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Only "small" amateur buys but "professional" (aka large) sells on Friday... whilst the share price ended +15%?
You're kidding no-one but yourself, not sure where you think your logic is?
They only 'need' to provide an RNS if they are obliged to do so. We've seen heavy buying/selling multiple times based purely (in retrospect) on speculation/sentiment. There's no reason to call this any differently.
'Investors' should, imo be happy to see this drifting lower pre-news...
I'd hate to think how much some on here have lost over the years - whilst this drill programme is ongoing, the best any 'investor' can hope for is:
1. That the share price continues to drift until news
2. That they have capital available at short notice
Let the impatient continue to sell...
Still waiting patiently, watching this drift... as we discussed previously, the lower this goes, the bigger the upside for those waiting to capitalise on any +ive news. Who cares about sentiment, when the fundamentals remain the same...
What were you expecting before now, to cause the impatience?
The lowest this ticks pre- RNS the greater the de-risked opportunity to buy on the back of a +ive news.
Can you show your working/the standard definition of "seriously invested"... i never realised it was a broad brush approach.
Why is that a bad thing to the LTH?
The cheaper this gets before RNS, the better.
It's good to see we're finally on the same page.
The question still remains, your reluctance to acknowledge it speaks for itself... unfortunately bar GKahn and a small handful of others, there's not many of those claims here.
This is an old man's campfire fairytale, entertaining at times but rarely based in reality.
Im in, sitting in the red & very comfortable, not sure why you're still straw-manning.
Given most here appreciate the potential, i'll ask again - why do you want a high share price now on nothing but speculation when you can get much greater volumes/returns on a positive (de-risked) RNS?
This board can be as crazy as the markets... why anyone would be unhappy with the SP now, knowing the upside of news, which can be compounded across the drilling programme, is beyond me.
I want this as low as possible until the RNS stating we've hit (fingers crossed), i've got a good holding but can get considerable additional volume without the volitility.
Other than requiring patience and common sense, what's not to like?
With such a huge upside, there is little value in the posts ramping others to get in now, or miss out. If PI's consider taking a leaf out of the Farminee book and accept paying a premium from current SP, once news is available (i.e. that the exploration has been de-risked), then there's still multiple X returns on offer.
Which, imo, explains exactly why, despite the pages of strawmen posted over the past 6 months, in-particular the past 2-3, we've seen a consistent downwards drift. The fundamentals haven't changed (they've actually improved), anyone already invested would likely be wise to hold, anyone wanting to gamble and speculate can take their chances now, all others wait for an RNS and have your funds ready.
But anyone in or getting in at 10.2/11/15p - may as well not bother? Regardless of the volume...
Based on what? Sounds like a Mr.P parody account, no issues with opinions but they're expressed as fact far too often around here.
The more this drifts in the interim, the better the opportunity for those watching closely if/when good news arrives.
Please could you provide a link, all i can find from Edison is:
"...Our risked valuation post assumed farm-out value dilution is 30.8p/share at 70$/bbl Brent long term."
Job finally done - they've hit oil? or,
Job done - we've rinsed this vehicle for as much capital as we can?
I'm not sure this share is suppressed... all things considered, the fundamentals haven't degraded at all since the Feb/March presentation, infact you could argue they've improved.
Sentiment (opinions) aren't with us, but positive news (i.e facts) will be undeniable.
For those looking to maximize their earning potential, the downward trend since the second placing may turn out to be a great stroke of luck.
It's becoming less critical to time a position, with such a strong upside i'd assume many with decent volume available to invest will see this as a chance to get in when there's news & de-risk without too much of a premium for the privilege.
There's also a chance that the transactions being shown aren't all sells...
"A broken clock is still right twice a day..."
As mentioned 4.5p is the cash reserves. Much of the rest is speculation, potential and sentiment (or which the recent evidence proves there's currently little of). I would imagine MATD needs some +ive news so see any kind of sustained movement.
...And with the potential upsides i can see the logic in people sat on the sidelines, there's no need to time this one with any great accuracy.
Yes, 8.9 no problems.