Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
adv11 good post.
I believe you were early to the sector, and would probably argue we are still a little early now. The conditions dictating guarantee of transition to a lithium future, creating the supply/demand imbalance, are still a little while off hence you see figures quoted at 2030 projections in the likes of today's RNS. I think there is scope for investors to be vastly rewarded here, however with the market maintaining such an "inefficient" looking valuation of £50m here against the project NPVs and inherent value for so long, I agree with the notion that it seems ever more likely that this gets taken out at approx 25p by one of the stakeholders. I do not see enough Director skin in the game or motivation for that not to be the case, accompanied by healthy salaries for all the BCN incumbents.
*regardless of size
Ticking it down on literally any sell, regardless of sale.. market makers really enjoying themselves today...
To those blaming global markets and what's happening around the world - please go to your charting software and overlay Metro bank against FTSE100, Global MSCI ETF etc and tell me what correlation Metro has had to the rest of the world. It's cratered non stop from £40 to £1 and change over around 2 years, and now even Directors have stopped throwing money at it.
The reality is if you believe in a business and its fundamentals, if the price halves you love it twice as much. That doesn't seem to be the case here from the BOD and NEDs who have all shut up shop when the market and sentiment need it the most.
Good reasoning. Bears are in control & irrespective of oversold or anything, price continues to decline.
Today's action.. ok, so at 4:14-4.15, 164k of shares was dumped under the bid which cratered the share price. Market dynamics on a share that up to that point had been quite illiquid on the session, fine. What I like less is the lockout at 4.22pm and the zero trading for that final 8 mins. That sort of nonsense usually precedes market moving news, and coupled with the sales would smack of leak/insider ahead of bad news. That last bit is purely speculative, but there would have been no reason to not have opened it up at that lower price following those large sells unless something was a little awry. Tomorrow am will be telling.
The time of the last trade - then they put into auction for the remainder of the session. 8 minutes of no trading into the close. Certainly not wanting to incite panic (the media are doing a tremendous job of that with other things), but have a very uneasy feeling about what this might mean and if anything regarding Metro's FCA probe has made its way to RNS or been leaked. Not ideal, and no idea where they'll uncross the close.
Considering Metro was the first bank since the 19th century to get one, I'd imagine its worth a heck of a lot! Priceless to anyone wanting to get a foothold on the UK market. This share is the ultimate test of logic and patience. Down again, would now be just 2 up days in the last 15 sessions. Staggeringly oversold, unloved, undervalued etc.
Buys & sells roughly equal, so like the drops that have preceded us to arrive to here, this is market makers (one in particular) walking it down to a derisory level under the guise of some sort of correlation to the coronavirus outbreak. It's not as if we have a persistent II or other large seller dropping constant big sells on the tape. The investors are long term, supportive, and big names.
The future is coming; EVs will be mandatory going forward and lithium demand will grow exponentially, irrespective of people losing their mind over this virus. Emissions will not become less of a priority even if it gets significantly worse. There is a reason Ganfeng, Lithium ETF, Tesla ETF have all been making new highs of late. Unfortunately given its AIM listing, BCN has floundered even against that backdrop.
It's now cheaper to buy than Ganfeng or M&G paid, and I wouldn't be surprised to see the balance of this company go for a song if this walk-down continues. Any time any sell hits the tape, JBER are dropping the ask and forcing prices lower. They are working on behalf of someone, so as ever lets see who in the background this unjust price action benefits.
TheItalian, agree with your response. My only counter to your comments on the general economic decline counterbalancing, would be the contention that any economic decline and loss of disposable income, should it happen, in my view drives people towards the likes of EVRH as an alternative. In that position, people are still people and will still want to see their favorite artist/festival etc - so do they pay up to hundreds of pounds for a ticket, as well as complimentary costs such as travel, accommodation perhaps etc. Or do they watch it from my home as the next best thing for a tenner? I know what I'd do, but all IMO.
BCN should have held up better during this, as its not revenue generative or consumption indexed, and with offtake agreements in place for its output I'm struggling to justify the circa 30-40% drop we've seen in under a fortnight. EV transition is still happening, and governments will not abort plans to reduce emissions and get people electric in the next decade, over a virus that will have a vaccine by this time next year. Mass overreaction to what should be a relatively sheltered stock; and surely like me, most will wish this had the correlation to the broader markets when they were all so high just this time last week. Of course, it didn't.
Yeah, agree. You can tell it’s blanket selling and mark downs when there are plausible positives for a company like MelodyVR should coronavirus take hold.
Already seeing the Swiss ban gatherings >1,000 people.. if this takes hold and is replicated, goodbye live events scheduled this year. All the while those behind them will be looking for means to get together the labels and artists to broadcast said events from “behind closed doors” to the masses. Step up the likes of melodyVR. I had expected this to be a star performer during such times, and perhaps it will pick up that sort of interest when that reality dawns on investors.
Because AIM is a bent market, so if the FTSE is struggling the market makers try to pretend like AIM is correlated to it. That correlation is nowhere to be seen though when the broader markets are high and on the rise, like they were until Monday. You’ll also notice buys going over the ask and little available at these prices; all to facilitate cheap accumulation from the inevitable distressed selling we are seeing from the fallout of the major indices correcting.
Good luck to you boys, don't think you can go far wrong with your money parked here. When the broadway billionaire is happy to value the proprietary technology at 15p and stakebuild at an average far in excess of today's price, you're in good company. My gripe is more the AIM market and how everything I own on AIM has been universally marked down today, yet it has been nowhere near marked up when indices have been rocketing to ATHs. Always just feels like a stacked deck on this market, even in the case of EVRH, which really is too good for AIM.
It's an opportunity, but there seems to be endless opportunities as the drops just come at will. Let's be honest and say how correlated EVRH is to the broader markets (none, its moved completely independently with zero beta). And if anything, travel issues, increased home consumption of media/entertainment etc, would be a plus for companies like MelodyVR. Yet, this gets crucified, and likely will now fall deeper.
Of a down day & shares like EVRH all of a sudden become a huge proxy and massive correlation to the broader markets, and get marked down on fresh air. If only that was the case when markets were going up, and stocks like EVRH got marked up when the indices were breaking their new daily ATHs of late. Just another reason to avoid AIM, where market makers do as they please, when they please, and the deck is ever so stacked against the private investor.
The large buying continues again today. Definitely been a theme of the past couple weeks, and feels like some considerable accumulation taking place during this lull in news and easy marking down by the market makers.
It was a spoof in terms of it was nothing new, presented as some sort of find/discovery of a major pending announcement and accompanied by an abundance of position dumping.
EVRH have been trading thinly OTC on that ticker for years. It;s pretty simple to check - go to the NASDAQ page of the listing "discovered", scroll down to historical data, click MAX on the data, and you'll see the first trade (50k ADR) on 10/12/2017.
https://www.nasdaq.com/market-activity/stocks/evvrf
Scarcely new news and scarcely indicative of a US dual listing approved (which would been accompanied by umpteen disclosures mandated by the SEC) or imminent.
This is AIM after all, and there's either an intention to mislead or a serious lack of research by the PI who follows what they read blindly. Both criminal in their own right.
There's no NASDAQ element or discovery - it was a spoof, likely perpetrated by a few in coordination, to shift some stock. Which also why you didn't see the companies' biggest fans such as Akers and Gib even mention it. Seems those behind it are now gone, so onwards and upwards..
Getting awfully stagnant here, and some news is really needed to re-ignite some interested. News as in meaningful news, not another NASDAQ style spoof to enable a select few to dump stock into volume.
If only that had resulted in something tangible for shareholders ie price increase, not decrease.