Member Info for John2015

Atisha exactly that.

The only people making money on this share are the MM's and a few canny day traders thanks to the repeated dilution and news that isn't quite informative enough.

Once or twice could be a mistake but this has happened so many times it has to be deliberate.

I had high hopes for the share but now I'm just looking to break even at 1.8 and get out.

Keep adding more

Ok see that so 5.9 bn.

Thanks.

Must have missed it I was out most of the day. What was the explanation ?

RNS 27/08 Shares admitted to market 30/8 shares in issue will be 5.9bn.

I note the shares in issue today according to LSE info on share price etc is still shown as 5.3bn ?

Is this a mistake on the part of London South East or are we to believe none of the shares in the raise have been admitted to the market ? ?

The 10:37 150,000 trade @ 1.557 was me buying but it is shown as a sell.

Were the 4 x 500,000 sells buys as well ?

MM's widening spread to mislead perchance ?

3 days on the trot held at the placing price.

The churn has been so large there can't be any placing shares left to sell that anyone wants to sell.

Shorters having a field day ?

Surely no large buys or sells left to fill at such a low price.

It always makes me nervous when the sp is artificially held like this because you wonder what’s coming next.

Come on let it go up for goodness sake demand is huge !

6p would do nicely as that would be a 3 bagger plus for me.

Seen 23p 15p 10p 6p 0.25p 2p surely even with 5.6bn shares 3p should be achievable with a bit of decent news like the mining licence approval and a JV should take it higher - as long as there are no more placings ?

Holding 800,000 shares at an ave 1.8p now but feeling like every time a profit is in sight the game gets changed to move it a bit further away.

Well over 1 bn shares traded in the last 2 days and far more than that since placing shares admitted to the market on 30/08 so why are we stuck at 1.09.

Buys appear to far outweigh sells. Good RNS knackered by placing but surely the news combined with curb of all the placing shares anybody waned to sell should be driving the sp back up by now as we were at 2p briefly on Thu 28th ?

Dilution would explain dropping to 1.60 to 1.80 maybe the news wasn’t as good or clear as wanted but surely we ought to be higher than the placing price ?

All of which we have the BOD and Lorna to thank for - yet again.

AIM isn't manipulated though is it autocorrect got me again.

Ain't it just what a coincidence the sp is exactly at the placing price.

NOT.

AIM is manipulated though is it ?

About today with any certainty is that either the buy sell figures are so far out of whack that they are meaningless or the market does not see the EWT as a positive because the flow is apparently fairly low and the investment required to make this economically viable means another placing or Jo is inevitable.

Not what we were led to expect or hoped for so all in all another pretty disappointing and expensive experience.

Averaged down a bit more holding to see where we go next resigned to a long(er) slog to break even or trade my way out.

This time next year Rodney……

Is mental.

No wonder the sp is all over the place.

Hoping for a recovery to close as the overhang must be gone now.

If not then a lot of people are selling but showing as buys.

101m shares 10:54 ? Might explain a few things. Will we see some more or is this the bottom.

To be honest just taking the ave down a bit more ( now 1.8p ) and waiting for the next spike, if it comes to get out with as small a loss as possible.

Should have sold last week at 2p when I could have broken even.

You live and learn. Sadly the BOD have turned this into a traders share.

With lift 6k cu ft daily @ $450 1k cu ft = $27k per day.

20 wells = $540k daily 30 wells $810k $ daily.

Obviously there is a cost to drill more wells - but if they all flow at this kind of rate they pay for themselves with a couple of months production ?

Essen 17:38 I wouldn't bet on it. Nobody thought she would do it with EWT1.

Twice ? This is the fourth or fifth time in 12 months.

500,000,000 shares is a big dilution whether it’s 10% or not.

The placing was at 1.09 when the sp was 2.00.

The sp now is around 1.25 to 1.30 which is down 38%.

I don't know about anybody else but I'm pretty ticked off that the placing wiped out the impact the early EWT results should have had so the loss to shareholders is much more than 38%.

I wonder how the CEO would feel if her pay or bonus was cut by 38% plus won the day she expected a rise.

Just a trading share now thanks to the repeated placings.