Those £125k trades were a rollover, has been happening for months. There must be a large order in the background as the small trades today wouldn't cause such a move in the MMs. Earlier you could buy for circa 1p now I'm getting quote 1.29p on quite a small qty. Could just be MM's trying to tempt some volume.
May just be a bit of MM fun but suddenly flipped!
The Russian Holidays end on the 8th Jan, so it adds 4 working days to the process - after all this time so what? I see the MM's are grabbing some cheap stock this AM, may be closer than we think.
A close at 1p is still in the rising channel - good time to add for the Gamblers - I've added a few £k's worth this AM.
Good analysis SteveY1, I was being lazy and took the NAV figure from LSE's fundamentals and hadn't spotted the 13.67p Nav was a year out of date. They've since updated it to -6.68p, there are also errors in the RNS as one states cash at £0.3M the other at £3m.
Still think this is a good punt as the whole thing could swing positive so easily when the unknown bits are filled in. With MCap so low, many multiples of the current SP are still achievable.
It is a very high risk PUNT!
There's very little free stock and small trades can move the price significantly. I guess the MM's overcooked the drop this AM and have had to increase things. The bid is now 50% higher than the open, negligible sells, but a few small buys pushed them back.
They have more Cash in hand than current MCap and Nav is circa 13p per share!
This is truly one of those AIM binary bets. If they sell more, all assets, or even the company and return the cash to Shareholders it will be somewhere between 10-30x current SP, or possibly more.
"The proposed transaction is structured in two parts, with a deferred consideration - not included in the valuation - which the Directors expect to have a positive impact on net assets in due course. The Board will be making further announcements as and when appropriate."
Sounds like there has been a bit of 'kitchen sinking' by deferring a quite large chunk of cash into the next period. Maybe being prepared for sale of the whole lot?
"We just need your 69p gap to close on HZM now ;)"
It will!
HZM is on a very long term downward channel, the top of the current run could be £1.55 and I reckon the GAP at 69p will close sometime around May next year. BTW short term watch out on HZM RSI is through the roof!
Rocket57,
UFO may have a bit more to go up but RSI is way overbought and I still think it needs to test a close at 0.33. The crucial point will be 0.6 if it closes above this then it could run on quite a bit, so see what it does over the next week or so.
Do you realise how stupid you look - I've just proven Charts Work - and told you I've sold some (1/4 also as I said I would 3 weeks ago) with over 40% profit.
There's no 'saying' I'm right - I AM RIGHT
Don't worry, keep believing that Coal is white and you'll be fine.
Those damn chartists don't know what they are doing:-
GENG - 15th Nov : "Looking close to a breakout - close above 1.43 to confirm:-
https://invst.ly/zklw1"
Over 40% profit in a few weeks - started taking some off the table - watch the RSI, maybe another day or two then will pull back.
DB,
You'll have to explain your thinking here - where do you get dilution before dividend from ?
Any corporate action will only happen after completion and payment of the dividend
Still in the channel and on Horizontal Support - was a good chance for the real gamblers to buy more - I added more just under 1.2
https://invst.ly/znvr4
The Chart is looking ready for a bounce, so completion could be imminent. I suspect, even though they may have sorted the banking , RY won't confirm completion until the vote is closed (30th Nov) for the AGM. Just to make sure he doesn't get voted out!
This looks like the volume we need - cheeky shake - now where's the news!
Drmike33,
There is no urgency on the part of Spivlov, he originally wanted to spread the payments over 5+ years and RY has no choice, so can't see any reason why/how it would collapse.
Ironically one unlikely thing could happen, Putin gets lead poisoning and his futile WAR ends. Different ball game then, as a counter offer may come along. In this case I would guess the current contract to sell could be voided as it hasn't completed in time but the timings just aren't there. This is because there is no need for a convoluted route for the money they just need a bank that is compliant and AMC's wasn't. I would suggest we are now very close to getting the KYC completed with our new bank, most estimates were 2-3 weeks, so could be any day now.
I'm sure we'll see some largest trades go through just before it's announced.
A close over 1.45 should do it:-
https://invst.ly/zm0x9