focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I think it was for about 2mins, now NT again to sell - FFS
Finally the MMs drop the Bid to 10.30p after a couple of FOK orders, however are still NT to sell - WTF that's over 2 hours now.
MMs have been NT to sell for ages - make a market and drop the Bid if you aren't prepared to take stock at 10.50p - FFS
Despite a number being printed as sells as the MMs cleverly widened the spread and kept the Live Ask below the Midpoint :-( Next buy pays 1.1245p and a nice bounce off the placing price - MMs always like to touch that. Nice reversal with news expected............................
Some decent buys this morning 1m @ 1.57p and 666k @ 1.549p, although the latter is shown as a sell as it was delayed and was < midpoint of the spread at the time the MMs printed it. This company is well on it's way to a complete turnaround following the acquisition of ADEPT4, they agreed a strategy and are working their way through it with considerable success. They have reduced the cost base, increased customer retention and focus on business development. The recent news was fab and whilst they are making good progress through the strategy, I feel the price is lagging well behind and therefore represents a bargain at anything under 2p
Some decent buying this morning after the slight retrace back to 1.4ish - 1m @ 1.57 & 666k @ 1.549, although the second one was delayed so it is printed as a sell (< midpoint of the spread) I think the story gets better and better, right place, right time and adjusted cost base and focus on continued implementation of strategy, turnaround is well underway but still a bargain IMHO.
Same here Echo1, decided to grab another 490k share top-up, I think the next news will be the test results and this will smash us through 1p and beyond..
A fantastic update and implementation of defined strategy, it has been a painful hold at times, however I firmly believe that this is now very much and very quickly moving in the right direction. This was over 4p when it was Adept4, CLCO is now a far better company and sits under 1.5p - this will rerate quickly now that the company has been turned around - Onwards and Upwards.
MMs asking 0.14p for any buys - looks like they are very short of stock as offering 0.11p to sell and the only decent buy paid 0.125p for 5m - decent premium
My feelings exactly, unfortunately a Long term hold for most retail investors is beyond close on the day that they bought.............. I have complete trust in the BOD of MNRG, the way they operate, the way they execute on their strategy and the way that they communicate with SHs is fantastic and I wish the BOD of my other investments had the same level of respect for their shareholders.
Goldridge seems to have been forgotten or completely underestimated by investors and personally I feel that once this does get underway we will rerate quickly, tie this in with improvements on the current O&G asset as explained by the company and with a new acquisition and the rerate will happen very quickly, personally I see it being north of 2p at this point.
I did the same obone and as Shedulike said, the sell price was higher than the buy price ;-)
Now the MMs have collected a few sells, they have graciously decided to allow buying - not much available though ! !
MMs will only let you buy 50k @ 1.25p on IG before going NT and asking 1.29p - yet still some people sell - WTF
They have been NT to buy @ 0.95p since about 3.30pm yesterday - hold onto your shares and they will eventually move the Ask up and let people buy. My guessing is that there is another large buy order in the background hoovering up any spare shares - don't forget they paid 0.88p when the Ask was 0.80p so expect it to be over 1p ! ! ! Let's get the news out and rerate
The recent large buys really look like an element of 'insider trading' and that can only be the case if news is available but not yet released to the market - this is going to fly when the news that has generated this recent interest is confirmed to the market - I reckon this week......................
Completely agree Echo1, especially so soon after a fundraise which looks like it went into sticky hands , those must have been made stickier by some expected news................ This will move very quickly soon, I am certain of it
jscapper - I am getting 0.85p on IG for 250k shares when the Ask is 0.80p
Bid is looking very strong this morning - 0.78p for volume and people having to pay over the Ask to get shares. Feels like news is inbound for sure and by the strength of the SP (so soon after the recent fundraise) it feels like great news.
I thought that at a quick glance Investor81, however didn't have time to look properly - Good news then, I do very much like the look of MNRG
Before any of the usual derampers announce that the Spencer's are selling out ;-)