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Encouraging RNS. Like how the deal is structured, all shares so it would seem Hesperis Resources are confident the area is prospective and CMRS are in a position to take it forward. Would be interested to see the data.
Yep apparently dumped, onto the next..
We don't know John as you say, but the price action suggests it was a liquidity grab, sharp dip and immediate bounce.
I think more likely a stop too tight to 2p.
Does possibly look that way, a large 3.9m sell order filled at 1.91, possibly a stop which was in range for the mm's with price down in the lower 2's. Certianly interesting trading behaviour today on the hourly, much higher volume.
Attempting a pump and dump whilst the sector is in its deepest bear market in years is admirable I guess. Earl at least please put us on your watch list and remember to come back when sentiment in junior exploration starts shifting.
I've been in this share since it first listed, I know it's assets and history certianly better than you. I'm simply saying we don't want you here as your dump discourages other investors from getting involved.
Please go away Earl. This isn't the first time you've pumped and dumped this stock and the inevitable dump really damages confidence for genuine buyers/interested investors in this company.
Wonder if Martin's running out of gas... been a brtual couple of years. You'd think at these levels it would be an obvious acquistion target for WPP but far too personal unfortunately. Hard to see the path to a meaningful recovery at the moment.
Good discussion and points on both sides here chaps, thanks. I'll leave the conversation to those more on top of the detail, just to say that's a very good looking drangonfly candle posted today.
Yes you don't bet £500k on a whim. Clearly PWB thinks he/Kav can extract some serious value from their assets.
Someone forgot about their pending order!
Natural to be a bit of distribution after such a strong rise yesterday. There'll be some profit taking and some new entrants joining here. You want a share to consolidate and create some support on its way up, much healthier than a massive spike inevitably followed by a huge flush.
Better tell Purebond...
Yes and XRF analysis could be done immediately and would be enough to make a decision on the option. They wouldn't be dependent on assay results.
Without speculating about the financials JP you're missing the bigger picture. As much as the suits in the city would want us to believe to justify their existence it is not fundamentals that dictate share prices but sentiment. KAV was a man in a shed when valued at 6.5p, the sector was benefitting from the commodity supercycle narrative and investors were falling over themselves to throw cash at junior explorers. Current sentiment is pretty much the opposite. This won't always be the case and once the catalyst arrives the whole sector will rerate and it won't be relevant to think of valuation in the current context. Not to mention if we make a meaningful discovery.
Thanks Troajan. First time I've heard Charlie speak so good to see him in front of the camera. Summarised the projects and seems quite clear in their strategy with some early success. Things taking shape again.
Nice reversal in today's price action, after opening low it's been all upwards since. Particularly encouraging on a news day.
Nice summary Womo, inflection point indeed, not to mention the upside risk to oil prices with such volatile geopolitics and the winter approaching. Plenty cause for concern but can see Zephyr being a beneficiary if they can stay on track from here.
Yes nice clear presentation. If they read this board then please do some interviews on the usual channels!