PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Steve Bassi owns 502,079,484 shares or 29.58% or the total issue of shares.
There are 6 large holders, who between them have taken well over 50% of the shares off the market.
Narf staff are in deep here, that should tell you something about where this is heading. But each to their own.
Time will tell, I'm in no hurry.
By your logic on point 3, no UK share is worth buying 😆
The SP and number of shares is totally irrelevant, you are buying a fraction of the Mcap which is currently just over £20m.
I'm guessing a large buy went through at about 3.07pm, probably displayed after hours. All just imo.
78% of the shares are held by management and institutions, they wouldn't hold anywhere near this amount if they didn't know where this was going. Very little free float!
Something changed at 11.20am today with no buys at the time but anyway I'd prefer it to be institutional investors so happy to go with that. Sounds like you have a heck of a holding along with csz. I've been watching here for a couple of years but only joined you guys about 1 month ago.
After reading through the latest broker notes and estimates this morning (as JG/CSZ suggested and to try and keep myself sain) I remembered why I invested here in the first place. There are still risks with ALGW but rightly and wrongly I decided to double my holding at 10.03am anyway.
I just got a funny feeling about 7am RNS tomorrow but I often have funny feels so we shall see.
JohnLewis79 - Will there be an RNS in the morning that's the big question?!?
I've been patiently watching BMN for a year or so now and as I have decent funds at the moment I bought a trench Monday and another today, I'll add one more Friday. As someone mentioned here, right time and right place, I believe this to be correct too.