Has anyone contacted Joe at Cairn re the additional shares and why the market has not been notified? Is it 3 or more IIs with less than 3% each, be interesting to know and if that's the case I bet the new MM GiMPS are involved.
I would agree a large part of the blame lies in the direction of our AAA rated board. Lets see what the results bring us. June as the end of Q2 is the month when everything is supposed to come together. I can't tell whether sales have not generated the revenue in H1 we think hence the need for the placing or whether they really are getting on with the work schedule. I am still surprised we have had no holding RNS or the proud announcement of who our new 10% holders are. If they really are institututional investors most companies proudly announce who they are. The fact that YA placed them and that was not announced previously makes me a little more suspicious. This secret activity is what is damaging my sentiment for sure.
RB40 not long too wait. The drop will have shaken out all but the long term holders who are largely exposed enough. The traders will be back in due course. Great entry price but I think people will be wary for a while as the way the last year has panned out has seriously damaged sentiment.
dunno m8,but them type of finance comp vehicles tend to make the sp more volatile. it's not has bad as Darwin or Bergen though,i just sell up and go,when them two get involved,although magp did ok,a few years back when Darwin got involved,but doesn't happen very often. but of course,makes no difference,when good newsflow,rolls in.
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