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If you have funds even a few hundred quid spare then buy at these lows to bring your average down. It definitely makes you feel better knowing youll break even sooner. Keep the faith
Hes been on twitter again talking about his focus on fintech. Could be massive if thats our angle. Not sure why people are feeling mugged here, its the xmas period and the mkts will be quiet but the winners dont become winnners overnight. Wrn style rises dont happen instantly they require background work. Just imagine that sinking feeling if you sold and then a couple of days later an rns dropped that made us 10bag. Patience is needed here as we have just had a massive change in direction so ducks need lining up.
Short trading week this week, dont expect to see much happening here until january.
Given low oil price we may even take more than 4%. All will become clear when company updates us. Any fundraises would be at a premium to the sp i would imagine.
Notice the valuation at the end of the last post, also with $10 per barrrl extraction costs a 4% investment here would be rather lucrative
The F2 lease in particular has additional proven production from the Warsaw-Salem typically at around 600 to 700 feet depth. Furthermore, the F2 lease area shows promise for even shallower pay zones in the Ste. Genevieve and St. Louis limestones, from about 150 to 650 feet depth respectively. Such multiple horizons provide excellent potential for pay out in this investment. Reserve estimates look highly favourable especially for those Mississippi aged rock units such as Salem-Warsaw that are oolitic in nature, a prime reservoir target that can be developed most efficiently." The estimated cost of extraction, including the cost of power and transportation is estimated at $10 per barrel. Based on the spot market value of crude in the Illinois Basin of $80.75 (April 2013) and on the assumption that there are no issues which impact on a successful extraction, the combined present value for primary recovery for P1 and F2 is estimated by KOG to be $136,629,770 ($24,765,025 P1 Corniferous; $111,864,745 F2 Corniferous and Salem-Warsaw).
News CA Sperati Sells Buttons Business As It Becomes Oil And Gas Investor LONDON (Alliance News) - CA Sperati PLC on Wednesday said it has struck a deal to sell its ... Alliance News12 November, 2014 | 11:45AM Email Form LONDON (Alliance News) - CA Sperati PLC on Wednesday said it has struck a deal to sell its apparel business to BFS Buttons Ltd and will push ahead with its plan to become an investing company and refocus on the oil and gas sector. The company will change its name to Teathers Financial PLC as it moves ahead with plans to change into an investing company and to buy a 4% stake in Kentucky Oil & Gas PLC. BFS Buttons will pay GBP10,000 on completion of the acquisition of the CA Sperati buttons business. Sperati shares dropped heavily in September when the company first announced its plans to swap buttons and bows for oil and gas, which also included it raising GBP400,000 in a discounted share subscription. - See more at: http://www.morningstar.co.uk/uk/news/AN_1415792703080101200/ca-sperati-sells-buttons-business-as-it-becomes-oil-and-gas-investor.aspx#sthash.JbDZbrNH.dpuf
Agreed, just searching for info etc on jonathan rowland and jason drummond. I think when name change news drops another rns will soon follow Im sure rowland is accumilating in the background looking at the trades. He decreased his holding and has since been increasing again.
Soon enough you wont think that, or do as i did and average down here.
Moving up nicely !
Good buying today, someone happy to take 120k at 4.25 is a good sign. Im expecting another holding rns saying rowlands has increased
This moving again now, nervous traders have been robbed but the mm's still want stock. Wouldnt be surprised to see rowland increase to 10%
Even after the sells theyve taken on today they still appear to be short of stock if they want such a premium. I can see this rising again this afternoon
Only came across this earlier but the more i look into this the more i see multibagger potential. Im holding and accumilating at these levels !
Ive just posted this on the CTP thread so thought id post here and see if anyone has any views. Ive just been speaking with a friend about a possible merger with pinnacle technology. He seems to think that its a possibility due to the wide range of products they offer (he is a holder there so would be biased) but they are loss making. They have just done a fundraising and have just appointed a new CEO personally I doubt they would be open to a merger. Coms were sniffing around them a while ago but the bid was rejected due to PINN considering it an under evaluation. Im not sure what to make of it as im not sure it would be good for us unless our guys can turn it around. Any ideas?? Does anyone have any contacts at the company they can do a bit of digging?
0.22 buy/ 0.20 sell. Very small spread. Trading well below mid price. Smart meters are the future and this makes them. technically thats not true. technically we dont do ANYTHING, just a cash shell with a listing
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spread is .305 - .35. so all trades at .35 are buys
this is true. that could work out extremely profitable! i wonder if the management are thinking down these lines at all
if they had more cash then i think a couple of oil prospects would be a good idea. with oil at a fairly low price it could be a good investment, but the without the cash to explore and develop it woud be pointless. there are plenty of other opportunities about though