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Seems the seller is dealing in 20k blocks now (Is he running on fumes???)
I'd guess volume is drying up because they are holding the price. Need to let it go one way or the other to stoke up interest. Given observations of L2 it could reinforce the view that they are transferring to another ii and want to keep the average down?
Makes sense James as theyve killed the market at present, zero buying.
where have the buyers gone, seemed plenty yesterday and tuesday very strange action today
RNS out - HSBC has increased its holding here a bit.
Great news, but still looks like a relatively small part of the jigsaw. More to come soon?
Another RNS - Pendal Group has increased its holding by just over 3%.
Pendal group increasing holding thats very interesting, last time I remember Australian company taking shares in itm, a UK hydrogen company and share price went from 60p to 600p, not saying it will happen here but igas has blue hydrogen project and geothermal project with oil and gas, its all looking very interesting given sse will be working with them
very quiet this afternoon. 18/18.2p
So quiet I'm nodding off ZZZZZZZ....ZZZZZZ Volumes gone and big seller still going at a slower rate IMO. 6 positive RNSs in the past two weeks, revenues approaching 2018 & 2019 levels, oil and gas prices soaring, credible partnerships for diversification into deep Geothermal and we're down... I'm normally patient, but thought this one would take off quicker... I still believe in the fundamentals here.
there was co-ordinated selling from the open lots of 20k batches, how much does the seller have left cant be too many if the TR1 yesterday was 4% from the other day
4% is still 5m shares which is a lot of 20k's, but it does feel that we must be getting close to that number as there were a few 1/2m bundles. The only question is whether anyone will remember all the good news by the time they are done?
Seller is drying up and others buying , look at rns, once finished it will move rapidly
Yes L2 suddenly looking a bit healthier