It's the same with any stock nowadays. Any good news and it might go up 8-10% before being sold down a bit. Any negative news and stocks drop 30% and its 50/50 if they recover at all. See it all the time. That's the modern world for you.
I agree with you Hawkey, storm in a teacup as always. People jabber on about it too much, we've seen it all before and I'm sure we'll see it all again. Onwards and upwards.
It's nice to read an upbeat RNS. You can tell from the comments and the tone that things have been going well. Finally no negativity, just an honest assessment and a plan forward.
Yep, or debt financing. Personally both are good from my point of view. As long as we get the financing to unlock the value of the project then as investors either way we are on to a good long term return. We need the financing, it looks like its coming in one form or another. Looks like there's now virtually zero risk this will just disappear as a project. Onwards and upwards.
That looks like an absolutely superb update to me. Now looks like we will go into production with the revised plan and scale up as we move on through development.
I'd argue it's not been a day trading stock for a number of weeks. The wide spreads make it virtually impossible to make a consistent return on a day trade. Previously it has been, but at the 3p level there's been no day trade value.
Alot of negative nellies on the board today. Highlights the number of people short or wishing they'd bought at sub 3p. Stop your whinging and complaining, buy or don't, just stop whining.
From a technical point of view it formed a double bottom today, and the positive close is a bullish indicator. I'd expect to see it continue to recover tomorrow.
It wont be 52p. My view is 15p would get enough backing as it would cover the majority of share purchase prices with the rights issue priced at that level. Just a guess though, have no idea really.