RE: Namibian PEL0094 Farm-out transaction underway26 Feb 2026 08:16
Sellers are taking their 10% on a 300/400% potential. Crazy if you ask me. But each to their own.
Level 2 looks balanced at 0.14-0.15.
There are a few sitting at 0.16p so they reckon after sells are mopped, this can continue a trajectory.
I dont know how I'm gonna say this though I have a holding, but if there could be more sellers or indeed if they could keep this like that until end of month, I will be very, very happy.
Level 2 data: very interesting, need a few chunky buys and this will be on 0.16p as some MM's think:
510,000,000 0.14
-
0.1556,000,0003
Depth 7
07:50 2,000,000 0.14
07:57 2,000,000 0.14
08:05 2,000,000 0.14
07:42 2,000,000 0.14
07:56 2,000,000 0.14
08:01 2,000,000 0.13
08:07 2,000,000 0.125
7 Depth
0.155 2,000,000 08:05
0.155 2,000,000 07:42
0.155 2,000,000 08:07
0.16 2,000,000 07:50
0.16 2,000,000 08:01
0.16 2,000,000 07:57
0.16 2,000,000 07:56
GLA :)