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What an odd comment Manners - a BOD would rarely propose a de-listing unless they were reasonably confident of it being voted through... to propose a de-listing that was voted down would seriously undermine them, or if it failed by a wide margin even call into question whether they were attempting to manipulate the SP.
Most recent example I'm aware of is Cloudbuy - the company was next to worthless at the time the vote took place (maybe a £0.5m MCAP), and the boards were filled with PIs claiming it would never go through, everyone was voting against etc. and even then it was still voted through 75.88% / 24.12%.
The fact is that those who should loudest on these forums often have less skin in the game.
It's showing on NEX per Bricks... I just forgot to check there
I bought another 29m shares around half 9 this morning and they aren't showing up yet... I can't see it dropping much lower than 0.02 so even if it trades in a range for a couple of weeks this should be close to the bottom IMO
Personally I'm hoping that news does materialise off the back of this recent speculation/rise... those who have been in for more than a couple of weeks will be all too aware of how quickly the AIM market loses interest. I imagine it's been a fairly painful Christmas for anyone that bought in mid-October, believing that the EPO announcement was going to drop any day.
Accepting the fairly painful spread, I do still wonder if I’m just shouting into the wind here sometimes... the pull fact to below 1.5p was entirely expected here - and for the patient I’d wager it drops below 1.3 at some point in the coming weeks! At that point I’ll be loading up again, confident that the SP will spike above 2p before any decision is made in CA. Maybe not one to bet the house on (pun intended) but post-PASPA repeal this has been the closest thing to a magic money tree I’ve seen anywhere on the AIM market
Can't argue with that... I'd happily let someone 'steal' my EUZ holding off me for 5p a share if they offered
I've noticed that about 90% of the time when someone 'accidentally' posts on the wrong board they conveniently manage to drop the ticker into the conversation for the board they meant to post on ;)
Woah... if a 101 share purchase means an RNS has been logged and the MM needs more shares then I wonder what the 1,595,744 share purchase at 11:03 must mean?! Maybe it means they've started shipping whisky to China?
The madness of AIM... I'm not sure what more, short of a sale, can be done here to stop the SP depression. Personally, I have been buying into the perfect storm of positive newsflow and falling SP - not lifechanging amounts but I'm almost up to the 100m mark now
25% off the Mcap is entirely reasonable here; there was a huge premium to the fundamentals due to expected rapid growth... that expectation has now been brought down to earth in short shrift...
The SP will probably drift a bit, then stabilise, but be wary of the people jumping on the, 'This is a great buying opportunity' bandwagon - I don't agree. Those people are likely sat on losses now, as are the people that were loading up first thing this morning.
Looking at the timing and content of the posts I'd say there's a fair chance Suhail made his 10% too... if so then congratulations. I appreciate that it's difficult for LTHs sometimes to see traders jumping in and profiting off the back of their misery, but it's just different trading strategies - they (almost always) aren't responsible for collapsing the SP.
It's quite an interesting scenario... for £165k someone could pick up enough shares to block the de-listing, which would probably cause a rally that they could then sell into.
Far too rich for my blood, but the low mcap here means it's not beyond the realms of possibility for a lot of 'watchers'
You’re not - you’re saying it’ll be 0.0138 with broker note... as in £0.0138 or 1.38p... this conversation is painful lol!
@Barnetpeter @Darlonil - advice is spot on IMO... WEB SP is not being driven by fundamentals, but by much wider market forces. With the long lead in time to California vote we're going to see a few more peaks and troughs as news and gossip emerges. For the patient this was a trader's dream in 2019 and very much remains the case.
If you want a good example of how a share can be traded based on external forces just look at LLOY and Brexit - every week before the GE we were seeing +/- 5 to 10% swings based just on what was happening in the commons on any given day. An absolute gift for traders to get that sort of volatility from one of the most fundamentally stable companies on the FTSE
Why the rise? Nothing has fundamentally changed since Monday to justify the company being worth double what it was last week... absolutely rediculous (sic) etc.
Welcome to AIM! Welcome to Webis! Do what myself and others have been suggesting for months - this will drop below 1.3p, when it does buy into it... at some point, probably by the summer but certainly by November this will have risen to over 2p again... then you can sell, top slice or just gamble on everything falling into place in CA.
Baz - what happened to, "Deal done 10p returned to shareholders and then a clean shell."
What deal?
Just as a more general point - all companies are only good or bad investments relative to their current SP, so it's entirely reasonable to alter your view on whether or not they represent good investments as the SP fluctuates
Companies can usually ride these kinds of situations for much longer than people expect.
Look at BPC, close to zero prospect of drilling even an exploratory well in the Bahamas, has been that way for 10 years now - but once or twice a year they'll report that they are close, are pleased with the direction of discussions, that they work towards drilling a well next year etc.
My point is that PREM is in a similar situation, completely at the mercy of forces totally outside of their control. The marco economics in Zimbabwe a awful, the company is generating no real income... it is, as it always has been, very high risk vs. high reward. To some extent all the BOD can do at this point is keep the lights on for as long as possible and pray for rain.