Member Info for MrEMC2

Ship got that sinking feeling; someone sold 50k shares this morning.

Jun 15 2020, 11:49 92.00 50,223 95.00 100.00 Sell £46,205.16 O

Tiburn thanks for explaining that.

This RNS states:

"Any funds advanced under the Facility will be used to support the Company's ongoing working capital as it pays down creditors and seeks to secure reverse takeover opportunities in keeping with its status as an AIM Rule 15 Cash Shell".

But in the RNS on 4th May 2020 they stated:

"With the consideration received from Zenith for the disposal of AAOGC, the Company has sufficient resources for at least the next five months".

There have those funds gone?

Tomorrow what happens

if buyers cease how far will it fall?

if sellers cease how far will it rise?

Dirty Dirty Dirty cash shell!

I'm thinking someone sees value here. Shame this came out on a market red day.

I've done some daft some things in my time but buying first thing this morning before checking for RNS must be up there with them. Trade not even showing up and of course down on my investment. If I wan'st covered by plusses elsewhere I would cry!

Question - why would you lend £1.5m to a cash shell? How would you get your money back? (ok two questions).

Finally, a well deserved gap up. GLA

The real multibag was supposed to take place in 2019 then in 2020 and now it could be 2021 hmmm! I feel there is prospect of a better reward elsewhere but would regret selling low yet again! I wonder whether the buy back will commence soon.

I hear what fellow investors are saying and I am enthusiastic about the risk/reward prospects here. GLA

My previous experience with cash shell Concha/ Ritorno was a long slow death and all I have out of it is an A4 sized share certificate which cost me £20 as the shares could not be kept in an ISA. Bet here on AAOG is interesting but waiting up to 6 months from 4th May will test my patience.

Hi Acadany the last reported one I see is:

08-Jun-20 16:39:53 11.90 641,896 Buy* 11.10 11.50 76.39k O

Someone once told me that all trades reported after the UT are trades that took place during trading hours so the UT is the correct closing price for that trading day and the so called 'after hours trades' will not have any effect going forward. I don't know how true that is. ATB

11.9p UT was used by my ISA broker to value my GGP holding

I still think it is quiet rare to get UT trades on AIM. However, UT trades can be an indicator for the start of the next day's trading eg tonight's UT at 11.90 could mean that we gap up first thing tomorrow morning - well let's hope so.

If NC have the Scally legal title then there isn't anything to prevent them doing the exploration drilling 'on behalf' of GGP and we keep the money in the bank.

BC.n I am not a trader and personally I don't see discussion on charting as clogging up bbs but recognise it is not everyone's cup of tea. Just want to say in ending that I hope for "throw - over" ie heavy volume as 5th wave approaches the upper trendline as I think that GGP is exceptional (based on the research done by other posters). Thanks for your help. ATB MrE

Hi BN.c I have a passing interest in charting but don't have your expertise. Hasn't Covid19 thrown a temporary spanner in Elliot wave channeling and if so why would it work as an exception in the case of GGP? Also have you seen the 5 years chart for GGP it does look like we are on a rocket heading for the moon. Also would you comment on the line from bottom of wii to wiv - it does not look as that trend line has been broken.

"Another tool you can use is Elliott wave channeling where you draw a trend line connecting the end of wave 2 and wave 4. If this trend line breaks, it is an additional clue that wave 5 is likely over and a deep correction is taking hold".

Thanks in advance MrE

Hi Bonker99,

I thought that you and your charts had disappeared!!!

British Bulls - The previous BUY signal was issued on 21/05/2020, 15 days ago, when the stock price was 63.1200. Since then YU.L has risen by +86.15%.

Gosh I've repeated the mistake of buying high selling low.

On 27th March- price 67.50p - I said: "I first bought at 190p in June 2019 but who could have foreseen 65 -70p!! However, not selling down here as made that mistake too many times ; ie selling at the bottom only for the share price to recover within a reasonable time frame"

But I did sell at 62p - How many more times to repeat that mistake!!!!

Still in with a few shares here. GLA

RRR what's up? From your previous posts listed below you must be sitting on a pretty profit!!

30 Jan 2020 14:37 (TLW) "Are you mad? Buying ggp on a 30% spike!" GGP price 3.10p

07 Feb 14:22 "Just jumped in at 4.28 wish me much then! 10p I like the sound of!" GGP 4.295p

12 May 17:47 "That this was going to rocket today but you all chose to disrespect me.. maybe now you’ll start to listen to me!" GGP 8.25p

02 Jun 07:32 "Right now, a retrace will bring this back down to the 7.5/8p level imho , don’t get caught out buying in a spike peeps! #shortersheaven" GGP 11p