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So you are saying that if Btc rises it makes no difference to Mode but if Btc falls then Mode falls with it? If Btc recovers back to $60 then Mode will stagnate but if Btc then retraces to $55 then Mode will fall more. Not a great business model, soon Mode would be worthless.
Today is all about market sentiment, not Btc in particular.
Absolutely. All 8 of my shares are in the red today as are 95% of shares in my watch list and the share indexes all down across the board. Days like this make you wish you weren't invested in shares but the bounce will happen.
The great Pires deramper has spoken. Fear not because every BB has one or sometimes more. Am new to this share and was wondering who the obsessed deramper was here. Now i know!
Looking back through his volumous posting history on Pires i noticed in February he was spouting similar nonsense, albeit as if he knew what he was talking about, when the sp was 11p.
Equities don't always price in what is known. The Market anticipates future earnings, growth potential, sector sentiment etc. The forthcoming Pluto IPO should benefit Pires and eventually the Market will take this into consideration before the event as well as after.
All i am seeing on L2 is a sea of blue. Buy after buy but no tick up and no change in the sell price. Filling a large sell order maybe?
Checking the trades earlier this morning and it seems the 10k share seller has returned.
Looks like we will lose all the gains made earlier today. No wonder people sell into any decent gains.
They are not big sells but enough to drop the sp on low volume. Suspect it's just random pi's selling. Piohc1 for instance sold 25% of his holding at 58p. Could have sold a little later at 61p so looked a bad move at the time but pretty good now.
J4ams many thanks for your post which enlightened me.
Can see the sp dropping more tomorrow morning as investors read the placing RNS for the first time tonight. It will find a level under 120 IMHO but not all the way down to 110 before rebounding.
The Directors filling their pockets with discounted shares doesn't mean diddly squat as far as i am concerned. Nice earner for them! Why not place at least at 120?
Having bought shares doesn't that mean they can't release meaningful news for at least 3 months? Maybe that doesn't apply to Nasdaq?
Calm down old son.
I'm just trying to get my head around things here. Obviously you are happy with the placing discount and expect the sp to rise from here. Instead of jumping down my throat perhaps you would care to explain why that is the case?
Is it next weeks Nasdaq listing? It happens on the same day as the discounted shares are admitted so it will be interesting n'est ce pas?
That's some discount then, especially from the years high of 183p where it dropped from on rumours of the placing! Be very interesting to see how this plays out the next few weeks. Will the II's keep the shares or sell for a quick profit?
The RNS states the Directors will be buying in on March 25th and doesn't give a price so presumably whatever the sp is on that day which could be higher than 110 after the Nasdaq listing.
Never seen this before on AIM when a discounted placing is announced and lots of buys happen above the placing price. Strong share for sure.
But how far will it now drop? To the placing price of 110? Doesn't seem likely by the reaction to the 13:00 RNS but maybe people slow to see it and react?
Great RNS from GGP today further enhancing the Havieron prospect. Much excitement on their BB.
To think WSBN has a large area to drill and explore in the very same region at this Mcap!
Am expecting the sp to rise from here now as more and more investors join the dots.
Good post Bamps, it is ridiculous to compare the WSBN license area to Havieron but i for one would love it to get to £1 on the initial drill results. The MCAP would still be only a tenth of GGP's.
As it's in close proximity to Havieron then maybe more drilling could be funded by a JV with NCM and even GGP?
Yet in January when the sp was at 65p you wrote rather enthusiastically 'agree, all clear for take off now. HODL!!!!!!'
You must have been invested then for good reasons and now you are bitter because your investment is currently down. Maybe you have sold and wish for a lower re entry price. Who knows?
It's frustrating to be down at these levels but it's mainly because people are impatient and can't wait for Q2 when all the good news is expected. They sell and their shares are mopped up in large chunks by people in the know.
The team assembled at Mode look very impressive to me.