The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Morning all, Tilly there is definitely a background seller, Mr 100k, who has appeared every day for weeks now. That combined with the fact that positions have been taken for a long time by those who want to be in the game and not much news to change the dynamic and attract additional large-scale buyers, has caused the stagnation. What I don't understand is who Mr 100k is as there's been no reporting of anyone reducing a significant stake and the volume of these multiple 100k sells has been way over the 1% threshold.
Resistance is useless....
Honestly, I've rarely encountered such a bunch of total pussies! If you don't have any confidence in the business just sell and go! I can only assume you've completely over committed and don't have a balanced portfolio and also bought in at the wrong level. Maybe you can go and get spiked over at Avacta.
Oh, and I just ordered my lateral flow home test kits from the gov.uk website. Let's see who's still here at the end of April, frankly I don't expect to see many of you!
People have to get rid of this thinking that the MM's have some sort of personal vendetta and are conspiring to hold the share price down. There is no point in them doing that as they make money off trading it at whatever level and the choice each and every one of us has is to buy, sell or hold. Occasionally the MM's take advantage of pi nerves and swing the price around to try and create more of a market, a la recent events, but apart from that and a little jiggery-pokery to get a bit of action going, that's about it.
Why the position this morning? It's simple, as you can see from the published data, there have been many more sells than buys. Now as to why that is, well there are a few categories;
1. The weak willed, who have no conviction and are easily influenced. Jelly legged spooked sheep.
2. The woolly minded, no understanding about what they have bought into and therefore no understanding of whether they should buy more, sell or hold and eventually just drift away due to lack of interest.
3. Traders, trying to make 10% on a flip.
4. Those caught in a cash call of some kind. Overcommitted or caught by the extended timescale. The latter I have a lot of sympathy for.
5. Shorters. We all agree they are scum, but if you are one of these, I think there are many more sensible stocks to short than one in the middle of an FSP which could rocket and Jub you completely.
Then there are those who are fully loaded and have made the decision to hold and stick it out to the end. This combined with the ii's who are less easily influenced which leaves a free float for which there is apparently not much appetite at the moment. So, until there is sufficient motivation for the market to take a bigger position, things will continue to stagnate. Sometimes the market doesn't correspond with our own beliefs, but it's not a conspiracy.
This is the frustration but also the beauty of AIM. There are many companies undervalued and many others massively overvalued. You do your research, take your position and wait.
Looks like it's going straight into auction
29.5-31
Wins in at 29.5-31.5
denby, I think you need to go back to making plates 'coz this clearly isn't for you.
RNS said, WK fully evaluated area has 43% more than previously thought. Flanks has 3-4 times that again. MT etc we can't talk about and the FSP continuea.
What's so hard to understand? So many people here want to create a drama out of something simple.
I would say, DYOR but that is pointless if you haven't by now. I would also say GLA but I don't think we need it. So I'll just say chill, or sod off.
Why are people confused. I mean I know there are some total F£:@wits trying to sow confusion but it seems pretty clear to me.
WK current area has 43% more resources than previously believed. The flanks potentially contain 3-4 times as much.
Can't discuss the rest and the fsp is continuing.
The rest of the comments are complete bulls&1t
I wonder whether we will ever miss the 3.20pm Blackrock updates.
Have to shake out the weak-willed and woolly-minded before we can move on, and we will......
I have just had a look at my various confirmation submissions, the dates vary a lot, a month is well within tolerance.
All companies have to do this every year, legal obligation, doesn't mean anything.
One evening in Moscow when I had let my driver off for the day and drove myself to pick up my girlfriend, I was stopped 5 times by the police on a 5 mile trip! They called ahead and told colleagues I was on my way and had cash ;-)
JT, I agree with you in almost all respects. However, the spread at the time the trade was made (10.44) was 28-28.50 therefore it was a buy. The problem with delayed reporting is they show the spread at the time the trade is reported, NOT at the time the trade was made, this is what distorts the picture and you see it time and time again.
Levs, sell and depart you twonk
There are some types who just love to be contrarian, DD, Doge etc. Let them sell if they actually hold any, which I seriously doubt, especially if they believe Omega is only worth 50p. Pointless twerps.
Morning all. These early rises seem to be natural now. I wonder if once we conclude I will be able to manage a sleep in!
Good luck to all this week.
Don't you just want to grab these people selling now and ask them WHY, WHY, WHY???????
Don't you just want to grab these people selling on a Friday afternoon and ask them WHY, WHY, WHY???????