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Exactly Rookie, the bid was dropped down to 2.75 (which was strange as I could have sold 500k at 2.82 earlier) despite no selling and the ask slightly dipped to 3.19. Because of zero activity today, the closing price was mid price at......... 2.97p exactly which was fabricated to close under the psychological mark of 3p to portray some kind of weakness, which of course is false.
Probably still big buyers and that’s why they are keeping the brakes on us.
We will soon know if that meeting in the US with the banks rumour was true or not.
Either way Cameron backing the falklands and sea lion pretty much a goer means it’s just a matter of time for BOR.
If there is a good profit to be made then surely there should be buyers at just over 3p .
I’m having a good laugh at the trade activity today, or should I say the lack of it lol.
It’s like a Mexican standoff, nobody is selling at this level, and nobody is buying either lol.
Fun times :)
Be nice to get a bump up this afternoon and break 3p.
I couldn’t tell what was what all day. MMs played a cracker at keeping us on our toes!
Very, thought it was going stratospheric at one point this morning.
What a strange trading day......
Rpoodle, every old timer on this board has seen this before, many times !!!
That said. It has to sink or swim at some point and I think it’s a smart buy. It’s looking better now than it has in a long time.
Let’s see how far it goes.
I must be mad but I bought a few. I’ve seen this kind of activity before, and it’s often accompanied by a (short-lived) price increase. Any meaningful news would be a mega bonus, of course…
Thats when you sell BET YOUR kicking yourself trading RR AT A POUND APPROX
4p isn't far now....IMHO
Hi Jam and welcome to our board.
The short version is none of us know exactly what is going on, but it’s clear from recent activity that something is happening.
The major indicators are the CEO resigning and being replaced with someone with experience in finance, and also the Calgary boys reaching 10.2% holding on the same day.
Add to that the significant increase in share volume each day at over 1m per day with large sells being scooped up off book and you have a clear picture of significant company activity, which I expect will be made clear quite soon.
So that’s it in a nutshell.
Hi Jam and welcome to our board.
The short version is nine of us know exactly what is going on, but it’s clear from recent activity that something is happening.
The major indicators are the CEO resigning and being replaced with someone with experience in finance, and also the Calgary boys reaching 10.2% holding on the same day.
Add to that the significant increase in share volume each day at over 1m per day with large sells being scooped up off book and you have a clear picture of significant company activity, which I expect will be made clear quite soon.
So that’s it in a nutshell.
MM's trying to keep a lid on it. All the smaller trades are a way to get shares without buying in a huge single trade. The buyer is trying to accumulate without sending the price up imo.
Something is brewing in my opinion. This isn’t the first time BOR has done this though.
5p resistance will get tested soon imo.
Hello.
First time I am posting - please go easy on me.
I have held and watched this stock for a while and I have never seen the volume of trades that I have seen this morning. Could someone explain what is happening in simple terms and perhaps what it means too?
Thank you.
We are old enough to make our own judgement, but thanks for sharing it
And I hope it's true.......IMHO-DYOR
Hmmm, forgive me but I take posts like that with a huge pinch of salt, for all sorts of reasons....but it would certainly be nice if true.
BOR their bankers and their brokers have been in the USA discussing a farm out.
Will try and get who the parties are.
Interesting times ahead … it’s about time
Hey Rookie- BOR doesn't do technicals and neither does 99.99% of AIM stocks.......
Ignore mate. It's all BS- we aint BP......... FOR NOW.
3.3p is resistance on the TA and then nothing until 5p.
We could be half way there by the end of this week Phil. ;-)
Happy to remind you of that Rookie.....lol.....but hopefully will be in a good way.
There’s not a doubt in my mind this will be back in double figures within a the next 6 months.