Member Info for Troutisout1

That would be a concert party and not be allowed, as would someone getting and inkling and trading ahead of the news.

I think it is still several larger investors working buy orders, against some profit taking and the new wave of investors getting in after it being tipped.

The SP is holding up well as there were 450k buys first thing this morning that have registered as sells on most platforms (actually not in either on LSE but LSE figures should have 450k more on buy side), so actually a lot more buying than selling today.

It's only a matter of time before we push through the 10p level and remain above that...

As many as you want if they keep collecting 500k sells, which seem to still be the placing shares being shifted. Once they have gone then it an move more freely.

BTC above 46k and ARB certainly not 24/25...

Looks like it now has all the traders that bought sub 20p cashing out as well as any selling off of the last placing shares a double whammy that needs to be worked through before it can go higher.

It is totally true, read what Gazzard said in the RNS about the £40k loan.

I would take with a large pinch of salt what the Company say about a future fundraising and it's uses, they will not have any money without it and wouldn't go through the capital restructure without needing to raise funds.

I can't quite see how he can say "At present the Company has no proceedable RTO opportunities" and you think the wording which is snake oil stuff about a future fundraising means they are any closer to an RTO target, they are not...Hence stating that in the RNS

I can understand why it goes down to the placing price,

Forward selling at any price above by placees.

Investors feel they have been shafted and won't buy until they can pay the same price so hold off any buying.

Shorters feel they have a target to aim for.

But having reached that target I don't get why you say because it went 25% below placing price last time, it should now?

After all things change and at the moment having reached 20.5p and being under to buy, any market move due to ETF go ahead or anything else will be far more likely to decide the SP from here.

So in essence the £40k further loan is just to get the Accounts sorted (that will be auditor's fees and cost of AGM), they haven't got an RTO lined up and the loan restructure may make an RTO more attractive. Can't see any straws being grasped there.....

What price would you lend/invest money into DKE at the moment? It's not going to be the quoted SP....

DKE CEO elect said something last month,

CEO Elect Paul Gazzard commented:

"The board of directors are working closely with its broker, Peterhouse Capital, to consider all capital raising opportunities and to review prospects with regards to an RTO. At present the Company has no proceedable RTO opportunities, but we continue to review those presented to the board and will continue to ensure the market is kept up-to-date on progress. The additional funding from the Investors ensures the Company is on track to finalise its annual report for the 30 September 2023 year end and intends to publish those within the required timetable. Further, the restructure of the Existing Funding and the Chesterfield Conversion simplifies considerably the historic liabilities of the Company, something which the board believes will have a positive impact on progressing a potential RTO. The circular for the annual general meeting will be posted next week."

Atrades, not sure it is putting the raise in now or who they gave the raise discount to? It seems someone has been off-loading these past two days, which suggests the quality of some of the Institutions in the placing was at 'bucket shop' level and they are forward selling the placing.

There may have been some Institutions that would have been happy to get in at the discount and actually hold longer term, whatever happens raise was needed and it's effect would have been negative to the rising SP, maybe now it's out there, the SP can start to rise again, as BTC hots up.

Shandypants,

It would tick down for a big buyer because they will want to set a price when the order starts being worked and when the selling dries up and the SP moves up, the MMs need to bring the SP back down to get closer to the order price and because after a little move up a tree shake can often work out some of the traders and weaker holders, to fill the worked order

When I saw the first print I believed it to be a worked buy, however it not being delayed was unusual and the reason later became clear when the second one came through delayed, almost certainly a cross trade (Broker to broker or MM to MM).

We move on and there is still enough interest on the buy side (even if the MMs use the spread to put them into the sell column).

Sianna often posts like that and then a couple of days later will post asking if everyone is as worried as much as Sianna is...

If people haven't read the circular and realised the ramifications for current holders then that's their loss. DYOR!

Good to see the volume being backed up by several large, late reported buys .

Why would you take the CFO to a large trade conference?

Https://twitter.com/i/status/1742083195099627604

More positive momentum this morning and a break above 10p. It's been a tough nut to crack in the past, but a determined breach of 10p will see us revisit all time highs shortly.

Http://www.dukemountcapitalplc.com/documents/GM%20Circular%20CLEAN%2013%20Dec%2023.pdf

Probably both, I posted the link back in December, it is there...

The only thing being floored is the SP, the logic you have used to push this as an investment however is definitely flawed....

Oh Mark,

I reckon you could be one of those that actioned the p&d this morning, you are after all just a trader here, that got caught up in the suspension.

Anyways while you were silent here this morning (probably trying to work out at which point to sell the shares you had bought), I posted a few thoughts and I think they were quite accurate when you see how the day panned out....

From GG1111

"Trout keep your eyes peeled for another 500k and 250 k coming through….very shortly"

Well have to say looking like a good start to the New Year here, picking up slowly but with some good volumes going through. Add in a bit of Newsflow and this will breakout of the recent range and if so could hit 12-13p levels as next target (mirroring the 3p rise in November).