RE: Share Price1 Dec 2019 15:57
Hello All -
I used to hold RKH and Desire (unfortunately) many years ago but sold out post farm-in. Started buying back in last week and will add more this week. Good to see some of the genuine iii posters like LTT, Ovets,Mike etc still kicking around. The recent fall from 20p ish is certainly curious, however the move has been on reasonably light volumes (& very light GBP notional) - nobody knows anymore than a few months ago - else it would be reflected with genuine volume. Obviously the dwindling cash-pile is of major concern however.
The reason we don't have lots of serious buying is pretty simple - there really is little need. Once we do get funding (I believe UKEF confirmation will be announced shortly) - many investors can buy in at around 30-40p - which at that point comes with very little/considerably less risk. But still huge potential gains. That was meant to be my strategy too...but this drop to 15p is kind of hard to resist starting to build a position now.
Best of luck all.