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very possible indeed lor_9 .. 10% turn on a big enough size participated in at placing for a few months exposure may well be appealing to some.. and that type of taking a small turn and moving on strategy is used by some as a rule no doubt.. independent of fundamentals.
One way or other, this is s/p has been and remains - very - hard to get moving up.. and may alas remain so for a good while yet.... unless they can get new good size buyers to participate here.. publicity /marketing may be key to that..
Don't you think it's likely that it's just people/companies that participated in the placing that are flipping stock into any rally? High net worth individuals get exclusive access to discounted placings and then sell for a small profit, then repeat at another company. I know it is unfair but likely what is happening here.
This s/p should be higher than 32.5p now.. even including the dilution, given the resource understanding now in the public domain versus previous understandings.. it should be over 50p easily now for eg .. all imho..
Fully agreed madsktpan that the selling would not be from the companies officers holdings.... and seemingly it's no longer James Huddleston? ( previously his sales into any buying volume, over some time, were the issue, granted.. but now others here have posted that he seems to have stopped selling as a rule, so we're looking for another 'culprit' )
Any such selling would not be illegal and could of course be a little complicated to get to the bottom of.. eg a holder here allowing their stock to be constantly available to a broker towards having them sell some stock into any rally that starts, each time one starts... towards stopping rallies in their tracks as a goal.. to me any holder of even one per cent or two of the total shares here - and under 3% declaration level for eg - that has any sort of - not very obvious for eg - alignment with a third party who may be considering an - in due course - bid for this company could easily be purposely looking to keep this share price as low as possible for as long as possible ( ps I think its naive to say its just the value of the assets that determines a bid price here tsb1.. eg 100p a share bid versus an at the time s/p of 35p is more insinctively appealing to more shareholders than the same 100p bid against a for eg an at the time s/p of 70p imho)
I'm not saying, nor even suggesting, any manipulation is being done by "coming from the Company". In fact I'd be staggered if it were and don't believe it for an moment. It would be against AIM rules & regs if not downright illegal.
I'm only stating facts as to the sp performance for many years now (at least 5-6 years) would tend to suggest something very odd is going on relative to the news flow & potential & company value.
Yep - also frustrated with the SP. Its astonishing really. There was another big seller out today - see the 984k trade, you do have to wonder why they would sell today, it obvious this is going up. Wonder if we will get another warrants/options RNS tonight.
Not a believer regarding manipulation personally. That would have to be coming from the company its self and wouldn't make any sense. Why would he do an interview today saying we have already been discussing with companies etc if they wanted to suppress the SP? Would not make sense.
Most days there is next to no volume here, i think this is the problem. I mean its really pitiful we can have days with volume of 100k. So whenever there is some shareprice moving event, whoever has been selling pounces on it. I suspect much of the selling has been warrants and options. When the SP stagnates the inpatient and the line drawers move on and it becomes a bit of a cycle.
But a re-rate must be very close. It cant go on forever, I do feel more and more people are becoming interested and a lot more positivity.
Warrants init.
It would matter (and would greatly financially benefit) those "in the know" and/or close to action ahead of any major corporate action. If & when it happens. If the sp was deliberately kept suppressed.
MIichu, the price being kept low wouldnt particularly matter though as any deal agreed would be based on the value of the asset.
Unless of course a hostile bid was looming
I've been thinking the exact same thing as you Michu. And for some considerable time.
The sp is still effectively just over 1.5p to all LTHs. It's been mainly in a 1p to 2p spread (give or take short periods) for as long as I can remember. Perhaps 5-6 years?
No doubt the words 'manipulation' will get derided comments on here......... but it does make you raise your eyebrow why the stock has attracted long periods of consistent selling and why the sp has remained so relatively static for so long given all the positivity & evidence available that the Co should be valued at a far higher level.
Even including punchy buying, it annoys me, AM90, that this share price is not being 'allowed' motor on up.. I keep asking myself, given where we're now at in terms of understanding the extent of resource here, who would sell at early/ mid 30's p levels.. but there continues to be selling to closely match buying.. and my guess is, that in recent times especially, it's towards managing this share price to try to keep it as low as possible towards a future plan to buy out/JV of some such activity here at as low a price as possible.
Incredible buying pressure here, 500,000 shares have been bought between 33.2 and 33.3 in the past hour, must be due a move up.
https://twitter.com/jerrybobson2/status/1405081047444996102?s=21
Shareseeker - please see last few mins of the interview for answer to your question.
They last raised in Feb and now have a steady stream of income from warrants. They are fine operationally until Christmas. Sprott has a couple million £ worth of warrants I believe that have to be exercised by next June. Next funding move - could be from that.
How much do they have please ?