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Well done Stevie, should be a decent update!
Good post RKtech, the sooner we get the license,
the better, then management can outline their
strategy. Big difference as you say between POS
and POW, as usual punters slow to recognize difference.
Magnum, been in and out of amgo a few times,
made decent money, out at the moment @24,
court case not a given, as for here, in at 1.69,
so not far away ATM, the problem is the rise from
january`s lows, lots of punters still in profit, and in
this market a profit is a profit!
Just bought back in again 500k@1.69,
API license normally takes 3months
if all correct and submitted, so guessing
June!
Wessley, I`ve been trying dummy sells all afternoon,
and at around that time was offered .225501 for 50k,
there`s no way he would have got that price for over
a mil.
I think once people realise that the CLN`s
were held by insiders, and don`t look
as if they are in it for a quick buck, plus,
this guy Ronny Breivik looks like he knows
what he`s doing!
Looks like a few are taking a nibble, no big
dramas regarding the CLN`s, a decent RNS
and we should be off!
Didn`t exactly do the maths but there were
10TRI`s on the 9th, so I`m guessing a fair chunk,
what you`ve got to figure is, the guy that took a
wedge @14 is probably not a mug, would he have
done that without being assured the CLN`s weren`t
going to be dumpted on the market, I don`t think so.
I bought a few @14 last week, time will tell if I`m right!
Bucket load of CLN`S converted last week,
few days left to convert the rest, last week`s
conversion didn`t really affect the price that
much, Im guessing a fair few are already spoken
for, we`ll soon find out!
Not long till the rest of the CLN`s have to
be converted, get that out the way, then
a decent trading update should see a big
improvement!
You can buy @14, sell small amount,say 5000
@14.01, don`t quite know what the MM`s are
up to?
Friday was a step in the right direction,
picked up 50k@14 just before the bell,
see what transpires!
Quite a few CLN`s being converted, hasn`t seen
to have affected the price, maybe time to dip toe in!
Coming down to trading range,
anywhere around the 10mark,
I should think I`m not the only
one waiting!
No point speculating about the share price
at the moment, focus on what we know,
the cln`s will be converted, the question is,
how will it affect the price, it`s a very illiquid
share, so any selling or buying moves the price
quickly, plus with little volume comes large
spread. Personally I`m waiting to nearer the
21st to see what transpires.
Markkent, when you see a share fall 15% in an
afternoon you`re first reaction is "whats up"
but never underestimate the role the market
maker plays, if he has a favoured client who
wants to buy under market price, he will drop
the price to accommodate, gathering shares
on the way down, nothing is black and white
in the markets!
Sharebel, it`s been pretty blatant, NTto buy on
any decent size, they certainly know what their doing,
should steady next week.
Timmy, nothing is a certainty in the markets!
It`s all down to trusting TA, I don`t use
it for predicting where a share goes, but
for an entry point, after a rally, a share
usually retraces, using Fib gives you a
indication where it`s going!
Good entry point, 50%retrace completed,
just bought at 14, might go lower, but happy
with that price!