hang in there buddy. I think this will come good. I have learnt very painful lessons in selling off the back of misery on these chat boards only to find that the sp took a hiccup and then carried on rising.
RE: Another FT article New Oil & LSX regulators20 Jun 2020 14:26
Nobody bought 5.8% of shares at 4:15pm on Friday. That was a TR1 to state that the holder of 5.8% shares had reduced his holdings to 0% at some point in the preceeding 1 - 2 days
That just sounds like a "there is no reason really, I am just pumping this up so I can get out at the price I need". If there were genuine reasons, you would be able to state them. There aren't any.
I think what Cmin... meant was that this was 2.8pence and currently it is 6.5pence. So can somebody without an agenda explain why this should be at 6.5 let alone rise higher please? Gold prices increasing since April can only account for a 20 - 30% rise in my view
RE: One of the things holding this back was...1 Jun 2020 12:39
People selling on news perhaps? Traders trading for quick profits. I am going to stick with this one for a while though - much rather it went up slow and steady anyway.
I know people always say that when a share is doing the opposite of what they think it should do....BUT.... the whole day, I've barely got a quote to sell. Bid v Ask is presented at artificially high rates so all buys look like sells. So with this volume surely we should be inching up each day.
a lot of newbies wanting hand holding and somebody to comfort them that it will all be OK. So they come up with their negativity in the hope that somebody will spoonfeed them the positives so they can feel better. Anybody who trades here knows that sp tends to stagnate or go down while peeps are awaiting news. And then it is a mad rush to get in as cheap as possible before the price rises again. Some of us choose to take a more laid back approach and ignore the swings, looking out for the bigger picture.
That was my first thought too but then remembered this is a cash shell. Perhaps more of the shell than the cash. But nevertheless they can't do a placing for a shell can they?