. Just need some volume first to churn the flippers (circa 30mil left to flip is my guess). Am intending to buy in over the next 6 weeks. Will post if / when I do. Best of luck. IG

I've been keeping a rough tally (based on the assumption that the chunky rounded amounts are the 'forward selling') and it's only a few mill so far. In my opinion these are all existing holders who have also taken placement shares, selling their existing shares. So nobody has actually 'forward sold' - as it would be very high risk to have a naked short with the slim chance the placement could be overturned. IG

:-) Mms doing a great job of creating and maintaining interest here. IG

Clearly the recent big sellers (1.1m, 500k etc) don't see a guaranteed rise from here ... They are obviously related to placement shares and are happy to take 15% profit. However, if this was a no brainer 30% in a week or two, then I'm sure they would wait ? IG

That's from January? Before the trial failed to meet it's primary endpoint. Re-posting this rather smacks of desperation... IG