Member Info for Strider4

Unlikely to be a rollover, as it's been 3 or 4 days now since the price was at 14.9-15p.

at a premium at about 12:30 today. Somebody is confident!

Just me on here then! 10% up and looking strong on L2... Might not be long before it gets people's attention again and really starts motoring.

nm

Perhaps. Undoubtedly a moving share price gets traders' interest, regardless of the company. With companies where prospects are poor, there is big debt, they are unprofitable etc, what you see is a rapid pump and dump even within the day, or two at most. That's not what we've seen here. There is no smoke without fire. It rose on anticipation, perhaps aided by the MMs (but there are MM conspiracy theories abound and I don't believe them necessarily - often it's a simple case of supply and demand) and most certainly aided by a gathering momentum of traders and investors. But then, those are the standard mechanics of share price movement! What we've seen since is a typical retrace to around the 50 day MA, the start of a healthy second leg up, scuppered by a discount placing, and here we are: cashed up a 1 month closer to delivery on one or other of the big contracts that this company is vying for.

I had a sneaky suspicion all along that that was what was going on. The reason why the share price hasn't popped with all the buying is that JP Morgan have been offloading for reasons known only to themselves! Good - it can't last forever, and when they're gone this will be allowed to pop as is due.

Munchbox - ANTICIPATION of contract wins. Wrong, again? You think just because you sold out a bit ahead of me in GLR, with your tiny holding, that you know wtf you're talking about! Please spare me.

Munchbox - I don't think you are right. Many a share price has moved considerably on ANTICIPATION alone. Take GLR as an example I know you are familiar with.

Culmination of 7 years work - should provide the impetus here.

Before the placing, the chart look set for this to motor up towards previous highs. The 11p financing put the kibosh on that...temporarily. The company is now in the same position as before (prospects-wise) with money to make things happen more quickly. Any time now, that upward trend should resume.

The share price reaction to buying is truly bizarre. Something, whatever it is, is holding this back at the moment - means people can load up substantially, as we are seeing, at bargain prices prior to the pop.

The heavy buying pressure continues.

How exactly are they managing to get £85k of shares at 5.69p?! Feels like the price is being held back big time.

Manu - seems so - all this buying pressure building up a head of steam. Hopefully, should pop soon. It's overdue now, considering both the chart and the company fundamentals/gold price.

today. Excellent relative volume.

Costello - you might want to check your moral compass. Seems to be a bit off.

Just how does a buy that big get such a good price?!

(aka interest) has certainly picked up again here. News on finance could drop anytime now. And the chart is showing a sweet upward channel.

is still looking superb. We should be good for a much longer ride on this leg up alone, never mind the longer term perspective.

Chris, it's clear as daylight that Costello is trying, badly I predict, to trade the share. From his posting, it seems that he did own shares and that he sold towards the end of the day. Now he wants it to go down in an attempt to rinse and repeat. However, looking at both the fundamentals and the technicals, I think he has called it very wrong indeed. We shall see.