the rise is certainly due (oddly listening to Rise by PIL on 6 music as I write)... gold is on the bounce and we are due a very strong response (imo) to the very decent results RNS which was went completely the opposite way due to the City Financial sell off ... which has now been handled.
There is also the TR1s that Sustainable Capital somehow managed to go straight to 9% ... and then 12% without the SP flying. As far as I'm aware, CF didn't have enough to transfer that many, more like 3%... but maybe they had more?
So it could be a late response to all of that ... but the fact it suddenly flew so strong right off the bell and has continued all day to over 30% makes me think something else is in play.
someone or someones is loading up.. .it's been a solid and orderly rise all day from the bell... 3m volume in the first 15 mins.
Can't be a P&D with absolutely zero Pump or Dump... they are 2 key ingredients. There has been no noise at all... quite the opposite in fact with regular LTHs suggesting it won't likely move up anytime soon only yesterday.
Has it proven to be leaky in the past at all ? ... I can't help keep thinking about the VAT we are owed as its nigh on half the mcap.
"We welcome the announcement last week from Barrick Gold Corporation that they have made progress in their discussions with the government of Tanzania. We remain confident that a positive resolution regarding VAT refunds will follow."
"The Company's VAT receivable amounted to US$21.8 million at the end of the year (2018)."
I suspect the sharp move up yesterday on relatively little apparent volume may indicate there could well be a larger buy order or two in the pipe... and you'd think so given that the JDA is due and and on track for this month given what we have been told via RNS. We'll see eh.
As far as I understand... it means that he is not in possession of any information that is commercial sensitive at the moment of the share purchase... that's not to say that situation can't change at anytime.