Member Info for Montmuzard

I'm not sure. The buildout would be expensive and risky, so why would you not take £1.50 a share and sail off into the sunset?

I think it's equally possible/likely that, once commerciality is proven here, Harlequin and their backers might just buy the company out to capture the midstream and downstream margins and/or flip to a major. What would it cost them? I reckon £150m-£250m and anyone still holding GEX at that point would be delighted.

Two delayed buys from the earlier rise have just landed - 1m each. Not punt money.

Been putting some theories into the AI bots about MPL, and it seems to me that there is a roughly 50% chance of a positive outcome next week: i.e. that the tribunal rules that the CoC process was potentially flawed (maybe 20%) or that they are not sure but would like to undertake further investigation/scrutiny (maybe 30%). Either of those outcomes keep this process alive and put pressure on a settlement. Even a relatively weak outcome could invite a "nuisance settlement" of a few million, basically the current Mcap, which would be multiples from here in terms of SP.

Ask 1.7 now - 1.68 paid

1.5m traded in the past 15 mins - all buys and ask rising along with them.

Hmmm, leaky leaky? Something afoot here.

Lots of 1 trades going through here - make of that what you will

$1.3m (net) is enough to justify the current Mcap alone - it's basically what they raised in the last placing. SP should way higher on this news.

"But but but harlequin energy are funding 25 million coreect so why the constant money grabs ?"

You do understand the difference between funding the drilling and funding the company, right?

6p paid - for 331K shares. Big buyers are back in.

You would hope/expect that they are sufficiently cashed up now - especially with Harlequin funding the Hussar drilling - to progress towards the end of the year, by which time we'll have a very clear picture of what is under the ground and how the company moves towards production. Once these placing shares have washed through - which they might already have done - then we should be climbing quite rapidly. Future raises should now be a lot higher.

I wouldn't wait two weeks before entering personally. It only takes one RNS about Mt Winter or clear evidence of mobilisation for the Hussar drill, and we could immediately see the next leg up. Even just a £50m Mcap pre-spud would be 24p/share and given the scale of resource here, it could be a lot higher than this.

Nice bit of consolidation in the 5.7-5.8 range - not much churn left IMO and it won't take a lot of buying pressure to push up again

1 code for the believers - if they drop Mt Winter news intraday it could go bananas

Seems to be rising on every buy now

5.9p paid - this could go on another silly run this avo

Bid rising again too

Someone still seems happy to scoop up some big clips

5.94p paid - won't take much volume to get back over 6p now. Set up nicely for the afternoon session.