Member Info for SEA7

they comply with AIM rule 26 and that is all they are required to do.

secondary market trading is not the primary focus of the company - they will update the website upon receipt of a tr1 from a holder - there is no obligation to spend precious time monitoring who holds the shares.

the company will only know if a large holder sells, when the large holder informs the company - they are not obliged to call up shareholders every time a large trade goes through.

https://s25.q4cdn.com/270220413/files/doc_downloads/fleet_status_report/2021/05.04.21_FSR-vF.pdf

nobles fleet status report indicates expected completion for noble tom prosser as jan 2022

someone is definitely up to something and wants that price lower.

in the one2one interview, Leslie mentions that the rig they have identified is in the area already and has four drills to do -buffalo would be drill number 5, before the rig goes back to base, as cyclone season arrives. He indicated that there was discussion over slots .

Jack up rig, noble tom prosser is rented to santos for drilling in that area - i think someone mentioned this on here earlier - possibly that rig?

we should know soon.

thanks SI

just watched that one and onto the other one2one interview that is on you tube.

i have added again this morning another 100k shares.

Give it time lowboy - they will be here soon enough, when the price has risen, proclaiming tales of doom, just as an attempt at getting in cheaper.

thanks V111JAS - your posts are always worth reading also!

yes ...see what tomorrow brings!

as for NT - Depends on the lot size. NMS is 75k shares for block, so the MM are only obliged to offer quotes up to that size, so beyond that they do not have to and probably why they go NT - although depends on your broker, what service you get, how they route your order, what access they have etc etc.

anyhow, the RSI at 14 shows around 45 and at 10 it shows at 55 - this clearly indicates a fair balance of buy/sell, however, the RSI is moving up, but the share price isn't - that indicates underlying buying pressure beginning to win out over the sellers.

news is due soon and this treading water ought to end for the better.

the market makers do not care about excess shares - they only care about the "sweet spot" - which is the price where the maximum volume of two way trading takes place - that is where they make the most money on the spread.

Bobby

a lot of the placees are bucket shops that do this for a living.

take part in placing - get a fee for taking them, which offsets potential losses if the stock trades below the placing price, take out a hedge, such as a small undisclosable short, to capture the downside that they sell into.

blocks share price did not break below 3p and stay there until march - nearly three months after the placing.

this sort of thing is their bread and butter - they need to clear the holding and have the cash returned, ready to take part in the next one

well bobby, whilst there isn't a great deal of science behind this, but 176m shares were added on the 30th December and the average daily volume for block is about 1.5m shares a day. So you could argue that since the start of the year, there has been about 100 trading days, meaning at best 150m shares traded over the period.

chances are, we are still working through some of the placing shares that are being fed into the market - albeit below the placing price - this is why the fees are so high for these placings - covers off on potential losses for the placees.

pmmbns1

it is an extremely thin market - small trades create large changes in the share price immediately. I would think that selling has been a result of the expected impact of 30m shares due next week, as well as the backdrop of the fear being generated by the media over the indian variant of covid.

unless you really need the cash, it is a decent hold at these levels and a consideration to add further after the fund raise shares arrive.

your trade has shown up after hours SI

Nice buy there SI

vox markets