From a pure charting perspective and nothing else, it broke the 20 day MA on the 30th December on the rally to 100, it came back and tested it yesterday at 92 and is now trying to move away again. Next level possible 200day @ 106 if it holds.
Yeah, the bid at 21p is 3,000 shares which is £650 ish. If someone wants to dump £2,250 within 11 seconds of the open you'll often get a rubbish bid, that's how it works.
Back down to the lower end of the range .. probably find buyers at 3.8 then bounce to 4.3 and then run out of steam .. as always ... christ I'd give anything for the kind of rally that took it up to the high single digits
RE: Covid recovery play and massive turnaround.4 Jan 2022 09:42
Starting to move up nicely again today. The fact this went back to 3p so quickly after rallying to 5p is a joke. Now Omicron seems less serious, this deserves to be high 4's into the 5's again.
RE: Long way to go before drilling23 Dec 2021 11:08
Hmmm. Me thinks it would be hard for the cyber fraud people to know which system to compromise. If I was sending $2m to someone I'd be on the phone with them at the time saying okay doing it now, are these details right, is this the right link etc.
Funny how often this happens in AIM, remember LEK or whatever sent funds to a bogus company.. quick company search showed an unbuilt building in Nigeria as the HQ .. basic research
Obvs I don't know the ins and outs but to send $2m to the wrong bank account in this day and age is laughable.
The market seems to think it's a con too. £3m raise, next day through the placing price and a measly £27k volume. Ouch! Least the board and Brandon Hill/WHI get their fees I guess
No it's just the MM's creating the spread that does it. I couldn't imagine a system that could ping RSP's constantly to see where the real buy/sell price is on shares ..
RE: Elizabeth Hill and Munni Munni23 Dec 2021 09:32
Yes, same as the other day. Someone's doing something they shouldn't and it will be escalated don't worry. The fact this is still 0.65-0.69 after someone's messing up the MM's shows they're ok taking stock at these levels.
I helped them raise money in May-ish 2019, they said they 'needed money' because of that missing payment which was 'coming imminently'. Obviously the monies never arrived and they went down from 1.6p to 0.5p territory and legal talks started.
Remember that spike in April last year to 0.9? They were planning the placing before the spike and people were inside on the spike for a fundraise the next day.
And now this, trying to get out of the fact they said an 'offer was imminent' followed by cessation of talks and now need money another way.
See you at 0.1p - Board will keep riding this one into the ground
Wait, Dumbpunter has never bought PRE? The bloke (I assume) who posts on the message board at 6:30am , 7am, throughout the day, evenings and weekends? Jesus, can't make it up!!
Re-reading the Cyber Fraud incident. Don't know about any of you but I double/triple check payments even £10 to go to my own Paypal, these guys threw $2m down the drain in a scam. Hilarious how bad some people are.
Don't let the spread fool you. Some of the MM's need to sell some of the stock they were dumped earlier with that stupid seller which is completely fair enough, then we should push on.