Member Info for Moreforus

current sell limits (yes sell limits) 250k at 1.6p 500k at 1.515p there is a large buyer of Cleardebt for some reason!

as i said yesterday i felt we had to test bottom again and reverse - thats happened today.. we went red to blue...

from purely a chart view we have yet to reach bottom although we could form a double bottom on the chart - today was sheer capitualtion but then 400k of buys caused the bid tick up..we actually need a reversal from red to blue on the chart or a hammer - i think we are close and i actually want to see selling tomorrow and then a reversal on volume. Of course a nice rns would help too but in its absence holders are getting tired and despondent and selling. The us is up 90 odd points so hopefully general market sentiment is better but given gas actually (although you would not believe it from the selling) 1 in the bag asset on which they are having a reserves survey conducted in Zafiro Block B. Fair value for this is between 1.9p and 3.8p based on whether you want to use risl or dividend discounting. Of course unitl the completed reserves report is published its off radar.

language timothy

skyhigh wants you to buy his gas

at 2.33 yesterday and 2.35...

double bottom ..back to flat

2.25p

you cant buy even 25k

offer bounced...too late )-;

you might get your buy target

i've been accumulating slowly at these levels - picked up some today at 2.38. Bottom line - no rns no news and sp will drift - news we will all make a very nice return

ahead then... i disagree with both of you naturally but we shall see within the next 6 weeks who is eating craw:- 1.The MoU has to be signed by the 31st March and spookily.... 2.GAS has committed to a strategic review which must be published by the...31st March.. total coincidence of course

whatever i say its bad - deosnt matter if it was my opinion or a new piece of information - note havent posted jhere as said i'donly post new facts ...the below is a new fact - also streaky asked me a question ...he did not ask your opinion but you have to stick your negative nellie oar in anyway... i dont really care what you think i;ve researched Gasol intensively and i can tell you that it's currently trading below fair value for its one asset - and when it announces the flaring deals outlined below it will be worth several multiples of the current sp. So happy to add as others sell ...sentiment and sp movement do not mean anything vs the fundies ..and when the market gets an rns it wull move the so dramatically north.

looks like whatever overhang there was has now gone ..buy limits have been cut... looks like the squeeze has been put on the flaring cos ... they have until end of March to comply... 1.36 mill volume today 280k sells over 1 mill buys...mms cant really drop her any more - think we will see some delayed buys come through..sp has bounced level 2 has firmed ...if you can actaully buy some..... http://www.vanguardngr.com/2010/02/15/fg-determined-to-stop-gas-flaring-lukman/ FG determined to stop gas flaring , Lukman Business Feb 15, 2010 BY Oscarline Onwuemenyi The Minister of Petroleum Resources, Dr. Rilwanu Lukman has reiterated the commitment of the Federal Government to stop gas flaring at the nation’s 187 oil flow stations through the vehicle of the accelerated Gas Development Projects. http://www.vanguardngr.com/2010/02/15/fg-determined-to-stop-gas-flaring-lukman/ FG determined to stop gas flaring , Lukman Business Feb 15, 2010 BY Oscarline Onwuemenyi The Minister of Petroleum Resources, Dr. Rilwanu Lukman has reiterated the commitment of the Federal Government to stop gas flaring at the nation’s 187 oil flow stations through the vehicle of the accelerated Gas Development Projects.

the ceo is a shrewd cookie a few of the victor medlrew holders on advfn knee jerk was it was a bad news friday rns...i'm not so sure..ms are offering stock at 2.125p..there were 220k of sales this morning yet neither level 2 or he sp fell back...i'm expecting news within the next 2 months that might explain why they need 1.3 mill more than they have to pay the administrator for RLX assets. Also in the rns the ceo kept thanking Symphony for the bridging loan - i reckon they could be taking an equity stake in CLEA. He wants to grow CLEA - the whole deal with RLX assets doubled their assets...i do not know but suspect there is more than a simple fund raising.

i'll take a look but all my cash is vested... it looks like the placing is done and has been pre-sold - i;ve heard of a pi investing 50k..there is something cooking but thats not a buy or sell recommendation - i just would like the sp to go up even with potential dilution to a price that reflects fair value which ot currently doesnt - stocks trading at a discount to fair value are always interesting especially if they are growing income and profits.

1.bad news rns are published on Friday 2.The asset buy was supposed to be funded from currentl facilities and cash. ie a loan from the bank plus cash. 3.market dropped after half an hour ...then there was 1 sale of 100k ish...followed by 3 buys - ie market thinks its top up time. there was no panic selling ..the reason 4.The sp has not risen as expected to "fair value" fair value based on the company doubling its assets - the elephant in the room was how it was going to pay for the asset. 5.As the market had attributed an extra 800k in market cap for an asset buy worth between 3 and 6 million then the sp has hardly risen at all or got ahead of itself...this is what i posted on advfn the nominal value of the shares are 2p ..they cannot place shares for less according to gog - plus it's either convertible (with hypothetical dilution) or equity (real or) or combination of both. Plus they will raise "up to" 3 mill - so don't know the exact amount but as a minimum its going be 1.7 mill but max will be 3 mill. However valuation against future earnings growth is why and probably everyone else is here - it's a growth stock...the problem is despite the asset buy and good numbers it has not...grown. The reason is i think that the potential debt funding was the elephant in the room - they needed to raise 1.7 mill somehow and we were lead to believe it was from existing facilities - however the sp failed to rise - double the assets and the earning potential and the market added a value of 800k to the market cap - and now the market is valuing CLEA at the same price as before the deal with double the assets and a potential 50% dilution. CLEA has never been allowed to be valued off of projected earnings - the sp now at 1.625p gives an undiluted market cap of 5 mill. Thats a p/e of 11 on last years earnings of 461k and a p/e of 4 on june 2010 projected. On a diluted basis thats a p/e of 16.5 last years and a p/e of 6 on june 2010 projected. in simple terms we need to:- 1.Find out the exact terms of the placing. 2.Find out how much money they have made this year.ie is 1.2 mill? 3.Find out how much money they think they are going to make next year. as to the bad news Friday rns and the company changing it's original brief :- http://www.ibtimes.co.uk/articles/20100212/cleardebt-agrees-bridging-loan-for-relax-payment.htm the question is why raise 3 mill quid if you only need 1.7 mill? why do they need the cash? why dilute the current shareholders? there are a few who will be buying at this level as if you do the math its still below fair value however upset current holders maybe - the company could be getting ready for another purchase.

market speaks for itself..i know there are a few frustrated holders here but it genuinely looks like we are heading towards what many have been waiting for for over a year... the known facts tie in with the info Wale has supplied and he has been scarily correct before.

this is still off the radar..if you read the "rumour"... Gasol have been told by Afren to renegotiate terms on deals not yet agreed. 1.That suggests some are already agreed. 2.That means profit for those not agreed will be higher than expected - gas can play hardball for better terms. These are multiple deals - more than 1 large deal, i do not know how to value that - if they are going to do mutliple deals with a better return than edison has estimated then the upside logically is more. I think this is more exciting with more upside than pre-flaring mou... just a note re edison valuation method - edison determined current npv/fair value of angm based on a dividend discounting model using a theortical 10% divi - so if they think the value is a 100 in 5 years they will discount back compounding the 10% to arrive at a npv for today, however for GAS they used a risk discounting model where the discount for political and terrorist risks - they effectively have discounted 75% of future value in 5 years. npv of 7.5p is in fact 5 year future value of 30p. if there are mutliple deals then as i said i do not know how to value that as i do not know the size but we do know they will earn more due to renegotiating deals.