If I am correct(could be wrong so welcome education) the CLN issue should be sorted this week, do we hear before the end of trading on the 15th or a sneaky little RNS after end of business on the 15th regarding the Bizzel CLN?? Could it be this holding the sp at 2.50.
I could be completely wrong here(often am). If the ii were in for a short term ride to get there small % profit, would 2.15-2.20 be the perfect range to get out. Again, I could be missing something here!!!
Lth I believe will be in until the end, others may take their initial investment if money made back and leave Profit on the table in the hope of a find or a major coming in. This is of course in my very simple minded opinion.
I'm not as eloquent as Chesh, but I will give it a go. As they were bought by institutional buyers whom tend to buy them and flip them for a small profit 5-10% this tends to keep the share price in a holding pattern until the shares are burnt through(happy to corrected by anyone as this is my understanding)
After multiple posters where harping on about an RNS arriving this morning I thought I would check in early, as expected nothing here and more confirmation that these numpties have less insight into the market than my 2 year old kid.
RE: Stena JV decision soon? A short ‘epistle’ on the possibilities7 Oct 2020 18:23
Anyone who posts 33 messages in one day has a few issues, jog on numpty you are quite simply boring now, snd will make sure this filter works this time.