Member Info for Sir_Hector

Very much enjoying this tick up to my breakeven point. A way to go yet still but all that topping up on the drop has paid dividends and my portfolio will be looking much healthier soon (I hope)!

Did you have the decimal point in the right place there?

Whatever way you look at it the free float is being hoovered up this morning. There will be a good number of traders in there and they’ll be in and out for their 20% or so, but ultimately demand is going to drive this up shortly. I’m slightly envious of those who waited for the 3p SP and filled their boots after the placing. My holding has been accumulated over many months and it’s been a little dismaying to see the price dwindle despite the major milestones that have been achieved along the way. Anyway, I can’t complain because I’m in for the ride now!

Oak securities had the risked value potential very conservatively at $142m which suggests an SP of 72p on successful spud. However, the market situation has changed considerably within the last 12 months and that is based on a fully risked evaluation.

Welcome back Miker!

Welcome back Miker!

That data is woefully out of date.

They should be all done shortly you’d hope given the volumes we’ve seen last week. Perhaps by Friday we’ll be back to NTs only to buy and primed to go on any positive news. Really hoping there is no annual return banana skin this year!

Poised for a big up-date this week. It’s a month since the last news and you’d like to think significant progress has been made. Since this stock was suspended last year at 8p or thereabouts, there has only been positive progress reported yet, confidence has waned and the SP has been driven down to a crazy low. Given the ownership of exploration rights, specialist survey analysis suggesting huge potential resources, a licence to proceed granted by the authorities and a funding agreement that balances up-front capital with well head sales. All of which amount to a significant asset far greater than the current Markert Capitalisation. This share should currently be at least 12p and considerably more if a progress up-date reveals works are on track. A major re-rate is just around the corner!

Sorry it’s on the Re-on the up thread

See ifiknew’s post below for link to Harlequin. Check out the contact page

Who’s the r3tard? Harlequin are registered in the Caymen Isles!

Well I hope you’re right! I’ve been in for a while and have been topping up with any spare cash in the dips. Unfortunately my portfolio is seriously GEX heavy as a consequence and I’m a little nervous I’ve overplayed my hand! I’m not expecting anything like the numbers you’re suggesting but I believe a 100 bag from my average is possible if Hussar comes good. That would certainly do me.

Dirty tricks to trigger stop losses? Not mine anyway, I don’t have any on GEX!😊

My average is just over 6p so I’m happy to hoover up as much as I can to bring it down. And I certainly won’t be selling at 8p!

My 50k order has just been filled at 3.89p!

It’s inching up because the price is attractive but there’s no stock to buy. MMs drip feeding because they are having to pay a premium to get any stock and there is a significant demand. This will immediately re-rate on any good news!

Just looking at the screen of blue trades, some of which have to be sales given the lack of free float and the volumes being traded. MMs must be buying at a premium themselves!

Have just tried again, the most I can get is 1,000 at 3.4p

The recent dilution has bought more players to the market. Previously around 80m of the share issue could be accounted for as being with LTHs. Dilution led to a new phase of trading but yes, it does seem that the free float has shrunk again. I tried to buy 50k the other day and had no success via HL but they aren’t the slickest trading platform. I can’t see the price staying suppressed for much longer as demand is clearly greater than available supply. That will be self limiting of course as the price inches up. But, with news this could gain momentum very rapidly and require a major re-rate.