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I might be wildly wrong but it looks like the middle man bought up the 41m at 8.25p and is now distributing it to the last of the buying consortium at the agreed price, hence the 8.25p price still appearing in the last 2 days prints
Not really dodgy....if the seller had sold constantly the price would have dropped down as it had to the 7s, so a deal is brokered that lets the shares go in bulk, seller and buyers both get a good deal and we can move on without a massive overhang... The seller imo didn't like the partner, selling started with the announcement in December and ( hopefully) finished today with the official sign off..
Well that was a big trade yesterday for £400k that just printed so someone wanted them at just under 9p, the games here will end, drilling will now 100% happen on and offshore with no need for imminent dilution, gas is there., other 2 pillars not dragging us down... but come on sp catch up!
I find it baffling tbh, i did notice brokers notes didn't up their target prices even though today has surely taken some risk off the table? Guess they are already so discordant with actual SP any increase would look even more fanciful!
There isn't a big sell at the moment ( unless one is being worked?) buys are 3 to 1.
today's RNs adds the option of a 2nd offshore well. Enog are keen so I'm glad they are now in charge and have come out with a fast time line of Q3, so will catch up
Char were imo running low on cash, this is now sorted with the 10m so no need for a raise
Enog deal covers offshore costs and includes some back costs already paid for by char so now we wait for the 2 onshore wells and the 1 or 2 offshore in Q3.... Feeling much more relaxed about my investment today regardless of current very depressed sp
Https://www.voxmarkets.co.uk/rns/announcement/53538da7-cb31-499b-9a5b-301e9d208400/
Https://twitter.com/Chariot_Energy/status/1775407393771270632?t=-waITDRCzfHVEv9nZkSYmA&s=19
Not as relevant but it shows Omi have a voice again....
https://twitter.com/OrosurM/status/1773525040866509032?t=dX4Ab-ld5lzGzWdqr14l-g&s=19