Member Info for MaxHSpringer

Wolf- that doesn't really make to much sense! The true spread is much much smaller and the mm's are happy to keep it trading sideway and will let it rise when they get some volume (for the freefloat of this company). I have said for days that they were filling a large order IMO and then came the 15m buy. I think Spreadex might be out and possibly someone picking up up their shares.
I also noticed a lot of smaller buys and I think its a good thing because when people top slice it will be small amounts and when news lands it will just help things going!
It is a bank holiday (memorial day), so I think Monday would be a good time for those still on the fence to take a position. News will land at an instant and am sure that the mm's will be very quick to lock and NT anyone wanting to buy!/they will have no choice but to go very long IMO!

Funny how the mm's delayed that trade by at least 24hrs in order for it to hit after close. So, IMO they are attempting to slow the rise and are still filling buy orders and are getting desperate! The maths say that if the herds comes this way on news, there simply is nowhere near enough shares for the demand! Simples, very little shares and a lot of interest!

Good one Madge- Sorry ignore my previous post as I had not refreshed and seen ours, lol! Well done!

The two transactions at 1.9 and 1.905 is a bed and ISA folks, they are not sells! :)

The mm's might play with the spread a little and are trying to loosen some shares. I think there are still more healthy sized buys being filled and this is what is keeping us here. With the big buy yesterday, I can only see more and more shares being in sticky hands.

If more shares are in sticky hands with less of an already small float to play with, it will get very exciting, very fast if we get a sniff of a contract. Would be nice if this came before memorial day weekend.

No, the 500k was a delayed and negotiated "buy"! Look at the share price just before and look what happened to the share price after! It looks like anything over 200k is to be negotiated. At this point, the mm's are scrambling for shares and probably wouldn't want to do to much of a tree shake or they would be flooded with even more buy orders, me thinks!

lmfao! Hope those 2 shares become £2, then! :)
However,someone did have a lovely 500k top up!

Not sure what a 2code is, but we are getting a TR-1 in the next day or so.

HT- I think that Zaza was conservative with the 1000bpd by end of the year and wouldn't be surprised if we are about there at the moment!

Urraca- some life insurance policies in the US have an investment element to them! After X number of years it doesn't matter if you pay or not. The value in the policy is based on the value of the investment value at the point of death (minus admin fees, ect).
I say this because my father had one of these policies and he hadn't paid it since the 70's and forgot about it (I imagine when he went from self employed to employed), so upon his death it was my mother who happened to remember and it was my brother and I who were the beneficiaries! In the end we got several thousand U$, but my point was that in a low market and after many years of having been forgotten, there was still a monastery value to the policy.
Here in the UK it would be similar to endowments! If you stop paying into an endowment, the policy will still have value, but there are many types of life insurance products and much like reverse mortgages here, the amount the policy holder would receive would have various factors, age, state of health, value of property (or policy) and life expectancy. So I think that if they put a good package together and are able to securitize these policies to ii or to the financial markets, then this could be huge!

Thanx Stretch! I am not a chartist or anything like that, but did notice the VWAP on moneyam this morning was 1.7 and after today's session it has jumped up to 2p! So, this would tell me that as it stands we are undervalued and some might say poised for a break out! Looking good though imo! :)

The mm's are quick to try and balance their exposure, the two 350k (sells) look like mm's transfer and also the 250k straight afterwards. As for the spread being weird, it could be an order being filled and the mm's don't want the share price to rise before they fill it! Two possible scenarios but I have seen it before! It's a good sign I think!

Phigg- I got in there at 2.4ish and 2.6p and sold at 5.5p :(! Still don't know who managed to get in at sub 1p and get out at 25p+! Eitherway, this has all the hallmarks to me in a much bigger market that the company can tap into! All we need is that first contract signed and we're off! GLA and DYOR!

Well we know that the oil is flowing! We know Zaza has put a lot of money in, we know the oil and the gas are done there in very good quantities. So, like I said, the only thing hoding the share down is the known unknowns, lol!

I got a handful of these today and have done my research and agree, should this contract land, this could be a repeat of what happened at PUC a couple of months ago, except this is a much bigger market that the company could tap into.

For me the arbitration is the only unknown quantity because we do not know who and what they wants and of course what if anything they are going to get. On the other hand it is foolish to put all eggs on one basket. Will this share drift without news? It probably will, but we are all in the same boat unless you have an average on .1p! DYOR

Yes, this is true! I mentioned this a couple of times and the company is producing and has been for the last few months. For me that isn't the problem (YA is sorted), the issue that gives the feeling of uncertainty is the arbitration, what is it about? What do they want and when will it be resolved. This to me is the only thing holding the share price down.
I have my shares and after turning it around and around, it is the arbitration that is hurting this company. This morning I was pleasantly surprised to have £1400 I wasn't counting on and popped it into my share ISA! I was debating on putting more in here or putting it in somewhere else? I decided on ALGW in the end as much as I like FRR I now need to see a return on what is already in here! This will hopefully come good (eventually) but think ALGW will multibag in the next couple of weeks and that is what I decided on.

Soss- if we got a lowball offer for .5p a share it will do two things- a) will give a min share price well above where it is now and b) will bring in higher bids very quickly!

PAR- anything is possible, but highly doubt that YA are shorting this share. It would be extremely risky because as long as FRR make their monthly payment, they know that money is coming in. So, IMO I believe that positive cashflow, Zaza's personal buy-ins, the prospect that there may be some very positive news in regards to JC/buyout, an ii outing up the money for Niko and the recent positive developments in Georgia's political and banking profits all would point to a lot of interest in block 12.
I think the company might be in a closed period and if this is the case, then YA or anyone thinking of shorting would probably move on to a share in a weaker position with little or no cash coming in and this is not the case here! I am sure that the share holders of nearly 16bn shares thinks like me and this is why the overwhelming majority of people are sat on their shares and we have a low volume. Watch this space! Three wells producing, so imo it would highly unlikely that they would all go pop or dry up! So, I am personally not concerned on that front!

That someone sold £25 of shares, the transaction fee would have been a big bite of that. Unless, it's the mm's playing games and trying to confuse everyone, especially after the rollovers showing as sells! Hmmm!