PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Perspective for goodness sake! The guy owns 27,431,756 shares in the company and sellsā¦ā¦.
125k shares lol.
It is a TINY fraction of his holding. A mere drop in the ocean and makes barely any difference to his percentage holding 13.56%
It is practically inconsequential and mere back pocket money. I agree it is the mere idea of a sell that the market is focusing on currently but all it does is provide an incredible buying opportunity for investors who can see beyond their own noses imho.
Itās not a case of āreturningā the licences because they were cancelled. The GSMB have been instructed to issue NEW licences. Whether they will have new conditions attached we donāt know and we also donāt know how long they will take to issue them.
And I strongly believe that the JV will not be formally signed off until the new licences are issued. So yes I agree it is possible it may not happen until into the NY (as much as I hope it is!)
Newland is delusional, incompetent and arrogant.
This is a company on the retreat, contracting and YEARS away from any possibility of break even. Their cash burn remains so high even after the so called āstreamliningā lol.
The growth in revenue it has to remembered is from a microscopic level. Doubling the revenue next year will be much much harder unless they get any commercial traction. In some areas of the business, by his own admission, they are going backwards.
Stockraiser- the only āevidenceā it provides is of continued and indeed accelerating failure to achieve the kind of revenue growth that was long expected here. Your āevidenceā is the SP response this morning.
Closing the US operations is āevidenceā of business contraction NOT growth.
Cashburn continues apace.
The revenue growth is from a microscopic level so talk of doubling and trebling is highly misleading for investors with a lack of understanding of the failure of management to deliver here!
So we now know that our persistent seller was a FORCED and entirely discredited shareholder.
Nothing to do with the company, itās prospects or fundamentals.
They Can only sell once and good riddance. Shares will now be in safer stickier hands, nearly 20% of the company!
This is great news we can push on now.
Agreed. Absolutely itās just a matter of timeā¦.
Very easy for MMās to control and direct price movements now because of v low volume. They will push the price in a direction which generates most business for them.
However there is imho VERY LITTLE downside from here. We have already seen solid support around the 30/31p mark exactly as I suggested.
Hold firm.
MMās in firm control here due to v low volume, quiet and no news currently. Their raison dāetre will be to find a price point where this is more business/demand which is why they are edging it down to see where business bites!
That could all change in the blink of an eye.
Well that escalated quickly lol.
The market waking up to a possible $10m milestone payment perhaps? That would equal the current valuation. Crazy. If it happens the SP doubles or even trebles very very quickly.
Unashamed ramp.
Buys marked as sells on here is NOT a manipulation. It is simply an outcome of how the mid price is calculated.
OBD has a number of different MMās and all of these MMās will have their own bid and offer prices - which can vary greatly. So, for example, atm the bid on LSE shows as 32.1
This means the lowest bid by any of the MMās is 32.1
Conversely the offer here is shown as 34.9. This means the highest offer price currently amongst all the MMās is 34.9
What LSE does is take the exact mid point between the lowest bid and highest offer and that is the mid or current share price - regardless of the actual share price quoted above.
So it is easy to see how, if you purchased your shares through a MM with a much lower offer price, the price you actually pay could conceivably be below the LSE calculated MID price.
I hope this makes sense and clears this up.
There is NO manipulation!
HTH