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As predicted earlier. This week had to be the final flush. It was and the reversal in the price suggests buyers now stepping in to push this higher.
Well done to those who topped up and held through this downpour. It’s now time to rise from the Malawi ashes. Next week should be fun. Expecting blue from the off on Monday.
Tic…toc…
Well there is most certainly something cooking here - bizarre trading.
Steady as she goes next week I think
Back to the 24-25p+ range
Seller (the one we suspect) should be out shortly, two large trades of 470K and 330K likely a single entity taking at least 1m you would think, should clear anything left
Onwards and upwards, back into the 30;s by the end of May!
Bought more shares today. Am now fully loaded lock stock and sampling plenty of barrels. LFG !!!! Whyte to ko fury round 9.
what are you talking about???? of course there is a buyer...duh. every trade has a buyer and a seller. move on. no one on this board will sell you their shares or buy yours based on your ridiculous posts
200k. 250k sells. Today seems like a final flush.
20p holding. Deal has been agreed at 20p and these are 100% being accumulated by a buyer.
first its 17p entry and now its a big buyer. deramp when ur out, ramp when ur in...
as i said earlier, once watever is lurkin in the background (cash requirement is the key question even by longterm holders like MM) is out in the open the SP can move on.
Will she, won't she? :)
There is no way the price could or would have held up the way it has unless all the sells are being bought up / order filled. On a normal day we would be going much lower but it seems 20p has been agreed by all involved. It’s my opinion that we move up from here. If we were going lower then by now we most certainly would have. You can’t be putting 100k-300k-400k sells through and not moving the price. Something big is afoot here.
watever bit of news is lurkin in the background just needs to get out there. it the uncertainty thts damagin imo.
Still holding this stock. cant understand why the price is down as we have done all the things right. Great opportunity to add more here.
rather than the idea of a forced seller I am wondering if there is not perhaps a disbursement of shares happening as part of some undisclosed business arrangement coming down the line. it would be nice to know if the large share transactions are coming through one or more brokerage houses
You may be right ; i am just always nervous of companies wqhen cash looks to be running short. i am sure something has to happen ; my fear is a discounted placing, but we DO have, I think a very desirable project. As ever, we shall see....
cristal, I wondered if that might be the case, but there was little in the figures to put a handle on it. But it will be rather more than just G&A ; metallurgy, feasibility study, etc, the NKALONJE HILLsampling, all cost, s do the various Hypromag and Polish commitments.
2 Quarters at $2m per q, at a bare minimum is my guess, leaving just a quarter's worth of cash. Dyor, please, that's just how it looks to me based on such sense I can make of the Nov 3 release.
Historic cash burn figures from 2020 and 2021 are NOT RELEVANT - they were completing a large drill programme FFS. currently sat here idling, with just overheads etc.
The BoD will not dilute at a discounted price when they have rich backers and investors lined up
Director topped up £700K in the last one at 24p
Talaxis own 33% and have already put in £14m+
The last RNS stated we have investors circling
The last time the share price was 20p we did a placing at 24p and it traded at about 27p on the day
So it is certainly not all doom and gloom if we need funds
Where do you get that assertion from?
Cash strapped eary stage miners are almost always at the mercy of the market when raising. Potential farminees oft use this as a bargaining chip, too. Raise at a premium is extremely rare.
They can easily raise at 21-22-24p today or tomorrow. That’s not the problem. Banks and investors would rush to give them cash.
Problem is who the f is selling like a mad dog. So far 600k + shares dumped. Hard. Who the f is it ?? How many shares do they still hold ? No TR1????
All buyers want lower :)
Not sure what to make of the 20p action myself. Certainly not bouncing hard from it but also seemingly taking on unlimited amounts of sells, who knows ...
??, why lol,Larus?
The last RNS showing any cash figures was 30 Nov, cash @ 30 sept. Relate that to cash burn prev qtrs (whic is all we have to go on) and it looks like there can't be much left.
Lol look a the cash statement in the last RNS. Some people on this board clearly wanting this lower
Try again in English.
Who knows the nature of these big 20p trades but time will tell I guess.
May hold 20p, but a placing without a positive spin could take this down to 12p over the next few weeks? They definitely need cash!
Maybe - plenty of buys and sells around 20p, coin toss to my eye whether this is the bottom mid-terms.