This closed above 0.25p for the first time in a while and we know from Twitter at least one larger holder claims to still be accumulating but that didn't stop a few selling on the rise and the MM took full advantage of that to bring us right back down to what I hope is the new base camp. Assume there's going to be more bumps ahead but the trading pattern doesn't have me worried and looks like it should return above 0.25 with some modest buying.
This is purely market makers games. The rise the other day and the two drops now back to where we were are just a game to keep us interested. So now is the time we need something outstanding. To raise the sp. It's time to get projects going and have some sort of income. I was getting really excited seeing the rise the other day and to see it go as quick as it came was disappointing. Our time has to come. We have gone years with no gains to our average. Hopefully soon. Gl all
I believe they;re fine for cash, 300k raised in may to add to treasury. Also 250m warrants above 0.24p which will bring in another £600k as and when. The last placing was structured very well with HNWI and individuals who understand the story. The Business model is to keep dilution to absolute minimum and do deals , jv's to pay for drilling and let other companies earn in to the projects. PC carried out a master stroke with EP minerals, they have a free cost project that could bring in hundreds of thousands a year. Pozz ash going the same route. The PM's in nevada, some might be JV'd off, to accelerate progress. And build value. I wouldnt rule out someone like metal tiger or another company of which there are many, eager to grab a slice of SRES as they are in a very nice position compared to they're miniature market cap. We are on the cusp of big things in the PM space. Enjoy the Ride
Free float may be tiny but not meaning to sound controversial here but surely they need a good raise which will ultimately lead to more shares in issue. I like the prospects here but can't help shake the feeling that a good raise is needed going forward. Unless of course SRES waits for payments from EP minerals before progressing in which case it's a waiting game.
Indeed - the fact the MM flipped from selling largeish batches of shares (4 mil) at 0.26p into bidding over this amount for shares, the free float estimation, the prospect of news on multiple projects and the background licensing revenue to start next year - all looking so much more positive and a very different feeling towards SRES than this time last year.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.