Member Info for SeagullsFan

@QS.

It started at 13.6 then drifted lower. i bought at 13.05, but held off buying more at 12.37 as I thought I’d keep some dry powder in case there was a further drop below 12.

I feel we’ll get a big bounce when it comes (maybe that’s just being optimistic though lol).

My thoughts are next week sometime. Pure guess, but this is a shallow drill.

Slowly does it for me - let's get back into the 13's first and then hopefully finish the day positive. At least we're off the low levels now.

Yeah, I have no intention of selling at these prices. But it seemed strange that as prices were tanking I could get price to sell 300k but no to buy 30k.

MM games? No, impossible, what, that never happens ;)

@DBD
C'mon straggler. I can't keep waiting for ya!

@Pjonesy
It's just a bit of friendly banter. We chat offline from here too and by no means is it a competition or egging each other on. Sharing advice/tips and trying to do well for each other.
But yes, you're right, patience is much hard when you're looking at losses, and even harder to make additional buys when it's going against the market. Let's hope this bounces and we all feel a bit more comfortable.

@Noob67

Do we know if MM take large buy orders which they need to fill at lower prices or is that just urban myth?

As I said earlier, when the price was dropping, I could not buy 30k shares but I could sell 300k shares, so that doesn't seem to correspond to what one would expect. If people are selling, there should be shares to buy....

@DBD

Added 500k on ADV @ 3.1245. Up to 6.5m now.

Kept some dry power just in case HE1 does drop to about 10p buy price (hope that doesn't happen though).

No Trade

Well, your four posts on HE1 have all been de-ramping.

0/10 - must try harder.

DBD - I'll sell some others I think and get some funds spare.

If this drops below 12 I'll add, otherwise, I'll look to add to ADV.

Without wishing to get classed as a ramper, I happen to agree.

The downside is limited, but the potential upside is quite large. Of course, still risks, but even at worst case (failure at Tai-2 and delay of drilling until next year), downside maybe 7-8p?

Price does not make sense IMO (I realise that others may view things differently).

Just added 80k @ 13.05p.

Haha, nice one DBD. Something good came from that kn0b being here then

@dbd

If I can get a buy below 13 I will add some, but I'd rather it gained up to 14+ sharpish :-D

I've just tried to buy 30k shares on HL - NT.
Then tried to sell 300k shares - get a price.

Hmm, and it's dropping. Doesn't make sense does it!

@Pjonesy

The downside from here is relatively small too. If this hole fails and drilling gets suspended until nest season (worst case scenario) , then the drop could be say 7-8p???. If people are willing to sit on that paper loss for 6-9 months until the drilling starts again, then they will still hold the same number of shares.

However, the upside from here could be a SP of 40p+ (Being conservative). If they get a discovery, albeit a small one, and decide to drill another target before the ‘short rains’ in Nov and that is successful, then 40p would be history.

So, maybe a max drop from here of 6-8p or a gain of 30p+++. Doesn’t seem like a bad punt to me really - but I to tend to be an optimist haha.

Good luck the the Sky Blues BTW. Being a Seagull I know what it’s like having hard years (and we had many of those, and some really dark times too).

Yeah, I wouldn’t pay for it. Going to subscribe to SharePad and use that for prices/info going forward, but stay here for some of the boards.

The boards are OK until shares get popular, then then seem to get filled with kn0bs.

HE1 was good before - bit of friendly banter and also some very informative posts. ADV is a good board still, let’s hope it stays that way.

HE1 & ADV are my real conviction holdings - gonna make me some money haha.

@SpeculativePunt

You’re right (as in, I hold a load of these). It was concerning when the initial price dropped and I ‘lost’ several hundred thousand (but it’s only a paper loss). I believe in the project and I honestly don’t feel that HE1/DM are “pump & dump”. They want this as much (probably more) then we do.

My question would be : do you need the funds now? If not, take a step back and maybe forget about checking the price movement during the day (even better if you could just say “f**k it” and not check until mid Sep). Yeah, that ain’t gonna happen is it!
If you can afford to leave these to run for say 6-12 months, then ignore the fluctuations and look at the long-term. They WILL (again IMO) eventually get a discovery. All the daily/weekly fluctuations are purely background noise.
So, my advice (for what it’s worth) is to stop trading/panicking, and accept that shares can fluctuate - sometimes this may be because the MM’s are playing games. If you get a bad day, just think to yourself “It could be worse, SGF has lost a shed load of money today” lol.
If you do need the funds, then just wait for the bounce which will happen, and then sell some to lower your exposure, even if you take a smallish loss.
I’m sure you will have learnt from this - we all have I expect. Things are never as good as they seem, not are they as bad as they seem. A decent amount of scepticism will be your friend in investing and limit your exposure.

Jeez - and now the original one appears. WTF!

Made a reply earlier and it's not appeared - try again.

Let's hope we get some good news on the rig and at the same time, an announcement about another agreement. That would really add some momentum to the SP going into the Autumn and out of the AIM doldrums.

I need some positive news after the crap with HE1 the last few weeks (expecting that to still come good though).