RE: Assume15 Feb 2020 22:51
Fizzy - this was trading at 2.8p when the flaps confirmation RNS came through. SP then jumped to ~3.4p thanks to a Christmas ramp and a boatload of SXX refugees; perhaps shorts closing too (if there were any left by that point).
SP then shot up to 8p over a week - almost a 3-bag from 2.8 - on no actual news since flaps afaik.
Long term, the company is hugely undervalued, with most conservative forecasts assuming no sale (from memory) at about 12p, with Dimitry shovelling the mud hissel and panning PGM by hand in a bucket.
Short-term is the big unknown. If the spike was due to insider dealing and the deal has been signed - you'll get what you'll get once the deal is announced. To quantify, it will be an absolute f.ckload of cash.
If there is no deal, no news, or even worse, dilution, as foretold by TW, I expect this to hit rock bottom.
Good luck to all holders, but God save you if it's the worst case scenario.