Member Info for spike912

Haha ;) no doubt

Or it could become a hostile takeover then it’s a case of one entity taking a controlling share of the target's stock which is normally purchased publicly in the open market, then they will look to replace members of the board. As for normal circumstance t/o a tender offer would be submitted at normally over the current SP, and I believe it is to be over the weighted average over the 12 month period (from memory but I’m sure others will correct if I am wrong)

Plus testing. Log wire is not the same as EWT

How do you know for fact entity are buying up shares? I can’t tecall a TR1. Pleas stick to facts rather than speculation

Mister P, that’s not how I read the RNS or indeed what it says. Can you point me in the direction where it states that please?

I honestly don’t think that will be RNSd imo they would be better to wait until drilling complete then mention any potential oil shows within that RNS. That’s certainly what I’ve seem on many oil companies. You don’t tend to get many RNS with just an oil show as it’s so inconclusive to any further shows/results/tests and can be seen as poor information

Hopefully a bounce coming which will bode well for tomorrow

Big bench we won’t gwt stable rates until October imo as we are not due to even finish the drill (let alone test) until 17th September so another 3 weeks. AIM is a fickle place for waiting on news

Oil3playfor we need to hold in the 9s

Keith you could also say why would another when potentially one already walked away? What would stop another major therefore looking at it as if “one couldn’t make it work so could we?” I would also Imagine the deal would be a lot worse. These companies talk, somdomt hold your breath at an instant replacement

Tdante, same here and apologies if my reply came accross blunt, wasn’t intended. These boards often tend to lack balanced views and some don’t see that ramps or de ramps without any basis often harm a share rather than help it. Let’s see what comes by 2nd September:)

Bradis I agree. There is no strength here and we haven’t held either of the points we needed to. I think 0.60 would be the bottom, but fundamentally nothing has highest changed to give such a rise into over 1p in my view to add serious value, just potential has increased. PI see a drop and sell, then others see the SP fall, and others sell and it becomes a spiraling drop. Imo this has a long way to go and with no sign of any bounce of any marker it’s worrying

Can we change the subject now lol we know ironic has his shares at 9.5p. 1 bag, 10 bag, 100 bag. No one knows. Just wait and see. Over and out ;)

Tdante777 you do make me laugh....and all other posts here really are based on FACTS right? Do me a favour. Also, please learn to read my posts which clearly states “my OPINION” not facts. If people want to keep rose tinted glasses on them fine but I have my £20k here with eyes wide open, as if you don’t it’s the easiest way to lose it all. You state lawyers signing off the agreement....is that the same “facts” you’ve just criticized me for? End of the day we are all here for the same reasons, and my view is a balanced view that the longer this drags the higher risk for larger holders, (and alma smaller) so people will sell and de risk with some profit bearing in mind we have had a good 100% rise recently which most people (including myself) would have made some good returns on. This is the market on AIM

Into the 0.80s, worrying here now as to where this will stop. If this does finish in the 0.80s we are bound for 0.70s by Thursday/Friday imo, and volume will also dry up as people cut losses and move on

Come on peeps, we know it’s illegal on a LSE BB to have a negative post or opinion. Slap slap slap lol ;)

And they wouldn’t just “walk” they have spent $250k a month so they will go through every detail (even its its 85% not working) to ensure everything is checked. Not walking does not always mean it’s positive. I’ve been involved in many deals and months before officially pulling the plug we knew it wasn’t happening but as you’ve speculated cash you try and “find a way” so when you do walk you know you left no stone unturned. Not saying that’s the case here, but we can’t say “they would have walked if not” as it’s simply not how big deals work

Lynthip you can look at it in 100 and 1 ways. Yes your right, but it could also be they can’t agree a deal, more is being done on the data as that’s not what they expected (they wouldn’t rush anything), it could be simply anything, but many on here just seem to think it’s 1000% positive and done deal when there are, in reality, many scenarios here and none of us know. I do feel the longer this drags the less likely of a deal but that’s just my own thoughts

Around 17th September we will find out once SL drilled. Can see a further 30 day EWT after that so can’t see full results until maybe mid/end October with stable flow rates. Hopefully will rise into that rather than impatience and rainbow chasing elsewhere

Longer the negotiations go on my fear is the market and PI will become more nervous that things maybe aren’t going as well as we are led to believe and will Slowly begin to sell taking some well earned profit