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What has changed is that the shares were incorrectly been deemed worhless but this has been reviewed and retracted by the brokers themselves. The company is currently private like so many others. What remains to be seen is if all this fighting is over any value or to simply start the company up from scratch , personally I see little point in the later for all the money being spent in the process.
Further to our previous communication we now understand Frontera Resources Corporation has not been Struck Off as a registered company in the Cayman Islands and the shares have therefore not been deemed worthless
Odr. To be fair we don't exactly know why the brokers reinstated the shares it could have been pressure from both company and holders. The fact they got incorrectly removed in the first place may have been due to pressures from another group whom we know pressurised brokers to pay out on shorts. Alot of headwind here but progress aleit snail pace is clear
Odr
The Company have done sweet fa to lead to your misplaced enthusiasm I'm afraid.
But they are still breathing and there are grounds for optimism that there may be a deal with the GG being thrashed.
Which is it? Cant be both, they have either done sweet fa or they may be trashing out a deal with GG (who only stand to gain from such)
Loeed received an email from teh compnay saying there had been a mistake and that the compnay were contacting the registrars to sort it out which they have obviously done and quite quickly as well.
As far as worthless.. why would anyone go to all this trouble if they were ultimately going to remain worthless? Surely it would be the ideal get out fr them to just let this slide and not repky to anyone. There must be a purpose for these shares.
This has to be a positive. Why would a company that is going to fail bother to get its shares reinstated? Why would they even bother to email Looed. This proves things are going on in the background and progress is being made.
This isn't over.
Same here. Which at the very least validates what we are being told in the emails Looed is receiving.
Moreover how on earth could they have made this mistake in the first place, can't rule out foul play .. not with this stock.
And finally... what next things are clearly moving and the compnay still sees the value in its share holders one way or another else why bother with all this?
Understandable indecision in the market.
This could be another clue suggesting a reversal of the current down trend. A rise however small tomorrow could shift momentum back to the bulls
Suggests the SMA50 support is holidng for now at least.
Nice hammer tand increase in volume today, with tail under the ma50 itshows the support it gives prices clear as day. An open over 22.75 should put this back in bullish territory.
The RNS was just a regulatory update nothing of interest
Well we have moved into uncertain territory for sure. The uptrend support has been broken and I am seeing three black crows formation on 2/3 candles which is bearish. However BNN might have timed a good trade as the price is sitting on the sma50 so there is a chance this is a retrace the bears have pushed too hard rather than a full on reveral. Price is approaching oversold at rsi45. Will be watching very closely now.
Im not sure what your point is J, its too early to say if I am right or wrong. You arppear to be saying you doubt price will bounce off the 23 level (which it did on the 20th agust after making one previous attempt at this level on teh 16th) and will continue down? This is a third attempt to push below 23 and close below 24.25, a failure of the third attempt is usually quite a strong bullish indication.
The pattern forming which is similar to the July pattern is still forming until a break down occurs, an extension is in progress as the market moves sideways which doesn't break the bullish trend nor the pattern.
I do also note there are some large round sells going through, which I wonder are some of the BCN larger holders selling in anticaption of replacing thier sahres with the BCN transfer shares.
If the MMs think they can buy them today at 23.5 and sell them on Tuesday for higher then they certainly will do that, which should translate with the support price of 24.25 holding at close.
We shall see.
That tweet is not accuate. Fire at builders yard NOT lab.
https://www.thesun.co.uk/news/15981768/leamington-spa-fire-explosions-black-smoke/
I note the SMA 50 is currently just under the share price at 22.85 its possible we will get an intraday bounce off that to check support. Stil lexpect price to close over 24.25 though. Could be higher close once we get that bounce out the way.
So was it £3billion spent on innova test? We got through them quick. £100mil not going to last long.
Real close was 24.75 which is a 0.5 improvment on yesterday so this actually closed 2% up not 6% down (beware of published figures).
Market moving sideways but in an unbroken uptrend still.
Should we be expecting a comment from ZNWD soon relating to the direction of the company after the buy out of BCN and reallocation of ZNWD shares or would that not occur until the BCN deal is closed?
To echo Twohits, If Ganfeng were going to take over ZNWD they would not have given away these shares, so if not Gangfeng then who?
Guess we might be finding out soon, as I say if this was dropping it would ahve closed lower than 24.25.. someone wanted the shares at that level