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Still suspended but jumped to 9p
..and suspended again at 8.2p
There are lots of buys coming in
8.2p at 8.17
Traded at 8.4p for 20 seconds.
Now suspended at 7p
Spread was 12%
For the 1 minute of trading
Ask was 11.6p
Bid was 9.1p
Was trading for less than 1m then back into suspension at 9.2p
Donkey, Yes, MED might eventually be a big seller, but as the RNS says, it will take years
"launch the product in the coming months and years".
And with only 5 posts on this board today there certainly isn't much hysteria about FUM today.
Even though ARB plan to use solar energy at their new mining facility there will always be controversy from environmentalists and governments that this "clean energy" is being wasted mining for crypto currencies when it could be put to better use.
You might say it's no different to a large factory that makes cars using solar energy to power manufacturing, but those large factories employ thousands of workers who have families to support and who pay tax and who spend money in the local economy.
A crypto mining farm that only employs 30 technicians but uses a similar level of energy simply won't have the same positive effect on the economy.
Crypto has had a great run for 6+ months but it's gone up too much too quickly.
I note LB is taking a lot of stick. On Friday Ellllteinv was adamant there wouldn't be a fundraise. Ellllteinv was telling LB how they were taking rubbish. But LB was right. Havent seen Ellllteinv admit they were wrong.
I've seen rampers on the Novacyt board at £12 saying "here comes £14" before a drop to £8 then £4. I've seen people saying "no chance of a placing" only for a placing to be announced after the close.
And FUM announcing a placing at 16.31 on Friday. Why didn't they announce it at 7am or 14:00? Exactly. If FUM have such a great product why don't they have a partner who will fund the manufacturing?
Remember, an AIM board will do ANYTHING they can to survive. To pay their often huge salaries and expenses.
SOLG could have sold out years ago but the head honcho saw himself as a gold miner and wanted to do the digging as well as the exploration. One man's stubborn vision. Why sell out when we can have our cake and eat it.
Experienced investors know what's happened here.
Remember the phrase from "The Hunt For Red October".
"I'm a politician which means I'm a liar and a cheat. When I'm not kissing babies on TV I'm stealing their lollipops".
Well the AIM version goes like this..
"I'm an AIM company director. Which meansI'll do anything to guarantee my salary and maximise my existence. So when I hint things are okay I'm actually planning the next fundraise".
FUM needed a partner with clout, not more money.
35p here soon, maybe lower.
Remember also one of Morses biggest competitors, Provident Financial have just announced they are scrapping their door stop lending division.
That will mean a lot more customers for Morses because people who use this type of loan company do so regularly because other sources of finance are unavailable to them.
With the Prov gone Morses are clearly the best choice and with their digital strategy applying for loans and making repayments has never been easier.
Remember also that one of Morses biggest competitors, Provident Financial have just announced they will no longer do door step lending.
That means a lot more customers for Morses.
Come on, don't you know manipulation is good business in this game.
And it is a game!
Yes, joint venture that Gan would like to continue alone.
It takes 2 to Tango but Gan want to waltz off into the distance and reap the rewards. They know this is a super-valuable resource. The need for battery power will only increase over the coming years.
Let's hope it does a Kaz. Yes, I know Kaz are a producer, but they took a lowball offer and stood their ground and eventually got a decent price.
The lithium is in the ground.
It's all in the detail. This hasn't rocketed because..
"will complete the technical file for CE marking, which we expect will happen in early May".
GS: which is 3 weeks away and not guaranteed to happen.
"We are very excited by the potential of this high quality SARS-CoV-2 rapid antigen test and we are looking forward to updating the market as we commercially roll-out the AffiDX® test in the coming months."
GS: Coming months. That could be mid June.
The RNS about monetising one of their investments was good news. The RNS even said (or made it sound like) the sale would definitely happen. However, like many deals on the stock market, it could take ages for anything to happen and it might not happen.
Many companies are valued less than the sum of their parts.
Excellent post. Sums up this company, its top brass and its strategies perfectly. I said similar things a few years ago and was shot down in flames on this board.
Napster is the betamax, Spotify is the VHS.
A few years old but still an interesting read...
https://www.geekwire.com/2018/rhapsody-napster-pioneering-music-service-coulda-spotify-isnt/
0.22p is approx 20% discount to the average price over the past two months of 0.26p.
I've seen bigger discounts but I have also seen smaller ones. I wonder how far the price will drop to accommodate the placing.
If the closing mid-market price of an Ordinary Share is 10p or more for 25 consecutive business days should the convertible loans in their entirety be converted, this would result in the issue of 75,250,000 new Ordinary Shares, representing 73.2% of the Company's current issued share capital"
So 23 days to go...
This just shows what is possible if you can find the right share at the right time. Im not in this one, but as any good day trader will tell you, it does not matter about fundamentals if there are Lots of people in a frenzy who are buying then you latch on for the ride.
Do you really think game stop is worth its current market value? Or Tesla?
If the price stays above 10p for 25 more days (I think) you are looking at 78% dilution but it was a good ride for many while it lasted.