blackgold76
06 Jul 2017
Farm out partner found Price action is really starting to bounce. news on its way
fadilz
27 Jun 2017
AGM reports? Any snippets from AGM that anyone can report would be gratefully received.In particular the choice of words around farm out, and the nature of the next campaign.Wishful thinking perhaps, but I can't help but feel that the price movements over the past 9 months give us some grounds for optimism.
rpoodle
03 Apr 2017
Full year results Nowt new. Market selling them off a bit. Cash headline figure not looking especially impressive, but in reality, it's quite comfortable. At current rate of burn, they've enough money to keep going for five years--so plenty of time to find a farm in partner (though I'm not assuming anything in that regard). With that in mind, Borders' results play up their exploration potential in particular. "As previously reported, Management's un-risked P50 Best Estimate recoverable resource for near-field prospects (not including Darwin) - those located within a 15km radius of the discovery well - exceed 1 billion barrels. Many of these prospects are supported by seismic amplitude anomalies and are considered by Management to be relatively low risk."Have they been reading my posts??" In my opinion, the main appeal of this company is the "cluster" of low-risk exploration and discovered assets, with over 1bn barrels of prospective and proven oil and condensate within a 10 km radius of the Darwin well. It's pretty impressive......" [link] need to get a new tape measure....
rpoodle
21 Mar 2017
Re: Why the strength Another example today of what you're talking about Fadilz. An avalanche of sales coming through (at 4.6p), but the share price remains solid.
fadilz
20 Mar 2017
Re: Why the strength Hi rpoodle, on reflection I think this is a controlled rise - in other words a large buyer. We've seen two strong ups, followed by several weeks of gently rising price. Third up starting? We shall see today. Question is why?If I were an institution wanting to build a stake, this seems a good strategy: buy enough to raise the price, and mop up sales of those persuaded to sell. When selling dries up repeat. You get more for less that way. That is a good scenario - someone thinks we're under valued, and that now is a time to buy.A perhaps less good scenario is a forthcoming fund raising, and resulting dilution. I have not done the maths to see whether it makes sense to buy shares to raise the price in order to issue shares at a higher price and so reduce dilution - or for what size of raise it would make sense, if any. But I think it unlikely that they would dilute by 30% in order to raise £10m or so - they can keep going for 3-4 years in any case. So, to me this scenario does not make sense.So, on reflection I think there is a buyer and I'm happy to see the rise. But I am wary all the same. As you say, the annual results may provide clues, and perhaps the buying is in anticipation?
rpoodle
19 Mar 2017
Re: Why the strength Every afternoon I see a sea of red on the trading board and yet the share price holds up. It's all very peculiar. Maybe it's because it's not tied to a dead weight, like RKH are with Premier? Or perhaps because there's more faith in Borders management (who are doing a decent job with cash preservation)? Or is there an institutional buyer in the background? Lord knows....Anyhow, perhaps--and it's a faint hope, admittedly--we will be given some guidance as to what's going on in the upcoming annual results (they're usually before the end of March)? If the company gives us some generalities about the firmer oil price helping their prospects, as is most likely IMO, then it's all a rise built on hot air and hope. If they, however, mention that there is at least some low-level interest in Borders' acreage specifically, then it might start getting intriguing. Anyhow, apologies for not being able to shed any light on it.
fadilz
17 Mar 2017
Why the strength Since about mid Oct, BOR has shown strength relative to both RKH and Brent oil.Looking at the past 10 days ish, the price has held steady against what looks like net selling each day.Not sure whether to be happy or nervous - any thoughts?
vitrec
17 Feb 2017
wine and oil [link] more wine in falklands than the whole of Pakistan. Hopefully Champagne being saved for celebrations!
eye_user
14 Feb 2017
Re: A stuffing There's support at 4p though something quietly brewing here.Happy to hold and watch
Muzzletoff
19 Jan 2017
A stuffing Perhaps there is a view that building a position generates phoney frenzy, which then can be sold into at some point..I am sure there are experts in trading this way on relatively thinly traded stocks.Let's face the FI shares have sucked more money out of punters than most.Been there and got all the tee-shirts
eye_user
17 Jan 2017
Re: TA Rug has been pulled down we go... "closes drawer"
rpoodle
13 Jan 2017
Re: TA I'm no chartist, but it is very weird all this. I just posted this on the lse.co.uk board:"Two very big trades reported after the close today--for 1m (from January 12th) and 1.339m shares (from January 11th). Looking back, it appears that both were buys. The one million share trade, at 4.85p, came when the spread was 4.4p-4.75p, so definitely a buy. The 1.339 million trade, at 5.30p, came when the spread was 5.0p-5.5p, so probably a buy.It would seem to me that someone is building a position. Which begs the question: why now, and what prompted it? This may all be a pump and dump, or alternatively a simple share price correction. But could it be that positive news is leaking? Very difficult to tell with this clandestine company, but I'm watching with fingers crossed...."
eye_user
11 Jan 2017
TA Anyone got an TA on this? BOR and it's sp movements are mystery continue to hold with itching to sell some but this can go up 30% tomorrow or down 30%
rpoodle
11 Jan 2017
Re: Looking Good Great to see you posting Fadilz. Seems we have a similar approach to share buying...Was looking over today's share price behaviour. Seems the massive uptick came after a 664,000 purchase at 8.32am (which was reported after hours). Very big purchase for a small firm like B&S.
aces and eights
11 Jan 2017
Re: Looking Good back to 30p then yes a great year to break even!
