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Craig, I would expect a few traders who have come in at recent lows (though there won’t be many of them) to be looking to take some profits around 12p. But most long termers will sit tight until we get closer to the previous highs around 20p. That’s where we are likely to see some volume selling. But as you say, news could change all that.
8p now, onwards and upwards to 9p next all being well, and then push through the double figures. That is probably where some sales will kick in, but dependant on volumes of course, and other news.
In addition to the two purchases this week let’s not forget that the Chair recently bought 5m warrants exercisable at 20p that expire within 18 months. You don’t need a much clearer indication of where the sp is heading for.
Testing the spread already.
And here we are up to the next level already. Hadn’t expected it quite so soon. Very few holders in profit at these levels so not expecting any volume of sells until we are well into double figures.
Clearly some interest is returning, good to see.
Lovely mini-boom, about time this turned the tide, undervalued IMO
See if it can be sustained today
Showing buys as sells this morning. Generally a sign that the MMs can’t find enough sellers at this level. Once they have balanced their books they will let the price move up to the next level.
Jack! So bod buy @5p, bit naughty
....normally I don`t bother to go on this website, although if you`re short term trading it can be very helpful.
But, after the last couple of days I knew the candle pattern would be positive so thought I would check it out.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=OBT.L
Quite a resounding buy signal.
Short term back to 9p?!!!
As I said yesterday, massive support was at 5p so if it was to bounce anywhere that was the place. Even if NAV is much lower than it is, it is still under valued. Wouldn’t hold for years as there is still a lot of questions unanswered but still good for 2x3x current mcap.
Just paid. This is flying now. Still time to buy more. Still got a long way to go.
Watching this now , i want 5p as well. lol
Short term target
I’ve just bought some more. Chair buying in such big chunks has got to be the right thing to follow.
We should get a tr1 to confirm that soon
So who is selling him stock at 5p.
Chair buys another 5m. £250k more of his money saying this is a buy big time.
Well one element of your post is correct
Costs are too high, even without the replanting they should be doing. Profit nowhere in sight and bod who flip flop from one vanity project to another...now it's a veneer factory. Bod blames everyone but themselves. Sounds like they will now sell/abandon Mozambique and Tanzania after deforesting both...without putting the land back to how they found it....I bet you all feel very happy to be involved with this lot. Meanwhile the share price is in the doldrums and will remain that way if the bod keep issuing shares like confetti...and muppets on here still talking about NAV - which was sketched out by someone paid by the bod to give a particular answer, if you believe in the NAV you really are dumb!
Still time tomorrow. I’ll certainly be looking to add more if the recovery continues. Nice after hours buy there as well. I didn’t hit the low, got some at 6.10. Happy with that.
Impressive recovery, almost bought at the low two, but held off. What a numpty!
If its buying then yes but if there was a big seller and Pelham has taken him out off market then that is definitely better for us. Anyway not looking for an argument just very happy to see this bounce back quickly and to have bought more on the rise.
charlies , no . Better for investors if they buy off the market . imo