RE: It's all on purpose15 Sep 2021 20:02
Volume wasn’t bad today. MM’s doing what they do and robbing PI’s who are giving away their shares. Perhaps on technicals some traders sold on the news hoping to buy back on the cheap. A few sells and MM’s have an excuse to bring it down to unnecessary levels (29p, after this mornings RNS - really?) we’ve been higher than 30p JUST based off last years potential MT sale - excluding the variety of nuggets the Colonels at EUA have revealed to us over the last 10 months - resource upgrades, JV’s, new areas, licences, Board changes, to name a few.
For most we ignore the noise and hold. The Board are doing their bit and haven’t let shareholders down. PI’s can help with sticky hands, nervous nellies don’t help themselves nor others. They only aid the shorters and market manipulators
Two weeks flew by pretty quick! Funny that, the prospect of an MT update (which exceeded expectations for myself) supported the price due to anticipation. Maybe some have forgotten that now that’s out the way it’s quite literally another box ticked. What’s next?
FLANKS! Modelling of flanks, we have been told we WILL be updated regarding this
ROSGEO JV! EUA are hinting here, there’s a bunch being sold - and if you thought this MT update was good, wait till the rest of the news follows
A well respected investor has mentioned that licence transfer news, complete pit models and finally the DFS - is all we need to seal the deal.
Is it worth trying to risk the trade? Do I see any companies that will 2-3x or more in sept(/oct)? Not for me thanks. I shall continue to hold and enjoy as im almost all in.
If you sold and bought back, good for you. If you sold and don’t intend to buy back, your loss but to each’s own - everyone has it different.
But let’s be clear on the update, it deserved an over 10% rise in a fair market. But we saw -10% because it’s AIM, not because the news was bad.
And as mentioned above this is so so close to the finish line. Next piece of news could be days or just a week or so away. Risking selling to buy back for 10%, when we’re looking at 200-300% plus shares to keep, isn’t worth it. Well done if you managed to grab some on that cheeky little dip this afternoon.
Remember 15p went to 30 in no time. When that dividend is announced, the only thing that matters for us is how many shares we hold.
Tiny sell offs don’t cause -10% like this, be careful to not sell your shares on the cheap if you believe. Very exciting time now and SP at this stage is quite irrelevant unless you’re looking to add. I would have hoped most have done so by now.
Lots more news to look forward to and who cares if the manipulators or shorters or nervies bring it down- all that matters is we are one step closer to the end, and then this is will pop like the mother of all cherries