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The CEO/Company have no interest or want to increase the Share Price - a higher SP would just make it harder for them to raise money. A higher SP doesn't mean any more working capital - and as the directors aren't confident enough to buy shares even at this level then they are more than happy for this to drop a lot lower than where we are. I always posted that Suzy was probably a great scientist, decent person and a terrible CEO - but given where we are with her choices of evaluations which have come to nothing and the way the Company has mis-led its shareholders - I am not so sure about the first two any more.
TO is very possible at those levels - tax credits alone make this a target. Not sure that 4 quid would be recommended or accepted and any sniff of a Takeover or share being accumulated will have the SP shooting up towards those levels in any case.
Charting here when the fundamentals have changed is nearly pointless. I suspect the old trick of buying kn yhe dip after the first 2-3 hrs of news before it rises again, Second day more rises and sell after 2hrs of day 3 before the swing traders lose interest and retail rainbow chasers get spooked. Without any TR notifications here I think this will go through 300p in the next day or so. Either way (right ir wrong) this is hugely positive news and a huge endorsement for JOG that should reasure potential Retail and Institutional Investment.
Wait till it drops below .25p if you are going to take a punt here on any counter offer. It likely will drop to those levels later today or tomorrow but unlikely to get below the .25p offer imo, so maybe worth a punt.
Has-been, not sure what indicates anyone has been averaging down. The price movement and trades do not (imo) indicate that is the case. In fact it is nearly impossible to work out what or who has been buying or selling. Today in particular is strange - the live trades are may indicate that the SP is being slightly manipulated or that some entity is accumulating under the radar- either Iceberging or large buys are being filled which may show in the future. Still on the fence though.
Any suitor will need $300 mil for the debt and another 300 to take the mine to production - the cost to aquire all shares is relavely small (between zero and 50 million (20p per share)). So the SP will be manipulated down and up for the next few months but would be a brave trader to buy even at those levels just now. Buy sub 5p and sell at 10p may be worth a call but not for orphans and windows.
At last, Shame about the timing though - as a 0700hrs Monday morning could have bagged the SP - but I suppose it would have leaked later today anyway. Next week when the markets wake up should see this reach new highs.
Newbie, if that question is for me then the answer is not this year or next - possibly 2025.
If you check my posting history since buying in here in the 70p and then 60p range then you will see my thoughts on this share - so far they have luckily all been pretty spot on. If you want my best SP guesstimate - 150 Q3 (2023), 200 Q1 (2024), then we shall see.
No sell off, just shares changing hands as some take profit and the SP going to where it gets the most action. Also I suspect that there are quite a few building decent longer term holdings that are prepared to sit it out and not trying (and ussually failing) to get a couple of % by day or swing trading. Let it build gradually over the medium term. Happy with 148-150 sometime Q4 and above 200 early 2024 - that will be a 3-bagger for me, albeit on a relatively modest holding.
If you are on about the single QUB guys sat at less than 1% then please do your research - as I posted a while back - this is likely a uniformed arbitrage play and nothing to worry about. Yes we are on the verge of the FTSe250 but this doesn't seem to get shares the boost it used to when the tracker funds used to pick up and buy in straight away. Tomorrow and the rest of the week will be interesting and as I speculated last week - closing above 123 is hugely positive - if we end the week above 123 then I will be looking for 148 as my next target in quick time.