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Thank you for all the below posts. I really like this share and has been one of my better ones during the pandemic. It just seems to me that around 2.50p is the ceiling at the moment but if we get past this.....
I too find very frustrating to see the retrace here. Can only assume the price got too rich for some once 2p levels were reached and that triggered a few to sell which drops the price which triggers more to sell etc etc. Newsflow has been excellent and improving, markets are generally positive across the board and recent risers are still holding/gaining elsewhere. This one and Skin seem to be under pressure and maybe just maybe there are just too many cheap shares out there being sold back by whoever knows. I hate these yoyo cycles as they can damage faith in buying to hold instead of just coming in and out for a quick buck every time but of course that is MMs bread and butter so maybe they like it like that, more trades for more fees suits them nicely. I just don't know any more.
GJ, there is no negative RNS all as of late have been all you could ask for as a holder, yes amazing hence the more frustrating it is, the results due are last year and bare no relevance to us now so anyone who makes a decision on those shouldn't really be here anyway.
I did not mean it will go back to 1p and the trend is up regardless, but even for the nice trend to continue is still a chance could drop as low as sat 1.3p because its part of it, but it will recover ultimately to above any recent high, look you cannot say what the SP will do, this market is wild right now, not really realistic in general across the board.
Thank you pawnsacrifice. Given the COVID-19 situation, the reforming MWG is in the right place at the right time. The SP / mcap is inexplicable.
Please can you clarify what you mean by "These have just had the 1 share trade go through"? Apologies if I am missing the obvious!
Thank you!
Mr T
Been there too MrTrotter, hope it all turns for you soon.
These have just had the 1 share trade go through. Not sure if its significant but its happened all the same.
ATB,
All recent RNS are amazingly positive. Somebody posted a brilliant timeline of positive news yesterday if you look back in the board.
The slide in SP is simply because I am a holder GJ2020. No matter how exciting the prospect, anything I touch seems to get hammered. Unfortunately for you all, they don't release an RNS for my shareholdings. But it is seemingly price sensitive information.
Just trying to work out why this will go back to 1p, now sure which RNS has the negative news.
Tia
Is there a link to the RNS please? Cant find it.
Gla
Argy, fair comments and yes true.
It's sad to see an experienced trader adding personal sentiment to trading decisions, after all, if GB et al hadn't come in for the company, you'd have been left holding nowt at all. Remember they weren't queuing up for the opportunity!
Glad I got rid of some yesterday, had a bad feeling and usually it's right, I'll buy them back at 1p or leave what's left either way.
Joke share performance, screwed all of us LTH with your garbage placing to get the business cheap anyway after leading us down a garden path regards an asset sale.
As far as targets go the mcap has now exceeded all of our original targets just diluted so bad people don't see it.
This SP far exceeds the previous 9-10p now.
Yesterday's RNS is now available on this website. Annoyingly shared a day late, and this is not the first time.
P.S. Thank you Sloppy. :-)