Worth noting now the MCAP and Shares in Issue as described by LSE has now been correctly updated, Range has an MCAP of £77.95m and LGO has an MCAP of £89.38m. Cantor’s 3.7p Target for Range would give a MCAP of £183m or so, is this justified, I personally think so if you look at LGO’s current MCAP and the size of our Trinidad Operations compared to theirs, our acreages in Trinidad, etc, etc.
However interesting i find CH's charts, i find that this stock in particular defies all normal trend analysis. And of course, charts cannot take into consideration future news, which it what causes the massive fluctuations in price..
Is this not a self fulfilling prophecy however, people are looking for a message in the charts, therefore they find them, someone crates an algorithm to seek these patterns then initiates a buy when they occur and thus everyone believes they mean something when it means nothing?
I researched massively into Charts years ago when I first started investing in AIM. Over a period (I don’t day trade) they didn’t exactly work.....
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