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12-14p range imminently IMO. Buys going through on ISDX. Still massive discount to cash.

feeling ever so slightly violated here with the SP action the last 24 hours?

Any chance you can cover this in today's Bearcast Tom? I seem to remember you were fairly positive on this at one stage. Cheers.

Not even a boom. RNS. Price gaps up on no trades. A few buys. SP ticks up a tiny bit. Sell off. Given news, market reaction is poor. Market would've been more impressed if company announced a big discovery of dog mess on its licence.

both 2.6p. Looks like a shake.

Yep. Only 38% of shares in free float.

Indeed. First heard about it on his site. Good sign.

Investment at a premium on the cards and SP rising of all time lows. Fill your boots.

means that any squeeze in SP will be far more pronounced. This is one of the lowest free floats among resource stocks on the LSE. GLA

recovery starting. Lots of small oil stocks starting to move. Balance sheet here is fantastic with huge discount to cash. Easy 100-200% is short order as sector recovers.

Brent is also on the verge of breaking its year highs. This may possibly be the final artifical low before the stock has a strong recovery. Seen it before.

SP was down 47% on suspension of a DEVELOPMENT well due to MECHANICAL ISSUES. I would expect such a drop on a wildcat exploration well duster, but this? Catastrophic overreaction. Market really lost it.15% drop followed by quick rebound would have been more appropriate. Anything under 10p is a solid buy IMO. Back up the truck.

Good move. Total overreaction. Oil sector doing well ATM. Just fill yer boots. Will be back up very soon.

just posted on SP website.I don't like this bit as it seems to contradict what the RNS says. 'I apologise to one and all over Wishbone Gold (WSBN) which has today completed a £600,000 placing at just 0.75p with broker Belfort Securities handing out shares to spiv bucket shop flippers.' Go read the rest on his excellent website. He seems pretty well connected in the city so I guess his info is good. If this is indeed an ordinary bucket shop flipped placing then I am not impressed. Better out than in for time being I guess as this may drift towards plcing price. Hmm...

You talk sense, but I guess it's the way of the market. Perhaps they had been negotiating the funding from a while back when the SP was much lower. A long term investor is not going to pony up £600K unless the prospects are excellent, which is how it looks. Winnifrith is also in here and he will no doubt be keeping a close eye.

Lots of buys coming in now. Folks realising that was THE buying opportunity and the pullback is over. Need to step back in as fundamentals are about to get priced in.

3 buys now at 1.15p, up 5% on last close.

on the charts. Very bullish. Tsuki ni ikoo!

Placed with a long term strategic investor not a bucket shop so no flipping and no downward pressure on SP. :D

Interesting to see that ISDX trade data seems to have lost its delay. Already 3 buys around yesterday's close price of 1.1p. Blip over. Guess this will make Bearcast today.