Member Info for sankeys

Why don’t we wait for the consultants to decide if it’s commercial or not, as opposed to some dubious ADVFN poster who creates his own boards to peddle awful dog shares he’s pumping.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/14314978.html

Then why’s the SP dropping ?

Got to be a take over target at this price, but am happy to hold to next drill campaign.

For any SP rise you have to factor in the warrants, also the cash from these of course. I have a top of 70p in the short/medium term. However I think it will settle mid 50s tops on any next drill success, anything above that will be a fade that should be sold into. Of course a Serenity JV RNS could blow things out the water, but I can’t see any progress on that until after the current drilling campaign.

You’re baffled but call yourself a tech guru? What was the price in May 19 before the run upto highs pre liberator drill? You can even go back to 2017 to see it was a significant price area before the initial rise. Now where did the post May rise take us? And what’s significant in that 55p area?
Who wants to guess the SP if this next drill is seen as anticipated ?

To get 20% of market cap I think your looking at 0.16, the market would have seen the response to RBDs one where those involved with recent placing can only sell at a loss.
Still no communication on EWT and next drill realistically is Q2 next year.

RBD could have funded their % share of Rathin, keeping the % with far less dilution that will effect the SP for the next 6 months. Also is it wise to take on a larger share without the EWT, we've seen over at ECO that initial OIP numbers are meaningless without proper testing. I really like the WN asset but I do have concerns that RBD are ramping the best case scenario and have no plan b if it isn't. I'll be happier when they actually give timelines for the next 6 months and confirm the EWT.

Some good conversation here, unlike others I have been concerned about the BOD here for a while, style over substance. I decided to sell after the volumetric RNS as I don't personally think this deal has been good for shareholders, the SP would have been over 2P now on current news and original shares in issue. I will buy back in for the EWT but I don't see it happening this year, and there is a niggle that it might not happen at all, does it really take this long ?

Strongly agree O&W, I balance my PF with solid growth stories such as Savp and Ptal where rewards are for the patient - then I have ones such as I3E where rewards short term can be high, of course with greater risk.
Off topic - it’s sad to see the demise of ECO which I know a few here did very well on, I certainly will look to be in next years drilling campaign there.

Yes, good news. The additional shares are complete so no VWAP, let’s see how that effects today’s SP. No additional supplement document for a while so it’s hard for new investors to see the end result of what this deal produces. Certainly with Niger it’s going to be a very busy 2020 for the company.

Nice late buy.

Fair enough, i suppose an ii can sell at the ask, although I would expect to see more AT trades if that was the case.

I use ADVFN for live prices, LSE data has always been bog roll, even worse now they updated the site. End of day prices are often wrong and alerts for RNSs.
I’m surprised a new entrant hasn’t emerged for bulletin boards, iii unusable now after being the best for a number of years, ADVFN is a cesspit for the deranged and LSE isn’t exactly best in class.

Has picked up at least 300k this morning, if they continue we should bounce soon, as an optimist I’m saying this afternoon.

I’ve bought this morning at 34p, easy to buy, I did some dummy buys earlier and got quoted straight away. If your going to be a L2 expert at least give a true picture. I’m guessing we will see a delayed sell of 500k or more. If LO wanted fully out I think they could be gone by now, I suppose PIs getting in for the drill will wait a week or so or wait for the SP to breakout.

Sometime next week for full completion, when the $74m lands, which coincides with the end of the VWAP games we will really start to see it move.
I believe it was Agdem who thinks there may be some additional positives in the supplement document.
And let’s not forget that as soon as this is finalised there will be news on Niger drilling/ farm out, possibly this month also.
We are now at the business end of this journey. GLA.

Hi BWM,
How many do you think LO have left? Of course there are always other sells, but it looks like they have shifted at least 400k today. It has to be near surely?

I’ve bought more, this drill has minimal risk and there’s an obvious synergy with Tain partners now - leading to hopefully unitisation talks and a % carry of the planned development. Liberator will be firmed up as a confirmed commercial play. The only risk will be senior funding but that can is kicked down to next year.

Look at the time stamps on the 5m trades, all delayed. And earlier the real bid/ask was far narrower.