Member Info for Phoebus

This was in the 40s before the virus hit so plenty of running room yet regardless of any news on TLW farmdown and drilling schedule.

Best liquidit I could get was £1K at 2.1p. :(((

No big deal is it. Having seen the big rise many folks will have looked into this and realised the huge potential on offer. Thinking they'd missed the boat they will now have the chance to get in on the retrace, which will send this MUCH higher next time around. GLA

Don't forget that BOIL's new Chuditch discovery project has Pmean recoverable gas of 1,276 to 1,740 BCF, which is 53.2 MMBOE to 72.5 MMBOE net recoverable to BOIL. Utter bargain.

https://investegate.co.uk/baron-oil-plc--boil-/rns/information-on-the-chuditch-1-discovery/202002041330069241B/

Some mahoosive trades going through there. 600K (£150K) buys at full ask plus others.

Yayay, you are spot on!

I see ARK is up 83% today and now has a higher market cap than ERIS despite having a net current asset position of ZERO by my calcs. Seems they need to do a placing and we don't. In fact I can only see 2 gold companies on the LSE with a lower market cap than ERIS and they both appear to have a negative net current asset position whilst ERIS has a pile of cash. Shows how massively undervalued this is.

Now only £0.5M premium to net current assets.

net current assets of £1.2M! WAY to cheap.

At the current SP roughly 100% of JOG's market cap is backed by net current assets per share. Of all the resource stocks on the LSE very few have such high balance sheet backing. Plently of them actually have a negative net current asset position and a lot more less than 10% backing. JOG is actually pretty fantastic at this price point and to suggest it's grossly overvalued is complete BS.

TLW did seem trigger happy when WTI perked up this afternoon. Outperformed the rest of the sector in the same way just before that last deal was announced.

Someone is certainly buying up lots of shares today. Lots of 50K blocks gone through plus many other decent buys.

LOL. I know the feeling.

I suppose some will have made a good profit if they were in early this morning though I'm surprised they don't stick around a little longer as this has much more room to run with such a tiny market cap. Different strategies I guess.

Regarding TLW specifically, I won't be surprised to hear them announce another corporate deal very soon and it may very well relate to Guyana. Regardless, any improvement in TLW's balance sheet will significantly improve the outlook for drilling on Orinduik and be good for ECO.

Wouldn't surprise me if this closes near day highs and then doubles again tomorrow. At £2.2M market cap it's all to play for. Risk is not being in IMO.

Exactly. That's what the whole price drop exercise was about. With the sudden flurry of buying out of the blue in an unloved share with low free float the MMs will have needed to restock the larder to avoid getting too short on the next leg up.

Thar she blows.

Front month WTI and Brent dropped significantly over the last 24 hours yet the big cap producers hardly budged. As soon as crude prices started to pick up in the last hour or so the big cap producers rose much faster than they had dropped with TLW leading the charge with a gain of almost 13%. This suggests that while the price of oil contracts may continue to face headwinds particularly around expiry, the market is sensing that the bottom is already in for oil shares.

I think sentiment is turning here. Gold and big cap gold miners have been on a tear and now attention seems to be turning to the explorers as it seems like recent market turmoil is subsiding. I expect several of the smaller explorers could multibag very quickly from these levels. Picking the right ones is the hard part, but this looks like a top candidate. KAT with its ore processing project looks good too. Any other suggestions?