Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.investegate.co.uk/baron-oil-plc--boil-/rns/change-of-adviser/201804270700113149M/
That there is no news from XX1. I didn't think that MB went over there just to do an office inspection or an audit. I had it in my mind that he was there to sign off on a deal and now I'm wondering why no news? If we haven't got a farm in then get a rig and crack on our own.
I'm still being offered an on line price for my whole holding (more than 10mil) and it's above bid price. Considering the 10 mil sell last week and other sizeable trades I think there is a big buyer trying to fill an order. IMHO.
I do agree with you there and I think that your 1.5p is on the conservative side. I personally am thinking about 1.8p and that is conservative. If the hoard arrive I could see it going above 2p. Where there's a seller there is a buyer.
I think the reason that the sp moves so quickly is down to the amount of shares that are actually available. Over half the shares are held by major share holders who all bought at a much higher price and will look to hold out to recover their losses. I would estimate that there is about 25% held by long term share holders who, again, are holding out in an attempt to recover losses. IMO there is only about 25% or less of the total shares that are being actively traded (when they are). Expect this to fly when JV or near term drilling news is announced. Anyone sub 1p will see an easy profit IMHO.
NEX showing a trade of 969,204 @ 0.474 which I think is a sell. LSE showing a trade of 1,246,874 @ .475 again I think that's a sell. MM's are paying above mid price for a reason. I still think they're trying to fill a meaty buy order.