RE: DRC funding24 Jun 2024 08:55
7 MM’s on this & opened up 5.93% which is abit of a ruse, as they closed it down 1.29% on Friday after only solid buying, including a decent 200K buy after 4pm.
I suspect there isn’t much available at 2.6p so it will move up easily, then we’ll be ‘moving’ and on the leader board, which attracts further trader interest - the fact that substantial revenues are just around the corner May remind ‘non holders’ to take a position shortly.
I’m sensing a rekindled interest here after a 3 month lull, an announcement from WSG in the form of an RNS detailing the effective start of what is simply an enormous contract (compared to current MCap) will be issued.
Initial 10 year 5 Airport contract worth over £100M with plenty of additional opportunities to increase this revenue.
We just await detail on funding.