Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Well, for now it is about volume. So far today it's been a bit lighter. There are no obvious sellers about but if we don't see some steady buying then the MM's have a tendency to drop the price. It's certainly not a pullback at the moment, in fact we're up. I see nearer 8p as having a bit of resistance but of course any news will blow that out the water.
All the ducks are lined up and whilst we may be due a pullback, it may also coincide with news which prevents it happening. Also, I do feel this is a little different for traders. I trade stocks as well as invest like I do here. If they understand the story they are more likely to let their trades run or just top slice as opposed to selling up. All just my opinion and no doubt we'll see pretty soon. Any pullback is likely to be no more than 0.5p if it happens
Well there was the UT trade in the final auction for over 1.3m shares so they should be clear. MM's are 1 (75k) vs 1 (75k) which improved a lot from the time the overhang cleared. As long as we don't have any negative impact from anywhere then we have a clean start tomorrow.
I was about to ask :-) Had me confused for a minute...
Yes and the MM's on 7.5 has now reduced to just 2. That said something has just spooked the US markets?? CPI data not due until tomorrow but maybe a leak? Not helpful in the short term but hopefully won't affect us today
At the time of the last auction I could only see another 40k at 7.44 then nothing else. We have 3 MM's on 7.5 but given recent trades they should clear ok. Only thing here is if the trades dry up then the MM's might try and drop the price but I'd hope not. I reckon total volume for the day needs to get north of 7.5 mill before the 7.5p starts to get eaten into
In the last auction there were 6 orders totalling around 1.4 mill for 7.4p. Not necessarily the same person but irrelevant really as until they are absorbed the price won't move up. Won't take that long if we keep getting fair volume this afternoon
Someone is trying to sell around 1.4 mill at 7.4 so it's absorbing all the buys for now. Should clear over the next few hours if the volume keeps up
That's the thing here isn't it. They've done a lot of things and it's been fairly high profile in the country. I agree they have been able to raise funds fairly easily and I'm sure they have some valuable assets which make the price ludicrous but no takers for the product after this long? Radio silence from the Board when the share price plummets? Either they just don't care or they really don't have anything positive to share and are scared to say so. It doesn't take much to acknowledge the drop in share price and say they see no reason for it - they've done it before.
Well judging by all the little videos on their website and the hype around the opening last year you'd have to say they have. What I want to know is why does nobody want it???
Agree May1. No point in selling now - really beginning to annoy me after all the promises and 'progress'. Too many failed agreements to purchase their product by the looks of things. Either that or things take stupid amounts of time to go through out there. Trust all but gone at the moment
I think that's how I'm reading it SeisNav unless I'm looking at the wrong thing. If he'd referred to them as modules 9 and 10 it would have been easier
Few thoughts from Charles Archer on 'X' (Twitter). Always a balanced thought through view imo
https://investingstrategy.co.uk/mining/whats-going-on-with-technology-minerals/
First message on this board. Been on LSE for years but never bothered joining for some reason.
Anyway, had a small holding here for around 12 months, just topped up to bring my avg down to around 70p. Certainly not calling the bottom here but it won't be far away and definitely more upside than down. If it falls into the 40's I'll top up a bit more. If not I'll enjoy any ride back up :-)