Member Info for zapsnap

I sold half and I was v open about it before I sold. The fact is that this share will continue to be traded. even LTH will trade. even people who feel that a deal is around the corner will trade. the fact is there is no guarantee. I am sure that those negotiating are doing so in good faith and are genuinely optimistic - but its not in their hands. I am not convinced the risk-reward is any better now than it was 6 months ago. this could slip to 1.3p, though I do not see this happening. if it does I will buy back what I sold, if there is no change in risk-reward. GLA

to settle between 0.26-0.35p until further news. if news is good then expect another bag or 2.

I still don't know whether there will be a placing or not. even if there is a placing at 0.1p, I am sure it will include a significant update. you will not get for 0.1p, instead it is likely to multibag.
this has to be Art's last chance - I think he wants to make this work.

if this goes bad for any reason, you might lose 30%. but I am v happy to take the risk. can anyone find a better risk-reward ion AIM?

GLA

I have sold half just in case. I am sure I will regret it but i just don't understand the DC part of the deal.

Going on. With placing
We only had a placing 2 months ago. Raised 575k

Theoretically we could have a placing every other week. But you need to weigh up likelihood etc

If i sell all of my shares now, the share price will half. I can tell you i am not interested in making a loss. Small volumes making it drop. This is a no brainer at this ldvel

sam - unfortunately 50-50 chance!!! go on your gut feeling. potentially could test 0.7 or fall back to 0.4ish

who knows. may have to wait till tuesday.

you may be right. lets see what happens. are you invested in here or watching for possible entry?

boom.boom - i am slightly conservative. On gas discovery i was thinking 0.3p. We have been told that there is a 60% chance of gas discovery. given all of this i think the share is a good punt even if you want to sell just before results. the only downside to this share was the recent placing at a discount to the current price. i have 4 million of these and i am happy to wait a few weeks for results. good luck whatever your position.

Interest will pick up. Dont expect rises in multiples unless the jackpot is hit. Certainly will rise in coming weeks

can easily move this.
the market is waiting for news.
happy to add if it goes any lower. there is a lot of potential. tiny market cap. i think i almost own 1% of the company!!!

got in yesterday - 4 million shares. this looks good. GLA

got in yesterday - 4 million shares. this looks good.

this is the question that seems to have been dodged. i am considering selling half on this rise.
Richie - are you allowed to shed any light?

not many shares in circulation.

Thinking of buying. Lots of positives.
Concern is the huge recent 0.075p placing
These people are already 25% up. I know people are going to say- why would they sell when it will multbag

Jinx. You are probably right with the valuation.
I was giving my absolute bottom valuation. Even 4 million is 0.55p ish.

for 7 months?!!

the market is waiting to see what the next news is.
1.5 million cap. when this goes, it will go.
i value this at 4 million based on where we are.
this will re-rate. just need to be patient.

Sam- dont trade.
trading is good but only for certain individuals who are good at it.
i dont trade. if you remember i gave my 0.4p target from the outset, and i sold 3/4 of my holding at 0.4p as i told everyone i would. i have done well out of it. i was having second thoughts but i realise i had to stick with strategy, as a compromise i kept 1/4.

lets say ART does a placing at 20% discount which could happen. I am quite sure that if good news is forthcoming then the good news will come out before the placing - this is his normal way of doing things. it will rise rapidly. a placing after that will be immaterial to some degree because by then the drilling should be in sight. placing shares would not then be sold - why would they?

this could reach 0.25-0.3p before any news. well worth a punt.