I’m very excited about our upcoming drilling campaign. Our MCAP is seriously low and I see serious upside from here. This SP is the sale of the century and I don’t think many people are aware of us yet.
The silence is golden but the volume is painful. Chance of us going red if the selling carries on. Still where I expected us to be though. Would like to see an improvement to volume in the next 1.5hr but I aren't getting my hopes up.
Saw some good buying pressure going on this afternoon, and one reported late. A buy of £35k now really isn't all that impressive at these levels - I'm aware than can sound snobbish, but it doesn't move the dial that much at this SP. What we need in consistency.
My thoughts FWIW.... I've had a channel plotted for the last week and we've stuck to it religiously ever since. We pretty much came to a point today where the 9EMA touch the bottom channel, and we closed above the 9EMA which is very positive. Tomorrow might just confirm a breakout but we need to get beyond 7p, then the next target is 7.2, then 7.6 and after that we're up, up and away.
Please take all that with a pinch of salt, it's just my analysis and this is AIM. It might sound like I know what I'm talking about, but I could be made to look a mug tomorrow if we head south. But I'll show my hand and say we're going to start moving north. A RNS may be arriving, too. We're overdue one.
No doubt the company is fundamentally less risky than others, but the fact the SP is so easily manipulated may be playing the part in keeping new investors away and forcing those less patient amongst us to sell up. There is obviously clear upside for us but when? You're not going to bag like the run we went on last year, not in a short timeframe anyway. We're now a target for a different type of investor; one who has to be willing to wait.