Member Info for Magpie1862

Fair enough, just be careful buying in to any rises, remember there are a lot of large investors trying to get out of this with less damage!

It's not skullduggery just means your buy price was close to bid!

To me the directors buying is saying to the PI we are sorry for the discounted placing but look we are aligning with you, putting our own money at risk as we believe our company is way undervalued and the next upcoming milestone i.e. EWT will drive that value! Stay with us. IMO and Hopeful Opinion!

Just start a chat about the important stuff to do with SML, like Thailand holidays that will appease!

Fair play, but who are they going to fight with? You can search and historically the courts rarely get involved or are reluctant to interfere with the commercial decisions of the CoC.

We are not doing an EPT as yet it is an EWT, an EPT goes further than an EWT in testing production performance under real conditions which normally includes surface facilities. The focus at the moment is on gathering data and understanding reservoir performance, size & pressure etc. = EWT

Okay now I am totally confused! Best just to leave it there! But surely if you know the price is 0.041 today you love the prospects of the company and although you do not know the results of the EWT you know for sure tomorrow you will be able to buy in at a huge discount at 0.030 is that not known price sensitive info? I am just a simple PI what do I know.

Funny how people never gloat or post about the ones they got wrong, never a stake in here but certainly do not feel the need to rub salt in peoples wounds.

Yep but they knew not to buy the day before the placing? Or maybe just me overthinking things!

Just thinking out loud on director buys, for my education, if the directors know there is a discounted placing coming up and buy after this placing, is that not verging on insider trading?

After reading that RNS, those people buying have bigger balls than me!

Exactly Trade, if proven even to expectations, you will not be able to sit there and think you could just buy at the same levels whilst waiting on the $'s to start arriving.

Correct, permitting, FEED & Plant build etc. But actually that is quite a short timeline, as a lot of infrastructure already in place.

Oo I see results could be as early as late this month! Nice, well as long as they are nice!

Sound move that Warren, sell low buy high!

I think even Dan is allowed a holiday with his kids, without the stress of work!

I think you might want to put IMO after that statement, unless you have a reference? Might end up with a suspension!

Whats gannin on here today? Just been offered 6.45 to sell all?

Arrrrgh we are not drilling yet, it's already there we are testing the well FFS

Fair play Punter, correct not sure why some folks need to find an excuse when something goes array! Just say it how it is, bit like a gambler, loves telling you his success stories but not so forthcoming with the losers.