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Note quite yet, this will do 100%
Classic dead cat bounce....
Some reasonable stakes coming in for trades! suspect this will run after lunch
Stock picking at its finest 😂😂
Sj74 goodness me you’ve got shares here and Beowulf you need help h ha ha
Fair question, and as from the start of the debacle we have been kept out of the loop as to why they sit tight. If the plug is pulled none of them can take the licenses as they will be void. Its an interesting play, as bleak as it may be at 1.3 m MCAP it is now open to mass volatility, even a 100% swing means nothing really.
Begs the question why haven’t the cornerstone investors sold? There may be the prospect of a sale / takeover and the Chinese in pole position as one BRICS country buys a key resource in another BRICS country or the yanks get in first to get ahead of the Chinese. If this was all over the plug would have been pulled. IMO and DYOR
Sj74 is a warning any thing is possible, could turn round good.
just don't gamble with money you could not afford to lose.
-Know when to take profit or check out when you invest in any stock.
Lets ne honest none of the cornerstone investors have sold, or released note to confirm, those who have sold are minnows. The MM can now play games with what's left. 04-2p my guess, doesn't change the outcome.
Real sorry for your loss, Rover.
Is is mega difficult to sell when you are under water. Psychologically is goes against your inner thoughts about losing money.
Whatever you have in your portfolio, you have to view it as Monopoly money , ie not real money, That way it doesn't feel real and you sleep at night . Join sharepickers.co.uk, with Justin Waite from vox mkts , loads of good ideas in small shares
Why is it oversold? The company has stated in the last RNS:
The Company does not believe that any of these options are likely to recover any value for the Company's shareholders.
This will move with the pump and dump crew. That is all.
We knew that this share was oversold, but I'm afraid we don't want day traders to come and pump and dump.
It will go back up gradually eventually by means of corrections.
LOL
Could go back to 2p and be totally irrelevant MCAP. The risk was priced in some time ago imo. MM will play this just like Cine!
0.48 paid there.
0.5 offer now.
Can’t buy ATM
Here comes the move
Yup that is the way in the region, licenses will be lost, wont happen imo. this will bounce but for LTH that wont matter.
From another bulletin board:
"In order to keep the Licenses and keep the projects, it must be a going concern sale. In case of Administration, contracts gets Breached, licenses and Vermelho will be lost. Hence, shareholders might be happy with 1p and Creditors take a haircut on the debt. Suppliers will get something if the project is restarted.Nickel price heading North with the Russian Ban."
Now its stabilised the mm will no doubt bounce it back to 1p to catch a few. At the end of the day its at 1m mcap here, what's 2 mil or 3 absolutely nothing in the grand scheme of things.
Agreed it does look oversold IMO and it is worth a punt at this level. Just don’t invest more than you can afford to lose
I doubt they will let it go into administration as that would mean breach of the licences, could see a low ball takeover as a going concern? At a market cap of £1m, this could be a fair punt to take for a few grand.
DYOR
Worth a punt. Hit bottom. All it needs is a some tr1 buying shares this low or a takeover offer and BOOM
They need 700 millions to finishe this building so they cant find any source of fund so then they need pay interest end of this month too. That is why this share at 038p now.
If thing good as it sound it was 170p per share now you can but a share at 038p . There was half build so they need more money to finish or abandon the project. On RNS clean state if they can find other fund and find solution there is nothing left to shareholders at all .
That is why this share down on and no hope. On project update they said on 1 May lender can demand take money from secure bank so company left without money at all as the last promise end of this mony they need pay interest or lender will action to secure thier fund.
Abandon ship and they will not pump 20 millions more to keep the light on this company as no hope at all.