RE: Lanstead's holding5 Apr 2024 10:25
I can’t see that Lanstead would breach the rules either (although retribution or sanctions from any toothless regulator would also not be forthcoming, much as it would be nice if AIM was policed AT ALL).
The comparison here with elsewhere is no need for a raise due to structure of financing, genuine board with skin in the game, and the fact we have world class assets.
I thought this would have turned following January highs well before now, and have been trying to load more from 0.35/0.37 after it peaked, it was getting twitchy in the mid twenties.
For the third time however the style of the mm’s once again highlighted the upward momentum… they two or three times whizz the spread really wide like they did at 0.14 last time … going 0.14/0.20 … bring it back to one basis point … repeat three or four times over 4/5 days then set the thing off motoring. The trades and what’s visible don’t in any way justify what’s going on, but here we are again going 0.31/0338 after yesterday’s rise with an actual real sell price at almost 0.32.
If I could get my head round reading the Lanstead deal as clearly as some of you can, coupled with following the inertia of the price action, I might even be able to make some serious money here.
I got in at 0.30 the first time before it six bagged and retraced (andyes I retained too many) … but I genuinely think this may well do similar again this next 12 months.