Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
https://www.thearmchairtrader.com/solgold-share-price-forecast-copper-mining/?amp
Not yet
Someone definitely trying to manipulate the price. Around a dozen very small buys (between £5-£100) going through at full ask of 24.90, and all with same timestamp. Then a medium- sized buy of around 10-15k a minute or two later. Similar pattern happened first thing this morning.
Judging by the direction of the share price over the last few days and the spread, someone is still trying to accumulate.
Possibly manipulation or just trading to an algorithmic strategy.
Further information on automatic trading:
https://en.m.wikipedia.org/wiki/Automated_trading_system
Buyer with algorithm to keep the price steady -imho.
Interesting trades going through this morning. A mix of small Automatically Executed and Ordinary trades. Like an algorithm is steadily submitting multiple trades. IMHO some entity is attempting to accumulate shares at these levels while keeping the price steady.
Take a look at the Annual Ebitda for Ewoyaa:
The Scoping Study confirmed Ewoyaa as a long-life, large-scale, low-cost open pit project, delivering excellent returns, as outlined below:
· Scoping Study supports a business case for 2.0 Million tonnes per annum ("Mtpa") production operation with LOM revenues exceeding US$1.55 Billion
· 8-year LOM operation, producing an average 295,000tpa of 6% Li2O spodumene concentrate, with significant potential to extend LOM
· Study delivers exceptional financial outcomes:
· LOM revenues exceeding US$1.55bn, Post-tax NPV8 of US$345M, IRR of 125% over 8 years
· US$68M capital cost with industry-leading payback period of
· C1 cash operating costs of US$247 per tonne of 6% lithium spodumene concentrate Free on Board ("FOB") Ghana Port
· Pre-tax NPV8 of US$539M and EBITDA of US$854M for LOM
· Average EBITDA of US$105M per annum
· Significant exploration upside potential from the historic Egyasimanku Hill deposit (1.5Mt @ 1.66% Li2O) and surrounding 684km2 portfolio
Therefore, for around £70-75m of funding from Piedmont, Ironridge have given 10% of the company and around 25% of the profits from Ewoya. Indeed a very lucrative deal all round.
Dilution but, as not2sure says, the 20p tranche of shares can't be sold for at least 12 months.
The other tranche which can be sold immediately were bought at 25p. So can't see them being sold into the market at a loss.
Most systems struggle to report the nature of late reported trades.
Agree there's some steady buying. Also think the extremely large trades (£100k+) showing at the end of the last few days are actually buys. Hence the shareprice creeping up slowly. The mm's appear to be moving the price through the day to fill the aforementioned orders. It seems someone is buying a decent percentage...let's see if we get a Holdings update soon.