I'm not sure about the MMs, I think they are just slow to react to what's happening in Sweden. Two days now it's been easy to predict a sharp rise here before it happens.
Like you I'm delighted that all the action is happening in Sweden. I spend far more time looking at what's going on over there than here. Maybe the 50% ownership thing is a myth but it's beginning to work out that way so who knows. Either way, Swedish confidence is the project is crucially important.
Another interesting day with the Aktie up as high as 11.27% and the AIM up 1.22%. This might upset some folks but I thing it's wonderful. Yet another example of our amazingly crooked MMs feathering their own nests.
The actual situation is that with the current SEK / £ ratio the AIM SP should be 8.8p. So why is it not. In my humble opinion it is because the MMs are holding our price back so that the can keep selling SDRs to the Swedish punters and making out like burglars. They are doing nothing to encourage buying here and move the SP up on the AIM. I think that this is wonderful as with the current Buy/Sell ratio on the Aktie somewhere in the region of a million shares must have been shipped to Sweden over the last few days and we must be close to if not past the magic 50% Swedish ownership
The reason I think this is great is that the market here is now so tight. With very few AIM punters giving up their BEM shares the rise when the announcement comes could be much bigger than I anticipated. I said a while ago that I thought that the spike would not reach the height of Mullet man's spike to 70p. I could now see that being reached.
All of the above is of course just my opinion and I could possibly be speaking from the wrong orifiice, something Mrs44 often accuses me of. We should know in the not to distant future if my old and knackered body hangs on a wee while longer.
All the best to you and all of the old faithful Bemmers.
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