Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I noticed 500,000 bid at .107 and thought I posted here. Didn’t have subject line filled out so never took. Now looked at my acct and saw 400,000 plus volume and .12 bid. Came back here to see my post never went thru. But, interesting turn of events.
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WW, seems we might be only posters buying. Apparently, no one sees a big buyer stepping in and accumulating before they pull the trigger. This seems to b3 doing exactly what I thought so I’m sticking to my story. Time will tell.
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Longknife, buying opp indeed. I got two stink bids filled. Watch the spread between bid and ask. If there was a seller that wanted out badly, he would be moving offer down. Think this is creating panic? Stop loss orders getting triggered? Specialist is doing wonderful job. Just wish I knew who buyer was. Shake that tree boys. Let’s get all the weak hands and traders out. No word from POQ? Maybe he knows who is buying? Fun times, as advertised.
Camelot, put a stop what? Someone accumulating? And what trouble do you see by someone getting a large share of us leading to a buyout. The more cheap shares they get down here the higher they can bid later, if need be, and still own us for the price they want. The tactic they are using won’t work for long. Well, unless enough fools keep falling for it. But, eventually the cow goes dry and they move up to another level and continue lulling us to sleep until abrupt, violent takedowns and recoveries occur again. I will continue to put stink bids in to try and steal some panic shares. Everyone seems to think we will be just dead money for awhile. What better time to play this game. I’d also be interested to know who will be involved in any placement, if there is one. The accumulators should expose themselves there for a big chunk of cheap stock. While some think we are headed into boring times, I disagree. The daily trading should be interesting to watch as this plays out over next 2-3 months. As to 7 share trade, last bit of someone’s position getting dumped after rest was taken out? Meaningless in my mind. Volume is the key. Volume before price appreciation.
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After looking at folgf a minute ago I thought there would be multiple posts of hand wringing and gnashing of teeth. More cheap stock for Inpex or whomever is our buyer, other than what dropped in my acct. I’m betting big that there is, in fact, a buyer that is looking to get a foothold down here before making his move months down the line. Goal is to triple my position down here with the buyer, as things have de-risked a bit. Good luck to all the faithful long term holders.
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LK, someone wanted a big chunk. I remember reading about a hedge fund trader that would have a specialist work an order within a specific price range for months. So if something looks stuck or held down there’s a good chance someone really is holding down, to accumulate a big order. Once you realize that by selling a few hundred thousand could net you a couple million at your price it makes sense. Perfect time too, with day traders thinking this would double off good news. Specialist knocks it down, day traders sell, people on fence not only don’t buy, but ones on fence about selling throw in the towel and sell. Then add in stock loss orders and you got yourself a nice chunk at a cheap, de-risked price. The article also said the last 5-10% of the order would be a sweep of the street, so when he says I filled your order at an average of .13 and look at it now, trading at .16, the specialist looks like a genius. Nope, this is all playing out perfect. Definitely a good time to add. Of course, I’ve been in since the Bruner days, but have never been more excited. The Bruner curse is finally disappearing. And, with a number of averaging down buys and a sell here and there on pops I am in the green, so that helps buoy my spirits. Patience, our time is coming.
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RR1, my guess is big accumulation going on. As I’ve mentioned before the way to get stock is taking it down not up. I just noticed volume on folgf went over 1,000,000 today. While wondering who sold and why is legitimate question, I’m more interested in who took it in and how much more he wants. Another guess is that before we see a buyout we will see a nice period of volume which will be the tip-off. If your a big major going to buy out falcon at a buck, wouldn’t it be prudent to get as much down here as possible? It would give you a leg up should some other suitor come along. That same scenario happened with a gold stock I own. They had a good position in another mine but eventually got outbid by Chinese company. Bottom line, they made some nice money on the position they had in the mine. I have every confidence we will be higher a month from now with someone out there starting to get a foothold on the company. It should become apparent in how much it takes to move us versus now. Fun times ahead.
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While I agree that amount was not huge it’s the timing that makes me think there is something interesting behind it. Why put in an order to sell without a limit price? It looks to me like they wanted to slam it down. Why? If you want to sell a chunk and get a decent price you let it work all day or longer. Did he put in market order by mistake? Hard to imagine on order this size. With a minute to go? He need money that bad? Did he get news of another turd well just before close? Doubtful. I’m leaning towards the opposite. He’s a big buyer and wants people to have long weekend to conjure up all kind of bad thoughts. As any trader knows the best way to get size is take stock down, not up. As stock goes up, sell orders get pulled. Take it down and panic sets in from fence sitters and newbies. Stock made a run with some nice volume days. I’m guessing buyer said let’s hit bids, get stop loss orders triggered and cause panic. We will see on Tuesday if there are some big orders filling down low. If the well was another turd the companies would need to inform us and that last minute sell would trigger an investigation into inside info trading. If we see no PR I will be buying for an easy trade on Tuesday. I’ve been in this since before the Hungary debacle so I realize the Bruner curse has been devastating, but have just enough optimism left to look at Occam’s Razor and think it’s more likely we have a whale involved buying. Merry Christmas all.
Fleur's, kinda agree there is a game afoot. The curse of Bruner could be at the root, but I look at how Sheffield and Origin underhandedly went behind our backs. IMO, BS is intentionally tanking these stocks and will have friends loading up. You couldn't come up with these results unless you tried. Look at what the big banks did a couple weeks ago to Bitcoin. SEC sues Coinbase, etc. then two weeks later the big banks pile in and it's back to new short term highs. Always look at the money. BS knew these results and has been making deals in spite of them. My guess is these results are a false flag and will be vastly different in 30 days because of some "miraculous" fix on their part. I've been in this cursed turd for 15+ years. I will add to lower my price. I don't trust BS nor POQ, but there is gas there and it means to much money to walk away from beetleloo. GLA.
Poods, I agree, rubbish. I just listened to an interview with Porter Stansbury about LNG and the company EQT. The future is gas replacing coal. Beetleloo has it and will export it to India, China, Japan, etc. The green weenies can get in the way but won't stop anything. While this may stunt the pop in the price in the short run, continued good results will get us to the goal line eventually. As this has been a long, painful trip and I haven't had any faith in POQ, I do have confidence in Sheffield to get things done. Oil and gas is the easiest and best investment for the future. If the numbnuts want everything electric, so be it. But, anyone with a pulse knows it won't be generated by wind and sun. So will the greens keep allowing coal? Nope. They will have to go gas and LNG. We are in the right spot at the right time.
I think the point is just continue drilling and forget the government bs. Americans getting sick of Biden's drivel are just ignoring him. Laws about abortion, guns and masks have basically overridden what the left is trying to force Americans to do. The extremist libs have gone too far and people are sick of the ridiculous policies coming out of the White House. Time for Australians to do the same. Just ignore the stupidity. Beetleloo is too important to their future to leave it in the hands of some dimwits that believe cow farts and burning oil is a weather problem. Thousands of scientists have come out and explained we have no control over the weather. Tilt of axis, which has moved almost 1 degree, along with solar flares and other sun related activity is what controls it. It was, and continues to be a boondoggle to redistribute money from the poor to the rich. If the ocean was going to really rise would Obama really buy property on the ocean in three separate locations? They tried this ploy with arctic freeze in the 70's but it didn't stick because of oil embargo and inflation. So they resurrected it when they thought enough stupid people would bite. And bite they did. Australia will be drilling oil and gas for decades and decades to come. Hard to believe this board would get so stoked on such ridiculous drivel.
Scinceday1, not sure I would waste time on someone with such a limited science background. If he believes in global warming he apparently hasn't heard that humans and fossil fuels have little to no bearing on temperatures. Sun spots, and other sun factors control it. Going back in history shows patterns of temperature variation before fossil fuel was used. A recent study of the NOIA'S weather gathering stations showed 96% of the temperature gathering tools were misplaced. Meaning they were, according to their own guidelines, to close to buildings giving off heat, on asphalt that affected temps or too close to city structure. 96% were misplaced. Seems like someone is trying to pull the rug over our eyes. Because so many scientists spoke up after Obama said the science was settled, global warming is real, that his next speech he gave us climate change. All this Arctic freeze(1970's) global warming and climate change talk is bull. Just a way to move money to their donors, family, lobbyists and themselves. So if he really believes in global warming, his IQ is probably too low to understand any of this and likely not worth arguing with.
Nice volume on the American exchange. Some good trades going thru at offer. Leads me to believe some Sheffield followers/friends/family may be accumulating. Or maybe a new brokerage took an interest. Either way, good to see as my motto is volume precedes price appreciation.
Origin, you hit it precisely, our slow footed partner was a wild card. They have been dragging their feet trying to bleed us dry and this effectively threw a wrench into their plans. We now have money to give us options and more money behind it. While I hate dilution, the fact that he has bought a bunch off the street(which helps a great deal keeping traders at bay), he also paid above market for the private stock. That is very nice and I hate to admit maybe POQ isn't the imbecile I took him for. Apparently in between rounds of golf he got a decent deal done. As soon as people started talking about a raise I knew it would be a given. But I suspected a sweetheart deal below market that would really bend us over. So kudos on getting above market and having him buy off the street first. And, while Origin can't see it, my middle finger is pointed at you, you slow moving corporate sloth. Now get to work.