Member Info for Phoebus

15p bid to 30p ask in one week for a gain of 100% suggests you are already incorrect BRT.

Given the market characteristics of this share it could go to 40p quite easily in this move with little retrace. Won't take many buys to get it there.

A bit of consolidation around 3.5p and we should be refueled ready for a push on 5-6p. Don't forget to buy the dip or you will find it impossible to get in again as soon as price start turns back up. Such is life with MATD shares. GLA

That would see up good for 5p+ IMO.

Not surprising it's a bit quieter here today with all the other small oilers rocketing. Shows that BPC is also moving up due a sector wide rerate after the virus crash.

OldBlue, are referring to the April 30 equity sharing agreement. I though some of that had already been converted. How much is still outstanding then and at what conversion price?

https://investegate.co.uk/canadian-o--39-seas-petr--copl-/rns/-2m-equity-placing---equity-sharing-agreement/202004300720154583L/

OldBlue, where did you read about an imminent £2M placing?

Mamonaku shikansen ga hassha shimasu. Hayaku notte kusdasai.

https://www.youtube.com/watch?v=dwyaKQJZNrQ&t=3m03s

Still just under net current assets per share to buy. Bargain basement.

Does indeed. Topped up. Lots of oilers going mental this week. Our turn next.

You just did. LOL. 0.3p is possible.

Except the share wasn't at a discount to net current assets per share at 2p was it? Makes a HUGE difference.

Real ask still climbing. If we pass 0.20p and hold then 0.30p might be here by close. Fantastic.

It was pretty much impossible to buy any shares once the RNS landed until SP hit the 0.16p level and I was trying tiny amounts on quote and deal and limit order from 0.10p at every increment. Clearly very siginificant news for this company. Move up into close and then up again on open tomorrow. 0.30p-0.50p range tomorrow perhaps?

That's tough. Sold out of KDNC the other day less than 5 min before their super RNS. You'll get the next one.

Best of luck with this Mr. P. Look forward to your positive posts.

Super bullish.

Mr. P! Long time no see! My 0.5p target was based on only one prospect. The licence contains a lot more as you point out.

What's Toilex got in the way of catalaysts?

If they get 15% then target increases to 1.5p seems feasible.