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Calamiri,
I answered this below. The premise isn't false.
My point was that MAJOR investors had bought or re-bought at mid twenties, 28p and 38p. Sure other II's have taken smaller positions at lower prices and we'll done to them.
The point is that the price is oversold and significantly so by the value that people are placing on it and continue to place on it. Until those organisations lose faith neither will I!
However good luck in your investment strategies I lived you are wrong here though..
Cheers
Ciderhead
Not my recollection - black rock high 30's, Russian outfit 28p. American buyer took the full placing at mid 20's I think!
Sure some others bought lower but those two are significant in volume and price!
Cheers
Ciderhead
Hi,
Why have all the II's bought in at 28p and above and not sold?
Why has one of our formal advisors bought back his 28M shares?
Why has Dimitry not sold?
Yes there might be some small pruning of positions but the overarching point is that the significant holders and II's have held.
AIM is a roller coaster but with those points above holding firm I am still happy to hold. 1M shares long and strong!
Good luck all and all in my opinion!
Ciderhead
Just a thought to the drip drip on the share price and the maniacal glee of the de-rampers.
AIM is sentiment based and people will sell on stagnation and no new news. Not so unusual!
However the significant buys of II's at 26, 28 and 38 and holding (if not the volumes would show this) IS unusual in my view! Strength and depth with II's shows confidence overall in the future share price!
Just my thoughts DYOR but still holding 900k long and strong...
All the best
Ciderhead
Lots of opinions so here's mine :) :
1) Multiple II's in from 26.5 to 38's
2) Added value though the JV Rosego
3) 20M raised at market rate (no discount - very rare for AIM)
4) PGM prices only rising
5) Credible buyer on the prowl
I believe we will still see a significant sale of MT or at least a buy in there and continue as a major player in that space. It's hard to see the downsides of an underpinned 26.5 plus share price with other II's in above that. This is not retail cash - follow the big boys!!
Still holding 900k - in it to win it :)
All the best
Ciderhead
I think the RNS yesterday was proof again of progress and an increase in expectation on WK. However was never going to set the market alight on its own..
However if the reserves in WK have been under estimated in terms of production results what does that mean for MT and the potential for the data being shared with potential suitors!
I don't blame people for trading the dips, I managed to get 100k around 18p and sold again at 24p. Money is money, however I still have a core 1M sat awaiting the final result which I think still will be £1+
Good luck all regardless of strategy!
Montyboz I think it's incredible that with all your encouragement for people to buy posting facts and stats and your reversal after the recent drop that you still feel you have credibility here.
If you've somehow seen the light that this is all a scam and have sold up then move on. Have all the positives you spent so long polishing and presenting disappeared, of course not. Has the the FSP halted ? No! Have we actually had an RNS stating non binding offers on the table - yes!
Stop trying to be a tarnished white night trying to "save" other investors that you encouraged to invest.
Ciderhead
Don't forget as well it's Norlisk Nickels capital markets day as well tomorrow! Board meetings previously in last few weeks to agree a "Transaction" needing a serious board quorum!
Maybe all the signs are aligning - DYOR research as always and no advice or but looking good in my view :)
Hi,
My take on this is that will naturally be traders who have bought in expecting a quick spike on flanks news and sell on profit! We managed circa 20% Friday and Monday so a very decent return for those on day trading strategies.
So the short term drop is not unexpected in my view. However the recent top up by a significant holder and more due diligence processes by UBS don't smack to me of a FSP in decline or a dramatic pull back overall in share price!
Nothing goes up in a straight line and people's strategies whether daytrading, short or long are what drives a market.
Everything still lints to significant II interest and increasing strength in the FSP negotiations.
Top slice or limit your risk (in my opinion) to what you can afford as I did, original 3.3M holder now down to 1.2M after slicing at 5p and 21p.l but purely to give a free ride to the end result. In hindsight I wish I had kept more at 5p but who knew :)
Keep the faith as Bon Jovi said (showing my age) and let the very strong indicators here play out!
DYOR as always and good luck all!
Cheers
Cider
Hi All,
DS only currently extended his 1M line of credit until end of August! Says to me he feels a deal should be done by then!
Doesn't mean he won't extend that facility but I feel it's an indicator to sales processes that have been underway for a while coming to a conclusion!
Just my thoughts and DYOR as always...
Cheers
CH
I hit my top slice target today at 20p and sold a third, 130k wipes out debts and some other less savoury investment losses on XEL, GKP etc!
Never thought back in the days of 0.8 we'd be in this position so quickly as had a lofty target of 20p then!
Still leaves me 1.2M to hold as a free ride till the end and a healthy payday! ??
Only regret is getting nervy at 5p and selling 1M then - hindsight and all that!
Cheers Cider
Hi,
Not sure if I have seen this posted yet but Dimitrys (a directors) 1 million line of credit was extended only up to 30th August 2020! Any indication perhaps of confidence in a sale being agreed swiftly? DYOR as usual!
Cheers
Cider