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But the last few days a large chunk of VRS bought at 0.27p and that is enough to hold it back for a while.
At least some future has to be positive to change the mode here.
Unless you want to allow the new investor out at a handsome profit soon??
The facts are:
Every one is waiting for the others to make the first move and get drill results to reduce risk and attract JV.
The easiest spot is with PTR and they don't have any cash to jump in, they have the shallowest confession.
Exon Mobil has the deepest concession but they have a deep pocket and they can wait to get GBP and TRP licences for free. This is what it seems to be the game at the moment They can wait GBP and TRP can't.
GBP has tiny mcap and need cash badly. with lowest price at 0.04 few days ago, The new investor is likely to have a discount as well and it will be a heavy dilution at a very low price. Even with cash raise say at 0.04p and GBP will be only able to maintain wages and licence fees. if they want to do more they need heavy cash raise say 95% dilution just o conduct extra work not a drill.
It is really a hard situation unless someone decide to drill and prove the area to be worth investing GBP ond investors and current one is going to be nothing.
reducing bod wages and costs will only stretch the pain. New management clearly will have the flag to wipe existing share holders value and adopt new investors.
Notrex, it is time to admit defeat and move to another stock. This is going to explode soon. You have to be in it to win it.
I guess the 0.175p price long gone now.
I suggest you try an oil explorer stock it may enrich your experience for now.
Seems the market come to the lowest point and starts to shift up. At last the proof of no mass sales is there to be seen.
As the news become more and more close sp is likely to shift to meet that.
Target 1.2p for good news. This is the historic stop before explosion on confirmed sizable gold finds.
As I always said, There is gold in dem der hill.
As long as those round sales figures keep coming, the sp keep dropping.
The problem though is: if they have already made profit selling above the 0.175p then they can afford to sell the rest even sub 0.175p.
where is it going to stop now?
Volume dead! Turning point waiting to be confirmed. It is a waiting game. The heard can jump in any time if they fee sales are draying up. It may take a day or two to change mode and hear a confirmation load and clear 'The new investors are not selling or have already sold out' Myself I don't believe they have sold out since the volume was not that much since they are in. Unless they have sold some stock they have before announcement.
waiting game now. Who blinks first!!!
TS, by the way, in every failing stock there is one like yourself who mislead share holders and disappear when it is down to earth. You may be genuine investor but too load may be for the size of your investment.
TS, when 25% of ECR has being bought two weeks ago for 0.175p you need a strong RNS to explain the 100% profit or more they are going to get for investing in for just few days. No, those RNS's do not give them the right to make 100% profit and leave the trapped new investors in to suffer for months to see a real change if there is any. They will trash the sp if there are no fast results. They are good friends for CEO may be, at least good partners if he serves them well.
does it make sense for a new comer to have 100% reward in short time while most of us are under water for ages.
How much of equity will be left for share holders if they smash the sp and invest again.
This time 25% next time 75%. Good for the lucky ones.
They will publish when no value is left in echo. The board should get paid to the last penny. So they can say as well, this is the end of the story!!!
At least I will get Ranger share for free. I don't know what is it worth though.
The logic says, this should go sub 0.175p and stay there to test the commitment of the new investors.
It is 25% of the stock involved. if they sell fast at profit they will wreck the sp for good.
Unless there is solid progress there is no need for quick exit for the new investors at profit.
No sh*t RNS please, stop pumping to serve the new found friend?