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Very strange. The ask has risen despite sells. I'm getting quoted 3.38p to buy.

Ah, I see MrB you're in at 18p and so have a current paper loss. Explains the negativity.

Yes it's for you.

Darwin opens up a new basin of LNG /LPG with billions of barrels on seismic identified. Lots of oil companies out there looking to replace production and reserves due to under investment. Governments are actively telling hem to go out and invest in gas projects. The green agenda is now on the back burner. They need a secure supply of LNG gas for the future. Darwin is about as green as you can get with a low carbon footprint due to dry gas re-injection back into the ground.

How do you explain Navitas farming into the Sea Lion then?? Arguably Darwin is much more attractive. Low number of wells, high liquid content gas and condensate oil, exceptional reservoir quality, huge follow on prospects. Global supply needs new production. There is a huge supply crunch in the pipeline. Darwin fits in perfectly.

He must be near 8%. I don't know who else has been sucking up the millions of shares the last few weeks. Any bit of buying sends the price up. When buys start going through there will be a fast rise in sp.

Calgary was buying much higher. He must be at a loss now. Averaging down probably at this level. Want to see a holdings RNS. Can't be far away.

A quote for just 100 shares is 3.21p

Looks like buys push the sp up quick.

If that iceberg got filled then we could get a holdings RNS.

I'm hoping buys start coming in now the selling pressure is off from the iceberg being filled and MM's will need to raise the bid if they want stock.

Yeah that baffled me. I thought it was due to them not having enough info on the Darwin reservoir and only later found out how productive it is. Now with $100 oil price , it makes it viable for investment with a shorter payback time, therefore likely to attract investment as an option. An oil price of $50 would take too long for payback if ever.

Such wide margins on this stock. Offering low prices to sell and high prices to buy is not creating a market. Selling at this level crazy....buying in small amounts at 3.27p maybe a good call to reverse the down trend if you can..

Maybe buy some Gus?

Thanks Gus. The thing I don't understand is that the order gets filled at 3p and then they have instantly lost money as the next bid is 2.71p. Why would a MM offer a lower price when they could have filled an order at 3p. Why did the iceberg order pay 3p if they will now lose money?

So the iceberg order will lose money now it's filled? I thought the MM's will have no shares and need to up the bid to get stock? Isn't that why you said it will ping to 4-5p?

So where's the ping in sp?

The bid was being fed at the close. Went up with the last 50k at 3.01p. How much more before holding RNS.

Read this and you wonder what it means for BOR.
https://www.bloomberg.com/news/articles/2022-07-05/the-global-energy-crisis-just-got-even-worse-here-s-why?srnd=premium-uk

I think the Board should do a webinar presentation and create some interest. They never have done. They need to communicate more.