Member Info for Urraca

We're not plunging today, so hopefully the bottom was hit yesterday, and we're in price discovery mode. Still healthy buying so I don't think we're going to settle here. Need to break through the 20p barrier.

Exceptional news, and earlier than we were expecting. Makes the big selling this week even more puzzling, but hey ho.

MisterPositive. I asked JH where he thought the bottom was. I did this because he'd been forecasting further falls, and I was interested in knowing where he thought it might go. Despite what he said, I have bought in heavily today. If this does go down further, I'll probably buy more, because I think it's way oversold. But I don't think it will, although that's just my opinion. For balance, where do you think the top will be, when we rebound? And btw, this is a public bb, and I can ask any participant anything I want. Nothing wrong with seeking info, and I never short, so I'm not deramping.

I'm not a chartist by any means, although I enjoy mucking about with them sometimes. I'm with Westie on this one. We might hit a new low for the year tomorrow, but maybe not. We've had three days of falls. It depends far more, imo, on whether an institution is offloading a big holding, and if they're done yet. The market always overshoots, up and down, and I think this sell-off has overshot on the downside. And I put my money where my mouth is by buying a lot of PANR today, in three tranches.

Ta JH. Be interesting to see what happens tomorrow.

John Henry. Where do you think the bottom might be?

I'll freely admit I have absolutely no idea what's going on with this share, but it does seem very peculiar. So, I'll blame it on the Russians. Putin's a devious sod.

Dipped a toe in. Feels oversold to me.

Shakey "I'm not going anywhere." Just like the share price. Lol. Sorry, couldn't resist.

I don't think bitcoin mining is economically viable in the UK at the moment. Cost you more to generate a coin than its worth. Maybe it depends on what coins you're going for though. What's the value of a PlusOne coin again? I did get an e-mail from Clem over the weekend, offering to teach me how to trade cryptos. He wanted me to pay for it of course. With deep regret I declined the offer. It wasn't clear whether revenues would go to OBC, or just to Clem.

The selling never really stopped. Just the volume of selling dropped. I was quite surprised that the price rose against that backdrop last week. Certainly not enough volume to suggest a leak about the Lalla drill, or the Ibn Yunis one.

$12.7 per mcf for 10 years. Just need the daily or weekly volume to calculate the evenue. If a contract is signed, it will be up to SDX to supply, where ever they have to get it from. But PW has already warmed us up for more drilling there later this year. It would make sense to sign ip the most lucrative contracts first. And PW suggested in one interview that the greater the volume required, the lower the price paid would be. So given the reserves upgrade, hopefully the first contracts must be coming close to signing. Especially as the infrastructure is already in place to simply hook some of them straight up.

It would be truely fantastic news to get an RNS announcing that Peugot have signed a contract with SDX for the supply of gas, setting out volumes, price and duration. Monetisation of the Morocco drilling campaign is so close I can almost smell it. That's the sort of concrete news that would get the market's attention.

I'm not sure how many layers they're targeting in Lalla land, but hopefully they can use the directional drilling to hit multiple crests, rather than just going straight down, to get better flow rates than Circle did.

It was hovering around 15p before it changed its name to join the blockchain bandwagon. I guess that's probably the floor.

There's been a discussion on this over on the Sound bb. With thanks to Ducati, here's some more: 'When I found this article yesterday regarding SDX interview and the Morocco new gas law under discussion and how SDX viewed this as a negative impact on their investment levels. I asked JP what his thoughts are on this and his reply is below the original artical. "Paul Welch:Morocco has world class tax conditions for domestic producers and we are happy to participate in the Moroccan gas industry. The host government and Onhym have been very supportive of our efforts to date, and we consider them invaluable partners in our future ambitions. However, there is a new gas law under discussion that would have a negative impact on our investment levels if it were to be adopted as proposed. We are therefore working with Onhym and the Ministry of Energy to suggest changes to the law so that it preserves the attractiveness of Morocco from a financial and operational point of view." We are well aware of the change and have been helping craft the law for a year now. It is very much designed in our view to help explorers at early stage development which suits us in Tendrara (eg the state eventually will own the infrastructure saving us the need to fund and operate it).' It would be good to get some more info on this from PW. I'll try and contact Mark Anselme, but v. Buzy at the mo.

To be fair, Dan first plugged Online plc, as it was, on 27 Octber last year. Closing price that day, 46.5p. Presumably he had been building a stake, and getting the inside skinny from Clem, beforehand. After all, the closing price on 26 October was 17p and it had been lower earlier that week. If he got out at the top, he would have oretty much ten bagged in a few mnths. And the crazy spike up in Bitcoin undoubtedly helped. I doubt he sold out completely, but he must be on a free carry. It was a very good tip if you got in rght at the start and rode the rollercoaster up. Even if the placing was the signal to exit, there was great money to be made. But that was then.

I wonder who took them? And how quickly they managed to flip them? They can only have made a decent profit if they forward sold them before 17 Jan, as the price that day was below the placing price, and its barely been above it since. Hope Dan didn't end up with a load.

Bitcoin and other cryptos tanking hard.

With thanks to Ducati on the SOU board, who posted the link. It's in French. http://www.leconomiste.com/article/1026250-sdx-energy-2018-l-annee-d-une-decouverte-majeure-au-maroc