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I took the afternoon off and had a look in late on my phone. I logged in on the HL APP and tried to buy 25k and it refused at 12p. There was clearly no stock. Somebody is matching any profit taking by taking 50k blocks when anybody else sells similar. So this should be out of the traps again in the morning. Seen it with current penny stocks, you are either dead or super hot with momentum. Look at Vdtk that managed to do 150% from the low and spiked recently on a tiny contract from a similar market cap to Snt. So again this could just be the start of a strong run but everybody trades their own way.
I think the chart suggests otherwise. Today's close was the highest close of 2023 and buyers were taking 12 pence on the death. I see further gains ahead of the Korea trip. Why would you not hold. Also, most of the major shareholders who took up the extra shares are averaged in way above these levels. They are not exiting. I can see no reason not to hold and add, especially now the big seller has walked.
Some very strong days, I think a little bounce back to 11p might be in order to confirm some support in the next few days
M2G orders are fantastic and it appears the sales team have finally got the bit between their teeth! Long may this continue. Expect more wins. I am VERY interested in the American interest in City Oil. Green energy is awash with cash and where the party is at - one £20-£25 million plant in the big scheme of things is fodder. One plant is £1 million commission. Get the first one up and there will be more. SP will bag xxxxxxx if it gets the green light.
Hello - compared to most medium to long term holders that is a good average! Even after taking some of the 10p shares I'm in at higher average price than you. Lets not forget Diversity started buying mid 20's?
I am more confident about the company today with the share price at 11p than I was when buying in the 20's! For me, down here is value.
GLA
Out of interest, what are people's break-even prices here?
For me its 16p, after 3 years of holding and buying dips.
Could be a few holding RNS's to show this week. Certainly Peel will announce a much reduced holding
It looks like that seller is done. Any significant buying now will move this higher with very little resistance.
Although minor what I liked in recent news is the cash balances had increased since year end. In a market where you get slaughtered raising money it's vital that you can contain or even increase cash. Look at today's top faller 1p placing when nearly 4p yesterday brutal eh. If this "US investor" spends their money this will go nuts methinks.
Here we go!
I'm thinking after Friday's update to go for £5-6 mil market cap or 25-30p target. There's not many opportunities out there for real bargains so do not sell too soon and now Peel look to have sold down their surplus overhang it might get there quicker than you think.
NT to buy…
OMG this has got to pop!
2m mcap?!
Cash in the bank , more orders coming and COF progress shortly!
GL.
Ridiculously undervalued!
Finally it seems this is being realised!
2 lots of 100k maybe diversity. Peel will be out today at this rate.
Lovely
I agree, Sam. Compared to where we traded last year (as high as 40p on the City Oil announcement), the M2G could now underpin the business whilst, in the background, City Oil progresses.
The major shareholder is within the energy sector and will undoubtedly be of assistance should RP need it. Sabien looks like a far better investment now than it did at the start of the tear. For me, this is value down here.
Can sell 250,000 online massive, trying to fill this huge buy order
Whoever it was did not get their total fill. I could sell 100k at 9.7p at the close so clearly the buyer which might be diversity wanted more and who can blame them. Small pi's seem to have missed this potential for now and those who sold a bit of size of 8.5p what on earth were they thinking after that update
Someone's having a solid punt! Foreseeable that this could 3-5 bag in the next few weeks, so why not if you've got the funds sitting around.
300k at 9.5p, unless there is a bigger one at a bigger price that is the worked buy that had all the mm's scrambling back up. Just shows if you if it is the buy somebody was not bothered about picking up 100k at 8.83p they have just happily paid 9.5p for 300k instead and of course by the time the mm displays it the trade goes in the sell column
Can sell size at 9.65p the 52k that bought at 8.85p has bailed day traders never give them a chance hold for huge gains here
I was going to take that 100k at 8,83p as well but I thought I'd just be letting others sell on me again so backed off. It should have done this move at 8.01am
I agree something happened with the last spike a flurry of big buys out of the Blue .
I'm guessing somebody has took the Peel block overhang in one go and it will show later perhaps 800-1 mil shares.