RE: Where it's at !15 Aug 2020 20:05
Artifical rise? LOL. I tried to top up with momentum as planned once the price started to rise beyond 0.64p, however it was very hard to buy unless you snatched the brokers hand off the second the stock ticked up, which unfortunately I didn't. Ended up getting dregs on quote and deal and struggled to get even tiny limit orders filled before the next uptick. Couldn't even get a quote for £1K at the close. Seems there were buyers in the market acquiring repeated chunks in NMS size of 750K shares or above leaving little for anyone else. If the price was rising they were making sure they were getting pretty much whatever shares were available. Clearly you'd only be doing this if you expected it was going MUCH higher. Given that RBD has to rise to OVER TWO PENCE before it's on the same pro rata valuation as UJO for its share of West Newton their judgement looks spot on. The sideways price action of the last three months will have fooled a lot of would be West Newton investors into holding off buying RBD thinking mistakenly that it was never going to rise. Now with the price finally breaking out watch as a whole flood of them scramble to get in before it screams higher to close the glaring valuation gap with UJO. If you're interested in the West Newton project, potentially the second biggest ever discovery onshore UK, then time to load up on RBD which offers exceptional value at these levels. STRONG BUY