anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

Time for a walk.............

Time for work for me but a good day so far, in Filtronic too which has risen
19p yes and so far up 7p today... : - )

From Killik's morning note:

"STERLING ENERGY Placing details

Sterling Energy has secured the 97 million required to fund its Letter of Credit to the Government of Mauritania to allow it to buy back 12% of the Chinguetti field. After an intense round of presentations to institutional funds, it has raised the 97 million we hear very comfortably. Placed at 17p, the new shares will list from the 19th November."

morning all, sorry for the late start....

17p, we were all right on that front. the underwritting by Evolution looks a moot point but i would say the idea is, if it is indeed oversubscribed already, is just a city ploy to add support and confidence until these commence trading.

the facts are that Evo have seen this is a winner and have symbolically put their name to the placing. good for them and great for the share price. tactics, gotta love them.

Morning everyone,back home again. Trying to catch up on all the posts. Just a cup of tea....cupboards are bare.....ah hah....the freezer!

Call it feminine intuition if you like, but I would guess that EVO have done a deal with SCAP to help them control the price while they shift stock.

evo has simply given the shares a floor until the 19th. they are probably patting themselves on the back underwritting the issue but if i had been there I would bloody well underwite it.

Oh its very tight for time now,trying to sell some but the prices are going south,,,come on give me some blue.

I am looking at 17,,,,,,,who knows,,,,will i be in?

maybe....but i wouldn't hold your breath!

Don't think you will see 17p.
18p buy is the best at the moment I think.

Oversubscription means the stock will sell at a premium.

Good luck to you.

Thanks boys for that!

suck it up...pay 18!

Darn right prop.

dd is a cartpetbagger!

Pay up an look good dave.

You will not regret this.

How many you looking to do (limit up and down)?

dave was that 172k buy yours?

Leave it out sw , looking at about 55000 shares/or 10 k,,its all about the price.

dave, to be honest if you only put a foot in the door, you could stand to do well by Q1 2006.

My guess, and it is as good as any, is 1 per share.

If that is a hit, then any amount above a thousand is good enough, if you can't free the money.

SW,there no problem selling,its just me being a tight arse,and wanting all i can get..

It's a yo-yo then.

Been there, seen it done it.

Not easy................oh maybe it is Easy.................Yes it's down a bit today.

Nice dilemma "Shall I take the 40 odd pence per share or hold for 50 pence".

I think you can afford to give the 50p a try.

The 18th is the day things will move, i think so just over a week.

Lasagne for tea tonight, wasn't very good. :-(

Dave, you should change your name to Daves Dilema, to buy now or try and hold for 17p! Nothing wrong with being a tight arse and wanting all you can get, but will you get it! The battle rages on...

Gavdfc,good news sold eid late on,,same price as i bought it months ago,could of had 118 , but was away on holiday , that will teach me , onwards and upwards.