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Putting all those buys through as sells
Obvious play here...they will let this go very soon!!! GLA
Looks like the price is being held down so Miles can accumulate. Wonder how many more he is buying.
Miles I think
Buy orders being filled maybe, perhaps connected parties..
Nice delayed buy...wonder who is soaking up the sells ;-) This is a firm buy and hold for me.
Exactly right charlies, fill your boots then let the story unfold ... big things coming
The Argento Pref shares convert to OBT ords at an effective price of 15p. The 5m warrants he bought a few weeks back are exercisable at 20p. Clearly whatever Miles thinks is going to happen will be well north of where we are now. Hence he is filling his boots and I’m happy to follow his lead.
Because he knows they are a bargain. It could be a buy out, who knows? (They do, we don’t....). I’m in for the ride and will continue buying in to the rise.
Why is he snapping them up? Is he going for a takeover?
Another $100k worth of Argento Preference shares for Miles Pelham...he`s got some deep pockets!
And plenty of optimism. These people don`t get rich by throwing good money away!
Miles is snapping up everything he can get his hands on. Hopefully will make him very wealthy.
Just invested here, the chart looks good to rise over the coming days
The chart is looking good here for a move up 34ema and 8ema about to cross over in the next couple of sessions https://invst.ly/8kacv
Yeah nice to be on a company that does quarterly reports, they don`t all do that.
Also good to see Mr Pelham buy another 8m shares in the open market, albeit at a very tasty price, though he probably negotiated with a big seller to get them the *&^k out of here! Good for him, and he obviously has great optimism about the future...as do I.
He probably knows already the likely source of new funding too, I should imagine he wouldn`t have too much trouble convincing suitors to get involved at this juncture.
The team assembled in Africa and beyond are in place, funding has been spent well on machinery and high revenue production systems, the company is now at a turning point..from negative to positive!
`It should be noted that the administration and operational platform that has been established is critical to the future growth of the business and is now sufficient to support a significant upscaling from the current 0.5% market share of African timber exports currently captured.` Miles Pelham
No wonder the chart is a strong buy at the moment, patterns, candlesticks, previous supply/demand zone (feb-apr 16), weekly stochastics, and more, all pointing to breaking a good bit higher from here.
Any short term drop should be quickly snapped up by traders and investors alike. A no brainer.
Some might whinge about MP buying cheap shares, but anybody could after the update, the first day after the late RNS the sp went down to about 5.75p, so maybe could have got in at the low 6`s. Not that much higher than the price MP paid, I hope they make him another few mi££ion!
A good structure in place for strong progress at this point in the life cycle of OBT.
This is only the start of it. Q3 report will be very interesting with the addition of veneer production having started in July. And with many multiples of exclusive agreements with timber producers, any announcement re timber trade finance and this becomes a different animal altogether
Look at those delayed buys :-p serious cash coming in here now guys
Decent £20k buy at 8p.
Something’s brewing in the background no doubt about it, smart money on here now, got a feeling big things to come v soon
Agreed, on the cusp if the MM's let it go.
Lots of buying over 8p this morning. Due a tick up I would suggest - might be filling up a big sell and then we should be off!
Certainly more volume, which in turn means a wider shareholder base I suspect, so hopefully good news for the share. Will be interesting to see if momentum is continued tomorrow, and this goes through 8p and towards 9p. You only have to look at the 3 month chart to see how much this had fallen. A big chunk of this had to be the seller in the market, which maybe has been taken out of play by Pelham's large buys earlier this week.
A lot of interest & excitement here, double figures coming :-)