RE: 153million 0.25p warrants expire in January26 Aug 2025 15:09
Jenson,
It's going down because off traders.
Some people were in this before the RNS, they may have a healthy profit, or still be sitting under their average from earlier buys.
Some of these will see and enjoy the profit, or stay with a lower free float.
A share going up like this attracts day traders. Some got in early, made their 20-30% or more and dumped.
Some got in late and got caught by an initial high value which got some sales and started it going down a bit. That led to some panic sells of the whole thing being a spike....
The MMs love this as they make fortunes.
But realistically the Mcap here has the potential to be a vast amount higher than it currently is.
So even though a day may see a big rise and fall, (still a huge rise overall today) the real value as the market sees this will come out over the next week or more.
There will be big buyers analysing this and also some big sellers (maybe even potential shorters) all trying to make money. And some big trades take a while to go through.
Do your own research and establish what you feel a fair Mcap is, then see which way you think this will move.
For me, a Mcap of Β£39m or 1p a share is just the first target here.
More news and this could be insane.
Just don't get caught up in the daily fluctuations.
Good luck holders.