Member Info for Legalwolf

I'd ignore the spread. It's actually becoming more expensive to buy these. At the moment, it's a case of getting what you can between 0.3p to 0.35p. Previously it was 0.25p to 0.3p. All being done under the hood and before the newsflow lands. All imo and dyor

Yes, I was also thinking that gap on the chart would be a possible short term target. Zak Mir will bring some traders in with his coverage. Interesting times coming up here for sure. GLA

I think a LOT of people will be waiting to catch any pullback in the price. Not sure it will happen at these cheap and single digit levels, but a bonus if it does for those of us looking to add or enter. Should be another exciting week and you would think we will close it much higher than last week? But let's see and GLA

If I occasionally post on a share that I was once a LTH in, and still have on my watchlist, how does that mean I have an agenda? Is there some kind of rule that you can only post if you still hold shares in the company? No, I don't think there is. It's an open BB and for open discussion. Therefore, I will post whenever and however I want, thank you very much. If you don't like my posts, then just hit filter, but don't try the amateurish accusations with me, as they won't work.

As I've said before, there is definite upside from here, given that newsflow will be positive here in the next 3 months and the share price has reached a bottom. Therefore, this is a really good/strong bounce back play, and I'm also a buyer at these bargain basement levels.

Could be onto something there, because LB did mention that NHE might end up using our Rig at some point. I thought she was referring to follow up drilling by NHE, but just wondering whether NHE are looking to get their raise done on 27 July first, after which they might then announce that they are not proceeding with Marriot, but will be hiring our Rig instead. Whilst they would incur drilling delay by doing so, they would at least save significantly on costs, and could probably afford to drill a number of targets in their string of pearls play?

They would also then have the results of our drilling at Tai, which they could then factor into their own plans. Remember, NHE management own around 40% of the company. Will they not want to de-risk or strategise their investment to an extent? Remember also, that they have always been willing to let He1 drill first, and have form for saying they are going down one route, but then ending up in another (e.g. farmout to placing). All imo

This is why I said at the start of the year that I would NOT even consider touching GCAT again, until at least the Prospectus was issued, no matter what else the company is reporting via twitter and RNS. It's very difficult, for the reasons already discussed on this BB, to make a proper assessment of the merits here (short term and medium term) without having any sense of basics, such as what the company's share structure is/will be, assess the dilution and overhang from the various financing arrangements, and its likely impact.

Is there any risk here of cheaper shares being flooded out at retail investor's expense, before you even knowing or realising that. I only ask because of the past form of the company when it comes to reporting matters promptly? All imo and dyor

Showing some signs of turning the corner here, with buyers/buying starting to return. Once it stirs into the life, there wont be any stock left in the 0.3s, and you can then see 0.4s being taken out fairly quickly, because that's when most of the buyers/buying will arrive. Therefore, it's a good time to get in at these bargain basement prices for the upcoming Hurricane. I think a number of people are getting in early for what looks like almost guaranteed upside from these levels just from the anticipation. Certainly a lot of the trades under 0.3p have been reported as sells, so savvy investors who know what is coming up have been buying under the hood so to speak. Even the trolls have run out of anything NEW to say, but will obviously keep going because that's their MO, and they know that they only have an audience when the share price is not performing and they can feed off the negativity. All imo and GLA

I think there's plenty of demand at these levels and plenty of time to spud. Therefore, pullback or not, it's only a matter of short time before we break through the resistance at these levels. Interestingly, if you compare this move to the last drill, not only have we had a stronger first week, but also much higher volume.

More fun and games next week for sure. GLA

This is starting to have the feel of a stock ready to move back up. If they hit gold at Hurricane, then that has to be a few bags from here surely?

MM raising the Ask to 0.4p?

0.34p on the Ask now! Could this be the start of the Hurricane?

Just seen it. Someone obviously messed up there very badly!

I think you mean 9.6p?

The fixed quote has gone up to 0.33p. I think this is just a case of scooping up what's available between 0.3p and 0.35p now. Anything below 0.3p will be a bonus, and it will be difficult to impossible to buy big down there. All imo

Final hour of trading should be strong. We're in the very first week of Rig announcement. When you consider that there's potentially a 7-8 week run up to spud, then there's every reason for buyers to expect upside from these levels during that time period, even with sellers and shallow or deeper pullbacks.

Also, for those of us looking more longer term, I would have thought that we would want to see some price congestion on the way up, rather than a straight arrow. Therefore, if 10p is the first area of congestion, it's one that will be cleared quite easily I would have thought. And then we want to see further congestion zones on the way up. Signs of strength and healthy price action.

I'm going for a double digit close today. Think we will see another big volume push into close. This is pure guesswork of course, but what regardless, what a strong reaction to the Rig announcement this has been. 18 months of pent up buying power being released in one week. All imo and GLA

And we are approaching this upcoming news flow from rock bottom prices. Only has to get into the 0.4s for you to be around 50% up from these levels. I suspect most of the stock at sub 0.3p is being scooped up already with buying under the hood. Certainly all of my sub 0.3p buys have been reported as sells.

Bid now at 10.10 and Ask at 10.3. Sub 10p lid has been shut and the nails are going into it.

A much better interview from AJ that. He did well in maintaining the interest around Lolworth and building up the excitement for Hurricane as well. Lots of on the ground work to come in August, followed by drilling in September. Time to keep accumulating these and getting what you can at these levels imo.

A great battle this at 10p and so early in the day. A lot of sellers being cleared, and strong buying taking whatever they can at sub 10p, probably realising or fearing a very strong close this pm?

Looking for the bid to be raised to 10+ to signal the battle is over?