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dunno why they keep saying looking after shareholder value in the rns, the share price is massively down still.
At these levels under 2p it is an easy buy for me.
The 11% has intrinsic value and someone will buy the position for 5-6p or Minto will go back to IPO level producing such levels of Copper. 1.5-2p is a buy regardless of the issues. A couple of years ago this ran very quickly to 10p.
Maybe Gati is buying more like he did last November over 2p on market.
The Company has been advised that Mr Gati Al-Jebouri has acquired an additional 550,000 shares in the Company on market purchases from 18 November to 23 November 2022 at an average price of 2.1p per share. As a result, Mr Al-Jebouri's holding has increased from 21.35% to 21.91% of the issued share capital of the Company.
I bought back in earlier and was alone in buying. I then thought to myself did I read the news wrong but now after all those huge buys for Pere the news was good and people were asleep, a few took advantage of a overhang to get size under 1.5p.
Probably a massive overhang from the fact nobody has touched this for ages. I can buy 500k online at 1.652p
wow super illiquid now. Looks like one person is trying to spike it. One minute somebody is paying almost 2p a few seconds later somebody else has sold at 1.62p.
My average is a fair bit higher then the current SP. Hopefully the rise will continue. ATB
2 x 1 mil buys or a rollover hard to tell but the price did spike up earlier ?
1.88 mil at 1.47p is clearly the worked seller when people were piling in for size yesterday at 1.49-1.5p
That worked sell and volume has been in the pipeline for months.
Its finally been filled by the 11% copper discovery at Minto.
The price action a few days ago soaked up that worked sell (2% of the company) and the subsequent action showed the MM's had limited to no stock at this £1.5/2m market cap level.
The value of Minto currently is worth over £5m and that is with Minto pulling back from their IPO at over $2 to $1.2.
If you believe in Copper then Minto and Pere are totally undervalued with a squeeze potential in Pembridge..
They are overdue a payment of $500k and another $500k due in June and $1m in September.
This stock was trading between 5-8p when Copper was these levels and slightly higher. Also note the CEO owns 22% and bought 550k shares at 2.1p on market as well as 300,401 @ 3.7p July last year on market & £80,000 @ 5p.
Then take away the $9mm debt, meaning the equity is worth zero at current levels.
Good luck.