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Why aren't all those overwhelming buys in last couple hours moving the SP?
Agreed....
Snowman, consolidation at each level is normal. Few worked buys/sells going through. First run at 2p today and similar to those at 1.5p, there will always be sellers at each level but it just allows new positions to be taken. The news front is stacked.
Tidd,
You have been quiet of late?
This has been an exciting run over the past few weeks and I think difficult for the mm's to get a handle on where we are going, hence the p/m extensions today. The sp then seemed to settle for most of the day again showing up at the close. I agree the same happened at 1.5p tried to break several times without success then finally pushed through. There wil be people taking money off the table here along with initial investments etc to de-risk but the good news is, more buyers are coming in to mop up these shares. What we do not want however are too many day traders, that causes too many spikes abnd then the inevitable collapse!
However I believe we hacve a different scenario here, as you say, news front is stacked and from what we know it's stacked with what can only be positive news. However it all depends on where the sp is when that news starts to arrive and what the market feels is a true valuation based on solid news?
So steady as we go the higher we can get pre news then that could certainly lead to a charge much higher, caution though as that could also lead to larger fall if the news does not live up to expectations. I believe it should and will based on the information currently available, but as we know, individuals need to watch carefully.
I've not sold any as of now, however I will review on a daily basis.
Mr T
I will take another blue day despite nearly having a heart attack this morning .. this is moving into life changing territory .. GLA
wearable health monitors have been required last few days, various alarm sounds provided
Hey Mr T, hope you are well? Indeed I have, just been busy with personal life so took some time out but getting more time now to refocus. I agree with what you said. The rise we have seen has merely corrected the company valuation which was previously priced to fail, all signs are pointing to a strong performance for 2019 and the new board are clearly delivering and completely aligned. Despite the recent rise the company valuation hasn’t run away with itself. The significance of the project, with all permits in place and offtakes and financiers all currently in discussions with fresh deals coming to the table shows the key importance and at a national level. The only company of its type with PCI status and backed by the UK guarantee scheme. The closure of Rough and the seasonal rises in natural gas couldn’t have been better timed to perfection to make a perfect storm.