Member Info for Phoebus

Ooops wrong board.

Talk about bad timing. Took my profits at 8.65p moments before RNS was released. :( GL to the rest of you.

Careful. Your tambourine must be wearing thin.

https://www.youtube.com/watch?v=_73NU6OlNuw

Good to see you in MATD too.

Yawn.

Interesing article for those short on shares.

https://www.indifferentlanguages.com/words/thursday

They pumped it up for a discount raise before. Thing is though it went up several hundred percent before it was discounted down to a much higher level than it started at. Happened more than once. Sitting on the sidelines waiting for a placing at lower levels will likley lead to egg on the face with this one. Given they have a discovery of 33 MMB Pmean recoverable under their belt now yet a market cap of a mere £19M they should have no problem plumping up the SP before doing any placing at significantly higher levels. It's how MATD rolls. Lure of the licence will likely be the catalyst to drive this higher and do precicely that.

Drilling was still two months or more away at that point so there would have been more room for it to rally. Rig contract and more funding sorted now too. Also AIM resource stocks have been struggling in major downtrends the last year or two, but with the gargantuan money printing underway by global central banks and near 0% interet rates we appear to be at the start of a major reflation trade which seems to be changing the mood across the entire market. Plenty of resource stocks have been on absolute fire the last month or two, many without any real catalysts on the horizon.

Don't you need brackets?

Fixated on Thurday because they didn't buy enough below 2p or they sold in the last two days hoping to make a quick turn. Huricane season won't make a difference either as its also not news unless of course Hurricane Farmout barrels through and puts the wind up the share price.

It's not that simple.

I don't agree. To offload shares you need buyers. The best way to get people to buy is on the back of a RISING share price. Big rise on big volume and you can offload plenty of shares into the rise especially if you do it at a measured pace.

Exactly. Nada.

All this harping on about Thursday to try and talk the price down is so transparent LOL. Will be funny if they mark it up at open on Thursday and it just goes higher.

Nope. Just RKH following the sector with a move of the COVID lows after a two month consolidation and nowt else. It's not the only one doing it.

Shares often starts moving many months ahead of drilling and don't come back down at all. Given that Perv#1 is such a significant well I don't think the market will make it too easy for folks to buy in low now the ball is rolling.

LOL. Full name is just too long to type. Think it's a fun compromise.

Expec this will move up well ahead of news.

Lots of small oil stocks are starting to move now as sector recovers from COVID lows. RKH just done a similar move.

I'd expect a lot of buying in the 2.9-3.0p range if it gets there else we just move higher.