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Actually this makes for interesting reading, on why a share price won't always move in-line with good news:

https://www.investorschronicle.co.uk/shares/2018/11/09/the-truth-about-market-makers/

Seems to be a lot of delayed publishing of big money purchases over the last few days. Maybe people in the know taking positions before the official news is announced, or maybe just AIM being AIM. But most previous positive RNS's ORCA has had, send the price up, so it does seem strange nothing happened on the 25th. Even analysts and people with common sense would expect a price increase on that news. Plus ORCA was up 80% over one day, on 'no news' at the start of the month.

This one is a no-brainer, hold and add where you can.

Bad news travels fast. Good news takes the scenic route.

Research tree

whireland has today published a new research note on orca.

https://*********************/companies/uk/energy/orcadian-energy-plc/orca/lon#tab-research

analyst's final remarks - "we expect a significant and positive market reaction to today’s news. "

£11k buy in the afternoon, maybe something brewing for next week. Fingers crossed.

Andoman may be right, ITH directors all topped up their shares on the 10/10/23.

Thanks, helpful POV...I guess, we'll just need to wait and see if the market appreciates ORCA for what it should be worth. If it's not a flat week ahead, I'd say it's getting noticed more and positive for 'signing day' and beyond.

I'm keen to know what people think this is worth. WH Ireland Limited have specifically said within their 'CORPORATE SPONSORED MARKETING COMMUNICATION' on 18/09/23, that;

"Indicative valuation: We are withdrawing our fair value estimate for Orcadian due to

the conditional nature of the HOA; however, based on our modelling we estimate that

the value of Orcadian Energy’s 18.75% interest carried until first oil, amounts to an

unrisked-success case NPV10 value of $129M ($8.72/b) – assuming a long term oil

price of $85/b, inflated at 1% p.a and assuming the Energy Profits Levy remains in

place after 2028. Of course, that is a conceptual valuation assuming the field is entirely

derisked inclusive of funding risk, which is not the case."

So potentially £1.33 a share if = (Current share price is 26p being about 20mil MCap, times 5.1 to get to the quoted £105 mil MCap ($129 mil) = £1.33 a share.

However, on 19/01/23 they said;

"We leave our fair value estimate unchanged at 260p, which is premised on a

$100/b long-term oil price and includes 20% of the success case value of the Pilot

field."

So am I assuming this could currently be worth 18.75% of £2.60, so only 0.4875p a share with the signed contracts?

I know there's more in the pipeline for Orcadian, and the 19/01 release didn't include the additional oil/gas of spring 2023 but 'Pilot' signed contract alone is the price I'm interested in. My Maths isn't great, so don't take the working-out as perfect.

Thoughts?

Fantastic News!

First post, after seeing some negativity...let's keep it professional.

Consider - Many companies have seen its share price sky rocket on favour/hype alone, and SYME is indisputably seeing a lot of hype/trades. But also,...

...Fact - SYME is a progressive and growing company, 2023 has shown this.

Today - Lots of positive trading signals.

Long term holders - Yeah, I think you might have something here.

Day Traders - Have fun this week!