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One thing I can say is that patience will be most certainly be rewarded generously. So much news depends on the license award and when that is approved the rest will follow swiftly
The license is not taking any longer than black rock's did. I think we had an expectation that it would be sooner but no deadline was ever RNSd nor set. This is normal practice and there is no delay per se. We just have to wait. Matt is very hopeful they have done all from their side and it's in final stages. An approval could land any day. I hope like all shareholders we see it next week but it could equally take a month or two or even longer. The matter is not in the company's hands
Looks like someone just bought 2% of the float in one trade
On all technical indicators this is now breaking out. The daily, weekly and monthly charts look good for a colossal recovery. It's been a 4 year downturn and now the bottom is in and the price firmly uptrending. The management will be keen to take advantage of this. They have a cash loan agreement with align funding them for the next 4 months. Dennan in his maiden CEO role wanting to make an impression. One can only speculate how high this breakout will take us.
It was smack on the bid of the time but always difficult to tell with these big trades. They are often left with market makers to work throughout the day. If it was indeed a buy then clearly someone is keen and if a sell then it's been swallowed up which is equally as bullish. Nevertheless, think next week we get another strong run up pre news.
Yesterday's trading was significant. Big interest, huge trades. It's all about risk/reward, whilst it's not a dead certain, I think upside from here could be insane if the board pull off a £30m+ settlement. I had Comms with Andy Dennan a fortnight ago and asked what his plans for the share price were for 2021 and all I got back was "ambitious". They are ploughing on behind the scenes and he is happy with progress they are making. I think when the first material news item drops the rest will follow like buses
You can see my analysis here on today's trades.
https://twitter.com/JimPrice83/status/1352310722089332737?s=19
Whilst I agree with rht99 there are buyers I think the top 1m was a sell. I think a bit of consolidation here and 20p short term is on
For me 20p+ short term.
There is a strong tailwind behind us at the moment. Markets are very giving. Plenty of resource stocks bagging. Investment appetite is strong. AST has quietly been warming up for the big move. The real volume will land soon imv and that will be a gamechanger for all of us. I think muktibags on offer from these levels and our major shareholders all holding strong.
Interesting tweets from our largest shareholder
https://twitter.com/AlignResearch/status/1351593002695864330?s=19
HSBC increased position. They now have 6%. Free float getting tighter
Some late reported buys. Someone's confident with that sort of money.
See daily and weekly charts here:
https://twitter.com/JimPrice83/status/1347493976471990272?s=20
I have been in touch with Peter and have asked following the disclosures of Harwood and Miton regarding the proportion of shares taken by institutions. He has affirmed that a "significant portion of it" although the disclosures will be led by the instis themselves some of whom are not bound to announce below 5%. With that said he expects to see more TR1s in due course. Let's see how things pan out
Premier Miton Group have taken 10m as per update on company website today:
https://www.wsg-corporate.com/investor-relations/shareholders/
The first RNS was a reduction to below 5% due to dilution from warrants, so no actually selling. Today's RNS is acquisition of more stock. So they've bought back to above 5%. Happy for HSBC to buy at these levels. They won't be flogging them before double figures I reckon
I cast my votes earlier today. Why the heck would would someone support this raise when the BoD don't themselves. They haven't put a single penny into the £5m raise. Only a mug would back them and they know they have a fair few of those invested to get the vote over the line. PF told me that they're not about to go bust. If the big contract is advanced and imminent as they say then it should be easy to renogitiate better terms. 4p with warrants is a slap in the face. If he is unable to negotiate better than an all time low he need to walk, period.
Think holders need to come together and vote the resolutions down. The proposed reduction of the nominal will give Fowler the green light to dilute us to oblivion. He doesn't care one bit about the share price and has only been kept in check by the 10p nominal. If the resolutions don't pass the share price will spike. If they do pass, I predict it will go now 1p within the next 18 months