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Shares in Issue: 358,746,814
Current Price: 0.275p
Market Cap £0.99m
From the cash alone £1.9m, they should be sitting at 0.53p at bottom.
Currently Market Cap under £1m, from this price of 0.275p and from what explained below as cash shell being 2-3x
Like other companies with cash, as cash shells price should be between 1.05p-4.125p
They have £1.9 cash, as a cash shell, with this amount, the market cap is normally 2-3 times so £3.8m-£5.7m
They will soon have £5m cash so looking at £10-£15m market cap.
From the Buys / Sells, a lot more buys than sells
And the amount traded today almost 73% of company shares traded not in public hands and considering low market cap
They've widened spread to get traders to sell rather than buy to cover fill orders.
They will drag this as long as they can, come this afternoon after 3:00pm, you'll see all the fill orders going through.
May also get RNS Monitoring Extensions
Just hold and wait, this is still undervalued.
akramms - agreed volume traded Cum Vol 146,337,053 and as per your break down think MM's are in a pickle
Tree shake, trying to out the weak sellers.
This is usual strategy by MM's, as we all know.
They need shares to trade. If they have no shares they cannot make anything, if MM's have oversold stock on their books, they will need to buy back stock to settle the books.
Whatever price it takes, that is when price starts moving up.
Good entry now, thinking if I should I add...
The number of securities in issue
358,746,814 Ordinary Shares of ?0.0001
57,000,000 Convertible Preference Shares of no par value
The percentage of ordinary shares not in public hands, in accordance with AIM Rule 26 in so far as the Company is aware 40.23% (Updated 22 January 2021)
40%+ not in public hand, of the 358,746,814 in issue 136,000,000 already traded.
Of the 60% in public hands this equated to 63% of the company traded of that which are in public hands.
MM's will have a field day trying to fill orders.
They are still undervalued at Current £1.3m Market Cap, cash of £1.9m and assets of $4.2m (£3m) of Celadon to be sold soon for $47m, £3m coming to Origo.
Nice apt reminder Akramms, forgot why i held these..LOLS..
1.5p sounds like a good start.
Would not sell these.
This volume should clear out the II sellers once and for all, been a long wait to get rid of them.
This is going to go crazy
Total Assets £1.9m cash + $4.2m (£3m) will receive from sale of Celadon, which should have completed by Dec 2020, but was delayed due to COVID
Total Assets £5m
Market cap only £0.8m
Definately Good Friday coming early ...
Its Friday tomorrow, something always goes mad on a Friday, lets see lol.
this will blow tmrw
Looks like it going to close on day high and just a few trades and the share price moves expect to open above .25 tomorrow
If from tomorrow traders and new investor’s are paying .040p a share here you know you quietly bought into a gem.
When few were switched on, that can sometimes be the difference.
Spread is wider every time i check
Once the day sellers are done, this will open up tomorrow.
"crying with laughter face"
#laughingravy
Oh no the spread!
Dodgy company with huge spread
Buyer beware!
Spot on my friend.
I would also add Unknown, there is a time to be in the markets and a time to be on the sidelines also.
Right now this is a good time.
Who knows, could be tomorrow, could be months, has been years.
Anyone reckon a 7am RNS?
Same wave length Akramms - respect!
Patience is quoted often by many but very few have it even though they think they do.
All the best.