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I expect a rampy message on here any second.
They’ll be selling these later, lower lows will arrive.
I’m still perplexed why folk are thinking it’s mega cheap?
Across the entire market, even now, RUA is one of the biggest risers over the last month.
It’s 76% up in one month, that’s huge, and for a company that is loss making, and burning cash, I still can’t fathom why it should be up 76% in a month.
As mentioned last week, this bulletin board was littered with pond life, ramping this share with ludicrous price predictions.
Remember Gordon Bennett, devoted new RUA investor, predicting all things brilliant at RUA… he sold up, and is now ramping FAB, as if that is the next great hope.
https://www.lse.co.uk/profiles/gordonbennett1/
Know the game, some seriously dangerous folks out there.
Flava,
I haven’t give advice on this bulletin board, just that I personally think the share price has been overinflated with a few individuals who have a track record of that very thing.
Funnily enough, on Friday, you made this statement:
“ Picked up some more now, as anything under 30p is still a bargain. Just a couple of days ago, buyers were paying 58p.
Get in on the action and take advantage of this great reversal. But only if you're in it to win it."
That looks a lot like advising people to buy this share, and it looks a lot like financial advice. Let’s hope you’re right because people might have bought after listening to such statements.
Flava,
You were advising others that RCGH was a good buy at 100p, a share that had risen 500% on fresh air. That cratered, just as I expected.
RUA is still 200% up from its recent low, and in my view, i'm not entirely sure why as the company has advised the market it is burning through cash. I am posting because I think it will go down, just like you are posting because you think it will go up.
Flava: "I would ignore the trolls talking complete nonsense about it being pumped by day traders. They are clearly uninformed and their comments should not be taken seriously."
I guess I would be classed as one of the 'trolls' who predicted the share price would fall from 45p to sub-25p.
It's fallen 50% in a week, if you're not aware this was/is a pump and dump, you should possibly get a new hobby.
As mentioned in a previous post, the only trades appear to be from those stuck in the ramp.
The back to back small scale buys gives the impression of buying interest, but the problem is, those buys turn into sells in an hour or two. It’s been happening consistently for 4-5 Reyes now.
Lower highs and lower lows each time.
Sub-25p finish today is my guess.
To counter:
"Picked up some more now, as anything under 30p is still a bargain. Just a couple of days ago, buyers were paying 58p."
Two weeks ago, it was 12p to buy, with that context, paying 28p two weeks later, due to a coordinated pump and dump is anything but cheap.
The smart money is leaving out the back door in large blocks, which is why the stock is 16% down today.
Petro,
I bought Mila at 1p, I held for 3 months. They had a brilliant rns, which I promoted, yes.
It opened at 1.4p, and it traded on huge volume up to 2p. Everybody who bought on open could’ve sold for nearly 50% profit.
I sold at 1.9p, and did not short that stock.
You’re just bitter that I am correctly calling out the corruption on these boards
Flava,
“No placing” is actually two words, but I don’t suspect Key Stage 1 maths is your strong point.
Can you advise where the company have said this?
I would say the company had today highlighted that is loss making, and burning through cash at a decent rate of knots, in six months they would be in administration, so I’d be much more inclined to think they would need to raise, than not.
Petro,
I aim to short overhyped, and overinflated shares. It is no coincidence that I often run into the same posters on the bulletin boards each time, I am basically running into the same P and D crew each time.
If you look back at my posting history, I have called it correct every single time when I’ve run into this crew. So ‘de-ramper’ might be your word for it, I would just call it having an ounce of intelligence, something severely lacking with many on these forums.
What is quite clear is there is effectively the same money going in here and being taken out constantly, to make it look like volume.
My guess is 1-3 active posters on this bulletin board, who work together regularly, will place a raft of small buys, maybe 10-15 trades over 5-10 minutes, that lifts the price of the share price. They then litter the bulletin board with the usual guff “buyers in, 150p by close” etc
They then sell that very same stock, an hour or so later.
It’s the reason why keep seeing lower highs, and lower lows.
There is no new money coming in here.
Watch the same cycle repeat 2-3 times throughout today
Buckle up ladies and gents.
Rampers will try their best to spin this, but it’s going to get ugly.
Rebster,
The fact my post, which aimed to be entirely informative, got 11 recommendations tells me that finally the SAR LSE board is maybe more appreciative of some actual information, rather than the hollow takeover talk and such like from the likes of Ahfam.
In August when I posted examples and evidence of similar Riverfort finance at other companies, and its subsequent destruction of said share price, I was called nothing but a ‘de-ramper’. Wonder if anyone would change those views if the clock could be reversed 3-4 months.
There is a lot of hot money in here, it’s all got to exit, my guess at some point before Friday close. Traders/chancers don’t like holding P & D’s over a weekend.
So two trading days for the rampers to exit, the game of chicken commences, who blinks first, who’ll be holding the bags at 15p?
Either forgetful, or the company was too sheepish to include the pertinent numbers in the rns…
The company didn’t include the drawdown price for the 508,000 new shares. Well, the warrants (83p) are given out at a 40% premium to the drawdown price, meaning that the share issuance is done at 59p.
So in 3 months, the reference price has fallen from 103p to 59p. That is why this type of finance is referred to as the D —— spiral.
Flava got out a little earlier than a couple of the other rampers in RCGH, before it crashed 90%.
Will he manage the same again. Will Gordon Bennett slip out of the side door.
One thing that is clear as day, there is very little buying internet here, and the scary thing for the ramp crews, is they’ve all got to get out yet.
That’s when the collapse comes, who will blink first?
Well it was an equity raise after all. I reckon the BOD have done a decent job there for holders, at 22p, in respect of the company being on fumes and the lithium market on its knees.
I'll assess whether this becomes a long at any point, it will likely churn at/just below the placing price for a little while yet though.
I still believe ALL is the best lithium play on the London markets, but even that isn't an attractive buy, yet.
That’s as ridiculous as someone asking you to prove you are long.
Considering this site doesn’t have an upload function, it’s a totally pointless request!
Donut,
99% of small caps cannot be shorted in app or online. That's where a telephone relationship is key with your broker/s.
Petro,
I made good money in PREM on a short term trade from 0.38p (post 0.35p placing) and sold at 0.53 after about 4 weeks. (all noted on my posting history). I've also shorted PREM numerous times, in fact I did from 0.29 to 0.27p this morning.
Moral of the story, I have zero allegiance to any stock, long or short. If there is a trade in either direction that looks promising, I will have a go.
Most retail investors treat their holdings like a football team, tribally defending it as if its a competition of who's company is the best.