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Completely oversold today. Probably a combination of some warrants selling out for a quick buck, PM price retraction, and some wobbly PIs selling out or getting caught on stop losses.
I for one will be freeing up some more funds to top up this week, so from a selfish perspective I hope the SP doesn't recover before I do?
I'm going to put my neck out and say I can see an intra day RNS popping up today or tomorrow, had a good feeling about it last time! Elizabeth Hill or maybe even something big and unexpected. SP is holding up well and I think it will only take a bit more buying pressure to push up up to 1p and beyond.
Those that sold out for 0.70 or 0.65 will not find it so easy or cheap to get their shares back off Mr MM. Some may disagree, but I think you should never trade an AIM share that you are confident in. Very few come along with the potential of UFO. Hold on to those shares tightly and you'll be handsomely rewarded!
Some very short memories here. Doom merchants were out in force for the placing in May at just 0.08p, and has that been the disaster that it was claimed at the time?
The sells will be absorbed, and I think we will see a strong recovery back to yesterday's highs, either today or Monday.
Agreed Pash. I was going to slice at anything approaching 0.5p, not a chance of that now. This will easily go to 2p or more on any news of a JV, with as many projects as we have in play you can scale that up for every single one if they come to fruition. We could easily be seeing 10x the current SP by year end.
Really pleased to see such a strong bounce today. Goes to show you that the SP crashing isn't necessarily what it appears on AIM, not on L2 but I suspect the MMs will be short on shares again so this could be set to head north rapidly. TA traders will also see this bouncing off the MA so a good bullish sign.
As volume is low and the rise has slowed, the MMs are having to use a massive spread and drops in price to scare investors into selling. This will pass when the next bit of news hits, for now its all just about sitting tight and remaining calm, we all know where this is headed.