Member Info for JohnHenry

Excellent post Sefton82, you echo the thoughts of many LTH apart from a few Hyper bulls who cant see the wood for the trees.
Recent actions by the company have been truely shambolic, absolute disgrace.
i did predict the recent placing, however 5p wow.
What is concerning is they raised at 15p a few weeks back in an over subscribed placing, therefore why not raise a little more at 15p.
The level of intelligence shown by the company is worrying.

Anyway notice Griffiths change of objective from the presentation.
The first step was achieved by successfully finding gas in the MOU-1 well
They knew they had gas the first step was to see if they had commercial gas.
First step/objective has not been achieved.

Key near-term activity
• Drill MOU-1 to evaluate commercial case for gas-to-power.
Once evaluated, which should have been completed, Griffiths needs to declare ASAP if commercial or non commercial.

6p looking like the likely bottom, sellers slowly drying up however decent buying is absent at present. Imho buyers will rejoin 5.8-6p offer

There is a fib level 76.4% retracement from the lows of last year to the recent highs. 6.4p

there is also some confluence with horizontal support.

May offer some support to the sell off.

Sheephatch im buying daily today was at 6.8p. im here for Trinidad.

i am somewhat surprised by the market, in the fact that it still selling off after 8 days.

Mondays RNS was neutral imho but has seemingly increased the selling pressure.

Communication has been very poor and if indeed Griffiths is planning a placing then he has completely shot himself in the foot.

60% fall since last weeks killer RNS

MEM hardly insignificant when the SP has dropped another 8% and the MKT CAP approaching £15M.

Its becoming quite evident that many large LTH have thrown in the towel these past 8 days.

Most of todays selling imho has come from the same source with a couple of 250k sells 8X200k 4X150k and 8X100k

Certainly the 250 and 200k aimho

Aimho

No idea as im a buyer.

Merely commenting on the days trading would appear the seller stopped around 09:15

being sold i guess from a single source. MMs attempting to clear the seller/s ????

However GRH this is red day 8 the bashing stopped days ago yet still 250k 200k 150k sells stream out.
Take today SP 6.75p Buys 2Million V sells 3 million.
Mass exodus continues despite there being no bashing.

250k 200k 150k 100k sells hitting the tape, imo large seller or selllers still be cleared.

Looking like Red day 8 150k sold 6.9p

What an absolute communicational cluster Fk from Griffiths.

Not in PRDs market DYOR

Disagree imho the MMs allowed supply and demand to dictate the SP level and direction from open.

Shed loads of 100k still being dumped, forward selling due to placing or distressed seller. Imho

Going through the mkt imho

Mkt Cap around £18 million as retail investors continue to bail out

Market Makers weren’t sure how to price the news so they simply let market forces drive the direction.
Which as we know as been a 50% drop and still falling.
Markets hate uncertainty which the two poorly communicated new has unfortunately caused.
There is also the prospect of a placing overhanging the market which will continue to act as a negative driver.
Red Day 6
Aimho

"PIs are CLEARLY not the audience for PR or comms"

Strange attitude considering the majority of the shares are owned by Private Retail investors and will dictate the share price.