It is very easy to get in ROSE, but will it also be easy to get out?
Charts will tell you what the input/output looks like, but in the case of Repsol/TRP the question is what is the failure rate of drilling undertaken under the same condtions as ours in NamÃbia and I bet you will get a big surprise!
That was a good RNS from the BOD of Tower and the fact that they only moved 50 mts shows how importante the location is. Recent sell offs have been unfounded and the way is open for the sp to recover fast. Smells all very good to me!
Just checked on LSE a few minutes ago these seem to have been 490 delas with an avarage of 85.666 shares per deal.
An enormous amount of small and médium small delas are signalling to me panic sales and stop losses being activated into a vicious circle; the mm tigers are having a feast!
PAF under Jan Nelson have done me well, and I do now expect also a star performance from XTR; I bought shares oslely on the News of Jan Nelson cmoing aboard here.
Trading started on LSE today at 3.30p,and then came 2 delas 1,5 million at 3,05 and 1 million at 3.10 both labeled with delayed publication request! Smells like some manipulation. Nearly 70% of the trades today are rather small. Nothing to worry about imo.
The interesting thing is that trading started today on LSE with 3,41 and only after a few more trades prices have been squeezed down on a Friday and at a stage where only the following days can give some more indications as to where the drilling is going. It could even imply that we get some positive rumours starting over the weekend!
The trade profile on the LSE for TRP today are a number of small ones with only a few bigger ones but none as far as I know above 500k shares. Small pis dealing imo.
It looks to me that there is usually a gap between spudding and the start of actual driliing of about one week; if that is the case, then we are about two weeks actual drilling.