I’ve taken some out now as I’ve done pretty well and don’t want to be greedy. Kept some in for the long term but wanted to minimise risk against delays in signing and the finance deal.
Moved some into SDX as a recovery play, undervalued company with extra production just about to start, plus a 12 well drilling campaign in Morocco, just not much interest from the retail investor at the moment. Take a look if you want to diversify, good entry atm!
Hope the signing and finance deal come good just a matter of waiting now. Should see Diamonds in the next few months!
Hi Joey, yes I've seen it before where there is a high demand for shares and because the MM's need a float of shares to give to the buyers, they hold the stock in a price range and mess around with the bid to get impatient people to sell their shares so that the MM's can then have shares to sell at a higher level. Also there are big ii buy and sell orders that will affect the MM's behaviour as well.
I may go to the desperation of posting on other boards to raise awareness! But no one likes "that guy". I've just sold a lot of my Vast holdings and may add more here, but there seems to be little interest at the moment except for the pump and dump crew.
Yes fully accepted but no I can't find any info on when we get paid or when the shares go unconditional. There is a pay argument going on, but that does not affect the takeover price/deal it was approved by 98.85 of shareholders. I'm waiting for something in the post to update me.
Don't get me wrong there are sells but it's just people taking profits this gapped up this morning what do you expect? Let the traders get their profits, when the bid has been dropped it has bounced back up, as I type I'm getting quoted 0.4777 to sell 2 mill and it's now gone into auction. If you want to sell and take your profits fair enough we all have to sell sometime I'm just giving my opinion. I'm keeping some for long term and will sell some on a quick trade.
I don't think the 20 mill was a sell, if you looked at the trade price it was 0.42 and was reported at 4.15 which wasn't within the bid/ask. The MM's are just letting this rise with brief pauses to churn over trades it's been happening for the last week. Each to their own, the 5 mill trades this morning are also buys as I've been doing dummy trades all morning.