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Also, there has been a slow shallow `bowl` consolidation pattern for a good few months, and the 50 day EMA is now rising!
The market is anticipating a move higher so I thought it was a good time to jump in on Fridays dip and buy at 3.1p
..and they've got enough of a financial runway for plenty of drilling, with more asset sales to come.
Thats why I topped up late on Friday with just short of 500k shares for trading...timed it just right...for a change ha ha!!
Yeah the silence is deafening! With the full on, front foot approach since the new team took over it's highly unlikely that they have just run out of things to convey to the market.
They must be discussing/negotiating/working on something worth their full attention to just go silent, and would expect the next price sensitive RNS to be significant.
Nick Tulloch wouldn't have just gone to Aus on a jolly up in the warm weather without having good reason to.
Exciting times for ECR.
I've noticed that every RNS that the new board have released have been efficient, common sense, positive, optimistic, driven, and shareholder friendly!
All we need is some significant results and the market will be all over ECR!
Another positive RNS in line with efficiency and utilising assets in the best way.
My first reaction was 'oh no, whats happened' when I read that Adam Jones was stepping down, but was very relieved to read the rest of the details, summed up by Nich Tulloch in one sentence...
' We need - and we have - a dedicated and experienced team on the ground who can concentrate on bringing these opportunities to fruition. Asking that team to fulfil other duties, particularly those covered by existing board members, is a duplication of resources."
Nice clear thinking by all concerned.
Bidstack
Bidstack
@bidstack
ยท
5m
The Bidstack team are gearing up for two days of connecting with partners, developers and publishers, as we head off to Pocket Gamer Connect later this month! ๐
Meet with the team to learn more about the benefits of monetising your games with seamless #InGameAdvertising ๐ฎโฆ
#GetInTheGame #PGCLondon
https://twitter.com/bidstack/status/1745098219204362345
They're probably buying...because even they can see that its a no brainer position going in to 2024.......at this price!
Funny how all the dummies have gone quiet!
Cambridge130 said just last week....'As predicted the share price took a dump! Next Draper will drop his "festive season" turd soon enough !'
Hows that festive season turd going....cat got your tongue?
Plank!
They were always going to get a settlement with AZ, you can't just stop paying invoices for services already provided as per a signed contract, thats why I said wait for the outcome of the case before writing Bids off.
Hardly any mention of it on here, but some clear thinking punters were buying in the low 0.2p's expecting at least a positive outcome.
Not many would have predicted how positive it would be.
Azerion wanted to ruin Bids, and have now had to accept defeat with their tail between their legs, and not only pay EUR 3million but also accept that they want to have access to Bids tech because of the quality of whats on offer.
This is quite an endorsement of Bidstack's platform, and certainly played a part in the huge volume of over 68m shares traded on half a days play...8x the normal full day average, closing up a staggering 130%!
A new start for Bids going in to 2024...with cash in the bank!
Good to see there was no leaky ship with this news, otherwise we would have seen some big late buys yesterday.
0.2p's....make that 2 bags!
Those listening to the tripe of the deramp brigade and selling in the low 2p's are going to be gutted....they could have had a bag for Xmas! Ha ha ha ha
Settlement and new commercial partnership with Azerion
Bidstack Group Plc (AIM: BIDS) is pleased to announce that on 22 December 2023 it reached a settlement and new commercial partnership with Azerion. Following extensive discussions both parties have agreed to resolve the claims that are currently pending at the Amsterdam Court, any other commercial disputes and move forward collaboratively.
A total payment of EUR 3 million will be made by Azerion for the settlement and the new commercial partnership set out below.
Following the settlement, Bidstack and Azerion will enter into a new commercial partnership which will be operational in early 2024. Bidstack will work with Azerion's supply side platform, Improve Digital on a non-exclusive basis to enable Azerion to access Bidstack's premium gaming inventory.
Ha ha ha, I did say wait for the outcome, and this is better than could have been expected.
So to all the frenzied frothing at the mouth derampers...put that in your pipe and smoke it!
Merry Bidstack Xmas :-)
https://www.voxmarkets.co.uk/rns/announcement/b0addb62-2806-4be9-a95a-39db993a1fba/
Yos3mitesam, muted sp response so far, but this is normal as the widened market has not digested the relevance of this news....yet!
Check out Condor Gold, they updated the market with another fund raise on 12th Dec, after a sale of assets update on the 5th Dec. Their sp jumped from 14p to an intraday high of 17p on the first update, then retraced as profit takers took their cash out. Then on the day of the fundraise the sp stayed flat at c15p.
The following day it started to move and is now 21p to buy.
More often than not there's a delayed reaction as traders who are up to speed with the story watch the volume and other signals to wait for best entry.
I would expect this to be higher this week as the picture becomes clearer to a wider audience.