Borders & Southern Petro... Share Discussion Threads

[ajmace] 21/10/2016 08:20

Yes the 100k buys are very frequent.

[barvin] 21/10/2016 08:08

Those 100k block buys just keep coming

[phoenix equity] 21/10/2016 08:06

5p coming today !!

[christy27] 20/10/2016 23:35

RTW what do you make of this?

[whoppy] 20/10/2016 16:19

Yes it just broke. Ready for tomorrow.

[blueball] 20/10/2016 16:19

Paying 3.25p now.

[shakudo] 20/10/2016 16:08

Chris. Try speaky English. Me no understand you.

[jayrh] 20/10/2016 15:19

Chris where there's gas there's oil go back to sleep....

[blueball] 20/10/2016 15:02

Needs to break 2. 9 today to rise to 5p.

[whites123] 20/10/2016 14:56

MAYA : Mayair.

2 trades of 5000 shares go through (These are not destined for share buyback) and the result is, NMS tightens up and increase of 8% showing.

Folk... DYOR etc, but it really is a coiled spring waiting to pop.
The company has an approved mandate to buy back 10% of stock at an average price of £1.42. (£5,500,000) all stock bought below means the top price payable goes up.

MAYA : Mayair.

Very limited PI interest showing in MAYA (Mayair) still, but with just 2 small PI trades showing of £3,700 total the share price has risen some 8%.
The company has an approved mandate to spend over £5,500,000 on share buy back program. Its a squeeze of epic proportions. Do some research people... Im like an over excited kid as I have not seen this situation for many a year.

MAYA : Mayair

Close to £5,500.000 still to spend on share buy back program.
Averaged out that equates to over £1.40 per share, but all those bought lower means the upper price to pay can well exceed that marker.
Tripling of the share price is easy once stock is in demand.
Its a squeeze of epic proportions in the waiting.

And yet another RNS from MAYA showing a further share buy back.
Each and every time the rns comes out the price increases.
Yesterday just 2 purchases.
1 from a PI buying 2,500 shares and the other purchase was a share buy back by the company.

They have the mandate to buy approx a further 4 MILLION shares back.

The share price will explode...


Anyone else here excited about MAYA? (Mayair)

They want to buy back 4,247,500 shares (10%) for a maximum of £5,755,750

They have already bought back 340,000 shares for £205,611

So they still have to buy back 3,907,500 shares with £5,550,139


They can pay up to 142p (£5,550,139 / 3,907,500) to acquire the outstanding stock but for every share they buy below 142p, they can pay more than 142p to complete the buy-back, so the price should keep stepping up.

The objective of the buy back seems to be to get the share price up.

This could triple from here.

19th Oct -2016

RNS today showing they bought back more shares..
In a lightly traded stock like this they have the mandate to buy back almost 4,000,000 more.
Where will the share price be by then?
Many many multiples of todays price is my best guess.

[whoppy] 20/10/2016 14:12

If there is no reason and it begins to not reflect true values, then yes they would say they know of no reason for the sudden share price rise. However, they do have valuable assets and that value can be recognised if there is someone with cash or a deal.

[willoicc] 20/10/2016 13:51

Are they not supposed to issue an RNS when price moves like this without any apparent reason?

[whoppy] 20/10/2016 13:35

Jungle drums must be saying something for this amount of trading activity.

[adg] 20/10/2016 11:07

Chris, how can it be a pump & dump when there has been no pumping ??
Be interested to know how you figured that one out?

[chrisc168] 20/10/2016 10:39

Pump and dump.

[leedskier] 20/10/2016 09:48

It shows how far O&G shares have been knocked down over the last couple of years that notwithstanding the recent move up, the market capital of BOR is currently £10.65 million.

Cash balance at 30 June 2016 was $12.2 million.

Rather like BLVN, its market capital reflects its cash in the bank.

[fadilz] 20/10/2016 09:30

Yes, beware of spikes, they feed on themselves :o)

That said, when/if ever oil prices are perceived to have turned, and have a prospect of remaining around $60, then I am sure that partners will come to both BOR and RKH/PMO - and then over time share price would go up by multiples, perhaps double digit multiples. RKH is highly geared to oil price, and BOR even more so.

That at least is my patient gamble.

[tidy 2] 20/10/2016 09:13

Of course we do have the monthly spike ;) lol

[blueball] 20/10/2016 09:04

whoppy I go for the farm out rather than a take-over..lets see.

[tidy 2] 20/10/2016 09:01

Remember there is absolutely no infrastructure or partner. Twitter are at it.

[whoppy] 20/10/2016 08:49

Quite a sharp change. I wonder if they have a farmout deal? A long way back to 60p, but they have the assets in the ground to do it. Perhaps a takeover? To start production will take 3-4 years so maybe while drilling/development is cheap, now will be the time to start the ball rolling for a higher dollar per barrel in 3-4 years.

[blueball] 20/10/2016 08:17

Change of direction next stop 3p.

[blueball] 19/10/2016 07:50

stay long.

[rodderz77] 16/10/2016 00:49

Isn't Darwin actually even closer to Scharnhorst N? Considerably less than 30 miles. I looked at an old FOGL presentation, and I'd guess less than 10 miles