In a non Hong Kong democratic world, we are entitled to different opinions, however, I think the MMs were just using the maths, most AIM listed companies who are RTO candidates, end up going bust. That's why they are short.. I don't blame them, as you point out, they've been doing this for years. They have just been caught with their pants down this time.
Over the last 6 weeks they have been trying to walk this stock down, even on the morning of the 30th... Big time!!! They failed, pure and simple. They have bigger fish to fry I assume. It'll be interesting to see what level this stock comes back to trade at, They still need to cover their positions.. I can't wait!!!
I guess. Placement of new shares to fund a drilling exploration program, one would assume... Depending on how much info is already available. Prove up reserves.. Sell, put money in pocket...
Yes. The mine that was bought by Oceana, Haile, is bang slap in the middle of the area where the prospects are... We assume, without seeing a map..
Ahh yes, they tried so hard to push it down yesterday and they failed. They will now pay the price for their arrogance... The announcement says it all. I reckon its all over bar the signing. Nomad wouldn't let them say what they said without the announcement being credible... Let's make some hay while the sun shines, and some££££££ too. Amy sellers put there? I'm an off market buyer still..
It really is, weep MMs, you are about to lose your shirts...
Very interesting question Numpts. Basically, MG has bought 30% of the company, and if you look at the records, they were all bought as 2.5mn, 5mn, 1mn, 10mn blocks. That's because the MMs were going short. Yes, the MMs picked up a few in the market in the meantime, but they really really didn't pick up the 20% that he bought outside the placements. Also, bear in mind that other people will have been buying chunks as well. So all in all, assuming there is a suspension announcement Wednesday morning, the MMs will be royally buggered. This is a relatively tightly held stock. There's not much out there.
Watch for an RNS in the morning today, and, probably, much will be revealed.... Hope this helps and hope you've bought a ton of stock while it lasted...
Already at it. Vodka diet coke in my hand. Tropical evening breezes..
Already at it. Vodka diet coke in my hand. Tropical evening breezes..
We'll l be fine. It was difficult to buy stock at the close, actually thay tried so hard not to. They are short, and scared ****less. They had it all their own way till 12.30. And then, superstock somehow, don't know how, just whacked the MMs. Funny, thing is they are trying to amend the closing price from 0.0034 as we speak. Idiots. They were fine when the market was collapsing.. Now they are not. RIGGED MARKET?
Christ that was hard work. Relax... It'll be alright on the night. I just wish you had all listened a bit more. We're going to make loads of £££££. Hahaha..
Today's the day. Buy now or forever hold your peace...
Looks like they, will be too... This thing is heading over 0.0030.... Not what the MMs wanted for sure. Announcement or not, there's been consistent buying on the dips. Every picture tells, a story...... Onwards and upwards...
What's the betting it goes over. 0030?
Buying. 8mn so far 2+3+3. This is bull****. Someone put a tweet out saying its going bust. Can't believe people belie e this ****.. Announcement re RTO I'll bet my bottom dollar tomorrow morning.. Fun day..
They have 2 choices Numpts. 1) Announce RTO before the close of business tomorrow with a voluntary suspension, or, 2) after the close of business, announce a suspension due to the 6 month period since it became a cash shell expiring. Anyone worth their salt would want the former rather than the latter. However, they would still have another 6 months to complete the RTO before delisting. What you are getting at is No. 2). Let's see. All will be revealed. Tomorrow
But even if it is suspended tomorrow evening without an announcement, they still have another 6 months to announce an RTO. Its not the end of story by any means.
2 days trading to go, MMs very short, read my missive at the beginning of this string. Some decent bites of buying today, nip and tuck whether RTO will be announced before suspension or not. I'm still buying.... slowly but surely but accelerating today given time constraints on trading due to suspension...
Join it!!!! This is the stock that other stocks simply cannot reach!!!
Not Really, HL ARE NOT MMs so they have no business making a price for you. They would go to MMs to get a price for you, which right now, is 25 bid at 29. MMs are between a rock and a hard place now. up the price and they will get stock but increase their short losses. I feel so sorry for them...... NOT!!!!!!!
Who are HL? MM? The spread is so wide you can drive a double decker thru it. Sure sign of market makers scared S***less.