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i did say pull back on Friday. close to 8p on the bid now. good op. for traders that sold to get back in after a 50+% retrace.
For this to get back to what I would call a true price the shorters need to disappear.
I’m invested long term to sell once they have gone. This may rise but it won’t fly up while they are still around.
For me if you’re worrying about the share price on a day to day basis you’re being too short sighted for the stock market. While they are here the price is not the issue.
No, because shorter scum always win. Every time this has risen they just batter it down again.
mid-day auction. UT 8.35p
i thought it would pull back to this level.
Leem you were saying 6p then 5p a few days ago. you got that wrong didn't you. what makes you think you're right this time? Baron has this stock pinned on his twitter page now with more coverage due soon. he has 8k followers.
Shorters will have this back to 7p soon
The dip is being bought into nicely, let’s push this baby up now and scare some shorts :))
If you’re looking to short in a big way - the ideal scenario is to do it on a company where there is an obvious big seller (Rowe) and fairly low liquidity as it always causes the share price to overreact. Operationally I don’t see any major problems? Of course there is risk - hence trading at the current level and such a big discount to NAV
Not ideal but often see this refinanced - especially with the life of mine and reserves/resources. Look at the oil cos like Premier which were hammered during the period of low oil prices (high debt, concerns over covenants etc), and look at it now oil has recovered to some degree. A lot of resources cos have to spend large amounts to reach production so carrying large amounts of debt isn’t uncommon. The gap between NAV and market cap is also very large. Lenders also seem to be onside and supportive - credit facility wouldn’t be available if they weren’t. All comes down to the diamond market showing some sort of longer term recovery though.
50% retrace from the 7p-9.5p move up. was that the final flush at 8.25p? i bought back some more to trade with.
looking a bit better now at 8.40p on the bid.
If you’re in for a recovery play then that is going to happen over time - personally just bought and hold, not trading it, as see potential value from these levels at just 20% of NAV (including recent asset writedown)
Well, i haven't sold a bean (more fool me) so will switch off today to avoid watching the carnage. This will bounce again. Good luck all.
Clearly not! lol
Spot on colonel. It would have which is why I held. All I wanted to do was get my average down a bit. Could do with a bit of luck. Still fancy this longer term
Colonel Drake. just the man. Any technical words of cheer here to remove the doom would be appreciated. lol
Still furious with myself I didn’t sell in 9’s as planned. They always sell this down every time
Sold remainder this morning and hopefully buy back later. Can’t beat them join them. Only recovering losses and can’t by purely holding
Be adding more drop in 7s
Guess shorters want 8 today and then 7 test next week. At least it’s easy now to figure how they work
These shorters are mighty persistent. Credit to them for that. I'd of scared big time by that rise the other day and trying to figure out how to get out...
Goes to show that the smallest bit of positive news could have major impact on SP. Hopefully we'll get more of a push at the JP conference next week.
here's hoping for a blue day.