Member Info for belgrano

Right there sister, walked the price down for those 10K buys, now starting to rise again.
One things for sure now..the dust has settled..no clouds on the horizon. One investor asked about cash burn Verses money in the bank and thought share issue might happen to keep the coffers positive.
I doubt it because when OPTI offload their stake in SBTX, not all the proceeds will be returned as a special divi to OPTI holders..keep some back..financed easily.

For me its 5 minutes in, when Per gets pushed for financial update and plans forward which he puts aside, then changes tack and makes the point that our chairman bought 300K worth of shares and the "regulatory time requirements", are up next week....Why make the point, certainly not needed if no news or bad news was coming out.
To me its saying "regulatory time constraint is up, we can now release market altering news".
Just my view of course..but listen, and as always DYOR.

Hi Gibson,
OPTI hae already breached the 100m threshold, it didn't stay there, however everyone knows reading into the company strategy that it will far exceed that limit within a relative short time frame from now.
Ideally institutions would like a discounted block buy, via a rights issue to enable them to gain the quantities they require . We know thats not going to happen as this company can easily raise sufficient capital for its purposes going forward. One item that could be on the agenda, is shares in SBTX, in order to raise funds and give out the long awaited special divi. However SBTX shares are riskier than opti and therefore less attractive to the regular institutions looking for safer capital growth.
Often find the big players accumulating stock just like we see today, All the sells from TW and his gang have been easily absorbed, and a fair amount of profit taking from many investors here.
I believe (and have been told), that we do have some very big players buying up our stock right now. Seen this before with company's that have multi bagged. Small investors then take a good profit after taking all the risk, as many get scared when seeing large paper gains and so offload. Then the big players and institutions make a real good profit as well, but with much less risk, as we are now at that patience stage, while our many distributors and manufacturers crank up the momentum.

Someone is mopping up a lot of 10k sells, certainly good demand and they are careful not to force up the price.

Have to be quick, the rebound has certainly started in earnest.😊

Excellent find buy and hold, just shows that although we have very strong demand for coal right now, with the sheer scale of power stations under construction, demand is going o be much higher soon. With producers already at 100% and with all natural resources potential finite supply, its pretty clear that prices will continue to rise.
Not only MRS will benefit but in particular all the coal miners, and not a price spike either but huge long term demand.
Not getting involved with the ethics of it, but its clear to all that those developing countries need lots more power, and the cheapest and short term safest is coal.

appears the iceberg seller we saw undisclosed yesterday has stopped dropping stock just under 20p and now its being allowed to rise swiftly to find its natural level. company newsfeed clarified the market from what was intended as good news but turned into a near 20% hit. This could easily fully revert over next few trading periods.

with 3.2M on deposit and a 66K/ month current cash burn, funds would last over 4 years. So no worries over finance at all. Wont take much to be self sufficient either.

Rebarn, you are right on the money..I would top up right now if I was you.

yes it was, and all over a badly worded RNS which has spooked one large holder into offloading.

Over 700K more buys than sells today with the latest 97k showing as sell, but price at time indicates a buy.

SBTX now in second auction...

Or even a fat fingered MM.. That would be ....delicious😢

now in auction

Possible iceberg seller not yet disclosed. Or mm's trying to shake the tree......fill yer boots..if they are giving them away.

Seems to have bounced off the 100p support level and is now rising at last. Wasnt that many sells that manage to force the price down.

Well I'm going to stick my neck out and call this the bottom of this retrace. Was heavier than I thought but normal trading plus the TW sellers caused a 30% or so retrace from the recent high so not outstanding on reflection. Not easy to buy larger amounts currently iii wont give instant quote for amounts over 3k. Good entry point now if currently out.

we already have 19 deals announced, with suppliers building large production facilities. Think its the other way around..how long can the share price stay this low before it gets forced upwards. The tills are already starting to tinkle, soon it will be substantial, as Stephen says "exponential growth"..in my book and coming from someone who is very reserved in any predictions that's pretty fast and big.
I'm absolutely fully loaded here now with way to much OPTI and SBTX , that any financial adviser would advise.and very comfortable indeed.
Good luck to every holder here...see you before 8am as we wait for that next red dot.

Well I'll wait a bit. Esure make good money and have now clearly signposted that they are available to the market.
Always a good possibility of a higher counter offer when this happens. If not sure take half.

Yes T20 trades, borrowed money so have to close position or cough up the cash. We did see quite a few buys above ask on the way up, and as Dobbin says the top slice nd sell guys are out.