Member Info for MaverickD

As I said over the weekend its impossible to call prices, but I have a strong feeling that the CEO will drop a contract win into the mix tomorrow with us having a strong finish tonight

Easiest way to build an order is to take out those auto sell stop loss orders. Best to take them off and say set it at £1.50 and then watch how much more they will need to pay for what is available on the market.

I’d imagine the 500k buys correlate with large orders being filled on behalf of those closing their short market positions

Well this is the dip that should be bought into - with news this one could well be well over £1
Derampers - they are part and parcel of the trading world, so don’t fret

There was a 500k buy that was filled yesterday, so I would imagine we will now bw “allowed” to cross through the 70p mark and then the brakes finally come off

Now for the strong upward tick up……

Gap fill - some automated buys being filled

Looking like the brakes are coming off now

Read across from across the pond …..Halliburton have announced their best Q1 results in over a decade. Revenue figure beat the street’s expectations and came in at $5.7 bil

@Steve58 perhaps think about loading up a few at this price. Obviously 2p is a minimum, but 10p is an 80m market cap and that at this stage might be a bridge too far

….Just to add the current market cap is only 4m so based on the Tanzania transaction alone we are still short of the 2p par value - so expecting a timely rise to get to that point. Good luck to all holders and new buyers

Move through 0.70p and we are going to price discovery mode!

Higher it looks. A few buys today and AEX is up too…….like I have said previously we are significantly under valued and should see the market waking up to this, no doubt the herd will show up too

Price is breaking out now - doesn’t look like any pullback, just upward momentum

Waiting for that yank

Backtest

Backrest…….waiting to see if that holds later

The truth is that nobody knows and I try second guessing and it doesn’t quite work out. The facts remain that we have a huge update due on Thursday and my feeling is that we will see a continue rise in the share price with a pause for breath when we approach 84-86p. We could see a further significant contract awarded next week, which will give the SP the opportunity to go into price discovery mode. Shorts will want to no doubt reduce their exposure, as I am sure they too are unsure what could be announced. These are my opinions and I will re-evaluate come Wed/ Thurs next week. If you are a chart man then rest easy its on a continued upward swing.

Id imagine a number of shorts will have been closing today......positive is good, so can't complain.

Takeover is a possibility I have mention this. The kicking the debts down the road for 12 months is helpful, but perhaps not the long grass some thought. Although short positions will be closing leading up to next Thursday because of the “unknown factor” - they don’t want to get caught with their pants down a second time in 4 weeks and what’s to say we wont get another contract win leading to the results or on results day itself!