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Someone mentioned transfers yesterday.
All these big numbers today are not affecting the share price, are we saying they are transfers?
How do we know this please and how do they avoid the spread cost (If they are avoiding?)
I’m no expert but MM’s have ways of moving shares around if the trades are off book which these are. Sometimes unusual trading patterns happen randomly but my gut feeling suggests that with news pending this is not random.
A broker can take your shares off you and immediately sell them back to you as a slightly higher price to cover their effort. If you have more than one account with a broker you can sometimes transfer with no loss (as it's the same nominee account0. "In specie" transfers are also possible between brokers.
Lovelife - yes they are transfers!
Some larger sells but they are being mopped up by constant buyers!
Some significant sells today. The sellars can’t be very confident .
Here he is!
MR JGJAM!
They werent all sells. Check the large ones they were transfers!
TRYHARDER!
Fortunately Mr 14% Zakaria seems confident enough to not only hold but to also increase his holding - re the TR1 issued last week. GLA
Wake- up jgjam. If you are going to post here at least try to understand how the markets work !!
Despite lots of big numbers today on the board (but not many trades) the share actually moved nowhere....It won't be long until the unveiling. I suspect the people that are in are staying...& if anything it's the odd person just freeing up some cash because it's needed not because they doubt.....too many positive signals in this share.
For sure if the big trades were sells no way would today’s closing price be the same as yesterday's.
`RED is a SALE` HAHAHAHA!
That literally shows what you know FACK ALL!
The blue and red colours mean nothing!!
Buys always show as red and sells always show as blue! Amateur!
Paddy, how about you research the word discussion board in a dictionary. You shout your vile mouth off at any body whom like you isn’t ramping . This is a discussion board not an exclusive ramping board for you and Mr. Fake big piece. Aka Mr Flip flop whom is a total con man proven & removed. Its only with penny shares you come across the likes of you people.
It’s a month today since the BOD reported that various meetings to finalise the PSC had taken place. By the time the parties involved have the inevitable follow up meetings. Then it’s over to the legal teams to draw up/outsource the physical finalised contract. Next comes the signing. It takes time. I have a close family member who is a contract lawyer and they tend to drag on. Hopefully not to long now though 🤞
You clearly will not listen to reason, logic and experience and multiple posters are telling you the same things. Do listen and learn. Paddies are always right-well, nearly always 😍 No ramping at all. No comment on where the SP is going - just countering your ignorance and stupidity for the benefit of all readers
As for believing the RED-Blue scenario - that really does show you have a knowledge problem. Ever heard of Buying and Selling inside the Bid-Ask and Hold-backs on deals outside the NMS ? Probably not
How kind of you ! So thoughtful. Are you referring to “office manger & flop ? Two combatants with not much better to do . You tore a strip of a poster only recently to be told by another your out of order.
Please, once you’re finished doing your charity services for all the other posters on here. Go educate and familiarise yourself on the chat rules on this site.
I am so pleased you think I have been 'kind' and 'thoughtful'. That has fulfilled my goals of the day. Nighty night !!🤣
Oh and just to complete my charity services for the day- it is not 'your' but 'you are'. 'Your' is a Pronoun in case you are not sure - a 'possessive' pronoun in most cases. Another Masterclass tomorrow if you wish to sign-up. How about Bid and Ask definitions and deployment ?
Final score:
Irishdemon 6 jgjam 0
I posted this on the LBE board but removed all the LBE reference material but equally applies here imo
I was using a $3/boe in ground valuation pre production for either Co making a sizeable discovery. Below news is on a very mature producing field.
Todays news - Hibiscus buying Block B, 85 km off Brunei (next door to Sarawak) which is the late life mature MLJ fields from Total Energies for $259.4m.
Production commenced 25 years ago in 1999.
Buying a net 24.2 mmboe 2P and 6.8 mmboe 2C as of 1/1/23 with 7,865 boepd production. (84% Gas).
2P cost = $10.71 per boe or $8.36 per 2P/2C combined and $32,980 per flowing boe.
Presentatation
https://ir2.chartnexus.com/hibiscuspetroleum/docs/Analyst-and-Fund-Managers-Briefing-Deck-Proposed-Acquisition-FINAL.pdf
June 14 2024 Reuters) -French oil and gas major TotalEnergies will sell its Brunei business to Malaysian independent exploration and production firm Hibiscus Petroleum for $259.4 million, both companies said on Friday. For Hibiscus, the appeal is in acquiring a well-established natural gas asset in a stable neighbouring country where the group hopes it can boost output. "We have been looking for the right opportunity to enter the Brunei energy industry for some time and ... the additional volumes from this transaction ... will provide an uplift of nearly 85% to our gas production," Hibiscus Petroleum Managing Director Kenneth Pereira said in a statement.
Hibiscus said it expects the asset to add 7,900 boepd of gas and condensate to the group's total production in 2024, with plans to improve performance over time by cutting operating costs and investing to slow the field's decline.
https://www.marketscreener.com/quote/stock/TOTALENERGIES-SE-4717/news/TotalEnergies-sells-Brunei-unit-to-Hibiscus-Petroleum-for-259-million-46971804/