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Gone, job done imo
Watch for the holding RNSs imo. If YA/Riverfort sold their 18m shares then it has to be declared. With 168m shares in issue 1% of that would be 1.68m. Correct me if wrong but I believe significant holders of more than 3% must RNS every 1% movement up or down. The shares I presume became unlocked 2 weeks ago on June 1st. Should have been an RNS by now if they sold a significant number of those shares imo. Thoughts?
MrMagic - Ok, my thoughts, tbh I like you think most of the big gun investors have done one, but please prove me wrong if you are still here!? It’s been weeks since any have posted anything positive, although I did notice that one did post on Twitter this week about 3 large sells, how bizarre eh! I’m currently holding 500,000 shares, these were bought as long-term investment. When James Parsons was appointed as FULL-TIME Chairman my thinking was that he would add plenty of overall value to the company moving forward, at this time I am not convinced of that one bit, especially as his role is now part-time! I am fortunate that I hold many other shareholding, and in other sectors of which are fruitful. This share is not giving me any confidence at this time, so I’m starting to have second thoughts, maybe my money would be better invested elsewhere for now!
CDF1 - "maybe my money would be better invested elsewhere for now"
Pretty much anywhere in fact ! imho
DYOR
Good stocks are flying today.
RRR is 5.45% down and RGM flat. I question why anyone would even give these companies a 2nd look in the current buoyant markets. Too many strong companies out there to contemplate risking any cash in long standing AIM diluters imo. Thankfully I'm not one of the ones left holding the baby here after last weeks pump & dump but if I was, I'd be selling for a small loss, lesson learned and getting my money into any of the plethora of big companies that are starting to take off now that lockdowns are being relaxed.
DYOR
name me some good stocks Mr Magic? You are talking a load of rubbish
Actually he’s right. ‘Conventional’ resource companies with cashflow & proper assets are flying. Particularly the leveraged plays. You could have made 3x In oil & gas cos Tullow, Premier & Enquest in last 3 months. Why punt in things like this which have little hope of building real value? They can spike with a twitter campaign but you need to be lucky to get out in time & can’t play in any size. The aforementioned have plenty of liquidity.
I thought you were a professional ramper Harry. If you've run out of ideas look at renewable energy stocks. That's where there is real money to be made.
Have you seen the 1 year share price graph in Tullow? Lol. We all know the date of oil and gas companies. .. Let's not mention the others lol..
The reality is RGM and resource stocks have been hardest, but the tables are turning... RGM has already seem significant gains from 0.07 area... Backtesting was inevitable but a bigger rise is now on the table.. Placing shares have sold through.. Should see an organise rise to 2p and beyond
Last week's pump & dump is so very clearly over. SP is relentlessly heading back down to 0.7p levels and will imo continue Southward from there on the next issue of worthless confetti shares.
Look at the 3mth chart
https://i.postimg.cc/52PB6CLB/RGMChart3-Mth.png
Clear to see the pump is over and the SP is on the way down. Taking a small loss is often better than holding with false hopes and suffering a much bigger loss imo.
DYOR
I predict it will finish under 1p today
i think many placees and those that bought at 0.08 and below have made money and have existed. This is primed for some mega upside now
Only thing it is primed for is more and more confetti issues. SP will only ever keep losing value as a result of the business model. Occasional mini spikes occur but for anyone holding the value just seeps away and is never regained.
The share is still 71% down from just Christmas for goodness sake. God knows how much more value will be lost by the end of the year.
Already 3 capital re-organisations have had to be done with this utterly disastrous share
Nominal share value lowered from 0.1p to 0.01p so dilution could continue
Shares consolidated on a 1-20 basis
Shares consolidated on a 1-100 basis
So already consolidated by a factor of 2000 !!!! Such has been the SP decimation here.
Losses incurred every year, £millions wasted on Admin.
SP is clearly falling back to 0.7p levels now imo and will continue its regular decimation from there as and when then next batch of worthless confetti is issued. There surely can't be many mugs left out their to buy up the confetti imo.
DYOR
consolidation is misunderstood by people... You don't lose any value in your holding after a consolidation.. I think it is important to make this clear.. The new team Parsons etc should be given time. The past is irrelevant bit only to recognise that the share price is at historic lows... Great time to buy. Next few days, weeks and months should see some upside