Member Info for Lottie123

As the 6m represents 3.48% of the share capital, a clarification of seller will now be forth coming. Very possibly the Appledore Land company who were given 9m shares (last week) as final payment of the Appledore shipyard.
The question will be, first thing tomorrow, does that clear the air or is there an overhang?
7.2p, with several highs at that level recently, represents an important close. Anything above that and technically, further gains should ensue. Support below remains strong but not impenetrable. Interesting times.
I wish the company would have done a share buy back but instead we get further dilution near the all time low. Hopefully, the assets its enabled to be purchased, are far more valuable now 100% owned and producing a profit (Appledore itself that is with a £55m single contract plus other work)...
Without that 6m shares to aid supply, it would have been a very significant up day, possibly closing above the 7.2p level.
All eyes on the open!

Picked up another batch at 5.77

Over 300,000 shares bought (net) so far from MMs and price has not moved. Just bought more at 5.82.
We need to get this seller out of the way. He appears aggressive and not wanting to miss buy prints...Still baffles me

On reflection, I am viewing the early payment, of the last tranche, as an interesting vote of confidence. Given the high cost of debt, delaying as long as possible would be the obvious choice. So paying forward leads me to think all is well with negotiations of new contracts.
Longevity and survival seem reassuringly helped by this move.

Warrants are just an option for the recipient to buy shares at 5.65p...hence new shares will eventually issued to Riverstone at that price, no matter what the market price is...there are two issues here. One at a premium, which is fully listed with existing shares this week. The other, at a discount, will be listed (and added to the share capital) when Riverstone decide to call the warrants.
I have just bought a bit of stock at 5.84 to test the price

Maqsood. Is 5.65p a premium???
Me thinks not...I would love to have warrants at that price for 36 months. Easy money

Yes, stokey, I agree it's finally fully consolidated and paid for. That's good. It's the warrants to Riverstone which **** me off.
How funny if a MM or large trader, got wind of new share issuance and went balls deep short...hoping to buy back in a placing...would laugh my tits off

Maqsood. What about the 8.5m shares issued, via a warrant, at the all time low, to our lovely credit company. Maybe that is why so much stock has been on offer last few days. Can't see why they would want to excersise for less than a penny a share but you never know. A profit is a profit to some.

HW debt negotiating team. Love to play poker with them. Might get my fortune back.

The company does some very strange things and I am yet to fathom how this is good for shareholders. We might as well just bend over and let our wonderful creditor company Roger us all individually. They are getring a huge interest rate and a very cheap option to buy a substantial stake (this is the second option they have). Hopefully that is the end of the payments for assets and with Appledore now wholly in the balance sheet, duly revalued (acretive) it does make it stronger.

So far today, a net 280,000 shares (ish) taken out of the market but no real change. Its the same every day. Buys far outweigh sells which tells me a market maker is either cutting a large long or going large short. MMs are not bound by the same rules of reporting their positions so can be quite large in either direction without notification. Or, they could be selling for a client via a CFD arrangement maybe??? Not sure how legal that is anymore as I have been out of the market for 20 years.

Maqsood. Can I ask what trading platform you use. Still showing 5.91 offered?

Was going to buy another 100,000 this morning but I suspect still plenty of time. Will see later today.

Still a huge seller around...who? Why?
What do they know that we do not?

Bought another 100,000 on the bell at 5.77p

Total volume last week was around 50% of the free float in the company. This is not normal by a long chalk. Something is ringing alarm bells for me. Not that I am bailing our, its just that I hate not understanding why I am losing so much money. I realise inter market maker volume is included but it is still a rediculous percentage of shares traded in non notifiable hands.

Dow Jones closes up 2.5%. US gas prices close the week down 25% for 9th consecutive weekly fall. This may be influential in persuading the Federal Reserve to pull back, from aggressive rate increases, due to the potential weakening of inflation at the turn of the year.
Utilities added 111 billion cubic feet to gas storage, way above the 71bcf five year average.
Gas storage is without doubt the safest way to secure and smooth dramatic swings in price.

Eleven weeks of unbroken declines, will hopefully come to an end thus evening. Let's hope the big buyer(s) this week have saved some ammo.

I fully expect an attempt buy the seller of size this week to pressure the price lower towards the close.

It's not the message that's the problem, it the never ending supply of stock. This has been going on for upwards of two months. No matter what the demand and this week has been eye watering in that respect, the supply is always bigger by the end of the week. With only 160m shares in issue and supposedly 50-60% locked up, the free float (available for) trading cannot sustain the volume of supply that's been in evidence, to drive this price down from 20p.
Just my opinion.