Member Info for wyndrum

McMuff, yes its very odd.

I have no idea if your final intuition will prove correct or not but AS seemed to imply that the business was overvalued for bigger players to come into right now.

(To be fair it was an unscripted answer so it can be interpreted a couple of ways), but if the intepretation of it being over valued and therefore it was a brake on further outside investment was correct then the lack of coms thereby stoking the fears of uncertainty has ,caused quite a devaluation.

It seemed unthinkable that mid feb it looks like P1a is still going and that part 2 is in its infancy without actually starting the dosing yet, given what was implied in December.

Is the DX division making money or burning money? either option has a big effect on current cash burn so the silence is pretty loud right now.

Maybe the "partner" wants a much lower SP entry and this is the process of doing it. I can see the logic of that.

The other option is not so positive.

(The third "option" is that AS will shout "surprise" and release confirming great info out of the blue would be suicidal, because if there is no immediate backer in the wings then depressing the SP through deliberate poor comms would not go down well with all or any shareholders.

Its getting close to crunch time. More money will soon be needed. Is it already sorted at a lower price with a backer -in-the-wings and the current Share holders get shafted... or.... is there no immediate new news when the raise comes with no backer (other than just doing the rounds), and the current shareholders get shafted....

Again, only because it is so recent but HE1 was 6p a few months ago, then (for whatever reasons) more money was needed but the market knew this, so sold. in the end the board had to raise money at 0.2p per share. So the ones that benefitted were the buyers at that price, NOT the LTH who even at 6p were probably sitting on losses and now will still have to wait to hopefully recoup losses.

I would think things will move swiftly with the rainy season potential to slow or change plans.

Now the money is there to continue, I am sure we will be told whats next, and as the data is more closely analysed, what further implications there are for the other well sites and a re-iteration of the overall goal.

So I would mildly surprised if we go a whole week without an RNS.. (imo dyor etc)

There is some resistance at around 2.80/2.85 so the first target is to close at 2.9p .

As to how the SP gets there might give an insight as to what's next. (There is space in the RSI for moves up)

That was a very good move imo.

It had to come quickly and every day it didn't it meant the savy would sell into any rise waiting for a likely dilution causing the SP to be impossible to predict (and who wants to buy a stock that might fall 50% in a day?)

Now its done that uncertainty has gone and apart from naturally swings on big moves it should...should... be amore sustainable rise to a "natural" level of value.

Quite where that is I don't know. 5p,? 10p? 20p? more?

Its a ride for sure, but I need to figure out an exit plan at some stage, though not yet I think... :0))

We need to consider what the value of this company is worth

at 2,5p its £80m at 25p its £800m .20p a share is unlikely in the short term.

!0p is pushing it short of LB coming out with some projections. But where we are now with just 1 well drilled.....well, lets not carried away... imo etc

Turbs , you would expect profit taking at the end of a day like to day. If it holds around these levels then it a very bullish (longer term) signal imo

Sorry, did not realise it was damaged. I thought it was the rig that broke down and was not strong enough for the final 100m or so?

I think they will let us know very soon as they will want to keep the drilling crew on board without a break so as to keep costs down.

(I imagine its odds on to go back to the old site with the new fixed, more reliable drill and quickly finish it off while then going to the next and preparing it while at Tai?)

Just having some fun that on any given day some Aim stock or other will be labelled as the "stock of a life time" :0))

ATB

Mr Magoo, this is my 12th "Once in a life time share"... beat that!

The general rule is never buy in the first hour of trading.

Hi Kev, No vids I'm afraid but for stocks, as they are not ideal trading instruments (they are not large enough to eliminate big buyers/sellers who can/could manipulate the SP), then I keep it very simply and as a rule hardly ever, ever day trade, then I just use support and resistance lines to see where the SP is likely to go to and only bother with the Relative strength indicator (RSI) to support the movement around S/R levels. (RSI: Anything less than 20 is over sold so a rise is more likely than more falls, and a reading of 80 or above is over bought and indicates a fall is much more likely.

And thats it.

(There's a couple of patterns that I like but always never, ever bet what you can't comfortably afford to lose and you must work with stops so that if the SP goes below what you expected then sell. It limits losses and therefore helps preserve capital which is rule number 1 and the other is, have a target that you would sell at. Don't get greedy and base your decisions on what the market is saying, now what you think or want to happen.)

All IMO dyor etc

Rog, charts can be used for various time frames but tend to be most accurate over short terms (intra day to 3 month to maybe 6 months at a stretch.)

The news break is fair enough but more often than not the SP moves in front of the news being released (which is why so many shares fall when actual news is released (buy the rumour, sell the news.)

Things that affect the accuracy is lack of volatility and or wide spreads. So this stock is not ideal but with larger spreads you just put in bigger stops and bet less to limit any loss if you call it wrong. Its just an odds game.

What this does have in spades is that TA works off crowd psychology and boy, there is a big crowd now! :0))

Good luck

Its actually not that strange as yesterday it closed with an RSI above 80 which indicates its very overbought and that a fall is much more likely than further rises.

Its a simple indicator that is pretty reliable in the grand scheme of things if you are into buying and selling rather than just buy and hold. (imo dyor etc)

Well an intraday break into 2.3 after all these failures thus far makes it a bit more significant. (bought some at 2.25p just to see if it might happen shortly)

Apre, so you didn't ridicule me about HE! just every stock I mention (which included HE1) Ha ha! You kill me...

(And clearly I was not jumping to anyone's defence, just marvelling at what seems your hypocrisy on anything I comment on.

Still who cares....

And not for nothing I have never claimed to be a chart "Guru" , that is simply your invention of a phrase, of me using TA to inform my buying and selling of various stocks. But again if it makes you feel better to try to demean me, then knock yourself out because it does bother me, so at the end of the day, who are exactly are you talking to?

Wow, Apre and PL75 joined in on this one yet all they ever did was ridicule me for investing in this.......funny old world.

(This will mean nothing to almost no one here and will be consumed by a 100 posts in the next 5 minutes but it has made me laugh :0))

Looks about ready now to gain and hold from around here 2.65p (Dyor etc)

Does anyone know?

Cheers

They are just trying to make an orderly market in a chaotic environment.

Its always going to have wild swings given the highly irrational, emotional state of most of the the "investors" here