I noticed this on the losses board yesterday. Looked over the financials From my quick look over, I got the impression people where taking profits (for the holiday). I've dipped my toe anyhow.
Well looks like it saved you some money... I think some nastiness (for entire market) is coming, but once it starts poly will look like a good investment.
Just read that funding RNS again... Dilution of +4x current shares for £1m; frankly that is a joke. If acted would almost certainly take this down to 0.08p - 0.12. I defiantly will not be coming back. Good luck if you stay.
Unfortunately, as much as I like to believe this will go up... bar any news, this is almost certainly going down to 0.4-0.6 by December. Some questionable actions and inactions from the board; namely Chan F. Meng investing Nova money in TRIC (also owned by Chan F. Meng). Their inability to renew the contract since April!... GL, too uncertain for me.
If I had to guess, I would say the MMs have been made aware a change in the book-value of the company; i.e. its gone up. Not the first time I've seen this (a raise solely engineered by the MMs ask/bid, on no news).
A lot of people selling at a loss there if they bought today. Seems silly considering fair value is 2p and the on-going haulage contract probably means they're negotiating for longer term.
Considering they have the trucks, the employees and the admin... this share simply hasn't gone anywhere due to zero news. (Its hard to imagine those trucks are doing nothing).