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It feels to me like there is strength in this share...a slow but steady rise, which might accelerate as the week goes on...
While the Industrial Metals sector has gone pretty much nowhere since early August, we have seen SOLG climb steadily since last Thursday...
Now were into the 17s with the next target being 17.50 then 19p with little resistance after that into the 20s again.
If there is a deal to buy the 6.7% in the background it will begin to leak soon, if not already, hence the solid steady buying and the increase in bargain size...
I'm still hopeful that the stake will be sold at a price in the 20s and that will kickstarted not only the SP but also renewed bid speculation...
Then get the merger closed off and expect some fireworks...
It's been a long time coming but I feel were coming into a long home straight now...
And there is no way Nick or CGP would settle for a price less than 75/80p which could be very much higher if an auction develops like Norint. There should certainly be more than w partiescseriously interested in SOLG.
And equally there is no way Sangha, Irwin or Mather would settle for months more drift like the last several months.
It's coming!
Noront
more than two parties seriously interested
QED....17.46 gone...
Next stop 19..
Then into the 20s...by Friday close...please...?
Red possibly this week
Up she goes .
Autobots lost control??,moving up nicely atm
All we need now is Bnc appearing with his charts lol.
Good grief we still have people on here who don't understand what an automatic trade is.
Did you know that over 50% of all trades on the FTSE 100 and FTSE 250 are automatic trades.
This has nothing to do with any conspiracy theory.
Your homework today is go and look up what an A trade is and try to read about it in some depth, so we can stop having these very silly posts.
They didn't even wait till noon to start walking this back down today... but there does seem to be a strong upward force at work.
Who is 'they', 'walking this down'? Biggest sells have been coded 'O' today, so it can't be these mysterious 'Autobots' that usually get accused whenever profit taking or low volume causes the price to fluctuate... Unless.. maybe... This could be a completely unfounded conspiracy with zero evidence?!
Looking at the bargain size in the last hour stack, if anyone is walking this down, its the MMs to try and shake out some stock...
We'll go ahead again, don't worry...remember the SP rose 6% in the first hour...it needs to consolidate...break 17.50 convincingly and press on towards 19p or beyond...
It also looks to me like a couple of fairly chunky bed and breakfasts have gone through today...
Short term traders looking for a quick buck on a pending RNS mebbe...?
I'm firmly bid AT THE PRICE...16.8p...for 300,000
Very tight spread...16.8/16.85...still massively bid for size...
Offer has moved up from 16.85 to 16.92...still firmly bid for 300,000...
Back into the 17s shortly...
Fly me to the moon....
40p would be far to low at this stage now.
If they want it they can pay.. 80p+ NOT many holders will be complaining if it's around that area or more. Imo
CMG by Xmas I wouldn't lol!!:)
MMs spoofing...they're bidding 3% above the market price for 300k still...
Not long now Red
Spoofing or spooning red? Been at it for years on here
Ready for liftoff...I'm now firmly bid for 500,000 shares...
Red keep updating us my friend no L2
Can only see the 1 trades lol!!:)
The SP is stuck because the market is bidding for (presumably an initial) 500,000 and nobody is selling...
If the buyer(s) are determined enough we'll see this carry through to the 17s again this pm...
RK, surely if demand is there but no supply is available, the way to satisfy the demand is to raise the price thus flushing out some sellers?