... Are NEVER seen when this share isn't been shaken down by the MM. After a string of positive news the MM are STILL shaking this down and the usual suspects are STILL lining up to de-ramp this.
Meanwhile the rising bid all day (3.826) was met by MM dropping the book bid by .25 to 3.50. Only makes sense if you want to try and manipulate this share into another bump off the bottom IMO, pick up more shares cheap to replace the ones sold at 4.17p. Giveaway was the falling RSP ask.
Clue: the mm on bid on the book are most likely the same outfit actually on ask on RSP, allowing them to walk the price down despite buys, then drop off the bid to cause the SP to drop, repeating until you pick up some cheap shares. Repeat.
Games continue - I think some investors have de-risked pending the bass deal completion as funding has been the only news to get this moving of late - and consequently suffer due to the delay completing the deal.
Other than that niggle what's not to like? Mine in production, offtake for all grades, low production costs, 2 new mines planned, early indications of quality untapped resource in the existing mining area...
And the SP is still back here. Doesn't add up, does it? (IMO).
STGR is not a traders stock at the low volumes we've been seeing in the last month or three, the TA commentary is not worth a pinch of salt.
Those looking for a ST trade should keep looking, there's nothing here for you. Those looking to invest in a graphite company with sound fundamentals, look no further. STGR has ticked almost all of the boxes, a little bit of patience is all that's required.
Hopefully management delivers us a little present in time for Christmas.
Very good pertinent points by the wise investor. It needed saying, as this board is unfortunately dominated by what are clearly STGR Full-Time PR Workers, who seem to have nothing to do all day than to churn out reel upon reel of 'what-if' speculation 'news', presenting all this material as if it SP-enhancing.
The SP has not been 'enhanced' one iota here for years. I was lucky [or prescient] enough to get out whilst I could a while back, but this is starting to have a nasty smell about it. I've seen so many AIM shares go the same way.
If we have a placing announced - and it looks indeed as if this will be the case here - what price the SP? Your guess is as good as mine, but it won't be upwards from here, that's for absolutely sure.
Just as an aside - as I can't resist! - Arminius once famously accused me of not being able to 'bungee ride' a share like Stratmin! That was his phrase I kid you not. Well! Not much evidence of ANY upwards momentum whatsoever Arm, eh! Please come clean - do you work for STGR or not? It's an honest question, I'm just curious. The amount of sheer words you've written on here over the last 2 years must now be in the millions, and the time you've spent doing so can leave little time for anything else I'd have thought. You were ramping this when the SP WAS IN DOUBLE FIGURES. I wonder how much money you've cost other people who have been tempted by your posts after doing their own research and being previously unsure about whether to buy....... But folks - he's on record here [look it up and it'll be there still] as saying "who cares if anyone else loses money." Best of luck, Greenhills
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