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.
Looks like that's all of those .495 buys gone and the first full ask price at .5p just gone through. A small trade but IMO indicates that the ask price is being pressured. Need to see the bid tick up when the ask does.
It's one of the few smallies on here with so many positives. No debt, drills planned for the next few months and possibly a joint venture on an exciting prospect in SE Asia. This should tick the box for many punters/investors as there should be a frenzy pre spud and while the drill bit turns to keep the punters interested. Investors will stick around to see the drills complete and hopefully be rewarded with at least one of the three being a success. If you look at past unexplained spikes on the sp this flies very quickly and with little volume. Just think what it will do on a successful drill. The upside far outweighs the downside.
ADVFN showing 2 x 5mil trades after hours @.5p each. One took place yesterday at 1640 and the other was today at 1715. LSE showing 1 x 5mil trade but stating execution was on 27th (yesterday) and quotestream is now showing 1 x 5mil trade on 27th ????? How late are they allowed to be? It was almost obvious that a large trade was being worked yesterday.
Not sure why we've seen this rise but the MM's certainly seemed a bit excited although they seem to have calmed down now. Big spread .5 v .6 and all flatlined on the bid so it looks back to normal for a minute. Just shows how quickly this moves and what will happen when news does hit.
Not sure if I'm reading too much into this but our nomad Cantor Fitz has been all over the place this morning on L2. They are leading the MM's at the moment and they are closing spreads constantly. Do they no something ? This isn't normal movement for Boil.
At least CF had the balls to raise their bid along with their raise of the ask. I have to agree in your thinking that this will take off. Some put off with the amount of shares the company has but most of those are with the major share holders and other long term holders who are holding for a much higher price.