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This morning's RNS confirms the rig is 'on site' and anchors being set, all preps being made and spud immanent; plenty of trading taking place and yet the SP still hovering painfully below 0.50 selling.

I was expecting this to rise sharply toward 1p just on rig arrival news, as was suggested by plenty last week. Was I expecting too much?

Now lots of buys and bid price back up to 13.10.

Nowt so strange as the stock market, I don't think I will ever understand it! Only difference between investing and playing the lottery is that investing costs a lot more than £2 a go!! And all investors think they are experts and know what they are doing, like me :-) only I don't, clearly judging by my results so far :-(

Should've left all my cash in the bank, at least it was only being eroded by increasing inflation and not just thrown at bad investment choices!!

Never mind, one day......

@rebel100 @Sharebel @SomersetHippy

Thanks for your insights, much appreciated. As a newbie not always easy to know where to look for info, figures etc. will do some further research in my lunch hour. Always learning here, every day a school day.

Cheers!

@rebel100

How will we know when they have finished offloading the 1.4 billion placing shares? Is that what is holding the SP back?

And when do the 100 million 'Consideration Shares' come into play?

Hi Leedsman.

Not a clue!. Seems odd, the SP was creeping upwards, bid price had gone from 13.20 to 13.50 in recent days, now back to 12.70? Market sentiment maybe? Apathy for this share, possibly? Inflation eroding the cash pot?

Maybe a lack of confidence in the possible offer for Caretech, maybe that won't happen?

Hmm.......

I'm fairly new to all this... if I stay here too long will I end up as barking mad as you lot?
:-)
Don't mind so long as I make some serious money!
:-)

Thanks hopingforbags, for a newcomer like me most of that went over my head....

In summary, what you are saying is the brokers/lenders will ALWAYS win, and us PI's have to take our chances, yes?

So in the present situation where they have 1.4 billion shares to move I now have 1,000,000 at an average cost of 0.5479p - I think I've done the right thing, guess only time will tell?

Thanks updownandaway, got it.

I just picked up another 940,000 so guessing that should help :-)

@ hopingforbags - I'm new to this board and it is literally a minefield, but you seem to be well-informed.

So just to clarify, we are waiting for the 100,000,000 Consideration Shares as part of the Western Gas deal to sell through, then once they have cleared we should see a rise in the SP, especially considering the rig is en route and spud next Monday or Tuesday?
Cheers.

Pounds not pence?!
Now THAT I would like to see......

Thanks Phoebus, that does make sense and I get that. Frustratingly I looked at this last week (possibly the week before) and decided at that time NOT to invest. Whoops! Missed the boat then but realised today still in time to get on board and a profit to be had.
I'm certainly no expert in this investing lark and would admit it was a punt, but wouldn't go as far as to say it was done blindly. Well, not TOO blindly.
As you say, compelling.
Time will tell.

I see the last RNS Update for Sasanof-1 says drilling operation will commence on 24th May so that ties in.
Look forward to next week then.

In case anyone thinks I'm having a dig, I am - but mostly at myself!
It just seems that whatever I buy into seems to drop in price immediately after I have bought in!!
Must be doing something wrong :-)

No day trading here my friend, I will hold for as long as required!
It just makes me LOL how some posters state with apparent certainty what the SP will do.... then it doesn't! Never not funny. Unless you believed it, like I clearly did.
Should have known better :-)

I bought in this morning at 0.64, guaranteed kiss of death!
Current selling on HL down to 0.55, sells listing here just below 0.60, unlikely to reach 0.70 or even be worth what I paid by close, let alone the 1p that some posters here were suggesting would happen.
All pie in the sky as usual.

Thanks Jarv55, wise words.
Haven't made a huge investment but will watch and act accordingly, fingers crossed.

I bought in here at 0.64p this morning. My buying into anything is usually the kiss of death.

Just saying......

CareTech extended the deadline to 30th May so not long to wait, meanwhile the CTH SP has dropped back to around 703p; both DBay and Sheikh Holdings offering 750p but with differing conditions so who knows?
I'm not sure even if DBay beat Sheikh to the prize it will do anything for the LDG share price short-term, assuming they use LDG's cash pot to fund the deal, but will certainly affect the CTH SP on the run up to 30th May.
Although as recently discussed CTH announced an increased debt but then they appear to be asset-rich - a prime target for DBay to re-structure, turn around and sell on in a few years for a lot more than 750p a share, IMO.
That could be where the long-term growth for the LDG SP could come from maybe?
I'm no expert though, just thinking aloud.

Could be something brewing today, a fair bit of trading activity this morning, for this share at least, quite a few sizeable buys but also 2 x 900,000+ unknown trades - should be 'sells' judging by the price but who knows, could be 'buys' made off-market or something unusual? Not an expert so not sure.
Does anyone know anything at all?

Hi Bergcarls,

Same as you, I sold out a while back but still intrigued to see what might happen here. As you say and we already worked out, the asset value is about 20p so 13p SP is a bargain, but only if DBay/LDG do something truly impressive with the money.
See next post......