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Clanger1969
So little shares around that the MM's need to create a selling/buying market here. They need shares to balance their books what they sold last week so the only way to get shares is to drive the SP down or up.
So what you get if no one is selling their shares at a higher level then they will prey on the weak by forcing the sp down and hoping panic sets in to create selling at a much lower price.
The resistance here is no doubt 4p-4.35p and consolidating very well from 1.5p. With excellent news to hit us any time the mm's want more shares as they know this will be driven multiples of current SP. They are getting impatient incase news hit there fore we are seeing mixed trades and volatile artificial spread to frighten sellers.
Hold sit back see us near M/c of £20M plus and continue to rise re-rating us where we should be.
There are too many buyers at 4p and the MM's won't be able to hold this back much longer.
I am certain once they have purchased all the stock they need this will spike
At last AAOG hopefully beginning to re drill on Monday. Maybe we will get news before xmas if they get their finger out and complete the repairs over the weekend. I agree if an RNs hits us on Monday stating the above a re-rate back to 8p-10plus well over due
Looks like some sitting on the side lines for 4p which won't come, moving back up with all these buy orders being filled again 4.14p plus.
Seems like yesterday MM's holding this back to fill orders but as sellers no longer to sell at this level can only go up.
Each day passes without news = less days to buy before news.
I defidently won't be without shares over the week end in case of news first thing Monday morning.
Waiting for 1/2p drop is far riskier than if news was announced and the sp rerate to 6p plus