Agreed, but REM slightly different. It has been consolidating for a couple of months and we got clear news yesterday. I am confident of it being 1p within a matter of time.
MXP is a strange one in my portfolio - potential and acreage is there. I have all the original presentation slides saved on my computer and the 2 deep prospects we have look encouraging to say the least.
Finance is the key and with everything that has gone on I can see someone approaching to do the hard work and drill through the 1800M salt layer to gain access to that 500m barrels of black gold.
ubs have sold over 80m and Henderson 100m since xmas, I understood that only approx. 500m shares were free float before ubs/Henderson sold down,which leaves 1.5 billion being held. total volume since 17/1 186m,there doesn't seem to have been a collapse in holders only price,last holdings rns 21/1
well, its been a while since all the great news, and to date there has not been a massive sell off that i've noticed. the daily churn hasn't been large enough to accommodate any major sell off what with billions of shares in issue. so either the major holders are so far under they have given up on what remains of their investment (me) or the big guns are privy to something we are not? I am not selling yet (ave 16.42)
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