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Was hoping yesterday's rise would be supported by an RNS this morning. Mcap still only £1m and only 100m shares. Interesting day ahead (I'd say dip on open and recovery later on)
In the absence of news it's a bit of a gamble but as many of us have seen in the past, getting in early ahead of news can be a very profitable move.
I just hope we get a reason for yesterday's rise in the next few days (someone knows something)
im not worried about day to day its all about the end prize high risk but high reward
Difficult to call....we know that stocks at the top of the Risers board (that spike on no news) are often heading up the Faller board the next day. Or it might continue its rise....
History mainly,,,the posative people expect good news,,,, the limit of end of the month has been noted on an RNS,,,, 2 weeks before,, up 100%,,,, based on what,,, sentiment,?
everyone piles in,,, the MMs make a free 100% on the up,,and another on the way down,,, loads locked in,,,
so many times,, baes on nothing
puta why do you think that ? have you seen the ideanomics website where the ceo is bruno and it says deal to bring metals trading platform and exchange as part of a deal
drop like a stone
There’s a buy out deal imminent, with news likely before 12 Sept. Today’s rise might be driven by news leaking that the deal is done. Either way, there is a transformational opportunity for the company in developing a metals trading exchange.
after a great rise today does anyone see this falling back down? just looking for the general feeling on this stock going into tomorrow and the rest of the week. thanks
anybody else seen that where it says MEG signs strategic partner agreement with province of inner mongolia for new energy vehicles and metals?
Deal includes establishment of innovative new energy metals trading platform and exchange
nice 400k shares after hours too happy days hopefully push on tomorrow
I missed them Surginater! By any standards those are major buys for a company of this size. My best guess is the SSSIG deal is finally over the line and/or a partner has been identified to help drive the metals exchange forward. The latter would have an eye-watering effect on the SP. I would expect the former should take us to 5p anyway. This isn’t a stock with a habit of spikes or pumps and dumps. Plus, it’s under the radar of many on these LSE boards and more generally. So my instinct is that there is something real behind today’s doubling of the SP.
Wing there was a 17k buy at 10.30 1m shares and an 11k buy just before it
On more important matters, I own 0.1% from my small investment. Might push for a Board seat :-)
On a serious note, this is looking really exciting now!
There was a £10K buy this morning just after 10am. With the tiny MCap of £1M that was 1% of the company.
I dont think the BoD are permitted to buy shares due to the pending announcement. It would certainly be a case of insider trading if they bought a few grands worth to see it rocket the following day on RTO confirmation. I am sure they will do fine out of the deal in the long run.
be nice if any of the BoD buy some shares...
be nice to see if any after hours trades
News due on terms agreed regarding an RTO involving Seven Sun Stars Investment (Bruno Wu) with a view to creating the first precious metals trading platform (London Critical Metals Market) - "The Ebay of precious metals".
Institutional investor (Monecor - who specialise in trading platforms) have already taken up a fair chunk of shares and there are very few left for retail investors. Hence the quick upward movement today.
Potentially news on RTO terms has been leaked as its been pretty quiet here for the past few weeks.
There are no RN's so what has brought about the huge rise in the SP? Can anyone please help me out?
Unable to get buy quote on ig
Okay will have a look
Live prices at investing.com
Where did you get 1.85 from at that time?
Back up to 1.85p. Quite a day and so much further to go.