Member Info for Skippysb01

There will be news. I for one didn't think there would be news today but over the coming weeks I expect there will be news.

The right rig is also a big rig. I wouldn't worry too much about the rig arriving.

Thanks Troajan

Flow test early to mid December. Could be a step change in production.

Legalwolf

RNS 12th July 2021 - Helium Gas Show Confirmed and Delay to Tai-1

ITV. Well you are kinda right about me today and kinda wrong/ It's all good. I'm in a strong position as I bought in at 6p so I could as Wyndrum suggests sell these ahead of the presentation on Friday and then come in after and yup I could win or lose from that but ultimately I could have 30% or more profit this week and that's a good thing.

I do agree :) SP is going to be a lot above current level when we get to spud. The only thing I would add about this share is that I was in at spud last time and failed to sell some profit and lost 50% when they announced the duster. Once bitten and all that.

Absolutely want to be in for the drill results. But not more than I can afford to lose.

Share Price factors right now:
Positives - More or less certain we drill Q1 23 - Investor presentation on Friday
Negatives - still at least 2 months to spud? Plenty of time for trading and volatility - fundraise possible? If they do it I would think it's on the back of the investor presentation.

On that basis I see rise into close tomorrow then settle and probably traded down for prophet into December and up again in January.

I'm a dreamer - everything I just wrote probably won't happen.

I guess we have a lot more certainty now that a drill will happen. Previously the SP had settled around 10-12p range on the assumption a drill was coming in 2022. So will we get the same on the assumption and increased certainty of a drill coming it Q1 23?

Seems to be in a sweet spot between the news and then we have comms coming on Friday. I do wonder how much of this rise is to do with the presentation on Friday and whether that will add more value?

Regardless of what fair value might look like for BOIL for now the SP is impacted by the placing at .012p.

I know some have posted about forward selling but fact remains that a lot of shares are available to sell at the placing price in or around the 29th November. This does impact the current trading range and it always does.

After the 29th we will see what the market really thinks. Don't forget that a lot of the buying over the last week or so is just because of the bargain price. We can thanks the placing for that and I do think the current price is probably somewhat below fair value considering the recent resource updates.

If this can break the orbit of the placing price now then it certainly has huge potential going into year end.

I think it does create a trading cycle for now. If you can sell at 14 it seems to me there is a very good chance you will be able to get them again at 12 over the next few weeks.

Of course the other thing to consider is that if you bought some at 14 you may well have a lot of potential to profit on that. I just don't see the SP getting too far away from 12 until after 29th November. Mu view is this is fantastic buying price for BOIL.

Just my view. DYOR and good luck.

Fish123. Well put it this way. I will get some shares through the placing that cost me ...12 on 29th November or thereabouts. If the SP is significantly above that I can sell them at a profit.

No different I guess to any other situation where you bought shares at x value and can sell them at x +%. But the market knows it and ultimately a lot of people go into placements and sell the shares quick if there is a profit to be had.

Neither of these TR1's indicate anyone having anywhere near enough % shares in BOIL to suggest a takeover.

They do show that institutions are buying the shares and that is extremely positive. They believe in the potential and they have far stricter risk management than us private investors do. It's a very important sign. I can't talk to the respective qualities of the institutions themselves.

In my view the SP is bursting to get out but cannot do so because we are mid way through a placing at ...12. This is acting like an anchor on the SP and will do so until the placing is settled on 29th November.

It's not necessarily the case that the SP can't move up but it is what usually happens, especially considering the placing adds a substantive number of shares to the current base. Imagine if the SP went up a lot before 29th November - a lot of investors would sell them as soon as they could to get an immediate profit. Effectively the shares are worth ...12 ish until the placing is done.

Only a few weeks delay to hearing bout flow rates. No big deal.At least they have told us rather than waiting out the rest of November first.

It's not about buys v sells. There isn't a free market in these shares right now. Why would anyone want to buy shares at much above the ...12 placing price until the placing has settled? MM's won't get any takers. It's actually quite impressive its got to ..13.

I really do think the volume is very encouraging right now but I don't expect the SP to go anywhere until after 29th November when the placing completes.

It's a great time to accumulate at this price if you can.

I'm sure that now I have written this the SP will now rocket.

There was a lot of buying yesterday. The MM's cannot raise the SP when there is an active placing taking place at ...12p.

Where we have a placing in progress it acts like a brake on the SP. Nobody wants to buy at a higher price but the attraction of buying in at that price is very very attractive. The SP didnt fall because of normal market forces.

The placement shares do not become active until 29th November so we can expect the SP to stay in this trading range until at least then. Obviously from 29th November any increase in the SP runs the risk of being sold down if there are quick profits being made from the placing shares. After that then - well the volume currently suggests to me we will quickly go back to ..15 to.. 20. There is real demand and willingness to accumulate at this price ahead of news.

Just my view. DTOR and good luck.

Malcolm J. I agree with you. The cash is there to take actions that have the potential to increase market cap. The offer price and the SP today are exceptional value considering the additional resources recently announced.

share offer at ...12
So until that's all done the SP is pinned to that. Certainly a SP is usually pinned to a placing price until the placing is done in my experience.

I think some of you missed the point of what I wrote. I was suggesting that news is not late because it is still November..... maybe it's me.

Shouston was right. It's also the one thing you can be sure of with AIM - there will be a placing. The recent news on potential assets begs for further investment. I'm more than comfortable with it because without it there will be no realisation of the potential.