LoL ....Placing only 11m...WALK in the PARK17 Aug 2024 21:19
Look below..and if you dont understand..LOOK again with both eyes OPEN!
Date Open High Low Close Volume
Jul 31, 2024 9.95p 10.80p 8.70p 9.55p 14,228,241
Jul 30, 2024 11.10p 11.13p 8.30p 9.32p 25,307,296
Jul 29, 2024 9.80p 12.40p 9.00p 10.00p 40,297,366
Jul 26, 2024 7.25p 10.65p 7.12p 9.60p 57,180,492
Jul 25, 2024 3.90p 7.00p 3.80p 6.95p 80,852,779
Jul 24, 2024 2.55p 4.50p 2.50p 3.98p 68,648,238
Jul 23, 2024 2.75p 2.80p 2.40p 2.55p 7,241,373
Jul 22, 2024 2.70p 3.50p 2.50p 2.65p 34,950,580
Jul 19, 2024 2.65p 3.10p 2.30p 2.50p 18,471,973
Jul 18, 2024 3.45p 3.90p 2.29p 2.65p 130,529,434
Jul 17, 2024 0.55p 3.17p 0.69p 2.95p 82,760,143
In total some 560M shares were traded in just 11 sessions ( 2 wks )....thats like x 5.6 shares in issue...
Why do you think mm's were STRUGGLING and playing games..by not letting FOLKS buy on OPEN market....shorts were panicking...DEMAND was outstripping SUPPLY by a mile.......MOMENTUM/SENTIMENT was such that...it has hardly been shown on LSE main listed share...then came the suspension....much needed for the mm's and the trolls....to settle few nerves....
Placing was done....to keep few HAPPY in the CITY ( mate rates )...and given the company few extra £££'s to succeed with progressing our assets in TEXAS...OIL with GLOBAL...alongside LITHIUM!!!!.......make note...if company wanted to they could have rasied more...there was nothing stopping them from rasing couple of £MILLION....but they didnt....why?...well i think they didn't really need it right now....as they will be having funds coming in from GLOABL ( royalty )....question becomes why raise 2 times...why didn't they raise.....lets say ...£660k in one go...on 1st AUG....well imo on 1st AUG....they must have thought £360K was enough...until re-listing and funds coming in from GLOBAL..but as TOM was in TEXAS ( see 1st AUG rns )..he must have seen/done something during the trip where small funds were needed...i.e before re-listing...get the BALL rolling on LITHIUM from ( just guess work )
11M shares issued ..what does it mean??..small dilution...but not much...some 5M of these shares have gone to ii...tr1 expected soon after re-listing...my take is...if even all 11M shares were to be sold..most would have been FWD sold...just look at volumes prior to suspension ( 560M )..shorts were all over this....worst case...if they are to be sold on re-listing...11m will be WALK in the PARK..FFS...we traded some 560M in 11 sessions..thats ...51 times 11m ( new shares issued )...normally the GOLDEN RULE is...to churn through placing shares we X 4 number of shares issued..in our case would need 44M to be traded..again....be4 suspension we exchanged some 13 times number needed to churn through 44M shares...my take is......if placee still hasnt..and wants..to get rid of its shares...then all we need is 1 or 2 days at most..but please remember we have already traded near or above 44M in 8 of last 11 sessions