Member Info for lloydyboy

Yep- totally get it, but keep an eye on the share price channel- if it breaks .33 without news, we are done.

The problem we have is we were told a cornerstone investor took the shares from the placing and were holding. I know of one of those, i dont know how many shares they took, but they are holding. So we then want to look at what they are likely to have invested, maybe £250,000 maybe more/ less we simply dont know. Since the day before the placing we have traded nearly 42 billion shares. My maths, that has worked before is approximately 3x shares traded to turn the placing, that is when there are no holders, just doing it for 2-3% uplift. So now when we break that down, we are clearly range trading, this allows the funders of the placing to sell a bit higher, .033 to .034 and then sell at 0.29 to average out- that is why we have been in this range. MM's moving it about to encourage a few more buyers. But as it stands we need £1.8m more shares traded to be clear of the drag..... However if an insti holder took £500,000 that drops to £300k. But the evidence currently suggests the Cornerstone investor has not taken any more than £500,000 based on shareprice movement. Then we have the thought of, is the company waiting for the churn to end to release news? Very cynical I know.....

Yes after the fact. The market would see the news first

I bought in orignally when it was 0.017 and a 2 mil mcap- in and out to the position that i am holding now

More talk than trades.... We need something from the company to get the rest gone

It actually hit 0.047 for about 30 second between 8 and 8.30

It is still going as far as we are aware, so this would suggest it is more positive than negative. Given the speed of which Howard ended the unviable Vecta drills. He would pull the plug instantly to preserve cash balance if it wasn't. So the wait for results continues.

Thats incorrect though as sagebrush is already funded. The raise was for the next drill, towards the end of the year. Also, if all were held, you would think that at £600,000 you would have a holding RNS.... Instead, we sit in the churn with a further 8b shares needed to complete the 3x churn. So the evidence is pointing to the vast majority being flipped. It fundamentally makes no odds to the resource or the potential of the company.

Explain to me how it is complete nonsense I have all day.

In placing churn, if anyone thinks otherwise you will be disappointed. Up to 40b from the day before placing. it would also suggest the corner stone investor didnt hold and traded out for 5%- nice business if you do it 10 times a year thats £2.5m profit

People are forgetting that we are currently range trading for placing flippers. If the ''cornerstone investor'' holds any we could be getting very close to the approx 3x volume since placing for it to be churned. I have it at about 39/40b since the day before the placing was announced. So we are getting in the zone of free movement. We also know that the value of the company shouldnt be £15m given the assets. So lets see some correction to the £25m mark- but don't get too excited, that is just a correction to price in the assets and cash balance. Not positive results.

Apart from it has been called an extended production test before

Stop being so cryptic and say what you know- obvs very little

That is not the case, this price has nothing to do with news or results, more the fact the price can be held by a large seller, like the ones that took part in the placing. They will be selling at plus 10% minus 5% and making 5% on $5,000,000 they will do that 20 times a year, working closely with Oak securities and guaranteeing a return on investment, held by MM's making a great return on capital. When that feed stops, i would like to see the mcap on its way to £20m in short order, which is actually where we should be in the run up to results.

The expectations of people is actually mental. Howard has never been the type of guy to announce on site estimates. This is potentially company making results. Maybe look at this for a timeline

16th Announced commencement of test

23rd Potential actual start after acid and clean up

11th Test could have finished

11th samples sent to lab- probably texas so 1-2 days transport as probably by road

Lab results on the hurry up 5 days

Takes us to the start of next week.

That is even if the results are good enough to announce as the lower leadville section alone, which again has not been discussed or confirmed.

Judging by tweets, it looks like they could have moved on to the upper zone, early part of this week, which is not confirmed, so if they are doing a combined release of lower and upper you could be looking at week 1 week 2 June.

But if the well was flooded, if something happened that was negative, the test would end, the money would not be spent on pursuing it further given the cash position.

On top of that company are also sat on more detailed 3D work. All of this leads me to believe they are sitting on a lot of info to figure out the best path forward and that would not happen if the results were bad. Just my opinion and could well be incorrect.

It wont hold below 3 when the placees are the ones flipping

Placing shares need to stop being flipped before we see any share price movement north unfortunately

Their Mcap is £11m worthless

No nothing for me to add. Just need to patient really. It would be nice if the lower leadville dataset is released, but we don't know where they are with it. So no comment to make.

No luck with prem then…. Unlucky