Then i broke a golden rule and bought back in again above my trgt price!
Anyway point being it has been selling off for months rather than rising. So sell on news makes no sense. All of that aside, the licence approval has derisked this hugely. It should be rising into the JV/takeout/funding news now. That should be taking it to 0.6/0.7p over the next few weeks. Maybe some weak/fatigued hands selling now, they will clear and this will rise towards that kind of level, then that news will land, it will spike and ppl will then be rationally selling on the news. Then rinse and repeat to production all the time re-setting higher lows and forming a higher base.
Not if i trade in and out! But yes we are all well up. I actually sold out mid 0.4s, but then greedily bought back in low 0.4s/high 0.3s. Also my (and most other PI’s) holdings show up under the nominee account with my brokers, don’t have to report separately. Eg hargreaves landsowne don’t own 22.55% of the company, but their clients do between them…
This will settle around 0.7/0.8p over the next week or so. When off-take/funding announcement arrives it will go over 1p. I don’t think it will take that long. The licence sign off was the last piece of the puzzle. There should be a frenzy for off-take/JV/funding now that final box has been ticked.
Nice update.