Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
If I thought I wasn't going to get a decent return in the next 6 months...3p....id be off.Stock markets generally look 18 months ahead so if expect concrete news comes soon then easily see sp over reacting especially with such a small amount of shares available. Its in AZ and his mucker best interest to shift this along as fast as possible before competition comes along
There is always a seller of nearly everything in life its just the price. So if someone wants to by syme after its let go then they can only do so at the price someone is prepared to sell at if that is too expensive then they will not buy but that will set the market price. Example syme spikes on news and buyer wants to pay upto 1.5 p but no sellers though I'm prepared to sell at 2p then the market for a short while is 1.5 bid 2p offered if you get the drift. You can Always buy a share but not Always sell them.
Now just a thought but if the figs are to be believed, and I do, and you go along with the IIs loading up theory then it is easy to see the lack of movement at the moment. However this works both ways as when we get that piece of concrete financial news be it SH, Bank or client sign ups then the sp will completely over react on the upside. Not just because it,hopefully, will deserve to but new buyers be it Pi's or new IIs then they will be chasing a very small free float(15 pct say) of Pi's shares which may be in sticky hands or may not. Then factor in p/e val for fintec then 3p easily achievable in a shorter time frame than some talking about...imo
jester, hello captain pleasant see you have surfaced here we are all doomed. actually yes on today looking at a nice loss on a simple transaction of 3.5m shares and yes I will sell in my good time now back to annoying other BB's you worm.
ira/poly my problem was much more simple. Sold something else in my isa and meant to use the freed up isa cash to buy syme but when I came to buy the syme my hsbc account had reverted to my trading account so instead of buying in isa account bt in trading account. so as already bt enough this morning now having to reverse my trades....errr schoolboy error and of course I've lifted the wrong leg...typical he ho bounce please.
Well after today's very ,Imo, positive rns was really rather disappointed with the sp reaction. I sincerely hope this is not a share that will only re act on a takeover...it happens. I ended up with an extra 2m shares which in all honesty was only going to trade but in the end sold some ujo and kept them as really cannot believe 5hat this sp will not move sometime soon but feeling slightly uncomfortable at losing more ujo at the expense of syme hope my gut proves more correct than my head and I have time to sell my borrowed ujo shares here and reinstate prior to ujos drilling results. Please please give us a financial rns with some actual numbers not agreement this,mou that.....
donotpanic really hope you are right but all I see is relentless selling which ,despite being lth,is really rather depressing made worse that I bt 2m at 57.5 on the way back down thinking that it would have a second go on the upside....WRONG...oh well