Member Info for RichTheNewbie

What broker note are you referring to. Can you link to it so we can see what you're referring to...

There we go. A move up by one MM. Now 2 v 2. Looks like the overhang (wherever it came from) is being eaten into.

Looks like 24p is the nut that needs cracking.
Once that goes, hopefully it's the start of a gradual rise back up, to a more sensible valuation.
Reasonable buying still trickling in which is good :)

Been steady buying at these prices now.
Which is encouraging.
Looking like the attempt to get sells, by keeping all the trades in the red using a higher bid on the spread, isn't working.

Sorry 15 should have said 13.

Not sure where you've got the 12 major shareholders. I can see 15 major shareholders listed. Holding 70.18% in total.
The directors have 2.26% as you say.
Not in public hands 13.4% as you say.

So that's a combined total of 85.84%. Leaving less than 15% floating around at the moment.

Sizeable delayed buys trickling through to look like sells.
Reckon they're trying to encourage selling so they're not caught short on stock (or more short).

Solid stuff and all you could want at this stage.

Looking good so far. Ticked up with 20p back on the bid.
Happy friday.

Looks to me like buying pressure increasing and going to pop upwards soon if anything.

Trading really isn't making a lot of sense.
Unless some broker is offloading an iceberg in the background.
Suppose I can't complain as it let me increase my stake for peanuts down here.
Will just be nice when it finishes and we start seeing some sustained rises.

Yup.
I posted a while back on Twitter that they'd have to get to at least 30p or even 50p on the bid for me to consider selling anything.
I see 30p as probably where this should be trading and that's with pretty generous discounts for chance of success on either drug (it did get pretty close on this attempt but the top-end was clearly a chunk of traders - hence the pull back).
However, as every indication is looking good, I'd still probably want to be largely "in" at even those levels, and certainly not taking all chips off the table.
If there was material good news then those CoS discounts would no longer apply (or apply less) so the targets could again go up.
Looking like we may be at another tipping point now with buying starting to come back in.
If we're lucky the pull back is over and uptrend can resume.

Well that just shows that the trader crowd, who hold for no longer than a few days, can make this rise from 20-26p, and back, as their money comes in and out for very little gain.
Hopefully now they've fecked off the uptrend can resume.

Looks more like a little breather, pausing here trying to tempt some people into profit taking, and got a few.
Think I'll stick this out as originally planned.

Increased my position here today.
Always good to cherry pick the best seats in the house, nice and early, while it's quiet, before the rabble turn up.

That's the closest we're going to get to a nice peaceful resolution for this morning.....though I suspect there's actually very little difference between both our ages and grumpiness ;)

Ttfn.

Suits me CMG (as always).

If only you could see how ironic that post is.
You're sat here watching your money disappear slowly, hoping a share you don't understand will finally rise, whilst I'm making excellent gains elsewhere.
Poor old Monarch :)

Some of us had pointed this out repeatedly already......

New80 - come on.....you don't seriously believe they're deliberately not producing PG10 fully because they could get more if they were able to build a plant one day. There's no way they'd want to be doing anything other than running these two wells at the highest safe possible level for countless reasons. Which is why the "less than stellar" performance is concerning.