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"The well encountered elevated helium shows, over twenty times above background, whilst drilling through the Lake Beds Formation, Red Sandstone Group, Karoo and Basement targets. Elevated readings and an increased frequency of helium shows were encountered whilst drilling through the faulted zone."
Finally .....
Well done Colin...finally
Market unaware of today's news save for a suspicious buy of 500,000 shares just before the RNS dropped. Should go over 2p IMO as the market did not expect the sale to proceed.
DYOR
Finally...well done holders. Should see the SP over 2p on this deal IMO.
DYOR
I tried trading this share and lost out as a result, it moves very quickly and now the momentum is with us, you could be easily locked out. I am holding firmly now as I suspect we could be seeing last year's January high of around 7p per share with the company exiting the TSP.
DYOR
Feeble attempt at deramping -placing was concluded just before Christmas and the company has a strong balance sheet now with cash in bank. Looks like you missed the boat sub 1p- This share could easily go to 4p so not too late to get in son.
DYOR
Tie Up announced today is still subject to a condition precedent:
"The Farm-Up Agreements are now subject to a single condition precedent ("Condition Precedent"), that of approval of the Farm-Up by Timor-Leste's National Petroleum Authority (Autoridade Nacional do Petróleo or "ANP"). "
Toffers, the way I see it, let the JVP comeback to the table, let them pay off Anavio and the JVP and shareholders share the pie. Surely if the assets are as brilliant as the JVP felt, it would be interested in coming back to the table if the mess with Anavio is cleared?
RBM-thanks for all your efforts and trying to ensure that shareholders get a decent return here.
DYOR
Oversold, think bottom is in. Could see a sharp uptick to 130p, directors should be buying IMO.
Apparently no raise is needed.
Dyor
Neil,
Must be so,Ed big background sells holding it back, let’s see when it clears. Just a punt mind you.
I missed out on BIG this morning, got a quote under 80p for £5K worth and got distracted, went back and it was over 100p to buy.
Oh well