Member Info for Margaret365

Hostile bid on Monday.

I would think they have an offer in this range.....not enough for BOD. Stifel's re issue today of 37p is guidance of where they want the bid imho.

The Company that's put the initial bid in will not be overly happy, if they really want it, they will go hostile, it's still very cheap here, watch the volume.

Moved the bid up a notch, first move for a while. They tend to be ahead of the game in my experience. A good number of large trades in the last 3 days. I've felt very bearish for a while, hoping for a positive signal to change my mind set. FFS, news must be soon.....!

Could these shares have gone to a major oil company to get an initial stake?

Sp will continue to fall, no buyers even at this level. Gutted but this looks very fragile. Significant news required.......needs to be taken out for LTH to get any sort of payday. De risk for me sadly, can't watch my holding continue to dwindle without some sort of mitigation.

You cannot buy......unusual!

Either on asset value, eps or potential. Mirrors are cheap and smoke is indeed free but value is placed on future earnings......look at Tesla and uber as extreme examples. When, and I believe it is when, this project delivers, 8m will be petty cash.

The question is, why did the sp move so promptly last Wednesday. We are a week on and nothing has been released to support this. Could it merely be that a known seller to the mm's informed enough done for now. The large blocks have indeed stopped.

But a market cap of £8m..........!

That looks about right. On that basis and clearing circa $45 per barrel, that's circa $2m GP per week. Whilst directors wages are high, that still leaves a significant sum going to the bottom line, especially given the help we have on drilling costs.

Looks like the ask is going to get chewed up again by AT’s this afternoon.

There must be a leak somewhere, the SP has languished in a tight range for some time. The MM triggered AT's yesterday to sharply move the stock on low volume. Albeit it's dipped today on some selling, its extremely twitchy to any sign of buyers. It feels like they are expecting a sharp correction.

New strategy, downplay then over delver.

This also helps.........#cashrich

Short squeeze of circa 5% this morning, yesterday's traders in profit buy back in then up we go.

The book build is looking strong, wouldn't take much to get us to 110p.

They also know these trades create a sea of red and conspiracy so they can manipulate to there gain. The PI buying has stopped since they appeared just like yesterday. Ignore, if you like the price buy it.

Bit greedier after yesterday’s success, they are looking for £3-4 gain for each of the 113 trades. If they do as many as the 107’s yesterday, that is a nice little gain. Make no mistake, these will be snaffled back up again, either on any surge in buying or at close of play.

Any sustained buying and this will move quick. Mm are short on stock, trying hard to get some in, as soon as they do the ask jumps to protect the position. They wait to assess then start the process again. They made a few quid this morning with the 107 trades from yesterday.