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

Well not just a rumour now. Could do with some meat on the bones now after the RNS! Exciting times! And another drilling update tomorrow.

absolutely. the only thing is the word "investment". seems like SEY is doing something as opposed to someone coming in? speculate and speculate...i think i need a lie down...

A rights issue might calm everyone down a bit

There's a subtle difference between a heavily dilutive rescue rights issue to stave off bankruptcy and an institutional placing to fund a growth and profit enhancing purchase.

True - Pru?

Well said Hilary. Surely this can only be good for us. I don't think that institutions would back any deal if they did not think it would be a good deal for them and us.

Also, from reading other BB's, it would appear that we get a write up in this weekends Momentum Investor, but I can't confirm this.

you can hardly mention Pru and SEY on the same post. deeply disc rights to stave off some serious internal and external issues versus a placement/rights to fund a drill programme to access proven reserves. obviously drilling has its risks but with all mineral speculation there is always an element of heavy investment to access the far far greater rewards.

hilary, i am 100% behing u on this one.

Lets keep focused here please.

We don't know for sure what the excitement is all about.

We will evenually know, but for now, things are still looking very rosey in our garden, and lunch time is approaching fast.

Enjoy the days glow people!!

NOW A FACT...............SHOULD DO WELL TODAY

Sterling Energy PLC
25 October 2004



Sterling Energy plc ('Sterling' or the 'Company')


Statement re. Press Speculation



The Board of Sterling notes yesterday's press speculation about a possible
substantial transaction and the Company's share price movement today. It
confirms that it is in advanced discussions concerning an investment in West
Africa.


A further announcement will be made when appropriate.


Enquiries:


Rob Collins, Evolution Securities Limited:
020 7071 4300

Allan Piper, First City Financial Public Relations:
020 7436 7486


This information is provided by RNS
The company news service from the London Stock Exchange

morning....you heard about JFK?

2m more buys than sells currently. Where do the MM's get their stock from when this kind of thing happens I wonder?

Doubled first thing and hoping for great things.

Good luck all.

CP

stock comes from the box (ie they have to be able to borrow or have access through permissioned client accounts or stock borrow). typically with the big firms a nice liquid stock like SEY is no problem. The MM should be comfortable in a few million long or short. obviously with news in the offing they may walk the stock up a little more to flush out a few sellers.

Love all the dirty talk today.

Just a first time lurker here,is there room to sit and watch .

Dave......... always welcome.

What you got for dinner????

We're alright now guys and gals............

daves dazzlers is taking an interest!!!

Money in the bank ;-))

welcome Dave....if you weren't aware this thread has a gastronomic angle as well. we serve SEY advice with a side dish of dripping or toad in the hole depending on the chef present.

Oooo, that came out big!!

I wonder what all the spiders are doing on the page?

Thanks all,i have no position at the moment but i like the look of this one .I would like to buy at around 15 pence,,so to much at the moment for me,but you never know.
As for food wise,johnwest salmon on whole grain bread.
This is on my short list of 5,next investments.