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i think so. IMO about 6p within couple of months. TMP order must be nearly filled and then MM's will allow it to find its own level. Results expected end of May and gold pour by end of June should both produce positive effect on SP. If TMP value it at 6p so do I for now.
update yesterday: http://www.riverdiamonds.co.uk/admin/Latest/Docs/Microsoft%20Word%20-%20Westech%20Interims%20Dec%202007%20%20-%20FINAL%20-%2030.04.08.pdf
agree, definitely time to buy, and yet more sales yesterday and this morning. i may even top up.
ready to rise?
large trade this morning (2 mil shares)...buy? looks like it. Would TMP or RVD have to release an RNS when purchase order is complete?
large trade at 4p. looks like a sell at that price but why would anybody offload that amount at a time like this?
yeah, buys this morning were at 4.05p and are now at 4.15/4.19p
and more buys and yet the SP does not budge
Templar was set up partly as an "asset aquisition" company and considering they have only recently increased their stake in RVD then it is a good guess that they may increase that stake later. It's only an opinion though.
spread is really 3.9p - 4.1p much better than the 3.75 - 4.25 put out by MM's. Reckon a few will sell if this doesn't move and MM's will pick up a few more. I guess I hope some do sell and speed the process for us that are sticking.
it's boring isn't it...wish people would DYOR!!! instead of asking the same question over and over and over and over again.
the market has closed now. delayed trades showing now wont affect the price.
none of the buys are above £5k worth but some of the sells are for £10k and £20k, how many others had trouble getting hold of shares today like bigdrop?
yes and that is the flaw in my argument. I am only guessing at why the SP is lower than what we would expect it to be. TMP have agreed to purchase 143 million RVD shares at 6p. A lot of shars that the MM's have to find. I guess the MM's have to release some to the public or it will look a bit suss. I don't know. Who does?
it is TMP that are buying shares in RVD at 6p. MM's are filling the order and therefore keeping the price down so that they can sell on to TMP for 6p. please see http://ww1.investorrelations.co.uk/templar/uploads/press/RiverDiamonds-ReadmissionandAcquisition.pdf for information about that irrevocable offer.
so far so positive. i think the MM's are holding SP down to cover buy orders (probably TMP @ 6p). if so this should rise later. They want therir share of the pie too. 6p by end of April/May
not going anywhere me. more buys please.
it will take 49 years to get it all out!!
i am new to mining, i am trying not to get too carried away.
I would work on a more conservative 5.5 x 4.1 = 22.5p as we have 830,000 oz gold reserves.