Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
4p paid....
Flatlined for a while now... Will todays news give it a boost...?
P/E ration of less than 12... Only one way this is going... when on the other hand is anyones guess. This has to be one of the least followed stocks I have come across with such good operations!
suspended...
Another walk up from the MM's on small buys
RNS quote "3Legs shares currently trade at a discount to the value of the Company's cash reserves (£45M). The Board believes this significantly undervalues the Company and accordingly will seek authority from shareholders to enable the repurchase of its shares."
Completely missed the RNS issued earlier! Hence the buys and subsequent rise. Nice 6 months ahead...
Up Again... I've never seen MM's walk a share price up so easiliy as I have with this share... Unfortunately it happens on the way down too though!! lol
Nice little tick up after a few buys...
Anyone received correspondence regarding the EGM? Even without this the next few months will be an exciting one for this company... Can't go far wrong with £40M in the bank.
Very interesting read for you guys on SAC: http://nextoilrush.com/index.php/dealing-with-internet-stock-chat-rooms/
As I said... if you don't knwo what you're looking at your probably in the wrong game...
LOL!! I think your in the worng game!
Unlucky to all those sucked in by the 20p crew... Once EER sort their own funding out (if they do...) things will be alot clearer here... All is not lost but many hurdles to overcome here regarding funding of their optimistic drilling timelines b4 these increase their market cap. GLA
LOL is that a no then!! I would look into it if I were you... Dilution via their drawdown facility will come should EER not raise their own funds... DO you even know who EER are???
If you know please tell...? I know exactly the plan for all 3 of their licenses.... but fear that they do not have a plan for 233 which is supposedly their first drill/appraisal... I also note that 233 is only targeting 19 million barrels too so nothing major till total start drilling in 2014...
I see nobody has answered my question of funding yet!?!?? Shows that very few if anybody here really knows the plans of the company over the coming months...
My point was that no-one knows!! It looks to me that EER will not meet their payback responsibility on the performance bond leaving SAC their % in the licence... SAC will then have to use tehir draw down facility if they wish to drill... In which case I will keep a close watch here and maybe buy on funding/dilution.
The compnay timeline shows they intend to drill license 233 in the next 6 months... Can anyone tell me how they intend to fund this drill with no money in the bank??? I know Total are carrying them on the DRC license and I know they have a finance facility on the 281 license but these are a long way off drilling. I asked this a few times yesterday and people just kept talking about the other 2 licences which they have no intention to drill until 2014.... ????? Can anybody tell me!?! Or more to the point... does anyone know?? including the board!!?
If they do have a draw down facility why would you buy in now knowing that they will be drawing down to fund the drilling next year...? Plenty of potential I agree but its not going to triple in the coming months... and 20p is ridiculous!