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Judging by the amount of auto trades, I wonder if some shorters with positions under 0.5% have used this RNS as their chance to close out.
Whilst getting ready for the next move up
There's a lot of butthurt on here this morning, and I have no sympathy for anybody that bought in here. And for the record my own average is 6p.
This is an exploration company, it's a very HIGH RISK gamble. When you strike the gold it's great, you can do what up to 20,000%? And guess what, if you hit dust you get minus 90%.
The company has been ran badly YES, but you have to factor in the funding they got would be based on a valuation of the business, and that valuation came in about $10m. So each £1k at 6p is worth £40, hey if they didn't get fundiung it would be worth £0.
Were people screwed over the last 2 weeks, buying in while the II's forward sold? Yes! Is it their fault for taking a gamble knowing a fundraise was coming? Yes absolutely! Anybody in their right mind buying recently was gambling like a lunatic, and if you gamble you have to be prepared to lose. It's not like there was any real evidence to suggest there would/could be a higher price for it. And as others have said 25p is not the bottom, expect 18p over the coming weeks.
The company is now rest, there's a new floor to buy in pre drill. If you're a gambler take a punt, but do so with the viewpoint if you're buying in to hold for results it's BOOM or BUST. You're gambling whatever you put in on what a 1 in 20 maybe 1 in 50 chance of a massive increase, but the other odds in most scenarios mean you lose most of your cash.
Take your butthurt to the bank.
Slipping under the radar this now.
Looks to me like somebody ius just cleaning up, little rises filling orders, easy pickings for them whilst alsoincreasing the value of their existing shareholding,
Hehe
It's so frustrating the sh@t people spout on here sometimes, jeesh I'm not even deramping.
I haven't seen enough TR1'spost the raise to account for the 19million in which case nobody has a scooby where the others are, and I bet many of them will be bvery pleased to get their money back and 10/20% after being in the red
Additionally do you have any evidnce to back up the statement:
'everybody that took it has held and increased'?
It only states on the placing where 9,000,000 of the shares went via JP:
Pursuant to, and on the terms of, the Placing:
· Aktieselskabet af 5.5.2010 have subscribed for 4,998,804 Placing Shares at the Placing Price, raising gross proceeds of approximately £20.9m; and
· Camelot Capital Partners have subscribed for 3,946,424 Placing Shares at the Placing Price, raising gross proceeds of approximately £16.5m.
There's still 10,000,000 of those shares that got taken via JP not accounted for in the RNS. Do you know where they went? If so please outline where and the evidence to support it.
Incorrect £4.8m was raised via retail investors on Primary Bid.
You really do need to check recent RNS' before making incorrect statements.
I can smell the warrants
A - The companies with shorts have differing strategies, as one closes out more potentially comes available to borrow allowing those with the viewpoint ASOS will need more funding to increase positions and suppress SP.
B - Lets not forget there was a huge placing at £4, many of those people that took it will have wanted a quick in and out, As the SP has been depressed below £4 for so long lots of them won't have been able to flip. So each time it goes above £4 some of them may sell.
However given the amount of auto trades I suspect it's mainly A
How much does the buyer/buyers want to invest?
What do they see as fair value?
Who is buying?
If there's still plenty in the kitty to buy, and they see fair value as much higher than this then we could be in for a good sustained period of re rating.
If when they're done the quality of buyer is better than the quality of seller, this could also give the SP a further boost. The real benefit I see is if it wasn't for the massive seller, there wouldn't be much available down here, so I'm not too concerned about any further downtrend unless there's bad news or somebody else decides to dump.
I'm guessing that's a seller matched to a buyer then x 2? It's prettys substantial.. Has to be major shareholders selling to one another?
Could have a £1.80 finish at this rate, given the good news about rates from across the poind I wonder if investors will look at this as a pivotal point in where the 'bottom' of the market is. I think a lot of people are sitting on cash piles waiting for the time to strike on shares they're interested in, and that's funds included.
The key difference is Ashley didn't sell a shed load of options in Boo? Why was that I wonder?
Well mainly because Boo is looking at definite longer recovery and there's far more shares available to buy at these prices, so he didn't need to.
If he hadn't sold the options in this to entice the foul play by those with the asbility to price manipulate to fill the the options, he wouldn;t have been able to acquire so many shares on the cheap.
Finally broken that £1.60 ceiling, hoping it's not just a temporary blip
There it is 96 share buy!!!!!
#TheLamborghinisareonme
Looks like a mexican stand off, buyer holding off and seller standing firm at £1.50.
Wish somebody would just file the TR1's and let the market know what's happening.
COME ON BIG DEBZ put your hand in your pocket!
YAAWWWWNN
Do we have lift off? #lamborghinis
Looks like the uyer has either had enough or is thinking, this guy is desperate if I stop buying, maybe I can pick these up lower.
Shame as it felt like we were going to break £1.60 but we need something to give the SP some impetus.
Come on Debbie, put your bloody hand in your pocket. Or lets get a sharebuyback going, even just a few million.
interesting, and eprhaps the buyer has always been there, realised the seller was desperate so let them drive it down within reason, and now they've reached a sort of median point.
given the amout of volume there will have to be some tr1s soon, i just hope debbie big *******s is buying.