Member Info for cminhinnett

Nice to see some buys showing as blue for a change, MMs been playing games and printing most as red over the past couple of weeks. Expect to hear on the assays before the end of the month and it would also be nice to hear an update on the grant. This will fly if news is as expected (hinted in recent presentation).

Interesting 400k buy at 1.0p, no reason for the MMs to drop the ask and very little available, now NT at 1.0p. I wonder if that is our friends Tangent picking up a few more..........................

All buys this morning except the 500K @ 0.61p, MMs printing a number as sells to cloud the picture, this looks primed for a move up

MMs don't seem to have any stock and don't want to really raise the price, when they do, they allow a couple of small buys and then it goes NT again. IG now want 1.29p for 100k shares...................

Thought so surprised, I think the cat has got further out of the bag with regards to Tangent's plan, Tangent will want to add the remaining 3% (if that is their plan) as cheap as possible before having to make an offer. The MMs will therefore try all the tricks to hold the price back............................. Game on

Guessing that it is NT on most platforms? I can get a price on IG, however min qty is 100k shares and the price is 1.1479p

RNS out, unsurprisingly Tangent have bought the 31m shares to increase their holding.

It is in Jul-20, not 6 months from Jul-20, please get the facts correct.

16 April 2020

China New Energy Limited

(the "Company" or "CNE")

Result of AGM

The Board of CNE (AIM: CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, announces that, at its Annual General Meeting held earlier today, all resolutions were duly passed.

As a result of the passing of the resolutions, the approval by shareholders in the Company ("Shareholders") has been granted, inter alia, for the cancellation of trading on AIM should the Company's application for listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEx") be successful. Shareholders are reminded that they should complete the Election Form, which is to be returned to the Company's registrar, stating their preference from four (4) options in respect of the transfer of their ordinary shares in the Company ("Shares"). Returning the election form in a timely fashion is particularly important for Shareholders who wish to be in a position to trade their Shares as soon as possible following the proposed admission to HKEx. The options are:

1. Request the new share certificates in respect of Shares held by a Shareholder to be sent to his/her/its stockbroker in Hong Kong via his/her/its current stockbroker in the United Kingdom.

2. Request the new share certificates in respect of Shares held by a Shareholder to be sent to his/her/its new stockbroker in the United Kingdom.

3. Request the new share certificates in respect of Shares held by a Shareholder be sent to a stockbroker in Hong Kong.

4. Request the new share certificates in respect of Shares held by a Shareholder to be sent to such Shareholder directly.

The Election Form can be downloaded from the Company website at:
http://chinanewenergy.co.uk/uploads/soft/191002/1-191002233914.pdf

The Company resubmitted its application for admission to HKEx on 27 March 2020. The Company will update Shareholders further in respect of any developments of this application as soon as it is in a position to do so. If approval for admission is given by the HKEx listing authority, the Company will notify Shareholders of the anticipated timetable at least 10 business days prior to the expected date for admission and cancellation. Should the application to HKEx not be successful, the Company remains committed for its Shares to be traded on an internationally recognised stock exchange.

Commenting at the AGM, Mr Yu, Chairman, said, "the Company and our team of advisers are working hard to migrate our listing from AIM to the Main Board of the Hong Kong Stock Exchange and the passing of these resolutions is an important step in this process. Subject to approval from the HKEx listing committee, we expect this to be completed within the 3 month time period defined within these resolutions.

"We continue to believe that relisting on the HKEx will both increase Shareholder value and provide the Company with access to capital to expand the business.

Hi MFU, there were 3x7m trades, I think 2 were a B&I, the other looks like a clean buy :-)

MMs won't let you buy less than 500k shares and want 0.349p for the pleasure. Now if everyone can hold onto their golden tickets, this could fly.

MMs seem to be trying to put people off buying, real Ask is nearly always higher than printed, even for 50k shares. Buyers don't like paying over and therefore this is limiting buys, however SP still rising quickly. Rerate underway?

There has been some decent buying the past couple of days, alot of which has been printed as sells by the MMs (using the spread) however it has now started to move up and we know how quickly this moves, with any buying pressure this could fly up to and above 1p again

You're lucky to have been able to buy in, any small buying volume and the MMs go NT, they know what is coming............. rerate ahoy

Agreed iwgrod, something greater would be happening if the MMs would let you buy any shares.................

This was at 7p plus recently, MMs have walked it back down to collect some stock, recent RNS had some interesting news and with any buying pressure, this will fly back up again. Nice trick by MMs, print a delayed sell and then go NT to buy to try to flush out some PI sellers, the delayed sell has already been bought back....................lol MMs love them

You see it so often, but on the rise and then sell shortly after at a loss, MMs seem to prey on it and people fall for it everytime, take their reduced money and chase another rainbow.......................

They have moved quickly to secure that then, especially in the current market, although it may have been agreed earlier pending the delivery of those key aspects that you have mentioned. Any idea what the price will be? I only have a small holding so it won't make me rich, however guess it will be higher than current SP :-)

What makes you say that Stretchum?

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