agree with Andy and richtea , until td is reached nobody knows and no news til next week id imagine gives a risk of shorting , you only lose when you sell I'm down 20 grand but been here before in other shares patience is key the 3d hasn't changed millions spent this is a higher chance than other drills ive been in , kea caught a lot out due to a shoddy bod still confident we will see something
As you say the old three card trick, DMA trade placed at 3.10 to pull it down no doubt to support short positions. I wish companies wouldn't say no news for a week as RMP did yesterday as it gives the shorters a window of opportunity to exploit weakness. If nobody knew when next news was coming they would find it very risky to go short.
Having said this the price was pumped for the placing and then the placing shares used to pull it down to here whilst short positions were opened in the 5p range, only substantive news will prevent the on-going machinations of how this stock is being played.
Dude was it you that emailed Otto? I enjoyed reading the post; so don't think I'm trying to pass any blame; but it was Thursday the SP went to 3.75p and when did you get the reply saying that RMP's RNS would only be an update in Drill depth? I feel that this coincided with Short sellers cancelling orders; realising that Otto was correct and reopening their Shorts as we are back to the same SP we were last Wednesday. I could be talking rubbish, but that's my hunch anyway
Thai, i'm not saying I don't think (and wasn't expecting) the price to be higher at this point. I've been very open about my expectations and how the drop in price has taken away my planned de-risk/trading strategy and this has now become a pure investment hold for news....or gamble as some would describe it! My point is the current sp doesn't make any difference to the fact we are due news within days and I certainly don't believe the market has information that we don't know about. The price is out of my control, but my investment decision is within my control and I'm choosing not to panic or get wrapped up in the conspiracy theories being thrown around as if they're fact. Ps, your updates and insight have been appreciated, look forward to any more if/when you can divulge
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