Member Info for Phoebus

Being very conservative I'd say 5.0 to 5.5p looks very likely doable without breaking sweat, but could easily do more in this crazy market. Recent high was near 6.5p, so maybe that's where the market is looking.

Can't buy any shares on quote and deal.

Chart certainly looks good for an imminent large move up. Front month Brent near $32 too.

Well said. Sounds like they missed the boat. The negativity is usually a sign you've hit the bottom. I see CLNR is moving up nicely too this morning. Similar play there too.

Indeed. Looks set for an imminent break of 26p.

Brent front month now $31.82. 'Certainly some of the restarts globally are helping,' said Andrew Lebow, senior partner at Commodity Research Group. 'We’ll be well below where demand should be this time of year, but nevertheless, for the time being, the worst on the demand side has probably passed.'
https://www.zerohedge.com/energy/wti-holds-exuberant-gains-despite-bigger-expected-crude-build

And front month Brent now back up to $31.70.

Closed at 27.8p on TSX.

Touched 3 week high of 1.5p.

Brent from month now $30.56. Recovering nicely.

Post Covid crash high is 1.595p. Not far from that breakout level now. Expect this will pass 2p very quickly once that is breached.

Brent back to $30. Time to turn off the freezer.

This stock has a habit of suddenly doing very large moves to the upside. Have a feeling one is not too far off. If lockdowns are starting to be lifted minds will be turning to exploration drills getting turning.

Is the only funding still outstanding the remaining £1.54 million of convertible notes from the second facility? Thanks. If so this should be easily swallowed up by the market. SP currently very significantly below price of the vast majority of the funding.

I know the funding for this well has been pretty complex. 2 drawdown facilities, a placing, an open offer, a Bahaman investment fund subscription. Have all conversions taken place and all monies been receieved yet or are we still awaiting some tranches? Thanks.

41% up LOL. Can't belive anyone's actually buying this rubbish.

The previous derivatives were exercisable at 40c (about 30p at the time) if I remember correctly. SP got nowhere near that. The exercise price for those things means sweet FA. It's just a free way to try and spoof the SP higher and anyone who falls for it is a fool. Moreover, I can't believe how gullible investors are to bid this up 200% on the consortium interest old chestnut. This things had more fishy false starts than anything I can remember. Fool me once. LOL.

Also it's funny how some really awful companies are skyrocketing despite having almost zero or negative net current assets and no pending operations. If they can rally then CLNR certainly can. Then again perhaps that shyt is going up to help get a placings away, something CLNR doesn't need to do.

A new asset can be injected at any time.

Redeployment of cash is a sensible reason, but surely it makes sense to be accumulating at these levels.