Member Info for Pondering

Guly, I will just repost your nice positivity:
"Q4 will be the best Qtr yet, hang in there".

I think most of us are on the same page, though very irritated.
Impression still - one larger seller, no placing (unless for something interesting that we don't know about), no skeleton, market buying power generally down, MMs drop the price because they can, medium-term fundamentals look good, BOD could do more - (good) updates, PR and direct share action. Done for today.

Not huge trading and there are buys in there. However, a series of £7-9K delayed trades. Assuming they are sells, could well be from a single source. Generating demand for the shares to prevent the price dropping is the ongoing job of the BOD. If they decided to buy more at this level as well, I certainly wouldn't object.

From the official RNS: "The Company is debt-free and has adequate resources available to deploy capital into both operating segments to deliver growth and shareholder returns".

My simplistic take - liabilities are not the same as debts, and not all liabilities are expected to necessarily to come into play short-term, or possibly ever.

And "cash balance as at 30 September 2021 was $6.4 million".

Agree. Something dysfunctional is going on particularly with AIM, and actually since about January. I don't believe a specific MM or other conspiracy, though most drop the price too easily on few trades, and then try to resist any rise. I guess they see that as their job and mechanism of making money, but it means companies becoming significantly devalued often on very little share turnover. Something that should be regulated better.

AIM drops this year have led to a cycle of under-confidence compared with last year. People not being able to take profits, so not being able to move those profits around to support an SP elsewhere. Many shares I have held have had larger holders drip-feeding sells as well.

For SENX, simply running in good profit seems not enough at the moment. Unless they can do more to stand out from the crowd, it's a hold for me until the market cycle reverses (upwards) again. I don't need to cash them in at a loss, and they are on a much stronger foundation than many imo.

A tsunami of 9 trades, including buys. The MMs have decided the reactionary drop, rather than the market.

Dunno. I always post considering someone from/for the BOD might be reading! I guess depends on size of the profit and if they are obligated to use elsewhere (debts) first. But it would definitely get SENX out from under the radar.

I'm happy with this BOD, but these current markets need something really impressive to move volume up for more than about 2 hours. I would echo O2B@C and say assuming there are big profits from recent gas prices, then they could use some of the profits for share buy back, or even plan a one (or two)-off dividend to generate some excitement. Say 1/3 of profits for those activities to directly benefit shareholders, 1/3 for sustainability & risk-minimisation, and 1/3 for exploration/expansion. Just musing.

Expecting very positive profit numbers ofc. At the moment, the trading volume here is too low to move it. Reporting that we have made a lot of money is unlikely to be enough in itself. Needs more news to confirm sustainability and particularly some use of the profits to grab the attention of investors. I don't think I can attend, but will watch it on "catch-up".

Agree (though on a different subject title). This is great progress, but now needs more PR get the info to the wider market.

Yep fantastic news. Been holding these faithfully for a long time (from PAL). 1) Great resource 2) Significant de-risking 3) Company behaving professionally locally 4) Not likely to be a huge amount of shares for sale - after so long, mainly lth's here now hopefully!

I don't think it's 'people'. I believe there has been a leftover large background seller - undeclared or not needing to declare. And once they are out, that is when the rise proper will begin.

The theory on Clarendon possibly selling didn't hold up to closer scrutiny - I think they bought low in a placing/drop in SENX and then sold on a bit higher soon after. For COPL their TR1 RNS 11/3/21 shows they crossed the 3% threshold 9/3/21, when the SP was 34.5 equivalent. And then looks like have maintained in the 3-4% range, but with a larger holding to reflect the increased share base. Hence, I suspect they are also looking at the sp with surprise and waiting for an anticipated reversal. GLA.

From what I can see Clarendon held SENX in the same fund and went from 6.21% to <3% notified in one TR1 on 15/12/20. There was a marked % drop in the SENX sp around end Nov 2020, though they were certainly not selling on a high (the sp had been falling most of the year). So, possibly some form there. Bank also possible in relation to COP. If one of them, and not all captured in the end of day, then here's hoping (!) not too far off.

Flying requires uplift indeed, but first the chocks have to be released.

19-Nov-21 14:39:43 9.70 300,000 Sell* 9.70 9.90 29.10k
19-Nov-21 14:03:07 9.71 100,000 Sell* 9.70 10.00 9,710
19-Nov-21 13:27:24 9.70 650,000 Sell* 9.70 10.00 63.05k
Waiting game as usual. If D*, then maybe 60 trading sessions to go. Then up to 17p. A guess only.

Disappointing. Gone very quiet here. Last RNS - "priority" sites identified "trends". Investors will want to feel there is good likelihood of real success from further drilling, or there is some other mechanism of profit (or at least reduced loss). That's for the BoD to convince, if any happen to be reading and preparing the next RNS.

Assuming you believe in the fundamentals, then holders will sit on hands at this point. I've done it myself in the past - sell something in haste in a trough and regret at leisure when a few days or weeks later the sp rockets back up. Whether the current action is a larger holder +/- individual PIs on lower buying background, or shorting, it will come to an end. Use the filter green boxes - it's better once you have worked someone out to not to read what they have to say.

I'm inclined towards your thinking islandgirl. Possibly part of positioning for CUDA and also linked to the discovery well info being kept confidential for "competitive reasons". News will come when it comes.

Not disagreeing lokanraej, bw.