Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Personaly, I think 7am RNS's make in fairer for all. What about those that work away from a desk or access to a PC.
Normally, I'ld be out of the door and on site for 9am or earlier. That little window of the market opening and leaving for work would be the only time I would have to react to a pre market RNS.
If a decision had to be made on favourable news, to either top up an existing stock or buy into something you'd had on your watchlist or conversely, sell out or reduce due on an unforseen bad RNS, then if it came during the day I wouldn't be able to make that choice. I'ld come home and find myself either at a loss or miffed that I'ld missed an oppertunity.
I don't really care what day traders, shorters or flippers etc. are doing. That's their business. Takes all sorts to make a market. I'ld even be okay with an after hours RNS, as that gives you even more time to plan for the next market opening.
The only downside to this is I'ld have to trade in the first half hour of opening, which we all know is not the best time to be making a rushed decision.
Luckily, I've been in here since before the merger and am now mostly all in here, so doing very well. :) So I am not bothered or worried regarding this share and can go about my day quite content. It's only other shares I have an interest in that I'm talking about.
Anyhoo, enough rambling and back out to the workshop in complete contentment.
Just my two pence worth on the matter.
:)
Most are, however, I was caught out recently with GDR, it was a few months ago now and I'll never touch their shares again because of it. Released one RNS in the morning at 7am to allow it shoot up from £2.20ish to £3, I went in early for a day trade and around 10:30 they released a placing RNS at 80p!!! It went from £3 to £1.60ish in a heartbeat. Thereafter, I was averaging down trying to get out at break even and eventually sold out at quite a loss. Crooks! I never really believed in them and still don't but it was a vehicle for making some easy money (or so I thought). Taught me a valuable lesson. GLA
It’s a thing that’s here to stay, don’t know the % of RNS, s released at 7am but it’s pretty high, I always fear one during the day or even after hours, I think it would cause mayhem if they were released at anytime, and don’t forget when they are released there’s tv interviews and podcasts all lined up to do, so Europe are mostly before hours and the states after hours ..
They're always released at 07:00. Does my tit$ in.
Good point Tiger. He should release them at 16.30 on a Friday to make the day traders sweat over the weekend....
CF please stop releasing RNS reports prior to market opening. A few more flippers would have been caught out if you released intra day.