Shares traded6 Jun 2024 19:55
Funnily enough, trades today were matched, 850M bought and sold and yet the sp was decimated by 55% which doesn't quite add up!!!
Start of the day trading was hugely sells with little buying but we ended level?
I can't quite fathom that, as usually with such a fall you expect to see a huge sell-off!
Anyone any ideas?
I have to say that Clon surely would have known the criteria to pass through the latter stages if not they should have, in which case they must have been reliant on their offtake partner doing so. What is required now are some updates going forward and plenty of them to turnaround today's fall. The trading today suggests there are still plenty of buyers around particularly at these levels, so it could easily turn. If however we sit here for weeks with no updates then it will drift downwards.
Not all is lost yet, imo, but some serious work and endeavour by Horgan and his chums needs to happen and pronto.
Mr T