Member Info for magmanus_49

this ***** does not need ramp or what ever.

eye-guy has nailed in on the head.....NAV £3.50 -£5/ and fully funded now (it was bought down to buy low....so do it justice for own sake)

yes, i would 1p. if not end Dec, then by first eek in Jan. But from here, no brainier, and buy and do not let go.

based on last pressure, expect open above 0.40, and rally to at least .45

Yes, excellent volume. 572M higher than Friday.

0.45 tomorrow, as no buyer or mm will let go here. Or they woudl not have bought, when such volume.

We know .80 has been cited (bot fundamentally and technically), expect .60 in by end of the week, ready for new year fireworks.

which is good to see......glta. buy and stay locked in. have done some dd and this looks good.

looks of things, very good volume

this will break to 3p+....no sweat

amazing NT to buy....most part of the morning, and even down and NT to buy....!

this will rocket much much higher. grabbing some here, as soon as it will let me!

0.80 then. nobody can't buy size down here, nothing under .35.

Nt to buy size again. buy/hold it.

yes - closed total NT to buy on Friday. 0.40 Monday, as .80 cited by many now. 500M volume will stay locked in from here these lows, and so they should.

i was here buying at 0.22 all day....:) .... I am in about 30 rockets right now. do my own research and don;t like trolls etc.

excellent close. added a little 0.22p looking great.

well to all those who held and added. :)

building position HUR as well - most don;t understand the news - which is based on developing asset to grow production to achieve target of 15p. That's hood for me and today discount made jump to seize the value in the day ahead.

and for my fellow longs, RMM is ready to multi bag, as broken through on close with total NT to buy.

yes. It was total NT to buy, no matter how hard to you tried, you could not get any. frustrating hey. I am happy to buy to .40p, but damn thing could even give price for 1k!

buy 1k! Monday major, gap and to .45/.55p at least for the week. well done all who bough and held and still buying.

1p.

you bet...chop chop.

bend over now if you sold. sorry about the frech.,..i hate tolls/ cop outs....who remain here to bash to they can buy and from poor fella who is forced to sell.

Bought in M's. love it.

smart phone etc....

''Other technical options which may be available to improve production and recovery efficiency, as well as commercial options to manage projected funding requirements, are being and will continue to be considered. Reductions to the Company's cost base are also being implemented.

It should be noted that there is a risk of dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds.''

So funding options - debt/ loan etc, and only a risk to dilution...its loan and shares...to increase production levels. That's OK is it not :)

Very positive update, and plan to increase production - so why done so much....and why 100m bought (on average) at 3p+....!

love it - when you can make money on stupidity of the many.

read....as per RNS. They have been working on this for months to find ways to expand,,,and now have plan and have discussed with investors. Not as sell here now, far from it.

Some real idiots here.maket take money off - at their loss.

"Options to enhance both Lancaster field performance and recovery have progressed considerably in recent months, utilising the revised geological model of the Lancaster field and a rebuilt simulation model incorporating additional reservoir data gathered since September 2020.



While several development options continue to be evaluated, a side-track of the existing 205/21a-7z well to an up-dip oil producer location could increase oil production from late 2021. This could be followed by a water injection well in the northwest of the Lancaster field, which, with related FPSO and subsea work, could provide pressure support and sweep oil within the onlapping sandstone reservoirs towards the producing wells from late 2022.



We will now commence a period of stakeholder engagement to seek alignment on the merits of this further Lancaster activity and the support and/or approvals which may be required to execute this programme....we continue to believe there is significant value in Lancaster and our broader West of Shetland portfolio, and we remain focused on delivering that value for the benefit of our stakeholders."

agree DA. News was this moning and market bought at 3-30p 5OM, and then another 50M at 2.90/3.00.
The repetition of same news and drop....why? so the same buyer has taking teh placing can buy more here, before release of placing by BOD.

Today's news about getting some funds to expand Lancaster, and meet £15 price target. And major inverters (men with money to hand over) know this is possible with Lancaster and Lincoln fields.

It was more to get shareholders to agree.,

Lancaster will operate for next 5 years at current rate. The rns to day is about long term production , and management have been prudent and have had talks already with investors my guess 3.20-.3.50 minor fund raise to support expansion.

glta, and hold tight, and add here ...following fund raise, and oil price increase - it will be higher than 5p that's for sure.

excellent post, they want to expand Lancaster to get the price target of £15 - that's it. AND want shareholders to agree to fund raise with the well know investors. All ready agreed in talks ...