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I agree the volume is more than the usual trading silence - which mirrors the company comms, surprisingly :)) - but there are still million of shares out there, versus the few hundred or so we have seen over the past few weeks.
Unless we have some large trades after hours, I'm going with a MM bluff...
-21%... on very little volume. MMs spooking people...
Feeding frenzy on fear. Wouldn't be surprised if the results are positive and the noise is just a distraction.
Guess we will find out.
Down 18%...
I totally agree the signs are dreadful... but it ain't over till the, erm, lady sings...
Not sure Tony Buckingham and Nick vS will want to be associated with a company that goes bust for incompetence... I would hope the light isn't quite out yet.
Under £3k of sells and the MMs drop us... double bluff perhaps?
In fairness, the JV announcement was about the 90 day DD... and the option to add another 90 on the back of it... it was pretty clear. I think we are just being bounced around by traders and general marker malaise.
Getting in in the 4s is still very positive. I made my first purchase when it was around 8p after the first EA announcement... been a lot time averaging down.
GLA
Thanks Diggerman!
@Diggerman - are you still in the hood? Any chance you could pop over and see if the lights are on?
Well somebody followed it up with a 50k buy.... so there must be some interest somewhere. Wonder what Bennelong are thinking/doing?
Aim Rules 1-14 being that there aren't really any rules.
Grappa, as in you just can't bring yourself to hit "Confirm"... ?! :)
At what point do we get thrown off AIM... or is that just missing annual accounts?
It is certainly true that MC clearly doesn't give a stuff about the share price... If this is because he's got it all tied up, then great. If not, I would hope some of our larger investors will have been leaving messages for him to give them a call. That is, if it isn't the larger investors behind the recent sells.
If any faith is left, it would present an incredible buying opp, of course.
Perhaps NvS has finally given them some pointers....
Looks like their website has been updated...
Current Production
The Mine is currently producing up to 4,000t per month of coal for sale and the Company is seeking to increase production up to 10,000t per month in the near term.