Member Info for Phoebus

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Operations startup Tuesday week. I've been waiting years for this. Very exciting times.

72% COS, who cares.

I see that PMO has collapsed today on news of placing to deleverage its balance sheet. TLW seems to have dropped in sympathy probably becuase a similar bailout placing is expected there given their debt position. Hopefully once that's out the way TLW can move forward.

Guess there are fears TLW will announce a similar placing to PMO.

More wells being planned and RBD massively increasing its stake in the project. Why else would you be doing this unless you were seriously impressed with findings so far in the Kirham Abbey? Are there any connected parties here with serious skin in the game?

I'm still nervous of going big until the goverment makes its contracts position clear, but that was a decent update.

SP swimming in treacle at the moment. Will be like a visit to an Azeri health spa soon enough. Swimming in black gold.

Sammy's 25p is more realistic.

Next news should take it a lot higher than that.

https://www.rns-pdf.londonstockexchange.com/rns/6128W_1-2020-8-19.pdf

Buyers stepping back in again over 0.10p.

The point is not that the identification of red trades as sells and blue trades as buys is innacurate, everyone should know that. The point is that market makers can take advantage of this by widening the spread to help create a false picture. If you see this happening it might help determine where they want the SP to go next.

I disagree. If this was an order driven stock matching buyers and sellers diredtly then you could say that there are no buys or sells. However, ALBA is a market maker driven share so the MM stands as a middleman between the buyers and sellers, thus each trade can be considered a sell if it's sold to the MMs or a buy if it's purchased from them. As for the MMs having no influence as to whether a trade is shown as a buy or sell, that is also incorrect. You will often see them increase the spread so wide that buys go through under the mid price of the artificial spread so that they appear as sells and vice verca.

Taking positions ahead of Dunrobin farm in joint work progamme end of September deadline. European major working on the asset has about five weeks to indicate whether it will extend cooperation agreement and negotate for a farm in by end 2020. This would be a really big deal for a company the size of BOIL and given the size of the target and proximity to other fields I expect it will get the green light. Then of course there is SE Asia. This market cap could be a distant memory very soon.

Rats leaving a sinking ship? Are you serious? New shares worth about £80K versus gold operations start in 13 days. LOL

It's a tiny amount. The important things to focus on here are the tiny market cap, imminent operations start up, anticipated bonanza grades and gold bull market. This has a long way to run.

Only a small amount. Another 4 months until next exercise so green light to now move higher into operations.

Any UK only silver investors will likely have most of their money in baskets such as GDXJ, GPM or silver ETFs like PHAU, plus positions HOC and FRES, the only real silver producers on the LSE. They will also be looking for blue sky upside by opening a few smaller positions in explorers and developers. Problem is I can on see only two silver tiddlers on the LSE, UFO and EUZ, so what else are they going to buy? They've already piled into UFO and it's roofed it 400% in 7 weeks. Won't take much for this to do the same. If silver bull continues this might just get a bid. Silver deposits are not that common. Cheapest place to mine is often the stock market.

The point is funds are now flowing into AIM precious metals tiddlers that are starting operations sending their SPs through the roof. ALBA's turn next.