Profit - taking in a jittery market. Yesterday was dire ! Maybe some auto sales have gone through whilst some lucky big investors are on holiday. Shock for them on their return.
Oh Wow! Considering the jittery market, selling out Solgold a bit too early at 32.4p does not seem at all bad now. I may buy back in this month though, however, it depends on whether they fall another 10 % +, so I would not refuse them at 22p. We shall see !
Maybe they were right after all, when I saw the comment after the dud Jade well. There were some investors that saw Empyrean @ 'what looked like a bargain price that day.' Have been an investor in Empyrean over many years, but I sold out too early for profit recently this year.
2,643,429,529 Open Offer Shares at £0.0018 per New Ordinary Share. Also there are now 16.2bn shares in issue. So after today's long awaited pleasing news, maybe they will beef up the share price with a consolidation such as 20 - 1.
Not too sure about Boohoo going along that route yet. Also ASOS has been heavily used during Covid times. With energy prices up & interest rate rising I doubt things will become popular for the Retail Stocks this year.
RE: UK Oil & Gas shares off to the races after Horse Hill is granted production permit5 May 2022 13:19
All is happening and explosive in the Surrey Hills near to Gatwick. Boy ! we have been awaiting this permit news to be granted. Very well done to all backers that had faith here. Rewards do happen.
I'm sure institutions will soon be backing this, & so we may see a rise to £2 - 00 , but probably not this summer. Careful with investing too much with this starter in this field.
With retail stocks having become unpopular owing to maybe having had too many sales whilst covid kept a lot at home, Boo Hoo gave out a profit warning & today I read that Joules Group the country clothing firm saw their last 12 weeks sales slide. What does this bode for ASOS ? Well similar with their sales dropping. They have also pulled out from Russia. I shall see how the market reacts to the interest rate rise before climbing aboard this stock. Yes it's a buy for recovery, but may have a further drop depending on how markets react later today re the economy stability etc.
Shares are a hold for those who bought in around 60p shortly after the float & the gift to us President Energy holders. View my previous post mentioning how steep the rise has been. Some sold around £1-48 then !
Owing to their recent rise, my pretend buy, just for monitoring, about 3 months ago - YES end of January, has doubled, so some automatic selling is bound to occur & this share could drop to only 20% up on the day.
Not too sure whether it will continue it's rise tomorrow as it's a bank hol. weekend & profit taking is bound to happen, after all; some have bought in at 60p say. They might be tempted to sell 30 % of their holdings on such a risen graph.
Double in price at least this year25 Apr 2022 09:59
I was advised to buy a few after their Antibiotic Induced Hearing Loss ("AIHL") system for infants made breaking news. Besides covid tests, this is huge. Genedrive has rocketed before as not many shares at present in issue. About 91.8m.
Might be a placing announcement soon.25 Apr 2022 09:37
Still a good buy for recovery & any placing would have been heavily oversubscribed; no doubt we shall hear soon. Last week's news was welcomed so this will hold up the price which will further rise.
· US$6 million additional liquidity and waiver from Sprott Resource Lending
I do agree with your post, & remember the transition from a penny share & trading the share a few times when it took off. Whether either of the backers will offer a takeover this year ( I am doubtful) remains to be seen, so at the current valuation there is a high element of risk still, as other's have posted. Good Luck for this week.
Has to be mentioned that Pure Gold Mining has awoken on a financing support deal today. They might drop back a little from their rise of 24% today though. Should reward nicely by October this year. They are in recovery & the gold is in Canada's mountains.
· US$6 million additional liquidity and waiver from Sprott Resource Lending