Member Info for Legalwolf

Shot up like an arrow. Managed to get £5k at 4.5p but that was it!

With the winter shutdown, I doubt very much that export licence and exporting oil will start until April. It was telling that neither the interview nor MB went into the current finances. Sarah L normally always asks about funding. Clearly, it was off limits. MB confirmed that the work programme for which the unexpected summer placing was needed has been carried out. That means that a lot of the summer placing funds will have been spent.

No wonder there has been a lot of selling. Back to back placings with sellers in the know would be my guess. But let's see.

All imo and dyor.

BOOM perfectly timed RNS. Should be another great day here. Over 5p on TSX. Would love a 90% rise here today.

Today is the day to build a stake.

I think the reason there is so much selling is that there will be back to back placings. The last placing was sold off in preparation for the next one.

With no sales revenue until April at the earliest and £millions needed for current work programmes then it would not be surprising to see a raise for a few million quid. I say that because there was no mention of funding position but MATD will have spent most of the previous raise on Heron 1 & 2 and Gobi etc.

If so, best to just get it done with, rather than wait and then have to discount it from even lower levels. All imo and dyor

WOW. Isn’t that over 5p?

Understood folks. Well as I said tomorrow morning is likely to be the last chance to get in at these levels and take forward a nice average. Expecting massive volume to come in again to set us up nicely for a Friday FOMO. Assay results could start to arrive from next week and fuel prices up even more. See you all on the bell tomorrow and GLA for tomorrow.

Yes, definitely looking good to catch up with Canada tomorrow, as it finished strongly today. Lots of demand at these levels and really good volume today, closing at the high of the day. This has broken out earlier than expected and before the first results from Pepas are in. I think we might well need to revise our price targets for just how high this will go by close of play Friday, especially if Canada is buying in tandem with London.

Could it be another one of those mega runs, that just fuels itself and keeps on going? Last time round, it blasted out like one of Elon's rockets and did the meteoric rise from 4.5p to 45p in JUST TWO months. This time round, we have at least two months of newsflow to come from just Pepas drilling alone, followed by the resource estimates.

I'm now re-thinking what to do and whether to throw the kitchen sink at this on the opening bell tomorrow. Fingers at the ready folks and GLA.

By the time Friday is done, you'll need to do a Black Friday Special, and see if you can give them away for free?

Send them to the OMI team, they could probably use some toilet paper whilst out on site.

And there you go, Bid and Ask up into close. One for another rip tomorrow folks!

Don't think there will be too many sales of 'Trading by Bhargav' this Xmas?

On a bit of a rip. Goldies have done well this week.

4.07p to buy in any decent size. Bodes well for tomorrow. Might still close at 4.2p if the last of these 4.07s get gobbled up in the next 10 mins.

I'm being offered 3.8p, so clearly MM are prepping for another push up tomorrow. At this rate of demand, we will likely see 5p by Friday. GLA

Buy them back at 4p Bhargav - once this little shake/pullback is done and this marches on to 5p, you'll be thanking us. We have PLENTY of trading sessions before the first of those Pepas holes lands!

Yes, well done Bhargav (albeit rather premature sells). Glad you are enjoying and benefitting from the rise.

Volume today has been very high, which means we should continue to march on tomorrow. 4p is still a ridiculous entry into what will likely be sizzling Pepas drilling results.

Its a very strong green candle so far, carries on like this into the final hour and we will probably finish around 4.4p today. GLA

Great point Imp. It's elephant country and they have mines operating nearby including by big Chinese players.

Could sell the project for a decent sum, retain a minority stake, and then go for Argentina?

4p is cheap as chips. I'm buying into this dip as I think these prices will be history going into the weekend.

All it will take is for the first hole to be a corker and it will be a meteoric rise. Plenty of time for it to all play out as well. GLA

Last few left below 9.5p, as being quoted 9.71 for only £5k. Shakeout timed well with site visit due to finish today, meaning we should get a RNS incoming tomorrow (or Friday)? GLA

I can accept that they are in a closed period and therefore probably can't buy right now. But they have had plenty of opportunity to do so and could have taken part in the recent placing.

Still, it matters not right now, as we are on the march upwards regardless.

At this rate, we will hit 5p tomorrow.

Breaking out for next leg up to 5p by the looks of it. Still as cheap as chips this. Will surely get there by the time this week is out. Time to load up.