Member Info for JohnHenry

Bo showing his very limited knowledge of market forces. Announcing to the market a 20 VWAP to determine the price for the $600,000 rig purchase.

Was always gonna end in tears.

Why he didNTconduct a placing and involve AS iseems the better route for a higher SP

20 Business days. 4th July

Calm your farm lad you seem a little up tight. Merely pointing out equipment got stuck during perforation operation not drilling as youve been spouting.

Punter may i suggest you read the INEZ RNS

During the course of initial perforation operations at Inez, downhole equipment became lodged in the wellbore, requiring a fishing operation (the "Retrieval") before the Company could proceed to full-interval production perforations. The re-entry operation commencing today is designed to address this directly.

Momentum indicators show the SP is at its weakness since IPO

First seen 2 years ago. Price action closed the SP below the 200 SMA. 3 day close below this level will be negative.

Lack of operational updates. Forward selling by AS and the potential of a placing driving the SOP lower.

Sentiment negative.

Aimho

All the large trades are sells.

Price action dipped its toe under the 200 SMA. Daily RSI oversold

Price getting into the area of the March Placing price @ 25p

Market pricing out the progress made in the last 12 months, does appear a tad crazy.

Simple MA sits at 31.25p which imho will be tested.

Price action bares all the characteristics of a Placing. hence why no news on INEZ despite the company taking 4 weeks to try and retrieve down hole equipment.

AIMHO

Kaeren Adam could simply use a UK broker and forward sell on the LSE.

VWAP is 20 business days therefore day 9. The announcement of the 20 VWAP allows peeps connected with the deal to short on low summer volume.

Giving them a low SP for the $ 600,000 deal.

Looks to be the drifting target for support without news.

Would indicate drilling operations have been completed.

During the course of initial perforation operations at Inez, downhole equipment became lodged in the wellbore, requiring a fishing operation (the "Retrieval") before the Company could proceed to full-interval production perforations. The re-entry operation commencing today is designed to address this directly

LoedWM may i suggest you familiarize yourself with the latest Inez RNS to ascertain what downhole equipment is lodged in the well.

Market reaction is simply traders selling the news.

Give up Punter with each post your showing more Naivity

On this occasion Punter your the Knob