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Hey All
Thought I'd join the party
too good to resist this morning :)
dfs rns sorry
I just topped up again at 25.69, thanks all for selling your shares!!! My confidence in the BOD is even greater now.
For the conspiracy theorists a couple times in past week random trades went to 18p or the charts dropped suddenly to 18p. Someone on telegram posted a chart showing as such before the disaster RNS.
We all noted the share was acting odd fixed at 29-30p and this one guy sold in one transaction. After the DNS RNS we sailed up 15% then dropped right back. Like it triggered something. And AC was most closely associated with WK too and had separate holdings.
I like the theory he was shorting gamestop and the orchestrated PI short squeeze made him have to sell! Which is getting heavily investigated by the feds by the way.
Anyway these forms they use need clearing up I'm sick of all this 8.5 8.3 BS where people write options or short and don't even write reducing short. Even the date range is not knowable I imagine he thinks if it's near enough nay bother.
I think they all need a box adding:
"What the F is really happening here sunshine?" or similar
I still hold long and strong anyway I will never be party to the shenanigans but can ride on the coat tails.
If this had all come out as one RNS saying old orthodox Russian insti buyer at 29p, no doubt we'd be high 30s by now.
Tilly yes it was a 27 million sell/ buy transaction but the market perception was a 27 million selling from a prominent figure which triggered a sell off and stop losses causing more supply in the market a drop to try and get demand pick up
San
San
Morning Tilly,
What p is sed me off most what that I’m trying to have a dry January and had to break this with yesterday’s noise by having a rum or two!!
Just to be Crystal clear
The share transaction was purchased by Veles at 29p - 27million
He has no intention of selling any other stock
therefore - the previous Mia trades over recent months identifying accumulation & being mopped up by the ii still stands & as noted on the hourly updates .
ii increasing there positions weekly not reduced & perhaps gained some more cheap stock today .
The stock as predicted by many including myself full reversal after these manipulated shenanigans & the info posted by many decent posters on here is factual with zero agenda .
Where are all the gob****@s from last night what these bozos forget all can read & read back to identify these toxic so called investors .
Massive Rums all Round
Wow that was a strong response. So I will tell you why it will drop significantly. Take yesterday on the sell off of 27 million, the SP dropped 38% was it. The markets work on supply and demand, meaning yesterday more supply than demand for the stock. In order for the market makers to create a harmonised market they dropped the price significantly. Now imagine no sale RNS, which i believe won't happen by the way, there will be a mass dumping of stock with nobody wanting to buy against volatility and also to want to wait for revenue generation years down the line.
San
Sanboy, I can’t even be bothered to show a counter argument to your drivel , get some facts and swallow them mate :/
Agree to disagree. Personally I believe the SP will plummet on no sale irrelevant of sinosteel as the whole mining process will need to kick start which takes years. You can't value a company at 800 million on oz in the ground that will need significant time to dig up. The reason why the company that shall not be mentioned is over 1 billion mcap is because they are 2 years away from actually getting stuff out of the ground and selling it. Check out SOLG also, they are at an advanced state on 800m mcap and finally OMI just starting the journey with 50m mcap. Eurasia will need time to get there
San
incorrct sanboy the sp atm doesnt even reflect a mine it ourselves scenario ! been muted sinosteal would pay between 25p and 40p a share dividend if we went that way ! don't know how true that is or not but the BOD has multiples of options all of which value this company at multiples of where it is now ! My view only , as for over exposed agreed but only if you need the money short term! if its one to two year money its safe imho bol
Wolster you are 100% right although the RNS has settled it back, this is very poor showing in not notifying the sell so that it could be communicated appropriately. There is a lesson here for all investors, if you felt sick on that drop and were getting worked up yesterday, you should really assess whether you are overexposed here. However much you want to sugar coat it, this is a punt and the SP value is solely on the sell off.
San
Shezer & all
Well done mate
Hope all genuine invested shipmates managed a fist full to ease the pain .
I managed 18k - used my tosspot as dry powder got 17-18 as damage limitation .
Sorry, clearly doesn't like images so replaced with question marks.
Well yesterday stopped the boredom. interesting to see and unfortunately brought out the worst side in a lot of people shame on you.
Micro update -
For all genuine investors
Volume - 26 million - absolutely huge
Mia/ median trades - 4.5 million - enormous-
Vwap 26.8 - being dragged north on the buying - median sat 0.5 points ahead indicates Blue sailing
Just to note -
ii have been increasing positions via the Mia noted on the hourly updates by JT & myself - none have reduced only increased in recent months .
Offers still on the table & FSP ongoing .
Nothing has changed !
Well done holders. Christ this is a rollercoaster I’m looking forward to the big rns more than ever so I can concentrate on something else in my life ffs
????????????
Warning shot across the bows, just shows you if any of the bod need funds quickly. I still think he shouldn't have been allowed to do that, git.
NICE ONE STIX40
Having reflected on yesterdays drop and deciding it was overdone, I put a buy order in last night for 20000 with limit of 20p, 2p above the close. Needless to say it wasn't filled ! Hey ho.
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Gecko - I was waiting for it to dip below 28p to buy more over the last few days. I bought at 18p yesterday as I have faith in this. Still tempted at this price though.
Tillywhiz just a decent Yorkshireman plying his trade honestly, being the most popular poster on LSE at times.
Such hate from the shorters - nasty little festering botflies. Society's bottom feeders.
Bod
Well that was an interesting 24 hours.luckily i work nights .so slept through most of the excitement! Be a good time for a sale now bid !