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I agree the volume is more than the usual trading silence - which mirrors the company comms, surprisingly :)) - but there are still million of shares out there, versus the few hundred or so we have seen over the past few weeks.
Teaye - it's not very little volume for us though. We've had days and days where there have been no or a handful of tiny trades.
I said recently you could see a small but noticeable tick up in volume, on no news, with numerous trades of round figures. Much like today.
The way the share price has gone it looks like a placing at 10p.
The other reason (possibly is if one of our investors has dumped their holding) leading to a holding RNS.
that has leaked.
Unless we have some large trades after hours, I'm going with a MM bluff...
Sorry all the mining equipment.
All the mining back into service, an extra excavator in service plus the need for extra haulage, says to me that coal production has been continuing this month, if something has gone wrong with nil production then that would be or could be the reason for the drop, if that is not the case then with the cash in the bank and coal going out of the gate we should not be at this level. In the next 3/4 days we should have the answer. I don't think the results are the cause as it is no secret that they can be nothing else but poor.
-21%... on very little volume. MMs spooking people...
Feeding frenzy on fear. Wouldn't be surprised if the results are positive and the noise is just a distraction.
Guess we will find out.
Down 18%...
Clearly the market doesn't like the noises coming out of Edenville, even is those noises are abject silence.
I don't see us going bust. We have some money.
But I do see a discount placing on the horizon sold on the back of more investment, sorry, throwing money at trying to expand our output of coal....
It's got annual results, post close update and discount placing rolled into one RNS written all over it.
I can hear her warming up in the wings
I totally agree the signs are dreadful... but it ain't over till the, erm, lady sings...
4th May we were 22p, today we are 11.75p.
The last placing happened at 25p
Now tell me something isn't right behind the scenes.
I'm expecting very poor results
Negligible output of washed coals
Whole scale board room changes
Potentially suspension
Not sure Tony Buckingham and Nick vS will want to be associated with a company that goes bust for incompetence... I would hope the light isn't quite out yet.
I'm fearing suspension at the moment, not sure if the results are delayed or something else but the share price is indicative that all is not well here.
I'm expecting a lot more sells over the next couple of days at this rate
Not much more now until this goes under. Another £20k down the sheet pipe. I have to learn and not invest in garbage like this