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100k buy went through though...
I too am trying to figure out what that RNS means...
Persimmon just wait until they start testing again. Remember the last time when they started the flare and they got smoke belching out from the unexpected condensate? Now they have accounted for all the oil this will be separated properly and the swampies will be swimming oil to get out of their sketchy built tree houses around the site. Just a matter of time until we have 2 wells being tested. Funded up to the eyeballs.
A buying frenzy more like!
1 code for those wearing tinfoil hats. Does that mean RNS on Monday? Or a fat thumb? Locked and loaded. CHOO CHOOO!
Good timing too. I had pencilled in this week expecting an update on WN. Expecting EWT to recommence mid Feb. Choking to see that flare stack heat haze again - this time without burning condensate. ;)
Sure hit .7's due to BMD leaking placing news and uncertainty around the general election - general market conditions helped to crash the stock. However, since then things are looking much better. Lots of news in the pipeline. If it gets to .5 hell I'd probably be chucking the house on this. In fact I think people would beat me to it in the .6's as that would be an insanely cheap valuation for Reabold as it already is. This is well and truely undervalued.
Hahahaha - Christmas jokes are rolling in. Hopefully you asre still out when West Newton, Parta and Cali news comes in early next year.
Same goes for any AIM company, knowing when something is cheap and when is a good time to sell. If you didn't want to risk being out when it went over 1p then that is on you PDMSPiper. I am sure there is no worry either way, this company will always have news rich periods and news worth multiples of the current mcap even at todays value. Aim goes up, comes down, goes up, comes down. At some stage I see a rerate for Reabold providing they follow through. Can't get annoyed at someone pushing a positive tune when the price is right and the news is just around the corner.
Geezo, what a **** show. Nothing to see here. Just another dog.
Double Bottom then rockets and choo choo train time. Election today then approval will hit next week? Cash sitting ready for testing and second well all lined up. Wouldn't want to be out of this one over the weekend.
Have to admit I have started scaling in considerably today. There is no way Reabold is only values at 49m market cap. No way. Fully funded for 2 major gas and oil plays with Cali producing. Only thing that has changed is a delay. Not fussed for waiting that's all anyone does in aim. Wait for the RNS. GLA.
Probably dropping because Tom Winnifrith is a weasel. Share talk offered to PR Reabold and Reabold declined. Ever since then they like to deramp the share. Sore losers. They will miss out soon enough.
Everyone and their dogs will will be buying at this price.
When the SP drops for no reason it's a buy signal. BoD topped up at 0.9p. I am topping up at 0.8p. Happy days.
To fail with WN would require other parties not to follow through along with Reabold deciding not to take testing into its own hands. We could easily pick up the testing costs for a higher percentage yet again - the other companies involved may even have to forfeit their stakes. Sure you made some money on this - well done - many LTH here will have taken a slice when it was above 1p and probably de-risked back to the lows. Others not so lucky but I think we are all fairly sure once the flow tests come to fruition the SP will be back where it belongs.
Also worth remembering we could sell the asset tomorrow without further testing and probably get a good profit from the initial investment. Just not as much profit if we were to prove it up fully with more data. So we are fairly de-risked with WN.
Last big sell was at 13:10 roughly - an odd number which could mean the last (depending on tin foil hats and the likes). 'Informed sources' also say he is out. Lets see what tomorrow brings. Maybe some blue after the tremendous news we get yesterday morning.
Seems you are correct with that one - they dropped from Prudential having 9.93% to M&G having 6.45%.
However not sure they have sold any since. They have dropped below the 5% threshold but taking into account the extra 2,666,666,666? shares in issue - unless they participated in the fund raise they would naturally fall below the 5% mark.
6.45% of 4,063,963,810 = 262,125,665.745 - the amount of shares they had.
Versus
5% of 6,730,630,476 = 336,531,523.8 - the amount of shares they can hold up to while falling below the 5% threshold.
So they could have even participated in the fund raise for an extra 74,405,858 shares (£6,696,527)and still be diluted.
Unless I haven't drank enough coffee today I don't believe yesterdays TR-1 tells us anything.
That was no mystery that was due to the share dilution.
8.1p