Member Info for ShotgunMike

LSE RNS news seems down, great RNS out here today!

https://www.investegate.co.uk/announcement/rns/eco-atlantic-oil-gas-npv-di---eco/exploration-right-75-interest-in-block-1/8911085

That volume is creeping up now too. More trades each day since the RNS. Not a huge shift in the SP yet but I'm sure it'll come. They must be keen to ward of traders with the spread but keeping the price pretty stable right now must mean they want investors? Is there overhang here?

Not wanting to put a debbie downer on it, I do think that the potential to re-rate is huge here, from the RNS it looks very close and another RNS with actual figures could drop any time between now and the end of the month or early July. I think 2-3 bags is conservative on a decent RNS, and this could reach 0.45p on very good news in fairly short order. I just hope they're able to keep the news flowing!

True, but there were 3.57b shares in March 2022 and 13.74bn shares now! They're not going to immediately head towards 1p again just because they start creating revenue, the dilution here was huge! I do think this has great potential still, so I'm bullish and holding my position here, I think 2-3 bag in the near term.

I can't find any newer information beyond the RNS on the 22nd, anyone got any extra insight from anywhere else? Just sitting on my hands at the moment waiting for the next explosive RNS. I think once they share the specifics of the the incoming revenue, this could really take off. Sad to see if slipping down, but it doesn't seem like it would take much to shoot back up again, at this sp!

Consolidating at the 21/22p mark, looks primed to move up soon imo!

I sincerely hope you're right Tiger, then my buy in on Thursday at 14.7p won't look quite so silly anymore, I dove in despite my better judgement and did it anyway. Here's to tomorrow and seeing where this ends up on the bell. It'll be an interesting one, far more interesting than POLX was today 🥱

Obviously as an investor, who has seen my investment and the share price move sideways for years on end, I would love for this to explode! So I'm obviously quite positive about the future prospects here. It does strike me as an open goal here though, as you've said £100m is a drop in the ocean to fully fund a critical commodity wind up to production. I can't see how any even vaguely competent government could ignore this opportunity to lock in a huge supply of Tungsten!?! Clearly, that might not be the case and they're happy to see this fail through sheer incompetence, but I guess I have a little faith.

Hopefully some mention of critical mineral acquisition, but we'll see.

A lot more volume thank usual on Friday and hopefully more pressure building this week. The ask is strange though, fluctuating between 4.5p and 5p for seemingly no reason, I assume because some brokers are better than others? Nearly all buys atm and not a lot of sells but no sp movement, what are the thoughts, are there just shares going spare here atm?

I don't have access to the L2 book, but they need to close this spread, the tight gits!

Ah ok, I looked back at the monthly chart and see now that it took a dip early May, before rallying later in the month. Should continue to move up now.

Watching the chart this morning, genuinely I find some investors/traders baffling, who on earth is selling this stock on the news they released today?!? It blows my mind.

I mean institutional money will come on board, but that's likely going to be through a placing, which tbh everyone investing here should absolutely expect to happen, it's pretty standard for early stage mining companies looking to move to production. I'm not concerned though and seeing serious money come on board will be a positive sign. This feels like a when rather than an if now, like you say, this commodity is strategically important, it gets done one way or another.

I'm in agreement, but I'd be surprised if institutions would buy into an AIM listed venture like this. I am bullish on the stock and had a very strong feeling that we'd be seeing the RNS they just released. This is close, I have no doubt they raise finances to fund them to production. I also think that there might be a placement, but for me, this is money well invested. It's just a matter of time before this re-rates.

Agreed, the spread is huge here. I guess they're trying to stop the traders piling in as with so many other shares on AIM. It's quite a small pool of shares currently so that's probably contributing to it. Should see the SP reflect that as people get wind of this though, hopefully it moves Northwards!

You'd think, this is within touching distance now. Once fully financed it should move quickly. NPV at current share numbers is 37p a share. There's still risk here, but that RNS has reduced the risk dial a bit further. 11p a share wouldn't be unreasonable at this stage of development, given the potential here. GLA.

Yup, had a feeling it was coming. Looks like this is happening! Gov can't afford to let this fail.

I'm hoping for another bull run, I bought in at 14.78p 🤣😭

Incredible volume here given historically it's been so much lower day to day, before they dropped the RNS. Smart money is topping up here imho.

Just looking at the charts, it looks like the next run is starting now. Bought in quite late today cos I'm one of those FOMO idiots. Come on BLU, baby needs new shoes!!!