Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Too many mysteries still. From yesterday looks like "the seller" assumed to be GS is still prepared to sell at 10.60.
I've been buying some again in the dips below 11p, but keeping some spare cash in case it does go lower.
Any sensible big investor would be trying to get hold of GS and offer them 10.8p for all of their remaining shares. Then it would be done, and the new owners (and everyone else) could watch the SP shoot up almost immediately.
No expert, but presumably based on the one uncrossing trade (?SETS auction - small number of shares, so the value marked as paid is not really representative of the market sentiment):
25-Sep-20 08:05:34 6.48 15,000 Buy* 6.02 6.48 972.00 UT
08:05 Seems a strange time to report though.
Agree with Uksteveg. Most likely from available evidence is a disgruntled seller, but is selling in an orderly manner. Unlikely they gave BMN any other direct options. Lack of online info on GS suggests an active policy of secrecy. If you can contact them and get a reply, it will be very interesting (but unlikely I think)
Minimum for selling currently and previously 11p. My guess is 10.75-12.75 range for weeks to come. Duferco week further suppression possible, but does seem unlikely.
Looks like a quite a few shares going down today across the market. Doesn’t look specific to AMGO. Perhaps a good time to buy if you’re not already over-extended. Fortunately I have some SYME which is one of the few ahead today.
Hardly anything visible abut this company online. I note BMN LSE discussions in 2018. Appears to be under Thomas Chan Ho Lam former Goldman Sachs banker who served the late Nina Wang, who was Asia's richest woman. Mixture of propery/investment interests. Same name also appears in the Panama papers associated with Splendid Victory Group Ltd of Singapore. Also an article available from 2010 about a purchase of a £10M dollar bungalow in Singapore.
From what I can see, this may well be chicken-feed to Golden Summit. Perhaps that would make it less likely of some kind of conspiracy. The question about the AGM voting is interesting, which does suggest some kind of disagreement. I'm not assuming it is all as simple as a distressed seller. It is a shame (to say the least) that a mechanism could not be found to deal with this without months of selling on the market.
Anyway, I have taken the exit for the timebeing due to this event. I will take a look back at/around Duferco part 1 business. If it has gone up to 20p+ by then, then I will have missed out. GL.
Some 'tactics' being used - gradually reducing sp during the day, making it look like buys were sells, then reporting these big buys after closing. Should have closed higher looking at it even objectively. Roll on news.
Massive sell over days will likely be "best price" i.e. low.
A massive panic-sell / someone believing the share price will go to £0 and preferring to take £0.735M while they can?
Just demonstrates that though gains can be made, this share is at the upper end of risk level.
Yes. Good that they show faith. Just need a little patience on this one imho.