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lse:gkp

#1

The Selling to the Bid Orders looks to have reduced a little today while the O trades have increased.

Close . . . . 193.60
Open . . . . 194.40 . . . 1st AT
High . . . . .200.00 . . . 12.17.51 . . AT
Low . . . . . 191.74 . . . 08.07.04 . . OT
MD Auc . . 675 @ 197.20

Full
172,707----228,221
42-----39

LSE Vols . . . . 676,267. . . 168
AT trades . . . 90
OT trades . . . 78 . . . 14.03.56

Spread 198----198.6 . . Mid 198.3


#2

Hi Mikey been away a long time due to oil burn in GKP, Afren etc very painful. Now into EV stocks the future I believe. Low oil prices and future prospects I feel are all bearish for the oil explorers but special situations sometimes occur. For example Lekoil’s New Year 100% jump. Noted Baron jumped in on 30 Dec.2019 with a 30 mill share buy in and then Lek announced funding for 310 block exploration on 02 Jan 2020 (Afren’s potential crock of black gold) Any views??


#3

Hi. MacPithy
Lekoil’s been a nice little earner for me this year, two buys and two sells.
I just trade it, buying low selling the news
If it drops back I’ll buy back in possibly around 6p or lower

I no longer watch Afren and being in central Africa I’m wary of Lekoil so don’t like holding to long.


#4

Hi Mikey thanks for responding. Re Lek Well well well. Afren went bust following oil price crash and a corrupt CEO and COO with a court case still to go on 17 Jan 2020. Made the GKP court fiasco look tame as they tried to extract $45 mill to the Caribbean. Now a con artist firm has stung Lek for $600k smells fishy very fishy. Lek are sitting on Afren’s significant oil discovery and now are a bit of a lame duck with very near term commitments and liabilities (Feb 2020) with virtually nil cash in the bank. Takeover target or a cheap asset sale very much on the cards IMHO. Any view.? PS Baron bought in to 30mill shares on Jan 1 before this all kicked off!!! I think there are sharks in the water.


#5

Hi MacP.
There are sharks everywhere and you may well be correct with Lek.
For certain I’ll keep an eye on it and get back in when I think its right