RE: For fcuk sake?-down 6%?????3 Oct 2018 13:01
I mentioned last week before the holdings RNS dropped that I was convinced the share price movement had little to do with Bergen. The holdings RNS only proves that Bergen have been selling relatively responsibly IMO. It's not in their best interests or ours for them to crash the SP by selling aggressively.
As I mentioned the last week the SP looks like it is being clobbered by someone, or several people who are in the know.
I had every faith in the drill and my optimism proved justified. I have every faith in the Brockham drill also.
My biggest concern here is what filth is playing out behind the scenes. This SP movement for the last several weeks absolutely screams corruption somewhere along the line. What's happening here has nothing to do with Bergen, nothing to do with inside knowledge of the assets, nothing to do with the day trading mugs on the AIM and I suspect, very little to do with the dodgy MM's. Whatever is going on here is the product of either someone very close to Angus offloading at a desperate rate of knots possibly via proxy, or another high net worth individual privy to the knowledge of a placing or something similar doing likewise IMHO.
Last week I intended to sell if this closed under 8p before the drill results were posted. I'm still holding and weighing up my options now given yesterdays positive news. Looking at the charts 5p-6p looks to be the floor, so I can't imagine this being walked down lower than that, or even a placing below that.
This does now appear to be in a worrying trend downwards though and I although I would rather not sell out after yesterdays news, but the clear disparity between the technical situation and fundamental situation does not bode well and suggests clear corruption somewhere in the mix. Given this I will make my decision by close of play. A close below 7.5p and I'm heading for the door, if we touch below 7p during trading hours, likewise, I'm heading for the door.
I have an average of 9p here and I must consider what I will need this stock to do if I hold after it potentially drops below 7p. It then becomes a game of holding for an uncertain amount of time just to break even and hoping that everything goes to plan just to do that. Been there. done that, got the T-shirt and don't want another.
Ironically the people I almost feel most sorry for here are Bergen, because they appear to be getting mugged by these filthy games too.