Thats very naught. Not a very friendly spread this morning.
Its not 1.8 any more.....
Its possible the mm will not be able to sustain any buying pressure as they have so few shares available to them.....Getting in early on something like this is imperative.....it can jump if it wants but would be nice if it slowly goes back to 3 pence.....
Yes. I believe they have a few targets. Will it be an unlisted company which wants a listing here? Not much different from LDP and that is on hold until the scoping data come. We are only left to speculate really aren`t we? Looks like tric will do the same thing. Luckily not as many share issued. They probably got to scout around a bit. With the same characters on board they are all inter related not sure how it all fits together particularly what Ambromavitch wants from it all...
Well done nice rise. Rember to keep some money for BRDY expecting a RTO and it is VIR VOL LDP connections it could have a biggie like this...Well done a gain. What a good tip that was...HP
There cannot be many sellers. You could almost count them on your hand. When they are out of the way I do not know how the market maker cannot raise the price. Such a small number of shares and even less in free float. One or two more days like this and it could go a lot higher. However it is the news that could be the one that really lifts it sky ward.
If VIR bought they are not daft. The chairman became a non director of LDP as they have a big stake there and therefor know what is going on with Manas and actually without realising the same man was already here. So he has plans here too. Its a new project and its early days but yes that is achievable easily. When deal announced it could rocket. I told many on LDP board to buy at the lower price. No one listend they preferred buying at the higher price. People do. You need forsight not hindsight...Deal to be annunced shortly...Nice piece of white paper to draw what you like on............................
I made a mistake by mentioning the spread sorry about that. It just doubled no increased from 8% to 24% thats an increase of 200% that can be a sign that the market maker no longer wants to trade it for the same reasons that we have all pointed out. Any sustained buying will cause it to become unstable...
I think at least 3 pence. Of course as you can see it works both ways but your right. So few number of shares and any news of the RTO it could go a lot higher. This is tightly held...tickup estimated as approximate share number in free float. All it has at the moment is a listing and a bit of cash... This could start going up and in equal measure back down then up again as people start trading it..With VIR holding it as well it looks interesting imhpo
With an approximate spread between 5 - 7% is quite low for a company with so few shares in free float. Usually something like this could be 50% or more as in the case of Tric on more than a few occasions. Even Ldp often had 25% spread...
I was just going to paste in the same thing. This is the heart of this thing and it is very very early days and it is a good time to get in on something from scratch. This really is in all intents and purposes close to a new listing as you will get... An extra: The Company’s equity interest in a proposed investment may range from a minority position to 100 per cent. ownership. The Directors will initially focus on projects located in South America but will also consider investments in other geographical regions. The Directors will identify and assess potential investment targets and, where they believe further investigation is required, intend to appoint appropriately qualified advisers to assist. They believe they have a broad range of sources of potential opportunities. End
If they only have 22% of the shares in free float then that means 25% of the shares in free float changed hands yesterday? As they are tightly held any news of the RTO should send it sky ward should, it? They got room to print a few more shares and exchange it for assets. I cannot see them exchanging that at a discount. I think this got a bit of recovery in it and then an RNS. The new man got the connections to make the deals.....Just got to be a clever one like the one LDP did with Manas...This is like a pure sheet of paper..
I cannot remember if it was a year or so ago It was around about the 1 pence mark that I recommended they should not be bought at that price, they had a few issues and it was not clear what they were actually doing or the direction they were in. I recommended they be sold at that time and never followed since. Its good to see that they know the direction they are now in. I remember they had an offering at that time. My memory is failing. They used to be about .50 pence for a while and they had a big following and then fell out of favour. Looks like they are back. Well done for recognise a turning of something from out of favour to back in. Its a good time to be in.......HP
Good to spot a bit of movement before it happens. Takes a bit of skill. Lots of people jump on after it moves but to jump on before it moves that is talent..Well done.....I think BRDY is going to have a jump like that quite shortly....
WED: Post 16.00<><><> ."O/T take a look at GASOL (GAS) i have a hunch they could be about to advance one of its projects,have raised cash for a reason (not cash burn ) maybe nigeria"W ?? TOP MARKS FOR CALLING IT CORRECTLY........Well done....YOUR THE MAN......Top respects......HP
Nearly 10% of the company changed hands yesterday. Probably needs a breather. Any news on this could cause a flood. As there are so few shares in issue it will be interesting to see any rise. The newcommers will not sell yet as it is a bit early. This is just approaching the runway imhpo...When LDP announced their interests in Manas it caused a big jump. Will the same happen here? You cannot guarantee it but it looks like support at this level and the possiblity is there of it going to 3 pence should not be discounted.
I am always splitting between shares. I am not saying just split between these shares. Why have so few? This is something on the side while your others shares are less specultive. You do not want all your eggs in one basket or even two for that matter. Keep your eye on the market at the same time. Pay particular attention to your entry price and even more to your exit. Do not jump on a spike and allow people to exit leaving you to pick up the pieces. Things are fluid. What can one time be a buy may not be so next week the next day or even the next hour. The same goes for selling. Volatile stocks are good. You cannot buy and go away and come back in weeks or months. You have to follow them instantly and often keep your eye on them all the time. If your aware of all those things it will help. Just have to wait for news now.........gl HP
Sorry slight mistake. Mr Nicholas Lee Chairman of Viridas and a director of LDP and a director here.....
Good night all.
On news of a reverse take-over it could do very well. As you know it is not this company itself has the value. It will that which it reverses into. The larger company will use its listing. So at the moment it is fair value. That VIR has a stake and VOL a stake in that it shows something in the connections taking place somewhat. Its following LDP but as you point out such a small number of shares in issue make it very attractive. The spread above is only indicative in reality its about half that. Its intersting how LDP jumped when VIR took a 22% holding. Been a bit over looked this one. But if VIR took a stake here it can see something in it. And with Abromavich involved with the Zol stake in VIR it all adds up to an intersting cocktail. Looks like there are lot of companies interesting in using these vehicles to enter the market and a simple cost affective way of getting a listing. RUBI was used by the boss X boss of Easy JET Sir Stelios Haji-Ioannou and it jumped from .05 pence to 8 pence. Thats 1,500% but that cannot be guaranteed here but it shows whats possible when things are right and the right people come on board..Bisides the director today appointed to LDP Mr Nicholas Lee became a director here last October and he is a director of VIR....so they share a similar strategy........I wonder if the share price will move in a similar fashion. this could move higher and quicker due to the low share price and few shaers in issue...risky but exciting.....for those who get in early.....imhpo