I posted this last week5 Feb 2018 09:16
Thurs@ 10:38
That's how I see it too MH and the reason I still hold and have increased this week and last week. Maybe a little early as those buy are 10% down.
I have a feeling this price weakness is caused by II's.
They can buy the shares off the bid I believe and you will only see the sell at that time. Then the price rises a little and they complete the transaction and report it at the average price which shows as another sell.
Are II taking their position before the big climb?
and Thurs@ 15:42
Bandit1, I agree with your points on building a reputation and completing current project. However we wouldn't have platcro and Kabwe if they hadn't done anything else during this time.
We already have an II who bought in on offered equity and they were happy to pay 3.6p/sh having done there DD. What's not to say other II's are not looking at the same data, but do not have the opportunity of a placement, so must buy on the open market.
I have been in shares that drop and continue to drop with no real reason. Then a couple of TR1 notices come out and the SP climbs over a period of weeks or months to new highs with no major news.
Q4 was less than the market expected, but still a continuous improvement on previous Quarters, even with the excuses.
WATCH THIS SPACE - I'm thinking 7-11p would not over value the company if results continue to improve.
BB