Member Info for Phoebus

ECO closed at 26.9p on TSX yesterday.

Good push again today. Looks like exploration by oil majors is about to get going in Namibia and any success will likely lead to farmins to ECO's extensive acreage there and drills being scheduled. Additionally it looks like there will be further asset sales and farmouts by TLW that will likely including Orinduik, significantly accelerating our next Guyana drill programme. GLALTH

Selling below current net assets per share though is a bit desperate. This is surely time to accumulate.

ECO is very hard to sell this morning and very easy to buy. Main markets seemed to have stalled which is not helping. Hopefully we don't get another leg lower across the board.

They may try to lift it over 3.5p to encourage uptake. Not to say it will stay over 3.5p once folks have ponied up the funds though.

https://www.youtube.com/watch?v=pAgnJDJN4VA&list=PL2E373ABBD360C09F&index=14

Fed done and dusted and gold spiking to 2-day highs. Looking good for next push tomorrow.

Gold is hitting all time highs in every currency except the USD and is at a multi year high against that too. Sentiment is really surging across the entire gold mining sector with explorers finally starting to get some of the attention. ERIS appears to have an asset with believable potential, around £1.2M in the bank and a very tiny market cap. With such good sector sector sentiment I'm more than happy to chance my arm for a few K at this market cap and see where it goes over the next month or two. Might drift 20%, might increase by 200-400%. Excellent risk/reward.

It's the Fed this evening, so see what that does to the gold price. I see a 1.2M share buy has just gone through at full ask 12p. Nice.

Just use this https://investegate.co.uk/

Spot on Denzel. Brent front month contract just had bullish breakout. Looks like the bottom might already be in for the oil sector especially with lockdown starting to be lifted around the globe.

Front month Brent contract just had bullish breakout. Very bullish for whole sector. Bottom could well be in.

Yep. Bullish breakout just occured in front Brent contract. Is botttom in for the oil sector? Could well be. GLA

Managed to open an HL account which allows purchase of LBE shares. Not an ISA, but can do the bed and ISA later. Managed to get the £10K I wanted. Phew!

25.5p trades appear to be buys.

56K purchase over the ask at 26.46p.

on verge of bullish breakout.

Cannot buy this on Barclays trading platform. :(((((((((((((((((((

UFO looks to have a positive net current asset position with some cash in the bank, so a lot better than many explorers.

Once we get the green light for drilling then that target looks perfectly feasible. Given that light crude has been discovered in the Cretaceous both directly updip and down dip of our own Cretaceous targets the odds of finding oil are extremely good particularly in the right hand part of the Orinduik licence near the Hammerhead discovery. The Cretaceous targets are particularly large and a well in this area could drill stacked targets making for one seriously impressive drill with a likely very high COS. If the market is indeed turning it looks like time to add on dips or momentum and if TLW farms down the licence then strap yourself in. GLA.