RE: RE: City Market Makers25 Jun 2021 09:16
The current share price value has nothing to do with City MM. There is no confidence in Tullow's abilities to weather the storm at present. We can all guestimate what the price it will be, that's just false hope. For anyone who knows this share, Investors have lost their shirt on it. Tullow is at a turning point now but until the hard earned cash receipts are announced, investors are holding off. The Shorters aren't suppressing this share, it's only 4% reported. There's simple no liquidity within the share buying. There's no decent volumes going through either side and you can't suppress that unless investor have no real reason to buy. The company has been streamlined, which happens for a number of reasons, possibly looking for a potential suitor. Uganda was sold, yes cheap but when you're hemorrhaging you need a lifeline and that was it. If it was still on the books, we'd flatline. It shows our ability to recover. Take what you want from this, GLA. Play Nice!