Member Info for Phoebus

Down channel nicely smashed there.

You pipped me to it. I was about to check his twitter feed. Any idea when that was added to his profile?

Volume of 755 BTC in 15 minutes on Binance, which is almost the highest since the $29.25K low. Whales on the hunt?

Very sudden change of direction there. Is the down move running out of steam. Certainly starting to feel that way.

That's pronounced Doggy and not as in Doge's Places right? Even bigger LOL if so.

You may end up being very grateful it didn't go through.

Two days ago you posted, 'Potential to go up 100% in one day and that day will come very soon.'

Whatever.

87.29p in the US.

There was this one the other day on ZH although I doubt anything will come of it. Plenty to be going on with as it is East of the Esequibo if we don't spend the other $12M on Bitcoin. Might have been a better call strangely enough.

https://www.zerohedge.com/energy/will-venezuela-go-war-over-oil

I agree Elgin and that was my take also, however the appetite for oil explorers is not what is was and it may be much harder to raise funds this time round, so I would have preferred them to husband their cash as much as possible at this stage. Focus on the core project and get fancy when markets improve or if you manage to raise more at a big premium. If the deal offered fantastic returns I could understand them rushing to do it at this stage, but could they not have found a better return in the jaws of the sector sell off last year. It makes little sense.

'Our decision to form this new majority held renewable energy company was partly driven by a lack of oil and gas acquisition opportunities that are as good and as prospective as the ones we already hold.'

If they think the current assets are that good, then just focus on handling those those in the right way to maximize shareholder value with minimal dilution. It's almost as if they just wanted to spend the money to run down the balance sheet and look like they're doing stuff. Couldn't find anything else to spend the money on so just went for whatever was on offer. Feels like a shifting of the goalposts because Guyana isn't going anywhere ... (yet). Sometimes being a good boss is knowing when to do nothing.

Expru, words of wisdom from RD Jr.

https://www.youtube.com/watch?v=oAKG-kbKeIo

I have a feeling they will be making regular purchases as things unfold so they should end up with a decent haul overall.

Agree on 6-12 months. GGP could always be a case of sell the news as it was here the other day.

It doesn't support the SP if it leaves the company having to raise more funds that it otherwise would have, especially in this market. RBD have supposedly made the second biggest ever oil find onshore UK and their SP has been sideways for months despite this. Today they did a big placing well under recent highs.

Metals roofing it and OMI is ... down? I know we're not a producer and it's only short term, but seriously. Come on.

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I see buys coming in, but for the first time in years I'm not sure I can be ars_d to buy. Fully funded for drilling, so what. How about admin and other cost, then we get time creep on drilling and before you know it you need another placing just to get to the end of the drill program. Moreover, if you think they will go into drilling without ensuring they have a chunky amount of cash for afterwards then you're a chump. I'm certain we will get another placing ahead of drilling.

Just remember, Denby is a mug.

https://www.aldiss.com/denby-imperial-blue-craftsman-mug/p2941

Noooooooooo! Why did you do it? KR1 and ARB are the best and for very different reasons. COIN, MODE, VELA and PIRI are on a variety of ever lower rungs and nothing else is worth mentioning IMO.

However, WSB are not taking on chumps when they try to ramp silver. JPM has limitless ammo. If JPM want to cap it they will.