Been thinking about this and would be grateful for feedback from this knowledgeable board. I don't want encourage fundamentals v chartist debate/ or investors v speculators- please no. Rather I just want to specifically consider the mechanics of share price movement. Given that share price is defined by the actors in the market at a particular moment, then the price action does not necessarily reflect the views of holders as a whole. Instead it only reflects the views of those that are active at the moment. Therefore, where shares in a company where shares are by and large tightly held then the following circumstances may arise: 1. The supply of shares will be restricted. 2. The actors that most influence share price are traders, many of whom use technical methods. 3. Therefore technicals will have a disproportionate effect on price trend; 4. Subject to support (which may be informed by solid fundamentals) where people cannot resist buying back in. 5. The support is informed by landmark fundamentals eg CPRs. 6. But spikes and retraces are driven by news in the interim. I think this broadly explains the experience of MAGP.
RE: RNS soon?
MrE, perhaps one excuse in the recent case is the phrase you have quoted: "which are not public knowledge". Robsky has shown that the well information *is* in public knowledge; so it could be argued that no confidential info is being withheld?
http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/rules/aim-rules-for-companies.pdf The AIMS rule 11 state... General disclosure of price sensitive information 11. An AIM company must issue notification without delay of any new developments which are not public knowledge concerning a change in: ♦ its financial condition; ♦ its sphere of activity; ♦ the performance of its business; or ♦ its expectation of its performance, which, if made public, would be likely to lead to a substantial movement in the price of its AIM securities. ------------------------------ So RFW can wait as long as she likes to issue an RNS as it will not 'lead to a substantial movement in the price' ;-) Perhaps somebody more knowledgeable then me of the AIMs rules would care to comment?
HOT NEWS - Robsky
Evening all, finally have a proper keyboard, oh joy! Just want to post a 'Thank you' to Robsky for some great posts of over the last few weeks and generally keeping the BB ticking over whilst others have been lacking in the effort. Topped off last night by a great bit of news chasing, keep up the good work.
RE: Next Jakes
Thanks for the link Robsky. :)
You should have said Golden Eggs I would have known what you meant not gold bars. The other two Statoil Jake wells are awaited in anticipation. http://www.drillingedge.com/north-dakota/williams-county/wells/jake-2-11-3tfh/33-105-02755 http://www.drillingedge.com/north-dakota/williams-county/wells/jake-2-11-4h/33-105-02756
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