Cut down on production, stop production at the least viable mine, take the financial hit this year, share price goes down. Next year cobalt prices increase due to higher demand, sp goes way up, reopen mine and sell cobalt at the new price.
There are 5 buyers today who are confident that the share price will move up from today’s bid price. As has been highlighted many times, no news and the sp drifts lower. The question is are they averaging down or speculating that this is the bottom or are informed that an RNS will arrive shortly. As most LTH are in deep enough, my guess is that an RNS will arrive shortly.
I bought today to average down, not unlike a few on his bb, my buy is showing as a sell. Therefore I can only assume there will be more not showing as a buy, but as all buys there must be a sell. The flip side though, I don’t know of sells being shown as buys.
RE: Substantial downpayment from NFCP05 Jul 2019 10:52
I mentioned in a previous post, I think Ian Price is just a puppet when it comes to Eqtec’s financial/share dealings, it will be outwith his remit and power on deciding share values, he’s just the companies face and spokesperson, day to day running and responsible for contracts. It’s the major holders and now also the lenders that are responsible for Eqtec’s value. IMO.
CEO has always said what needs to be issued to meet the criteria, for whatever reason the big players require. His last statements etc. will be what is still required. Possibly not more than a puppet. Who makes the bullets and who fires them, IMO.
Does Ireland not have good corporate tax incentives? If this is a viable reason, I would reason a merger or takeover is underfoot with substantial inflows of cash and profits. There has to be a financial reason why all the major holders are willing to see their holdings reduced and for the lenders to keep pumping money into Eqt. Salaries being paid with shares?
We all know buying shares in any company is not guaranteed, most in the footsie 100 are stable, but not on aim. If your buying to sell on a rise then it’s a gamble especially with the likes of eqtec. Aim companies you’ve got to speculate to accumulate, risk and reward simple! If you can’t stand the heat get out of the kitchen and stop moaning.
Shares can be fickle, charts, graphs etc. can tell you a lot, but when something like this happens the shit hits the fan and down she goes, no warning. I’ve held and bought into a falling bme pre dividend expecting a pre divi rise, but no, had to hold, will now collect divi and share price goes up? go figure with no news or reason.
My thoughts are as mentioned earlier, one major holder who wants to reduce their holding for whatever reason but i don’t think it’s to do with Eqtec’s performance. If there was trouble afoot the other major holders would have been out ASAP. I would assume the other major holders would have been informed or asked the question and are happy to hold. These are my basic gut assumptions.
My thoughts are that the share price is fluctuating by pi’s and one major shareholder selling who requires cash or reducing holding as mentioned in earlier posts. The other major holders I believe are all holding, therefore in my opinion all is good.