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I don't understand how these shares can get sucked up and no holdings RNS. Everything is off book and kept secret. How is this allowed? Over 1% in one day has been hoovered up to someone. If they are already over 3% then they need to notify the market they've increased their holdings. But this never happens. It's creating a false market in the shares where they can keep sucking up shares without competition. If everyone can see that someone's buying these shares and increasing their holding, then they will want to buy aswell. Maybe that's why there is no holding RNS because they want to monopolise the share without competition. Which means we don't get fair value.
Surely when people see that trade for £118.5K worth of shares at 2.09p then everyone will want to buy. Especially if you can buy at 2p. This share is crazy and big hitters are accumulating on the quiet and not in the open market, which gives a false impression.
How come they were paying premium of 2.09 at 13:26, when the bid was 2.0p ?
Big buys reported late. What's going on? £118.5K
A 250k buy at 2p, but all day there was no sell for that amount below 2p. So how can a MM make money on that trade?
Party is tomorrow as contract news lands. Website being updated.
He said back in September that he can't say anything as it might affect their ability to close a deal and that would not be in shareholders interests. I get the impression they have been on the cusp of closing for sometime and the final details are being put in place. Then again they could be a million miles away form a deal...but then the FPSO search for redeployment wouldn't have been instigated, so it must be really close.
I emailed Howard but he hasn't replied. It could that he's busy and at a delicate stage in farmout talks. Got to be near the line. The JV partner(s) can't just of disappeared..unless they no longer want the oil and profits, but doubt that.
The board are in farmout talks and under NDA's so can't say anything.
I was offered 1.939 to sell all mine. Now gone up to 1.95p
Looks like the 1m was late reported sell from 13:12 hence 2.01p.
How can someone sell 1m at 2.01p when the bid is 1.90p. No way could I get 2p
Is it a shake before news?
2.147 to buy. Not exactly dropped as much as shown.
Website must be having an update to coincide with the company's new lease of life.
I sent an email at the beginning of January and haven't had a reply. Before that, I sent an email about the interims in September and did get a reply then.
Below is what I sent at the beginning of Jan. Be nice to get a reply.
Dear Howard,
I hope you are well and a very Happy New Year to you and the team at Borders and Southern.
As we start a pivotal year, I am just emailing to ask if the company will be giving any guidance on activities for 2024?
It has been a while since the interim update, and it’s not clear what is happening for 2024. I understand that the company is looking at available FPSO vessels for a potential redeployment. I would like to know how this fits in with the strategy of securing a partner?
I do understand that issuing news regarding the farmout is not appropriate while discussions are ongoing, but guidance on activities for the year ahead would be welcomed.
Yours sincerely,
Loading trades going in.
Fill as much while down here as it will turn and you won't be able to buy.
Anyone emailed the company to ask what's going on? I expect if they are close to a deal then all comm's will have ceased while they get this over the line. But if they are sitting there doing nothing then I'd expect they will reply to an email.
Some really got mugged this morning and it's only 8:30.
Loading for the turn.