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Not sure about that Gmed...but on the point about orders..we've had many days of devent buying volumes and it still hasn't moved up.On May 3rd we had 37 million buys and it fell!!-there seems to be no ryme or reason to AIM.Totally irrational and inefficient market.
Gmed
An off market deal between 2 individuals is of course a different kettle of fish lol..but if one MM raises the sell price significantly, the others will have to follow...and the big spike in buy and sell prices will also prompt more buying,as well as profit making of course.
Simples really!-but I take it you were being sarcastic lols
If I were a market maker I would certainly be willing to sell at 6,buy at 8..because the resolution of the water problem removes the last obstacle to testing,and deserves a retake.
But yes I'd happily buy at 12 if I were an MM,because it reflects the value of our assets ...and this bad sentiment is based on noise,not fundamentals....
BL
You did quite well with that explanation!
I'm sure the testing equipment has been ordered,but the company need to RNS and Tweet it clearly & explicitly.
Yes I factored in the dilution-but would still be in double figures-though less than the so in December obviously.
Okay,so there are concerns -not huge or fundamental ones,bit this sp gives no credit to the progress made.So maybe not 12p,but certainly 6 to 8p...
People are cretins selling at these prices though,on the cusp of a big spike, as most technical charts indicate.
No desire to be argumentative,fella, but with 9 million buys yesterday and 37 million on the Friday-we've had very big volumes,but these big buying volumes haven't moved the share price.
Hopefully,the taps will be turned on very soon to observe the flows !!
Are there any experienced market makers here,who could explain what is happening here?-what dark arts are at play lol
Last summer we soared from 4p to 16p within 3 months..it touched 4p and quickly recovered to 6 -8p....that was on factored in expectations of Balcombe. .why isn't that happening now?-MMs are factoring fuck all into this share price....yet we know for a fact that are substantial oil reserves at Brockham.
I don't agree that
MMs simply fix the price according to supply and demand.We had 37 million buys on May 3rd,and the sp actually fell!-we had 9 million buys yesterday, but only an insignificant price rise.
MMs DO factor in fundamentals when fixing the price,but for some mystifying reasons arent factoring in the resolution of the water issue,the millions of barrels of oil found in the 2016 Nu tech test's or the 1800 to 3000 bopd flows from Balcombe.
Come on MMs. .this is way,way undervalued...please do your job properly.
It was 12 to 15p last December-on expectation of Brockham flows - before the water debacle & boardroom battle-both these are resolved now-can anyone think of a logical reason it shouldn't be 12 to 14p now??
Not at all.The last rns confirmed unequivocally that the water had been isolated,and that the oil and water weren't co-mingling.it clarified the ambiguity of the previous rns.
It definitely merits a rerate,which will happen,but unfortunately much slower than anticipated.It's long overdue,as we'receive currently valued at producing less than 100 bopd.We know from the 2016 testing that there are 24.1 million barrels of oil per square metre.Tidswell indicated the abundance of oil in the Kimmeridge in the rns of February 7th.It's utterly bizarre and insane that we're currently valued at less than 100 bopd,and that Balcombe''s 1800 to 3000 bopd aren't even factored in.We definitely need some interviews with either JTP,Lucan or another director as the company isn't getting the credit or the valuation it deserves. Expecting 5 to 7p fairly soon.
Are you serious? You're blatantly derampinf this by spinning outright lies.Concrete news??-we HAVE HAD CONCRETE NEWS!-water Contamination solved.Water isolated and oil free to flow.
Overvalued ????-you are completely taking the piss and going OTT in your attempts to short this stock.
We have 3000 bopd flows at Balcombe,and firm evidence from the Nu tech testing and analysis that there are millions of barrels here at Brockham.
The February rns confirmed large amounts of oil in the Kimmeridge.These tests are just to confirm the exact flows.
This is ludicrously undervalued.Boardroom issues resolved with new CEO;water problem solved;even with the dilutions we'recommend still in the same fundamental situation as December.So why aren't the MMs pricing in the resolution of these problems,why was this stock priced at 14/12p in December and less than 4 now???
Seriously mispriced
On the contrary,the last rns was anything but " wet"-it very clearly and emphatically stated the water issue is resolved.
I'm expecting a rerate because the water issue is resolved.
Ludicrous foe the so not to move in the next month..expecting at least 8 to 10p by mid June.
Remembwe, before the water obstacle was encountered in December,this was 14p.That's dealt with,so we're in the same fundamental position as at Xmas.
Expecting a big rerate very soon,then a huge one on good flow rates.
We've had the RNS confirming that the water issue is resolved.
What RNS are you talking abut?
There should have been at least a modest rerate this morning,because the company has got the big obstacle out of the way-water-and this certainly merits a rerate.We know from both JTP''s comments,and the Nu tech analysis that there are millions of barrels of oil underneath Brockham .
Come on MMs. ..this is woefully mispriced and undervalued.Current sp factors in less than 100 bopd....sp of 5 or 6 would at least start to factor this in...and this would be an ultra conservative estimate.
Rerate definitely warranted to 5p-7p on the basis that the obstacle to flowing has been removed.
Who exactly are the market makers for this stock?-is Winter flood one of them?
Why are they selling at a loss with things going so well???(forgive the unintended pun).
Water issue definitevely resolved.Comms much better.Flow testing next,and nu tech 2016 survey indicating millions of barrels of oil pet square metre.The probability of a good flow here now is about 80%.
Why are these idjuts selling,abs why hasn't this been rerated today to at least 5p????
Utterly bizarre and inexplicable.They are proving themselves efficient and transparen't. Sentiment should be getting more positive now.
We will see the late teens this summer without debt,especially with good glow rates of 300 bopd+... for flows of 1000+ that would accord us a value of 30 to 40p easily. ...time for the derampers to go home and put the kettle on.
This is going to SOAR,simply to bring us to a fair valuation
Because it takes time for the penny to drop for many nervous potential investors -bit it is rising from the earlier prices.
Last chance to buy in below 4p imho
Their communication is excellent.Water issue resolved .Flow test equipment is there, and is beginning in earnest over Nay and June.Nu tech survey of 2016 identified millions of barrels of oil per square metre,so we know the oil is there in huge quantities.
A big,big rerate coming here and long overdue it is.Next week expect to see 6 to 8p.Anyone buying in here will certainly double their money.
Glad to see the share price has recovered from lower levels earlier,expecting to see it hut 4p++ today,5 on Monday/ Tuesday..6/7 by end of next week.
And now the water is isolated. ..most of those 70 million placement shareholders will hang on because they know really good flow rates are coming, and in anticipation of it the share price will surge.
You're only deramping after this because you're shorting it,no other explanation.
On fundamentals this is excellent news-what we have all been asking for-and I repeat 6 to 7p early next week.May God strike me dead if this doesn't happen next week.
Excellent update-exactly what we've been asking for,and what I've been complaining they hadn't done.Fair credit to them-absolutely clear,transparent and unambiguous.WATER PROBLEM FIXED END OF.
Flow testing next.
I definitely expect to see sp up to 6 or 7p early next week...MMs canr hold this down forever with such outstanding news.
I would bet my life on it.
Anybody selling at these prices is a TOTAL MORON.
Water successfully isolated -clear as crystal-next stage is flow.
This is going to soar ....expecting a strong rise today,or early next week.
This news deserve's a good rerate to 7 or 8p..astonished we didn't open at 5p today for starters. ..but I bet my life we will next week.
The only way is UP,UP,UP...
The good things has come!-water problem resolved.It's just made fuck all difference to the share price,which should be 5 or 6p....if MMs weren't such blatant crooks...
Do people think that Brexit will happen first,or angus'share price in double figures?