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If nothing else this 28-32p range is wonderful consolidation and the basis for a nice platform for springboarding to half a pound.
The frac lead by Tony Beilman is likely to yield excellent datapoint results for NSAI on Aphun.
Looks like MMs are all pushing for 33p+
If the Yanks buy the news then 35p will breach.
But again... depends. 14% on the day. This is AIM.
MT
You have to love the shakedowns and stoplosses from the last few sessions. From the nervous to the calm...
Buying pressure +++ today.
Can never guarantee that AIM doesnt get sold into but for what its worth the charts look bullish towards 50p.
USA may like that operations have proceeded on time. Lets see how the Yanks buy it.
DYOR.
Munnie.
Dickie... yep. Always.
This is not a declining demand.
Look at the book orders.
Ask is top end of 35. Which will arrive soon.
Those selling at 32 due to a shake have been truly had, sadly.
35p on booksToday 08:30
Brokers are mainly 35p and above. Trying to hoover up shares and stop losses.
Once they have gathered enough they will be selling them back at 35p+
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Im not just making this up...Its there, in black and white! The books dont lie.
Stop losses filling the MMs boots. The demand is there. They take them out and apply a premium.
At this price it is a BUY.
Wait for midday push.
Curious to see Mangrove position tomorrow.
Munnie
Brokers are mainly 35p and above. Trying to hoover up shares and stop losses.
Once they have gathered enough they will be selling them back at 35p+
Mangrove short
2023-09-11 - 2023-09-19 (ongoing)
22.3p - 36.00p
1.53%
13,880,252 short
--------------------------------
-189.88 M GBX
= -£1.89m loss currently
Thats a fund potentially on fire for sure. 🔥 Id be very happy for a short squeeze here. Very possible if some unexpected good news drops... Partner? Reserves-based Financing...? Many things could happen. No guarantee bond conversions can be forward sold. Seems there is a very large billionaire soaking up the bond conversion. From 18p to Michael Spencer to 36p. 100% gain. Makes sense to also soak up the next few and place equivalent shares privately. Smart move by this Hobbs chap.
I note he was senior adviser to ARAMCO?? That is credentials.
RIG arriving on Alkaid2 site this week, on schedule, to collect frac design data out of Shelf Margin Deltaic to generate next Netherland & Sewell resource estimate. I thought it would be a flow test but seems that data is more key to see how reservoir performs and to allow optimisation of frac. Sensible. Data is king. NSAI will increase reserves.
Already 1 billion barrels in Theta West.
How many more to add from the Shelf Margin?
The mind BOGGLES.
I really do like this stock. How I never came across it before I will never know. Still, here now.
Will see how she goes tomorrow.
USA liking the prospects here closing OTC at 46.65cents, up 22.2%.
Bodes well.
Read most of the last 12 months rns. This stock seemingly fell on uncertainty. Now the uncertainty is played back to the short interest and boy oh boy are they in the dark as to the next chess piece to be played.
It is if course premature to state a legitimate short squeeze could occur in the true sense, but a significant buyback decision by the Mangrove Fund will have to be facilitated if they are looking to leave this stock flat. And soon, or they will make a significant loss. I note they like to mainly escape flat, if possible.
Lets see how it plays out over the next few sessions!
The gap *was* to 44p. But its clear its now moved to 54-60p.
This could run rapidly.
My research is done for the evening.
MunnieTorx.
No opinion on those two. Just seems these three go hand in hand with many Twitter accounts commentators. Not sure why yet.
Oil is breaking out. Brent +++. Gas is also about to become pivotal. Hydrogen I can get on board with. Helium... not so sure.
Good day here.
This was a run as clear as candy from low 20s. The books spelled it out, was like doing a 8yr old's paint by numbers. Was very clear what it was going to become early on.
Congrats to holders who werent shaken down.
Munnie.
Haha! Speak to the brokers... no shares available.
Stop losses being triggered.
Books are all running low.
I would expect a nice push into the close, and then tomorrow the MMs will charge 10% on what they have bought off the nervous today.
What a rocketship!
Couldnt resist popping back in to say that the books are cooking on heat at 40p+.
Almost all market makers are pushing above 40 and looking to close above that today.
Mangroves are being absolutely burned to a crisp.
That HAS to sting!
Enjoy the ride.
Munnie.
Almost all books have 40p ask.
We very well may breach. If we do there is a STRONG chance of 44p gap closed immediately.
It actually appears that the new gap after that will be 54-60p
Ouch!
When a fund is short 13.8 million shares on a rocket ship.... well, anything can happen.
Over and out and good luck.
Munnie.
Rick123
RE: Mangrove shortToday 11:43
MunnieTorx you have been brilliant, thank you
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My pleasure, Rick. Just reading the books and charts and calling it how I see it. Oilers not my main area but making money is, regardless of what sector.
Munnie.
13.8 million from 22p
https://shorteurope.com/history_player.php?player=THE%20MANGROVE%20PARTNERS%20MASTER%20FUND%20LTD.&land=united_kingdom#Pantheon%20Resources%20Plc
MMs quoting 36.9p
SQUEEZE??
As have been saying since 25p... this has been the time to buy and squeeze the 13.8m short interest.
Likely they are being facilitated and sucking up the buys.
Fill or kills not getting closed for me but 50k seeksers are there for SOMEONE! I wonder who.
As expected.
Moving up to 36+
I have a series of 50k fill or kills. Lets see if they fill.
I see this at 44p by next week and then gapping up.
Munnie
36p+ for most MMs...
Says it all.
BUY.
All MMs now quoting above 35p.
Knock knock...
Kemo. 44p
35p... going........ going..........
Pop that cherry.
35p... going........ going..........