Member Info for redwineday

Can only really assume this is pure momentum trading

Thought we might have a blue day today but as usual my optimism was misplaced. Down 13 of last 14 days. Must be something of a record for a stock with no profit warning.

Spot on mate.

Auson

You need to add another 7m onto your total, for less than 1m traded. Jeez...

The only thing that matters is the bid price has now dropped by 25% since the recent intra day high. Why?

This is extremely tiresome...

Bradley . We are in a similar position. My logic is (feel free to give me opposing views)...

If you believe 3b/4b will be drilled then you also have to believe Eco will be higher, maybe much higher after the drill announcement and spud.

But it's Orinduilk that holds me back. To many unanswered questions on how we got to here without something happening already.

If Orinduik fizzles out then it's an all or nothing on a find in SA. I don't count Namibia as it's too far into the future to be material vs other places to invest my own hard earned.

Good spot norseman.

Looks like they could shuffle the deck to find a solution. You'd also need to know Guyana tax law of course!

Indeed GoCPI. Nothing to compare with each other. Sorrell for all his recent faults is in a different league from Moulding.

I found it interesting in the interview posted below with the Australian guys that he specifically mentioned and I'm paraphrasing "better to under promise and over deliver". I might be kidding myself but why would he say that if he were about to do the opposite. He also seems quite relaxed. Although if I had his cash I'd probably be relaxed too!

The tax losses I assume will be held by Eco's Guyana subsidiary. For them to be utilised in any transaction by a future partner would, in normal circumstances require the subsidiary to be sold in a share deal to that partner. Of course I don't know enough about it to say it's not possible but for that to happen and Eco to maintain an interest in the licence would seem complicated. Guess it would depend on the governments attitude and in these parts of the world anything is possible particularly if you are Exxon.

Markets are broken

Start up used clothing site valued at $5bn PE of 278!! S4 currently valued at 3. Nuts...

https://www.ft.com/content/42ad7da6-693b-472c-8e52-ce8d5158128d

And if SMS said no at 90p why would he even pick up the phone for less.

Remember is his mind the correct valuation is between 800m and 1.8bn. No way will he accept anything less and he is the controlling shareholder.

"Cant be too long ... the first out of a slowdown is advertising... SFOR has to be worth 50% more than today"

The offer suggested a matter of weeks ago was 90p!

2 weeks ago it looked like 70p was coming. In the intervening time nothing has happened an d ehav lost the thick end of 20%. Lets face it, until S4 report an improving outlook its bouncing around like a pinball.

*relative not reactive

Nonsense.This is price being driven by algo trading. HF's using the reactive low II and PI trading to work the price. No news is creating the oxygen for this.

This stock will recover when there is positive news.

Bots up and at em early today. Final concerted effort to take it down?

You would have imagined the HF's would be looking to reduce their exposure pre the FED meeting on Sep20. I am hoping between H1 call and the FED we should be higher at the end of the month than now.

Bots doing their usual, hammering it back down.

I'm no doubt seeing what I want to see but if it's likely to be Exxon, ECO would be really keeping the info as tight as possible. In the pat it's been leaky. however they managed to keep Total farming news quiet until the RNS and similarly the AOI deal was quiet also until the RNS. Hopefully no news is a positive.

I would expect next news to be an RNS on the AOI deal completing and this then paving the way for news on Orinduilk/Hammerhead, hopefully before the end of the year..