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£200k of buys in just two trades - follow the money as they say!!
For sure this will have some sort of re-rate on the back of the other diamond miners. The company is performing more than satisfactorily, and a bounce to £1.50 can't be far away - even if it's only tracking Petra whose fundamentals aren't as strong as here (pound for pound). The fact that sterling is weak on we're pricing our product in dollars only means we'll benefit from the currency exposure as well. All imho. DYOR.
Actually I'm not that bothered in this instance. I'm just satisfied to see a major holder increasing their stake while we sit at a multi year high SP. It bodes very well indeed - let's face it, they're not putting more skin in the game to make less than 50% return are they?
Nice to see a major shareholder increasing their stake by the tune of several million shares, even an these elevated prices.
Surely I can't be long now until we get notification of another forestry off take agreement. These are going to prove so fruitful in terms of revenue streams moving forward. I'd also be interested to know where we are up to with the new cannery which was much trumpeted. All good with OBT, starting to look like a darling of AIM.
Fair play B'zup, a profit is a profit. Nobody ever went bust taking a profit. I think we can look at circa 50% rise in SP over the next 3 - 6 months. Thats good enough for me not to try and trade this one.
. . .it tells a story, when you have 600k shares listed as sells in a stock where only small trades can produce large price movements, yet the SP has risen circa 3%. Much is happening behind the scenes me thinks.
It also proves that a good few of those "sells" we're in fact "buys".
Hardly Earth-Shattering, but good to see the board putting their hand in their pocket.
. . . is an rns stating a chunky deal on the timber and whatever is perceived as resistance will be broken.
smart money moving into Obtala now. Winnifrith was talking about a 15p target by Xmas - I say closer to 25p. There's just hardly any stock around so small buys move it up quickly. I love the way Miles played down expectations for the year, then we watched the big boys pile in. I think I'll stick around a little longer in this one!!!!
Luckyorange - in my opinion, this is a classic case of "look beyond what you see". The info released today is only reporting what happened in the 12 month period to Dec '15, that's a period of 6-18 months ago! Plenty has happened since then. New money in the company now, new management team, new list of target clients, new focus on premium product, a new broom sweeping away the periforal bits and pieces. We're in pretty good shape actually, and the bad news elements have now been communicated and are done with. I've been here a damn good while, and I'm confident of a sharp up turn in SP within 6 months.
You read it wrong.
Funny!
Looks like some institutional investor has had enough. Either that or someone who plainly doesn't believe a word TW has to say!
I think the rns is informative and certainly more than we received recently from previous chairman. I'm sure however, that there is a lot more happening here behind the scenes. Obviously Miles Russian friend, isn't ploughing millions in here on the strength of what we've just been told. Watch this space. . . .
. . . follow the money. Nobody puts £0.5M into an investment to make a 10% turn. Over the last 12 months there have been several occasions where substantial buys have gone through.
It should also be noted, that ************* have this as a buy all the way up to 15p. Make of that what you will. I've been here a long time, and now back in clover, a warm fuzzy feeling descends upon me :-)
Actually, I think theres a lot of news that's been held back. The boardroom re-shuffle was probably planned several weeks / months back, and I'd imagine (having a bit of knowledge of these things) the good news will be released to give the new Chairman a roaring start to his tenure. Happy days are here again!