Anyone Fancy a Rum23 Nov 2021 21:25
Evening all
Just logged in with a tot of Rum
Loads of noise on Deck today considering the stock only traded 9 million
3 month average 17 million
With no sign of JORC RNS Friday / Monday -
Financial trading groups / MMs pounced on this to open a handful of shorts & trade it south to 23.5
Hence all the negative noise on deck - old monikers / new monikers likely represent the same trading group ,
1 million in shorts increased on Friday/ Monday
Stock on loan 18.1 million
Stock on loan Friday 16.8 million
Only tiny % in comparison to stock float however has impact in thin volume traded
Exactly the same has happened here before & 3 weeks ago the stock bounced of 23.5 upto 29 .
Anyhow , the shenanigans & skirmishes continue until investors get the final folds of the Deal Map on the table # JORC
Investors have plenty on there plates …
Duel listing - sounds like a wider market for Russian ii to toss dosh in , # mop up the stock
USA ii in @ 26.5 twice 20 million dookaroos - won’t be happy with price below this . Just saying
DUE DILIGENCE- completed by the buyer
FLANKS LICENCE Banked - Triple value
JORC - Expected ‘ Shortly’
We’ve got Piper,UBS backed by WA getting the best deal for stockholders # legal papers been shuffled
BOD & ii hold 50% of stock
Grab a Rum it will all end well for investors in the end however without stock you will be tossed overboard
My musings
Rums all Round