Layering are when fake sells or buys (in this case sells) are put on the book to supress the price and then removed without actually been filled. It happens all the f****** time and is illegal, but nothing ever gets done about it. The market is corrupt, only way to win is long (and a thick skin) or be on the inside for huge gains.
75k shares Friday, cant believe got the opportunity to back at 16.5p. May get some more Monday as well, particularly of it hangs at this price. GLA. Expecting a significant rise in the next few months and years. This should be sat at $200m mcap now, plenty of other shares with no oil flowing and similar reserves sat at 5-6x higher mcap and nowhere near COPL maturity.
This is what a corrupt market looks like, seen it over and over again, RKH was the most extreme example years ago. This move north is nothing, we should not have been taken down to 4.25p, but the technicals warranted it so we were manipulated down. This love back is nothing to be too excited about, we are where we were few weeks ago. Get excited when the news starts to drop!!
Here is a stat, Confluent a tech company whose share price was $90 in Dec is currently trading at $22, hitting as low as $17. Their revenues are up and they are doing well as a business, albeit not profitable yet. Guess what, EUA aren't the only ones impacted by this war and the macro economic climate. There are a tonne of companies down 60%+ since December-Feb onwards post war. We are not special, we are impacted im the same way. Roughly 65% down since pre war.