Polemos Share Discussion Threads

[oilbuy] 20/5/2018 15:18

Pwhite Nobody knows what will happen next week - however 3bn shares traded on Friday with significent volume buyer on that RNS.I would be bullish to say massive rerate coming.

[ssrover] 20/5/2018 13:14

there will be fireworks here next week thats for sure. just how big is anyones guess...

100%-400% entirely possible on this RTO..

New world oil & gas rose 1000% back in 2015 on a similar note.

[ssrover] 20/5/2018 13:13

barnes posting history says it all.

[bernymadoff] 20/5/2018 13:10

Barnes, another one who thinks he's missed the boat

[barnes4] 20/5/2018 11:55

Disorderly market anyone?

[barnes4] 20/5/2018 11:54

Suspenders anyone?

[ssrover] 19/5/2018 20:17

Seems to me as though there are two reasons to buy here. Firstly the NB effect, and secondly as there will possibly be a squeeze due to flippers having no warrants to replace shares they have forward sold.


This will open at 2p and will smash through 3p before 9am imo with ease on momentum alone. This is without the short squeeze effect. And the fact that Burton believers will start to take large positions. There will be many who will have seen fridays news after hours and getting in early Monday. It’s clear the forward sellers are heavily in the brown stuff here. The late buys Friday confirmed this. Expect many more of those huge trades over the next week as they scramble to get themselves out of a big hole. There will be some serious, serious fireworks here next week..

NB put in £75k here recently and from his past experience i assume he will want 10x his money back

[bernymadoff] 19/5/2018 13:16

The rns on Friday afternoon which cancelled the warrants and the excess application facility was the trigger for the dodgy brokers to buy back hence the sudden surge in volume and price.

What they've done is to assume that they would get a large allocation in the open offer, the excess application facility and the attached warrants.

On the basis of this assumption that they will get all the stock they applied for they have been forward selling at over 0.01p (it is essentially a short which means you borrow shares and hope to return them later with shares bought cheaper).

However with the excess applicstion facility and the warrants now being cancelled the brokers are left with a shortfall. The only way they can cover their positions is to buy on the open market leading to what is known in the business as a short squeeze.

The share price shot up from 0.0125 to 0.0175 or 30% in just the final hour of trading on Friday. The huge late reported trades we saw are mostly shorts being covered.

This has a great chance of going a lot higher next week if people hold their nerve. Short squeezes on other AIM stocks have led to spikes of 1000%.

[ssrover] 19/5/2018 12:05

Correct Jenny hence a big squeeze coming here next week.

Reckon a 2-3 bagger is very possible especially as there will be 100X FEWER shares.

[jenny tulwought] 19/5/2018 06:42

ssrover,

Sorry if this is a thick question, but does this mean that those who forward sold their 'non-approved' warrants, are in a similar position to someone who 'shorted' a share that's been rising ever since? ...and need to buy back at a higher price to cover their transaction (short squeeze)?

JT

[ssrover] 18/5/2018 19:28

Just been informed of this!!!

PLMO warrant holders forward sold. Warrants not approved at the GM. = invidious position as it squeezed into close. More to follow Monday when there are less shares in issue to the power of 100
3 replies 1 retweet 6 likes

[ssrover] 18/5/2018 17:48

Nigel burton put £75k of his own money here a few days ago so he will want this to go a lot higher.

Short term 10 bagger from these levels? Anything possible on AIM

[ny boy] 18/5/2018 17:46

Might have a few of these on Monday, doing very well out of (RKH) etc.

[oilbuy] 18/5/2018 17:35

Looking better now. Let's see what Monday bring. Cashed up now. Enough to satisfy the nomad

[coldspring] 18/5/2018 16:43

Dont feed the trolls please. Put them on filter and let them rant on their own.

[masonmaster] 18/5/2018 16:42

100% + Monday, that will shut the 'Jealous Guy' up.

[dr samsam] 18/5/2018 16:34

Good end to this week. Looking forward to Monday. Would not be surprised if it gains more than 40%... Have a nice weekend all holders, and burn in hell all negative losers.

[gheebee] 18/5/2018 16:28

Nu Oil and Gas - now what in the World does that remind me of.... Ah yes and here we have Beaumont Cornish too. Wouldn't want to be in this over the weekend.

[ssrover] 18/5/2018 16:23

Nigel burton took NUOG from 0.006p to 1.8p recently.

can see this multi bagging in the very near future with new team on board.

[gheebee] 18/5/2018 16:15

Can't buy even if I wanted to. Hargreaves Lansdown haven't been given a Key Information Document, apparently.

Looks a bit of a disaster anyway. Open offer now less attractive than before with people getting a chance to reconsider if the warrants made all the difference. A consolidation plus the right to issue more shares is a recipe for just one thing. And then there's the new director. Straight from a dodgy nomad/broker firm with a china fraud under his belt as a director and very little else, since all his other appointments are almost as recent as this one.

Only one place this share price is going once the analysis gets done. This is a desperate attempt to cover up something smelly left over from the Lenigas team.