Member Info for LtdAxis

We will almost certainly never know who the significant seller(s) is/are, unless it’s Dorfman, which I sincerely doubt . 10 or so private investors with say 5 million shares each, accumulated at 2p in recent months could have , for completely different reasons, had a strategy to sell all or part of their holdings into a rise . Reasons are not always sinister . Some investors stick to a strategy and keep emotion out of it , and probably make a lot more money . A cash raise down the line is expected once the exciting part of drilling gets under way . 2 and a half years ago the spike on the expectation of the cpr on 2248 was already deflating when Algy bunged a placement in at 2.5p ( when the price was much higher ). Maybe some expected the same again sooner rather than later...

Meanwhile Max has hit the Sushi hard today ;)

Good as it gets!! ( not guessed)

Nice buy gone through . I hope this is the floor ! Agree with you Dickupham ....explorations posts are as good as it guessed for an unbiased explanation of the workings of the business and very much appreciated. That is however a very different thing from a company managing news flow and information .

The Shell deal on 2252 on its own makes this a more attractive long term investment than before it was announced. If the farm in on the other licence goes ahead then doubly so. Whether or not Cluff should have announced the relinquishment of 2248 it has clearly undermined confidence to an extent, even if only in the short term . However imho the fact this is traded on AIM is the main reason for the rise then drop, and the pointless circular arguments thrown about in recent days. The truth is most have a short term view of , and of those with such a view many would have made a tidy profit here, whilst others are now sat on a big loss . Do I wish I sold all mine at near 5p and bought back now ? Yes! I would have made £45/50k. I traded a bit on the way down and have taken about £6k profit out, but sit near where I started . But now the 2248 issue is priced in we should see itvstabaluse and gradually rise again , but it may hit 2p first.

Maybe Jamie decided to buy another watch this morning ;)

‘Weeks’ not weld !

Whether or not an RNS was a technical necessity, this has been very badly managed PR wise by the company . It was a ‘flagship’ prospect , way more than 2252 and its potential loss was slipped in at the end of the last RNS. A simple clarification would have been less damaging than the weld of speculation and now confirmation only by the fact that it no longer features in the companies prospectus .

I sympathise. I have been caught the same way with this share a couple of years ago, and by others in the past.

Another share I'm in I could have sold at a £50k profit 3 weeks ago, but held, and am now back to where I was, but at least not a a loss(yet). It's all a bit of a gamble. Good luck with the watches!!

0.5p per £10million banked would be nice ;)

Good price Easychair .

Thanks RKB. I’ve now signed up to PVB for free. Lucky as I spent my profits down the pub last night ;)

When you can accumulate shares at 0.572p one could buy up this company pretty cheaply . It is interesting to know quite why this has dropped this far after relatively good news, unless it is being engineered for a reason . Even at an average of 0.6p this doesn’t look pretty .

Lol indeed ;) I reported the sale of those 1.8 million ( in which I made £5!)as there was a suggestion from a poster that these large sells were an attempt to keep the price down . I can’t vouch for any other sells but those were to make a trade elsewhere , where I made a few hundred quid. I have since reinvested the trade back here (including the profit ) and bought the original 1.8 million back for about £80 quid less than I sold them for . It’s of course risky doing that , but I can make my own decisions, however daft others think they may be , but I now have more shares at a slightly lower average . Selling large chunks for 0.56 is perplexing, as it’s very unlikely they are in profit , but no doubt they have their reasons , and one could speculate on any number of them. There is no evidence either way , but converted bondhilders selling is one option . The CLP website last updated 8th January re holding % . The best time to offload would be after that if you wanted to keep it quiet for longest ....

I alluded to one( or more) if the recent converted bond holders selling down some of their holding as a possible reason , purely as a point for discussion, but it didn’t gain much traction on here.

I was picked up and stood corrected linandy1. I am astonished that so many people like to read negativity into a simple word of caution . The same situation arises all across aim . I respect RKB but dislike , on some occasions, his style of suggesting he knows what is going on and feeding this board teasers . I try and be healthily sceptical, not unnecessarily negative , and never attack anyone personally . I did have a previous identity of similar name, as most know. That account got deleted and no explanation was ever forthcoming from LSE.

Urging caution is not negativity. We know clp is fighting legal battles on many fronts and as such a legal archive detailing such claims is useful but no particular surprise . Buying into that company looks a very good move however . My only real point , which I made the other day, is for the price to rise on actual news rather than suggested outcomes which may or may not happen . This share has swung wildly on sentiment ( good for traders, not do much for patient LTH’s) and strangely fallen on actual good news ( bonds/fortune cookie). I’m invested ( still imho a fairly risky investment) as the price is very low and good news is stacked up . But it may be this afternoon or 6 months away . GLA

I was completely open about that trade in response to another question and it was to trade elsewhere...and is now reinvested here , all bought back sub 0.6p and a few more . I didn’t post last night for any other reason than to urge caution in jumping to conclusions

It’s a good example of how a company has not managed news well.....

There was interesting price action today ....generally down . I imagine it was part priced in but confirmation will likely cause a drift back to nearer 2p short term , before the realisation of the shell deal sinks in again . A big blow imho