Member Info for HawaiifiveO

AJAX appears to be very much under radar, I know of few instances when a company announces what should be a very lucrative asset sale, yet the share price fails to respond materially.

I guess the clued up are already in the stock, there is still time for others to join the party, worth remembering the shares hit 12p in January and that was before the project sale discussions RNS.

Very little stock online on the buy side, it does look like someone knows something, news is well overdue also.

Social media points the the fact the shares are down from 8p last summer and 3p more recently.

Looks like they are filling a large order, interest is building, well known sector player Paul Johnson and former Power Metals CEO is bullish ROCK and continues to promote on X - broker target .93p

https://x.com/pauljohnson9691/status/2041538176024547587?s=20

Noticed over recent sessions there is very little stock on offer at current levels, this is a wide about turn as a few months ago you could buy 1m+ with ease.

News is expected, maybe the tide is turning, the shares were trading at 1.8p in late January and 3.2p in October, trading volume has been low, it would not take much to move the price back up therefore.

Market makers have fleeced weak holders this morning, this will be back in the .20p's in the near future - the fact it has been in and out of NT and extremely hard to buy size is the clue.

NT on the buy side with IG, happened twice so far this morning - good luck trying to get any sizable chunks sub .14p - it traded at .24p in February and very little has changed !!

Not much stock on offer currently, suspect the price drop will be short lived - very hard to buy in size is the clue.

Have to say it is a strange time to add a project, surely all the focus should be on Red Setter, the acquisition can be viewed as a positive or negative, the positive being it could add significant value in time however it might also suggest management confidence in Red Setter is not as high as it was previously.

Very interesting chart position currently, the RSI still remains in historic oversold territory, yesterday's increase in volume was a very bullish signal, many technical indicators have turned bullish also, price action suggests a move into the mid 50p's short term

News is also expected ahead of the new drilling campaign which increases market interest - as mentioned the 6 month SP range is 24p to £1.25p

DYOR etc

Remember on the day of 'that' RNS the market makers marked the price UP to 71p pre open, they deemed the RNS positively, the fall to .24p since was an anomaly, driven by fear and almost certainly shorting, it looks like the shorts have closed out, you cannot rule out a move back into the 50p/60p range near term IMO.

There has to be a lot of eyes on WSBN shares at current levels, materially oversold on a technical basis and a price near bottom of a very wide £1.25p to 24p six month range, fear of missing out must factor in at some point.

Everyone knows how dynamic the SP moves can be, even on thin volume.

This was posted on the GRL Telegram group this morning....

Bob Foster is a well respected geologist and has a wealth of contacts, he was also on the BOD of Tembo Gold when their licences were acquired by African Barrack for a very large valuation premium, the move to bring him in to Goldstone is a good one, he was also the driver for Stratex in their early days selling a number of projects to mid caps.

This was an interesting tweet from Wishbone yesterday related to GGP announcement, implying grades at Red Setter are equal to GGP's, I have a feeling WSBN shares are due a run up as commencement of drilling will soon be announced at Red Setter.

https://x.com/WishboneGoldPlc/status/2038978231806603695?s=20

Still think something is brewing at Goldstone, price action a bit reminiscent to when the premium funding was announced, the shares ran up to 2p on the day.

Has a bid been received and again rejected but not announced or maybe some very positive operational progress ?

One wonders what brought about the surge in volume and near panic buying on Wednesday, did someone get wind of another takeover approach, has the company received it and failed to disclose to the market once again or was it something else, maybe gold production has increased suddenly, time will tell.

One thing for certain the shares respond very quickly in % move terms on quite modest buying, they reached 2p in late January.

Speculation continues regarding a takeover approach, it was this time last year that the company received an offer, remember that, at the time the SP was 1.4p, the company did not tell the market about the offer until they were forced to at the AGM some months later, the BOD rejected that approach.

Has that bidder returned ??

Yes I Know what has happened, the shrewd are buying shares at basement levels that the plums have sold at the bottom.

Anyone that knows the sector will be aware the results reported on Monday were not bad at all, in fact very much aligned to some of those reported by GGP in the early stages of their discovery.

I wonder how many are short of WSBN, given the amount of bashing I would suggest quite a number, it will be interesting to see them try to close their positions in a illiquid market.

You cannot rule out a surprise RNS that could bounce the share price back into the 60p/70p+ range either.

Suggests materially oversold & expects strong bounce back

https://x.com/Oilplayer2009/status/2034906763284078938?s=20

Fools and money are easily parted, the fools are the sellers at these prices, even more foolish if anyone acts on the antics of the bashers that have infested the bulletin boards over recent days.

If the results were so bad (they were not) then why did the market makers mark the price UP (to 71p) on the day of the RNS, think about that !