Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Nickel called it right, sp bounced off rising support. Now we need to see if the sp can get up to 14 and try and break the falling wedge or break support and drift lower.
You know when others can only make it personal they are the ones who have troubles :)
I like to keep it strictly to the markets. Thanks!
Nickel... I certainly hoped you have had put ur houses down... or just empty guess trying to join... ;-) either way I have loaded more thanks to the market ;-)
well done !! whats the gangs next trick? get on the phone and boiler room a few grannies outta their savings :) bottom feeders eh what can ya do ???
@Nickel_Investor
coming back again
ahh.. who was telling me that my call down to the 10s/11s again wasn't going to happen.
It happened!!
Eight out of Eight.
hey nickel back to the elevens !! time to switch on RAMPING MODE lmao
A twitter response to JB:
@sarfraz_nazir
"Obviously its nice to be able to sell at these prices, trash the price for your loyal shareholders and then act a saviour and buy them back at 5p. Double standards."
Market makers will picking up a lot of it and simply re-selling on for profit. That's easy peasy for them when managing the flows etc.
As I said, no TR1 confirms it hasn't been going into one entity that's simply been holding it.
no TR1 = an army of come back...
So what do you believe is happening to the share Nickel? I appreciate the lack of TR1’s is confusing but surely you do not think the shares are being picked up at 20,000 a time by retail punters?
Nickel_Investor u going to sheet on ur foot soon ;-)
OMG Stoop that is massive massive news, I may well have to add more. Stephan, Roger, in the best interests of the company, please leave now.
Thing is if the 1% was going to someone there would be an RNS once above 3%... there hasn't been.
Kept I think I agree - JB has blindsided and frustrated me no end but I do not think he is stupid or that his pride would have allowed him to sell at a lower price than he could have otherwise achieved - overall. With regard to the irrevocable undertaking - this is nothing more than a contract between two parties - JB and his broker - the broker will potentially lose money if JB removes the undertaking therefore if JB makes up the loss they could decide to void the contract and cancel the undertaking. Personally although I can see such an event giving a lift to the SP overall I don’t really care and am not concerned by the daily sale - I am much more interested in who is buying the shares and what their intentions are.
However, our faith in Glen is very strong, and once we are sure that Stephan Wilcke and Roger Lovering have left the board, we would see a strong possibility that we will reinvest into Amigo and play a part in the turnaround.
JohnHenry - because he has to sell 1% every day and can't do anything about that. Just confirmed.
Only a matter of time
@JamesBenamor
· 8m
However, our faith in Glen is very strong, and once we are sure that Stephan Wilcke and Roger Lovering have left the board, we would see a strong possibility that we will reinvest into Amigo and play a part in the turnaround.
Judge - please, let's not go there again. It's becoming a broken record .
I have just stated the case which is a balanced view of the current dynamic. Short term - downwards pressure is absolutely inevitable... beyond that (6 weeks+) it could change somewhat if Bod members go and JB is convinced to get back in again. Only thing that could that is if very material news lands before.
Nickel Investor, Logically why would JB sell a 60% stake in a company that he founded for 90% of the value he thinks its worth. Either a 3rd party is buying too which he is connected or he is a forced seller and desperately needs the cash.
Maybe Richmond Group is in financial trouble and these sells are part of an agreement with lenders.
Nickel_Investor Slightly over dramatic head line don't you think.
WRONG nickel ! which bit dont you understand ?? he may have to sell but he can set up holding company and buy them from his broker himself !! stop de ramping lol
JB has also just advised that if other bod members go, they could possibly re-invest but that still wouldn't stop them in the first instance from having to reduce all their holdings as he can't cancel the order!!
So pricing wise... the short term bias (over the 6 weeks or so) is downwards because of the pressure to sell 1% but long term it's going to be very interesting.
i can only assume he entered into the irrevocable agreement, because he would have very strongly believed he would have got more then 20p on the market for it.
He's clearly very entreprenurial and as much as some may think, he 'threw his toys out of the pram' and now he's losing money, my guess would be that before commiting, he believed it was a favourable gamble.
Im guessing he felt stronger that to sell it to the market at 1% provided a very good probability that it would earn him more then the opportunistic 20p offered. And there is probably other unknowns that we are unaware of that went into the decision making.
NICKEL your past behavior makes it palpably clear to me and many others that you sold maybe mid 14 today and are now de ramping again lol so more than a pinch of salt with your posts ill take a spoonful thanx :)