Member Info for Margaret365

Yes threeput, I agree, the BB reflects a very weary group of shareholders which may mean some more short term pain to come. The market is trying to tip as many people over the edge as possible. I'm still feeling greedy, the lower it gets the greedier I'm becoming. This level is oversold and unsustainable, the buyers will come back in for more.

I suspect some short selling, but very low volume today. The share price fall has created fear and uncertainty. The update will come tomorrow and hopefully catch a few out. This share has been manipulated to levels that do not represent the current financial picture let alone its prospects. LTH just need to sit this out and wait for the enevitable re rate which will come.

With such anamosity, the directors should counter his actions and buy stock at these distressed levels, unless it's still in a closed period.

I think it the last hour of trading could be quite insightful as to the expectations for the monthly data which are due possibly Monday. The production results will be key to supporting at these levels for the short term. An uptick would be most welcome and would go some way to dampening the enthusiasm of the shorters.

I just cannot understand the liquidating of his position. Either he doesn't believe the fundamentals and consequential re value current shareholders have bought into.......possibly privy to higher level info! Does he need the cash......unlikely! Is he enjoying inflicting short term pain to massage an ego that's frustrated with the BOD! It really is curious situation!!!

Apologies, I assume the 240k in 30k tranches were you.

Join the dots, I assume they were your trades. I too bought further in the last hour, what size trades were being refused? There are a great deal of buys going through at close to the ask which is very odd, can only assume plenty of stock kicking about and seller or sellers still very active. The question is, why would any big shareholder sell at these levels. Surely, stop selling and let the price recover with the buying activity. It's puzzling!

Anything with a 12 is a buy today, therefore very little selling, let's hope it's dried up. If they drop the ask I will buy more, looking for a few more in the 11's, then I will sit and wait. Production figures due later this week or Mon/Tues next week.

Classic herd mentality, small guys bailing out and the big guys mopping up cheap stock. This is why the majority of private investors lose money. Remember the big picture.......it's not a sprint!

Have hit the ask in the last 20 minutes.

I agree. Good trades going through on the ask, bid being held down for now. This looks ready for some new buying volume that's being held back, breakout into 13p looks likely. I'm still a buyer, holdings now at 1.2m shares, again I will not be selling any no matter what short term tactics the mm adopt.

Expect confirmation of director buys if they are not in a blocking period which I would guess lapsed after the RNS.

This is the buying level and plenty going through. Mopping up longs that the MM's may have from yesterday, its rebalancing.

There will be no concern at head office. It's disappointing, just like being in the running and working hard on new contract tender only to lose out. Move on to the next tender and in our case drill, in the meantime we are printing lots of cash and will be doing so for the foreseeable future, plenty of customers for our high margin stock. Cash gives us time and opportunities. Our reserves will increase in due course. I hold over 1 million shares, I've added today and will keep on adding on any further drops or indeed when there is a reversal in today's panic which was clearly orchestrated by short term private investors bailing out after hoping to make a quick buck on the outcome of a 50/50 RNS! One or more will come in and I will be holding and ready to enjoy the high when the time comes.

MM played a few games today as they were short of stock. Didn't pay off as they had to balance the books at 15.5p, the high of the day. Took the hit as they don't want to be too short going into next week and MM's hate loosing money which they did on that trade.

Any shares changing hands above this level today will help the trend. Still low offerings on the sell side of the book to 16p. Suspect we are close to the anticipated breakout prior to the drill news?

Waiting game this morning for those hoping for a lower entry level. Book again building from a subdued start and the buying momentum has started again.

Book shows very little resistance left to 16p. Need to keep pushing through, substantial calculated risk upside for oil investors in this Company.

Buys outweigh sells 4 to 1 now and book still looks strong. There is weight behind this upwards squeeze.

Book looking very strong, buys today again outweighing sells circa 2.5 to 1.