Sentiment18 Jun 2018 13:37
Extremely negative atm. Alba shares traded are only a tiny fraction of those of Ukog, yet sentiment on both of these companies should have been positive atm, although some may argue Alba has a lot more going for it.
On 13/6, Alba asking price drops to give away price of 0.28 and below, we traded 50.5 million shares, Ukog on this date traded 34 million. On 14/6, the day of the OGA approval announcement ukog traded 341.7 million and Alba traded 112.4 million (all below 0.28p). On 15/6, last Friday, ukog trades a staggering 793.3 million whilst Alba trades a miserable 19.4 million shares (and again all below 0.28p). Today by 12:00, Ukog trades more that 100 million shares ... Alba 1.9 million shares.
Who is selling at below placing price of 0.3p? Not just selling, but selling in to what is game changing news – OGA approval.
Who is not holding back a bit, letting the SP rise, allow sentiment to change and sell in to a higher SP making more profit. It is a fact that a rising SP will attract more buyers. Why the sales at give away prices? What do they know? Where are these free shares coming from? Puzzling.