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Quite frankly I couldn’t give a foook who’s buying or selling. All I know is this will be a winner... a couple of weeks, months...
hmmm...
Not for then gta5, surely?
MM
My only theory is that ZIOC is at the current range since many months back due to the general high risk profile and the selling pressure from Artemis offloading huge amounts of stock. How you can call a fall from 12p to 9.xp and its subsequent rise back to 12p be "a 25% rally" its disingenuous (unless you're a daytrader). It's a recovery to recent low SP of 12p. Lets call it what it is: a very low valuation of a great little company with huge potential and huge risk to match. One among many reasons for this level is that one of the big institutions have been offloading millions of shares consistently into any rise for months.
gta5
According to your latest theory, ZIOC, who are in fact enjoying a 25% rally, are not rallying but being held back by large sells from an account whose holding is almost zero.
How does that work?
Maybe it's just me, but I'm equally convinced there is a large seller that has kept a lid on any attempt of a rise since the time we got the environmental permit.
Logic would have it that it's still Artemis offloading their share for whatever reason.... (albeit at a slower rate than previously as they should have well below 8M shares by now, approaching zero if my guesses are correct)
I for one don't really care about this 9-12p range and wait for real news patiently with my sizeable stake locked away in the bottom drawer.
About time we get the dates for the AGM, isn't it?
GTA
Mitch settle down.
Volume increased post-RNS as short-term holders left and the MMs marked the SP lower.
This was the supply.
Since then the fundamentals have improved (iron ore prices most noticeably) and buyers have taken advantage of the July Sale to pick up some bargains, gradually removing the stock from the MMs who hard warehoused it from below 10p.
Now we have hit 12.00-12.50p - the level immediately prior to the RNS, a few stranded and uncommitted holders have lightened their positions with some very marginal selling.
By and large, that's it.
Now pour yourself a beer and enjoy the weather.
Mock as much as you like, but I'm not the one selling and I guess you guys aren't either. In fact I've topped up a couple of times over the past two weeks.
So who is selling? Nobody seems to offer any plausible explanation on that.
Its definitely not day traders or recent investors as the heavy selling to meet the buys started two weeks ago at 9.7p - the lowest share price since the licence was granted last November.
So, unless some large holders are selling at a loss, it must be long term holders from before November 2017. If so, why sell now when everything is coming together?
hahaha Mitch had that nagging feeling a lot doesn’t he
Always amusing to see the predictable arrive. Eric should be here any minute now to tell us he is close to the top of his range and that he has sold and that the market will naturally decline thereafter.
haha.
Good spot Miner
LOL
'Mitch' - you tried this tactic down at 10.8p
DIdn't work then, doubt it will work now.
Price heading back down again now as the sales start to show to meet this week's buys. Despite the small free float, there is never apparently a shortage of big sellers (or seller) when large buys come through.
That puzzles me. If shares are in short supply., with the numerous 50k-100k+ buys the past two weeks (well over 3 million shares in total just on 50k+ buys), we should be at 15p+ minimum.
But did allow me a small bonus top up at 9.43p
Onwards and upwards now please
Which was Pre Last RNS, which in most peoples eyes was positive. Sub 10p hopefully will be never seen again.