Strangely enough people don't generally sell £50 worth of shares to lock in profits, by the time you subtract trading fees it simply is not worth it and that is what has been happening here day after day, followed almost immediately by substantial buys. Drop the sp on low volume trading and then buy cheaply, not a hard concept to understand.
Just out of interest, does anyone actually believe the conspiracy plop that CH comes out with on a nearly daily basis as the SP drops.
"systematic manipulation by traders capitalising on low summer trading volumes"
Ever considered that the reason the SP slides day after day is because thats what AIM shares tend to do inbetween periods of no positive news.
Who is going to buy in on the promise of "better days tomorrow" when, as the song goes, Tomorrow Never Comes.
CH is either a seriously naive "investor" with little knowledge of how the market works, and has been fleeced of his savings by an aggressive market and is now in denial, and great financial loss.
Or he is Dogpogs new champion, vainly blatantly ramping day after day for other reasons unknown.
This is AIM territory. Anyone who has been around a while will have seen the "trading pattern" before many many times.
...NEWS DRIVEN... THERE IS NO CONCRETE GOOD NEWS.... THAT IS WHY THE SP IS DROPPING AGAIN...
It means people are selling .PI's mainly as this is 95% PI owned stock. To invest elsewhere. Even PL advised shareholders to take some profit after the gains a few years ago. After the next piece of "Good News" the SP will rise, then inevitably drop again after people sell into the news. Its what happens. Forget the trend charting and TA.
PEOPLE SELL... PRICE GOES DOWN PEOPLE BUY... PRICE GOES UP
Look up supply and demand, Page 1 of Economics for Dummies. Primary School Edition.
The current drop in the sp has nothing to do with lack of communication from Range it has to do with systematic manipulation by traders capitalising on low summer trading volumes. Look at the trading patterns, multiple low value sells to drop the sp followed by large buys. It is transparently obvious what is going on here. I have noticed the same pattern on other small cap shares such as SOLO and AEX (fully listed not AIM). How about we just let RSR and the BOD do their job without interference from wannabe directors.
Robins - Cheers. Mickdee/RTN/Rexco - Rich is right lines, I think it's a case of trying to coax them in the right direction on comms rather than anything aggressive. You only have to see the speculation on recent / current production levels and the interpretation / meaning of the Trinidad ministry data on here alone and just today (and as Rexco has immediately demonstrated again) to know there is a whole load of clarity that could be provided which would cut out all that. Meanwhile we have uncertainty and we know what that does to the sp. As Mickdee and others have commented, it seems they still don't really 'get' that at Range Towers. JDwag - let's hope the recent two-monthly pattern at least is maintained... Mickdee - Yes... though I guess we'll never know why it went to 2.7p or who was doing it, or indeed whether that was fair value at the time - possibly not based on the info in the public domain.
With regards news I don't completely disagree. However, if over the course of the next 6/9months, regular bopd increases become expected, then the interim news releases become less important as you'll be expecting the same again and already factoring that into any decision to buy or sell. Currently we're not quite there yet but that doesn't mean it can't happen. So in some sense they're probably not bothered. In some senses I'm not bothered either. It's the delivery on the ground that will make the biggest difference rather than a ton of small news releases.
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