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Plenty of time for the SP to hit new lows below 1p prior to the end of Feb, I doubt we’ve seen the end to the shenanigans here…
To be honest at this point I do not care, the only thing that matters to me is the company gets it’s funding and continues as a going concern, able to see out the low V prices. Hopefully the China gov stimulus will help to restore confidence and get V demand back up.
Sold my trading position I'd accumulated here, keeping the positions in ISA and SIPP, not worth the risk at this point. I do hope it comes good for the sake of my retained positions, but if not here's to a lesson learned - money comes and money goes. One things for sure - I wont touch another small cap AIM stock ever again - the market is rigged against us PI's.
At least capital losses be be offset in futures years indefinitely, lol - maybe one day I'll be able to make use of them.
Yep, but if you think about it it tests investors conviction. Those that don’t truely believe in Mr Coltman here will likely exit - probably just before the next rise (and then Fomo chase it). Additionally we need any shorts nuked (this will encourage them) so we can break resistance.
Yeah, also these II’s are against us PI’s, they want to shake us out of our shares on the cheap so they can get more themselves. Sure they are in at 3p, but I don’t doubt they will try and get as many as they can sub that while they can…
Uksteveg: No, they are in contact with SPR, the last RNS clearly states that:
"The Company remains engaged in discussions with SPR and SPR has confirmed that the entire amount of US$12.5 million will be paid this week."
They did say they were expecting payment this week and it was due to delays down to the holiday season and that payment was expected this week now. On that basis I'd be expecting an RNS to confirm what is going on today.
If they dont make payment what's BMN's recourse of action?
Is that a multi year head and shoulders pattern I see on the SP chart..? SP appears to be rolling over, so id be definitely cautious here.
Just be aware, long term fundamentals can be great yet in the short term SP can fall - they are not always in sync.
Thanks for the dip there, added on that one. Not as generous as last time, but as least I was able to take advantage of it. RNS was basically positive, clearing out the dead wood prior to the move up to 3p + IMO. When the move happens they don't want any weak hands constraining the advance, so best get them cleared here...
The SP bid actually dropped to allow me in at 2.30, even though the SP was showing as higher.
V prices on the rise, news flow ahead, feels cheap down here.
Hxulcolrdoh is actually correct here (or almost anyway). I've run the numbers myself based on new and old market cap before and after the dilution to where we are now and sadly this is true.
Here's the reality - we topped out at 48p in Nov 2019 with the lower amount of shares in issue. Fast forward to today, to achieve the same market cap where we topped out we'd be hitting 26p. And that was with very high V prices and no overhead resistance on the SP (whereas today we have trapped buyers between 20p and 48p looking for their exit).
Sad to say, but if your average is above 20p, I think the writing is on the wall here.