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Based on the fact alone that spreadex have a block on taking long positions (week before the placing they took the opposite position) I am adding a chunk to my existing position.
It’s as good an indicator as any for me these days. Can’t believe we are back down to these levels
At these levels I am most definitely getting back in with shares. Doubled up my spreadex too.
Maybe Shorts trying to cascade the price down to create liquidity for closing out.
Either way I’ll take the punt at these levels. Don’t for a second believe Galmut and his trash the city won’t touch the company. The “city” will fund anything as long as it has assets of some type
Could be in a bit of trouble this morning. Those concerned about the company being taken private have been very vocal and have successfully spooked investors including myself.
Whilst still a bit of a slog all is far from lost. New board appointments may help but that remains to be seen.
Vat rebate will go a long way to secure the extent of dilutive nature of the financial future.
I have reflected on the companies position and whilst I am very uncomfortable with the recent news flow I have decided to open a position again.
I have accepted that there is a chance this may go to zero however after being invested for so long I wanted to see it to the end game be that a surprise positive announcement or a final nail
This is a pure binary gamble for me now at a much lower potential loss than it would have been.
FOMO has got the better of me
Hi Saluc, doing the same as you. I'm disappointed yes where the share price is languishing but the wider market outside of the top tech and selected other stocks is going nowhere.
With Chinese growth in limbo, very few resource stocks are on the move. Look at the Amati Strategic Minerals Fund. Its down 30% over the past few quarters - a signal of broader weakness rather than stock specific
The broader picture gives me sufficient optimism to buy these dips, particularly in my pension and ISA. This may take a while to turn but i'm hoping that when it does I have sufficient stock to not have to scramble in the spikes that will come.
Good luck
Let’s see the shorts try and get stock now
A wee announcement by the company should leave them nicely offside
No doubt the leader of the gang has already taken his scalp and is long now
Good luck - I added - shame to not take advantage of the shorters hard work
It’s a very quiet start to the New Year across the UK market. Would be nice to see a pick up in activity approaching tax year end.
Good time for a positive update- hopefully activity in X is a sign of PR team building up momentum as you suggest HC
If it wasn’t for meta, I Nvidia and amd I would be in tears at the absolute sink hole of the broader UK market.
For years I have heard fund managers extol the favourable valuations on offer in the Uk versus the overvalued US.
The gap is so large now that the uk is almost univestable. However I live in hope of the cheap takeover bid so I remain invested in those I have adding whenever u can.
Hopefully we can see a catalyst here soon and I agree with you HarChris with regards the fundraise. Maybe I am reading too much into utilising a small raise rather than a CLN, but I have added on the hope that this is the catalyst being flagged in plain site and the drip down is capitulation of stale longs.
Hopefully February proves to be the turning point.
Looks more like a few traders cashing in their chips for Christmas expenditure. Small trades and market makers not prepared to play ball with them.
We are so lightly traded that a repeat bounce similar to earlier in the quarter will happen again with the slightest uptick in sentiment. Trading statement over the Christmas break will hopefully trigger the move.
Happy Christmas and a happy New year folks. May Santa be good to you all 🎅
Astro
That's the joys of diversification. Make sure you are well enough spread so that you can benefit from broader moves. I'm sure I won't be the only one taking profits from elsewhere to add a few more in here
Watch how the global funding markets open up now that central bank rate cuts are on the agenda. 10 year rates have dropped 25% in the last month or so. Liquidity will open up and viable projects will find it easier to get debt funding.
Hopefully our day will come soon enough and ill get the opportunity to top slice in here again and reinvest in other out of favour sectors
The risk are there but the reward is also glaringly obvious. Profits from gold miners run of the last week going in here now
Liquidity is so thin the chances of adding on positive news without paying premiums is limited.
Fingers crossed that we get a decent pre-Christmas RNS
Added another 3k at 17.78
Know some posters don’t believe you when the price doubles and you talk top slicing
Thanks BBN for the thoughts. My sentiments also.
It’s a tough market complicated by thin liquidity
Good luck
Thanks Corry
And yes Noggers I firmly believe that the only reason shares fall is because of shorters.
Looks like after 30 years in the business I better look for other reasons for share prices to fall.
Thanks