This isn't a share for day traders based on newsflow. The business model looks sound as long as they are pulling more assets out of the ground at a faster rate than it costs to run operations. I cannot see a major downside Snotty? Past performance of a mine is not necessarily an indication of future performance etc.. Etc..
As is common in such situations, after delisting an informal buyer/seller matching site was set up, I believe when the stock was about 2p. Basically anyone who hadn't sold in the market had to scramble for pennies.
How anyone can imagine a diamond junior with a market cap now approaching single digit millions will be able to raise £110m to fund CAPEX is beyond me, particularly in the current macroeconomic environment. In my view the most likely endgame is that large institutional holders, perhaps having added to their holdings in the past many months as the share price has drifted south, will take FDI private, as was NAD, leaving PIs to scramble to sell for peanuts in a gimcrack matching system. That's often the way on AIM.
Well done Red Hot Penny Share.Now down 95% since you recommended this waste of space.I don't think recommendations come any worse than that.Might as well through a dart at the pages of the FT.Couldn't do any worse.Might as well through these in the bin along with their other recommendations,ie=WET,PHE,PPIX,CDC,PLE,etc,etc.
Most of FDI shares are held by institutions so why are the MM's driving the SP down . Is it to fill BUY orders by these institution who probably have the results of the last auction . Or is it to create a market since trades on the FDI share side have been pretty dead for a long time apart from the large BUY's of a few months ago . Alas time will tell and as with so many AIM shares the tide can turn quickly trapping the bears whilst rising onwards and upwards to new highs . Hope you can share your reasoning for having an opinion of a weak SELL ..... Jollyspeculator since the RNS's and all news available to Pi's doesn't warrant selling for no good reason .
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