Defo back in the buy zone now. £7.5m with plenty of cash and deals to be made. Not advisable to go too heavy it can still keep dipping. Spread them out and be patient if it pushes lower. A big move up will come.
With so many shares issued its no wonder the price is struggling. I still think the Short Hedge will close out more in this range potentially causing another spike upwards. This up down volatility will be good for long term holdings because:
Company will have a strong cash position.
Placing Flippers will be out out or have a very low average to hold long term.
Chart structure will still be positive - maybe we'll get a nice bear trap soon.
Weak/Impatient holders get a out or withstand the current price pain.
Still not convinced on the assets yet but any future buys will be based on having a strong BOD with plenty of skin in the game. I like the fact that they used the PM euphoria a few months ago to raise cash. The PM Bull market has many years to go yet.