Lfeaccetfusd Discussion Threads

[glasswala] 03/7/2012 10:54

marauder, glad you are around! I was quick typing and did not check the wordings. just letting of steam i guess!!!!!!!!!!!

[timberwolf3] 03/7/2012 06:44

Seeing as there is a lull in the west Philippine sea at the moment, time for another article;

[glasswala] 02/7/2012 12:37

The time line for drilling now only 13 months!!! Anyone know if any drilling slots slated in or finance for the drill sorted??

[glasswala] 02/7/2012 10:41

marauder7, yes i like to keep it simple as it is already too complicated understanding the various phychological minds of the market!!
I wish i can move this share but buying in lots of 20,000 is beyond my financial prowess.

[marauder7] 02/7/2012 10:07

Glasswala, your effervescent naivete is such a refreshing change from the sinister wit of cyberbub. :)

> Paint dries faster than this share moves

You missed the riveting £1.2K sale that's happened already today at the start of play, right? In a company with a NAV of (arguably) up to £1,000,000,000, that is no small matter!

Want to get the share price moving? Purchase blocks of (say) 20K shares every 10 minutes, starting now. I can guess what the share price will be up to by the close of play. (It'll not be of value to me, 'cos I will have sold up by then and moved along).

The main tool being used here is the spread - simple as that.

[glasswala] 02/7/2012 10:00

Paint dries faster than this share moves...or is the slow boat to CHINA faster!!

[marauder7] 29/6/2012 22:01

cyberbub 29 Jun'12 - 22:34 - 5268
> What does HTH stand for, BTW?

INPO:

How the Heck?
Hell This Hurts
Hang Them High
Highway to Hell
Have to Hurry
Hotter Than Hell

YKMMV (metricated)

;-)

[dr knowledge] 29/6/2012 21:37

Glasswala, "fund raising" had nothing to do with it, the volume drop was quick and substantial, the need to raise fuinds was there day before the rise and day after, PI's aren't that quick and in any case dilution of FEP, effectively dilutes that of PXP as the two are inextricably linked - yet as we both know, their SP's are (presently) far from linked.

As regards "fund raising behind the scenes", replace "fund raising" with "institutional placement" and you have a totally different scenario. Either will only take place once FEP are happy that the geo-politics are steady enough for them to proceed. Then, in my book we will see something directly more akin to a placement (i.e I'll eat my leg if the shares are simply placed on the market). NO, we won't get a sniff. I've been to a couple of institutional presentations and they are as close as you'll get to legitimate insider trading - companies present all facts, all permutations, for once the vagrancies of tradin are ignored. Taking of ignorance, the market also totally ignored the fact that the directors shares were picked up at a c60p premium to the prevailing share price at the time and if any placing is at the current SP, I'll eat my other leg.........it won't be and neither will the market be able to ignore it once it happens. ;-)

[cyberbub] 29/6/2012 21:34

What does HTH stand for, BTW? :-)

[marauder7] 29/6/2012 16:37

£2,007.38 sold today... heady stuff!

Glasswala 29 Jun'12 - 10:54 - 5266
> There must be a fund raising going on behind the scenes as this is the only
> explanation why this share has not risen in line with PHX

Assuming you meant PXP or PX, and that your reasoning is correct:
For the supplied "only explanation" to be valid, the fact would have to be known to a lot of people who would otherwise be considering buying FEP shares.
But then we would have heard about it, too.
Therefore, you are wrong. ;)

HTH!

[glasswala] 29/6/2012 09:54

There must be a fund raising going on behind the scenes as this is the only explanation why this share has not risen in line with PHX. The initial rise in PHX to 32 then a subsequent fall to about 26 with a rise back up to an all time high of 38 and presently 36. But the FEP share price rose intially to £2.60 only to drop all the way back to £1.25 to presently £1.36. This has not gone past its all time high again!!!

[marauder7] 28/6/2012 12:52

For the benefit of passers-by, time for the chart, perhaps?



While the First Pacific company of Hong Kong holds less than 50% of the stock of Philex Mining ("PX"), we understand its backers/founders, the Salim family, also have:
(a) agreements or connections with the Ongpin family of the Philippines (behind Atok-Big Wedge, "AB"), and
(b) furthermore a First Pacific 100% subsidiary, Asia Link B.V. directly owns stock in Forum Energy plc ("LSE:FEP", a UK-registered company).

As a result of this and other holdings, it has been stated that First Pacific is the (ultimate) controller of Forum Energy.

So, while Forum Eneregy (the vast majority, by share value, of whose nominal shareholders are either Filipino corporations or, in the case of FEC Resources ("FECOF"), is a subsidiary of a Filipino corporation, Philex Petroleum ("PXP")) and the whole Service Contract 72 (in the Reed/Recto Bank) region have many Filipino associations and are administered by Filipinos or the Philippine Government, FEP itself is controlled by a Chinese corporation!

This is highly significant, as it suggests that many or all of the concerns relating to the China-Philippines disagreements (much of which may be posturing, anyway) about oil and gas fields in adjacent regions of the South China Sea do not apply to Forum Energy or to its stake in SC-72.

Chinese politicians and big business are renowned for their logic and I'm sure they worked all this out long ago - indeed, some of the reasons behind the group structure, including why we have western companies and ownership too, was to ensure that things should go smoothly.

Caveats: E&OE, DYOR, AIMO, TINFA, YMMV, FEPO etc.

[marauder7] 28/6/2012 11:42

What's all the fuss about (previous 6 posts)?

£66K worth of trades in a company where the expected NAV is about £1,000,000,000 according to what our shareholders' shareholders think?

Ooops, back to reality. It is FEP.L, where NRDA (Normal Rules Don't Apply). :)

Forget the Buy/Sell classification. It's often up the spout and no one should pay too much attention to it or read sinister things into it IMO.

As SSB has demonstrated, these were delayed trades.

Does it matter?

Why don't we do something else? Watch paint dry?

[sideshowbull] 28/6/2012 11:13

08:36:02 28-Jun-2012 140.00 23,500 £32,900.00
Ordinary Trade - delayed publication request




08:19:10 28-Jun-2012 140.00 23,500 £32,900.00
Ordinary Trade - delayed publication request

[dr knowledge] 28/6/2012 11:12

Definitely not a rollover, doubt either that someone is buying in blocks, there is absolutely no reason why the MM's would keep the price "steady" if they were, they are reported as open trades, ergo confused as to why/how they have not impacted the share price unless we see corresponding sales later on today, as they are well above NMS, they can also be delayed. ;-)

[cyberbub] 28/6/2012 11:09

i was about to say that the time gap was too long for a rollover. someone is buying...NAI

[glasswala] 28/6/2012 11:08

£33000 is a big mistake unless its someone with deep pockets!!

[sideshowbull] 28/6/2012 11:07

Looks like 2 seperate buys -too long for roll max 3 mins allowed- or second could be mistake.

[glasswala] 28/6/2012 10:25

WOOHOO!!!! 23500 shares purchased at 8.19am Someone is grabbing shares in blocks no wonder the price is keeping steady.... the MMs have an order to fill and this is the reason why this share does not seem to be moving upwards whilst PHX is storming ahead.
Another 23500 shares could this be a rollover or a further addition??

[timberwolf3] 28/6/2012 10:22

Glasswala- it looks like Pangilinan is telling China you either agree to our terms or we do a deal elsewhere.

Is Pangilinan bluffing ? or has he already lined up American companies.
America wants to make a show of strength to China in my opinion.

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