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Traded ~10% of the shares in issue so far today and if you consider free float the % is much higher. These on top of about 18% of outstanding shares traded yesterday.
Most PI’s would be holding, traders who bought much lower got flashed out yesterday. I think this pressure could be MMs shorting it. I do hope that there is indeed something solid in this SP rise, love to see the shorting MMs getting crucified.
Draft, in my opinion the sells are not coming from a large seller, I doubt if BGF sold anything at all below 3p. I believe that these sells are coming from PIs.
“Plug & abandon the well”, even though most O&G knowledgeable investors on this board knew about it, the average investor didn’t. Even I3E SP came down.
EOG also made it a lot worse with the “prudent” £1 mil loan - essentially telling everybody that they are not making money from Wressle & other UK onshore operations. The Wressle windfall just pays the salaries and keeps the lights on, but this cannot be true. Or is it? And this is the reason we never hear about EOG’s cash position? Is damn annoying.
Baits, here
https://twitter.com/yanis_2005/status/1574336964513480704?s=21&t=HA7htW1MeHFr01LBWa64sQ
Welcome back btw. You couldn’t stay away could you? :)
Richard, Looking at the strength of the bid you maybe right. All sells are absorbed.
Richard, for me 5/6p is going to be like winning the lottery now, fingers crossed :)
One positive thing for today’s SP action:
We made a higher high than yesterday and is not even noon yet.
In last spike last July, the day following the spike day did not achieve a higher high.
L2 shows that sellers dried out. I think is building up for another attack at 1p … fingers crossed.
SP holding very well and looks like it has formed support at 0.85. If we close up today is going to be a very good sign that indeed something is happening - buyer found, or, hostile bid. Fingers crossed.
Heedless, tbh, at this stage given the general market conditions and cost of living crisis, I’ll take anything higher given where the SP is., but 2-3p is good considering where Eve finds it self. I am hoping for more though as my average is just under 5p. Fingers crossed they will drive it to 2p+ before an offer is made.
Nothing goes up in a straight line!
Buying interest is still there … volume is 16 million?
Volume so far is huge for EVE, 11+ million shares in half an hour!
Whoever is behind this buying doesn’t want to drive the SP up too fat too fast. Given the volumes, MMs are very likely shorting too and if this is the case they will help fuel a much higher SP rise when they realise that something is indeed happening and is not just spurious. Fingers crossed this is what is happening.
And the higher up the SP goes … the less volume it takes to push it even higher!
Ask back up at 1p now … WOW …
In all likelihood somebody is building a stake … or a leak?
Either way … Happy Days :)
Bid up … here we go, another run?
An other Form 8.3, AR up to 2.97%. He stopped just under 3% - is a TR-1 going to follow?
Given Friday’s volume, there must be somebody else in addition to AR doing some buying.
L2 building up again :)
That is true BV. I think they are now increasing a bit more slowly, a few days stability before winding the controllers up. Is a balancing act between gas and condensate whilst maintaining gas pressure as high as possible I think. Condensate stabilisation is the key. Cleaning the wells up, minimising slugging. Another couple of weeks of this I recon and hopefully the gas flow will be near 6. Fingers crossed.
Les, is definitely not a placing. They don’t have enough authority, I think they can issue up to about 250 mil shares, if that - 250 mil at 0.5 p is £1.25 mil, will not last long. What they are after is a sale or find investors to invest serious cash in, another £10 mil?
If you want to check the share authority is in the last GM resolutions.
BV,
17/9 0.1378 MCM/D 4.88 MMSCFD
18/9 0.1435 MCM/D 5.08 MMSCFD
19/9 0.1520 MCM/D 5.38 MMSCFD
20/9 0.1507 MCM/D 5.33 MMSCFD
21/9 0.1416 MCM/D 5.01 MMSCFD
22/9 0.1397 MCM/D 4.95 MMSCFD
23/9 0.1480 MCM/D 5.24 MMSCFD
24/9 0.1444 MCM/D 5.11 MMSCFD
Get the drift? That is 7 days of stable flow with no trips and the flow stable at 5+ MMSCFD. Sidetrack RNS soon?
DRB,
Tbh, I wasn’t going to reply to you again but your last post (09:24) made me reconsider. Ignoring all the rest, the last paragraph shows that you have a certain level of conscience and I appreciate this.
I am not sure what your agenda is here, but my main issue with you is the way you attempted to ridicule posts and posters , me included. Does this post of yours now mean that your attitude here will change?
Those that have been here for a while and know me, know that I don’t ramp and I am quick to criticise Angus if I thought they are doing things not in shareholders interest. But I stand by what I said earlier; 5-5.5 MMSCFD more or less covers the hedge commitments, Angus will have enough cash to ride over any shortfall during Q1/Q2 2023 (peak hedge). Any extra flow from the sidetrack goes to Angus.
Yes, the sidetrack could fail to produce the anticipated 5 MMSCFD (nothing is cast in stone) but how about 2 or 3 if it fails to do 5? Even 2 or 3 is substantial revenue too and whatever the case is, the hedgers proved flexible.
Personally, I now feel positive about Angus, more positive than I ever did in the past (where it was mostly frustration). I now feel more positive about Angus than I do about any of my other stocks. But each to their own, DYOR.