Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Apologies, I meant exiting the TPS. We await a RNS due anytime now from the courts, where approval will be a formality. See it rising some more when the courts officially approve it, and we exit.
Ethernity Networks has a total shareholder equity of $5.2M and total debt of $403.5K, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are $11.6M and $6.5M respectively. Not exactly a multi million dollar company but well worth the £5M mcap. With the fundamentals the company has in place, imo there worth £10M at this level, which will bring the SP to 3 or 4 pence. With the added news that the company will be exiting the TS, this will only add more value to the company.
Flushing out the bedwetters before the next inevitable rise.
Holding Firmly.
I just looked on the London Stock Exchange London website and it shows that on the 18/01/2023 at 12:00pm the SP dropped to 2p for twenty minutes. I hope that's a slight technical glitch and not anything more serious.
It doesn't say whether it's a buy or sell, it's showing as unknown. However, I strongly suspect it's a buy a there is some serious buying going on today. I've just checked in the L2 account and all I can see is large buys and not a lot of sells. Long may it continue.
Looks like everyone is selling off with the very strong possibility of a Placing coming up. But I've just done the Maths and from my calculations the company still has 4 drawdowns outstanding, thats 1.2M. If this is the case then there should be no reason for a Placing until at least March/April.
Onlyprofit - That's actually a sell. We only had 1 buy on Friday and 17 sells. In fact all week has been a sell off. I invested in a L2 account this month, you get much more in depth information especially with the level of trading. I'd highly reccommend.
I wouldn't call it tanking, it's just hit a ceiling at 30. Whether it breaks through 30 or not depends on how Bitcoin is doing. If it stays above 42K then we should break 30, if not then this drops.
News of Sales abroad has come and gone, and it didn't do much for the SP. We now await news on FDA, the stroke test, and further rollout of AIHL. Any positive news on FDA or the stroke test will see this fly. We hope it comes soon. If not, just sit on your hands and wait, this is a long hold so patience is needed. Hope everyone had a great xmas, and wish you all a Happy New Year.
Holding Firmly
One thing I've learned in my short years of trading, is never buy in on the morning spikes, always wait until mid afternoon when the price settles down. I've been caught out a number of times but I'm starting to get much better. I try not to get carried away with the early morning hysteria and buy in more towards lunchtime. Got lucky with this one, got in just shy of 25.
While your sitting, waiting, and hoping, have a quick look over at ARB one of my favourite stocks. With Bitcoin on the rise this company is rising too. Just had a cheeky flutter, something to brighten up the incoming New Year. Always remember..DYOR.