Member Info for Swanley

Agreed Italian. I plotted an Elliott wave 3 last night based on the assumed ratio of 1.6:1 for wave 3 and got a target for wave 3 of about 14.8p. Of course this could easily fly past that in all the excitement and wave 5 in commodities apparently can be the biggest wave also if Elliott wave theory holds any credence.

Price now nearly at high from Monday's news. Looking good on the weekly chart too. Next high from 26th December 2023 at 11.650, after that, no resistance till about 13p.

Would be nice to see this close above 10.82 today as that would show a new high since the recent (March. Just lost my IG charts due to this feckin outage, so can't get the exact date) high. This would then indicate the start of the next move up. GLA

Yeah wouldn't be surprised. Half expected a down move manipulated after the half-year results to enable those institutions to reduce/close their shorts.

Lovely jubbly. Worm definitely turned here.

Not to hold you to a technicality, but SOLG did plenty of open trench surveys that would definitely have required spades in the ground ;)

"What I don't understand is all these big sells."

Trading.

6ft swell?!

Curious how all those purchases were at 7p. If all those buys at 7p today were for one person accumulating, then that's c. 1.3m shares which is > 1% and we should see an RNS early next week for that. Some big buys today. C'mon the Pie!

Yeah perhaps. It's just the consistent buying of round number sums that makes it look like accumulation to me. Time will tell I guess.

Suddenly a lot of buying today... Either someone else accumulating or leaky news and RNS soon.

GLA

Starting to look a lot like the rise in June 23 which went up to £10 in about 6 or 7 weeks.

For next week. Technically, price now above the daily 200MA. MACD all but crossed and turning up and should cross the zero line early next week. Looks like it's shrugging off the shackles of resistance since April this year. Some positive news next week could see this fly. GLA.

Nice, averaging down and show of continued confidence.

From shareholders' perspective, I don't believe it matters whether a Management Buy Out, Buy In, sale to another company or if taken privately. There will be a price (I assume well above the average price that people like Hanson and Hargreaves paid for their shares) that the company buys our shares back at. So long as our averages are below that, we're good. 20-25p would be v. nice, equally 15p (just above Jan 8th's high) would be nearly 100% profit for me.

Since Hanson's average is around 10p and Hargreaves' was about 6.5/7p IIRC, then the sale price will most likely be above that. Multi millionaires and multi billionaires don't allow themselves to get shafted financially. They're rich for a reason.

Today's situation is an opportunity to lower averages and buy volume at a discounted price - which people seem to be doing (buys outweigh sells so far). Different story if Hansen and/or Hargreaves sell their holdings, but so long as they remain as holders, I'm happy to hold nearly 1% at a nice low average and await the outcome.

GLA

And yet Hanson has bought nearly 2% and Hargreaves has bought 4%. These guys must be total idiots.

... Still no trading update I notice... Some nicer buys today however which is encouraging.

Yeah, I used those to make the calc. Only issue is his purchases prior to the 1% threshold cross were not publicly disclosed, but if you assume somewhere between 10-12p then the ave works out at almost exactly 10p.

Fingers crossed we see some announcement soon.

Agreed on the consortium, it looks very much like that. I worked out that Hanson must be at an average of 10p/share and Hargreaves is in around 7p-10p range (guessing as I have no visibility of any accumulation or large purchase from all recent transactions). They would typically expect to see 100% on their investments so that price of 20p or thereabouts seems realistic.

It's probably unrelated. He's probably on about the Euro's starting tomorrow or something equally benign..

Should be a trading announcement coming up before the interim results, c. Mid June.