Actually I'm just saying it how I think it is currently so don't take it as gospel....sure I'd 'deramp' a 6 figure GBP holding, I have quite a lot to lose here
You're just repeating things I have been spamming since back in October, which FWIW I agree with... current PD prices are why I've revised a 20-25p sale target to around 50p+
Anyway that's enough for me - will check in at a later date
Not going to go into detail, but its based on what I expect from a potential sale.
Fundamentally nothing has changed in terms of sale progress - other than resource value and sitting on a a mil or so cash, and a nice report of course.
Ask yourself what happens to a £175m mcap share if for any reason it's delayed or collapses..... yes I know there is production etc but that's obviously further down the line and changes the dynamic completely.
It's purely momentum and a buyer driving this at the moment, just don't be fooled into thinking 'because I see a report that says 60p' it will at least reach 40p etc etc
I actually think we're pretty close to FV in terms of a risk reward position (for those waiting a sale), £175m is actually pretty high IMO
The background buying momentum will probably drive it up a few more pennies but it'll stop at some point - then it depends on how close the sale is.... also consider other catalysts such as flanks/pd price etc
Still trying to figure out why they'd hold so many yet take a full holding of 1.5m+ at numerous points, can only imagine they're wanting to control the inevitable spike/rise on announcement as low float available..... not a bad thing of course.