Silvermere Eng Share Discussion Threads

[callumross] 26/2/2013 16:16

look at the trade codes on those 2 trades at 13:36 and another 2 at 14:05 hrs.

[christianf12] 26/2/2013 16:11

lol, so people are not allowed to buy cheap shares coz long termers are locked in higher? pmsl

[callumross] 26/2/2013 16:08

This looks like a clever scam perpetrated at around 1:30pm when a number of apparently co-ordinated trades went through along with a couple strangely co-ordinated postings. FSA should maybe look at this but please no-one buy in as all you are doing is allowing the scamsters to make a killing at your expense.

[christianf12] 26/2/2013 16:04

Doesn't look like it. Will take another 100k sub 6.75p if we see it again.

[showmethemoney123] 26/2/2013 16:03

Classic pump and dump which will run into a wall of sellers?

[christianf12] 26/2/2013 15:53

Sell up and move on, make it up somewhere else if you don't believe in SLME anymore?

[grannyboy] 26/2/2013 15:39

I'm already in, much to my annoyance...

[vivgav] 26/2/2013 15:38

Looking for sellers now 7/7.25

[christianf12] 26/2/2013 15:24

75k max at 7.2p

[christianf12] 26/2/2013 15:09

grannyboy,sounds like you missed the bottom to buy : ))

[grannyboy] 26/2/2013 14:31

And this sudden interest is starting to look like a P&D, Is the city boys coming out to play....

[grannyboy] 26/2/2013 14:29

Yes thought the upside potential outweighed the downside risk at other companies, but if they don't fulfill that potential then the share price halves at least if not more....

[vivgav] 26/2/2013 14:29

7.1 to buy

[bumpkinroll] 26/2/2013 14:27

News due the 1st week in march so anytime from friday.

[montyhedge] 26/2/2013 14:21

Upside risk outweighs downside easily. 10 bagger potential.

[bumpkinroll] 26/2/2013 14:18

nice flurry of buys today & a decent rise for a change. hopefully we can hold it.

[christianf12] 26/2/2013 14:08

The "possibe" reserves could add c. 100p to the 22p : ))

So 122p upside v 6.75p downside seems worth a punt to me.

Valuation

Mustang Island's reserves were independently valued (NPV10) of US$14.3 million for the 2P reserves attributable to the company's interest and an additional US$56.4 million of possible reserves (as at 31st March 2012, in a report commissioned by the commissioned by the board which is in draft form). Looking at the 2P reserves and using a total number of shares of 40.95 million on a fully diluted basis gives a target price of 22p.

[bumpkinroll] 26/2/2013 13:42

show - call share mag yourself fella & you'll find it highly likely as they admit to the boo boo.

[showmethemoney123] 26/2/2013 13:03

Hmmm. Seems highly unlikely....

[bumpkinroll] 26/2/2013 11:55

show - they have not pulled out. Shares mag got the date wrong (I called them on this as I wanted to attend). The date is in June - I do not have the exact date to hand.

As stated, I spoke with AM last week. I suggest you do the same.

[showmethemoney123] 26/2/2013 10:55

Although looking at the website it looks like he may have pulled out. Hardly gives you confidence if he is now ducking his speaking engagements - which means he cannot even stand up and justify 6.5p!

[currypasty] 26/2/2013 10:44

that's brave, slme listed at 25p, now 6.5

[showmethemoney123] 26/2/2013 10:41

StockMarketWire.com - Andy Morrison, CEO of Silvermere Energy (SLME) [LON:SLME] the oil and gas exploration and development company focused on opportunities in North America, will be presenting at the Shares Magazine Investor Evening in London on 28th February 2013.

Further details: