First off is Sefton Resources (LSE:SER) On Friday i went along to the company meeting to try and understand the company. Frankly the play is based on the expectation of results from our friend Brokermandaniel aka CEO. I feel major plans are afoot and this is going only one way UP based on historical hype in the sector recently on the horse hill play. This may or may not be justified however as an investor my job is to find what makes money.
were all sat around our table in Tom Winnifriths Real Mean Pizza (which I actually found to totally contradict the Trip Advisor opinions by the way) , discussing Sefton/Stryker! Most of the people were certainly millionaires and more and showing a keen interest in what Dan was saying there and later at the show. He was very convincing and whilst he never actually said anything that could be considered going against market regs, if exuberance, confidence and restrained excitement could be turned into words, it's no surprise m any of those attending either topped up or bought in yesterday. For most of the people I was hob-nobbing with, £65k would be peanuts!
There's more interest in this than many of you realise and when it becomes clear who the new CEO is, I am sure we will all be then wondering why he would be attracted to a cash shell with a promise!
it really doesn't matter. somebody bought big and there can be many theories behind it. I know we are all excited but in my view we are speculating a bit too much and there is no reason to do so because we know that facts are coming and based onfacts ew can actually speculate with a little authority. All the guesses when (if) we will reach 1 p or 5 p is just that, guesses and if they are made to lure people in here I would prefer they weren't. I want to see the big spike when news come, not before it come and the more we build up expectations before it comes and get people in here the more risk we are taking that some or may might leave of the news is good but not earth shattering. I wouldl ike this share become a real mainstream successful one based on an ongoing high produing, high profit company and if that is to be so we must get away from treating it like a pump and dump share which it has been foe the last 5 years or so. Obviously cant prevent and not even trying to prevent anyone form uttering their opinions but just please understand that no one has any information upon which to base an estimate of what the share price could be in the future. At the moment we are where we are purely on sentiment and that has give it a 400% rise from the bottom which is fabulous. I believe we are getting close to the top on that basis alone, maybe a few points more, but then within the next few weeks we will get news and we will then be able to truly assess the future of the company and the SP. GL to all!
Do you know his worth? Large shareholder could be 5m shares which is around £11k as of last week. It's pure guesswork to say he had bought £65k of shares. No one knows. As below, ask him if you want. I'm happy to be proven wrong.
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