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Seems to be s bit of a stampede for the exit today. Surely the expected news can't be that bad? Hope it's just a case of the herd instinct. We need positive news CB and the sooner the better. This evening would be good!
There is no stampede - total volume is 553k traded - or 1 share in every 1500. MMs are taking it down on extremely minimal volume.
Opinion
The 3.50's are now inevitable..
Sell and buy back cheaper, GL all.
In fact, given the volume it looks a lot more like a tree shake ahead of good news.
Tree shake, very funny Steve.
Lot's of green boxes today, usually means some good news coming, coupled with a drop based on nothing much at all.
And now 525k in two buys (outweighing all sells so far - entire volume was only 550k) and we are still well down on the day. Straightforward market manipulation.
At this price I may be forced to buy more !
Change of subject -
As there is clearly going to be a delay to the original date of June to sell up, albeit a welcome one as it will eventually result in added value, I'm wondering why the IP results have not been published. Also, the Empress Royalty mining progress. I'd imaging CB would be very eager to announce to the world that Africa is now making real progress.
Lastly, I have mentioned molybdenum a couple of time is the last 6 months or so and was interested to see CB did so himself in the last RNS when referring to Ascot but without any grades. I'm wondering if this is because Mo grades are typically very low and that to publish them would give the impression that they are very poor when in fact they are acceptable. Gold plus Mo in Ascot could be very profitable with Mo being valued at about 4 x that of Cu. Odd that Cu seems to almost be absent from Ascot but then that's why it was clearly a new system.
LSE bingo is back I see.
'Green filters - must mean good news coming'
'More buys than sells'
'market manipulation'
'Tree shake'
Lets look at facts rather than slogans then. Volume is 1.3m. That includes at least 900k in buys and less than 500k in sells. If you go on Telegram I have posted Level 2 to prove it. Somehow the spread has fallen from 4.8 - 4.9 to 4.4 - 4.7 and we are down almost 4%.
How would you describe that then?
Less than 400k sells (typo)
Bingo!
I had volume and facts, get in! What’s my prize Uscita?
Bird could have, probably, prevented this further retrace simply by releasing a statement similar to Empress....
It isn't a retrace. There is 1.6m volume now with 80% buys. That is exactly what you would want as a shareholder, but even Colin can't control the MMs moving the price in the opposite direction to the actual buying activity.
I do agree BTW that comms should be a LOT better. I just don't think that is the specific issue for today's price movement.
OK - 'The drop' then if we're getting in to semantics.....Either way, a simple statement from the company explaining that pre-production has commenced at FB would, probably seen a rise, not fall, in SP.
There's zero publicity from XTR, far more is done from companies with far less......Fact
'I do agree BTW that comms should be a LOT better'
We can certainly agree on that Steve!
Time to go home Pup... @Rick123...
Nobody knows what the hell you are talking about - and neither do you... LoL
Colin needs to give us something in the way of news, as when I first invested here, we seemed to get news every few days and now nothing, so lets hope he improves comms here and stops the drift South. GLA
@Hawkander
Post recommended as you are spot on mate.
>> Colin needs to give us something in the way of news
There was a 15m interview one week ago. There was an RNS the week before that and both an interview and an RNS the week before that. Most companies are not giving RNS and interviews every week.
I don't think the quality of comms is great and we need a lot more clarity on Manica, but you can't really complain about the frequency of news. I'm surprised how many investors have no patience and assume catastrophe if there is no news for a week or two, or the share price dips on minimal volume.
Today BTW we are now on 1.9m volume with about 1.45m buys and 0.45m sells. Down 3%. Don't just look at the % change - check the trades or you will be misled.
The problem is Steve, it is eroding the price on a daily basis now and it will soon be back to the 3s so when the news does come it lessens the profit. I would wait until the 3.5s, why buy now?
As Buys outnumbered Sells by 3-1, it would seem the market (as usual) is doing the opposite of what you suggest. Although I guess at the moment, trolling here is the best you can do in terms of a distraction from VAST.
Rick! Markets aren't running as they should. So 3s are possible if negative news is released. No one knows what the next rns will be. There is no momentum to the share price. Definite signs of downwards manipulation across many shares. Xtr is not a 3p share though. The market cap should be 80m now as fair value imo.