My thoughts22 Aug 2019 08:03
Watching Level 2 does give one an insight as to where we are at this moment in time.
Firstly volume is small and has been for many weeks now.
This has allowed DMA to control the price for a specific purpose.
It’s easy for them and you have to try to look at the reasons as to why anyone would sell at AT prices when we all know the end game will be a win win for long termers.
Price is not drifting for any particular reason especially if you look at the post CC result when we shot up to 37p.
With 30 million in the bank from memory and the need for funding on the horizon I can see BHP and NCM getting heavily involved to increase their stakes and to put cash in to Solgs bank.
So they are happy to control the price to suit their own ends.
But the price will only attract further interest from a host of Majors at this time.
Why would the latest broker nite come in with a target of £1.07?
They know what’s happening in-house and all roads lead to a takeout.
It’s falling in to place.
Drill permits, new MRE3 specific new recruitment, rigs drilling everyday,thousands more meters still to report.
Nick holding back news???
And don’t forget CGP.
All this bull about being translated into French!!
This could be achieved in a week let alone 4 months.
Solg are up to something and it’s going to be explosive once announced.