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Announcement is heavy on waffle and no specifics. Had a very quick (so possibly inaccurate) google and picked up the following: - Orbis has it's own platform for viewing approved invoices and selecting for early payment - Siemens is a big customer - partnered similarly with Ariba in 2007 (maybe others too?) - can pay invoices in multiple currencies (e.g. EUR, GBP, DKK, USD, CHF, SEK, CZK, JPY, CAD) Aside from the frustration that Tungsten could have saved a lot of pain and money by seeking such a partnership a few years ago... I guess that anything that accelerates the company's financing offering without incurring huge overheads is good news. My concerns are lack of clarity here and what slice of the pie is Tungsten getting. I doubt the market will react positively until there are some actual figures showing whether this latest approach will actually work.
Tungsten Network partners with Orbian to expand the scope of its financing offering. Thoughts ???
if i see 50s again, i add.
Still being fiddled around by shorters. Last time they got it down here, Mr Benillo had £100k worth, hence the subsequent rise. That can easily happen again. Tung is doing more and better business and the sp will respond appropriately over time. I have extreme doubt about it getting into to 50's in the short term and no doubt it will be in, or over, the 80's in six month's time. Just my opinion.
MrEMC2 it seems to be a downtrend. Hope I am wrong here but I do not think we will see 70s
Thom, but hopefully not before we can sell some (or all) in the 70s - ha ha!
MrEMC2 it seems this is going back to 50s
Oh no selling volume has picked up since 2pm
Thom - unfortunately not - I thought the price was going up into the high 70s. Now I think that we may wilt towards 60p (the next so called support level). That would bring me back into the red. Only mitigation is that it is dropping on low volumes. Waiting to see if the longer upward trend will continue by which time, if not, no doubt I will be losing even more money on paper. In the meantime may as well keep as optimistic as K3VMC.
MrEMC2 did you sell some of your shares at 70+?
K3VMC you were confident we are heading to 75-80 in a short term. Is this still the case? Do you think this is a correction before me move up to 80(in a short term, couple of weeks)?
Good afternoon. Divining the reasons behind the random movements of one company's sp is nearly impossible. However - my 2p... TUNG has announced that they will be turning EBITDA positive at some point in calendar 2017. Some people thought it might be early in the year - pushing the SP up. The TUNG y/e is 30/04. Last year they gave trading updates 9/2 and 24/5 and final results 25/7 (Just IMO:) If they don't announce pretty soon, chances are they wont make any announcements until end May at the earliest. Every day that goes by reduces the chance of an announcement. This reducing probability helps push the SP down. ... or it could be 50 PIs decided to sell out because they wanted to buy new cars.
Thom, could be. Look at the chart since 16 December 2016 - trend is upwards. "Let the trend be your friend".
K3VMC where I could see the exact number of the shorts (if they increase or not)? I use http://shortics.com/snapshot.php?company=TUNGSTEN%20CORP%20PLC but it does not show the full details
Thom, our shorting friends are having a play.
MrEMC2 Why the SP dropped? Is this a correction before we go to 80p?
Sorry, meant 24th May (for last year's trading update)
Actual date will appear here http://www.tungsten-network.com/uk/about/investor-relations/financial-calendar/ at some point, but the year-end is 30th April so there should be an announcement around middle to late May (last year was the 26th May)
When is the next trading update?
Why haven't I sold - going up doh!! Chart shows 50 day ma about to cross 100 day ma and next resistance at 78.8p. Another 'table' shows next resistance at 74p. 52 weeks high is 77p. Who knows?
Been a long time holding on faith...but a nice move into blue today. Looks like director timed his buy nicely, but not obvious to me what is driving this sudden spkie unless shorters have got bored and gone elsewhere....
73p??
encouraging.
£100k buy by Mr Benello speaks volumes. I'm looking for 85p, slightly above Odey's £15m buy. GLA
£100k buy by Mr Benello @ 67p is a decent amount and still way below Odey's buy in that accelerated book build they had. I'm holding on until 80p minimum. GLA