I actually fully agree with Amtech’s point of view, but he needs to relax. I hope he hasn’t lost his shirt on this share. I have lost a large sum on this and feel exactly the same, but you live and learn. The FCA have a reporting system for insider trading, but I couldn’t find anywhere to report sh*t*y directors - most AIM directors would find themselves reported to be fair.
The graphite wave of last week seems to have petered out.
Dan, the share price used to be 6p. It is now under 1p. Last two years have been a failure. Simple. Either they lied, or they misread the situation badly. Perhaps you are in for a trade from 0.5p and want to talk the company up, that’s fine. Longer term investors are heavily underwater.
If our lazy BOD had actually made even the most minimal effort to support the share price over the last two years, we could have bounced 50% from a price like 3p. However the SP is so pitifully low, bouncing by 50%+ has made a near negligible difference to long-term investors. My disdain for them is very strong.
Although this has risen from sweet FA to sweet FA + 35%, it will now catch the eyes of those who track the Big Movers on AIM, so could see some momentum. Ultimately I wonder if best plan is to sell the company or concession to a bigger player. I wonder if we could see a ‘growing interest in the company’ type announcement in coming days or weeks.
With the annihilation of the share price, the company have to make an announcement tomorrow. Otherwise it really does send the signal that this is what they expected to happen and that the current share price is fair value.
Investors follow the information they have available to them. When the CEO says the mine build is on track and on budget, you take them at their word. You don’t expect a mine redesign half way through the build.
No clarification RNS this morning. The 35% statement still remains unclear.