looks like we will see any price action only after the listing of the new shares from the placing tomorrow...
from the beginning of the week buys oupaced sells by net 39.4m shs... 2 weeks in the raw
Since Monday, more than 58.6m shs have been sold by the MMs or a net excess of 34.6m BUYs from the Investors. If the RNS is out this week and very good, the MMs will chase the shares for sure prompting then a massive jump in the sp as I don’t see them having enough shs in their book.
massive buys over sells...investors are preparing for the next release!
next week we will see likely a buy pressure on the stock before the release of the result of the drilling
:dynamic strategy : sell @1.12 and buy back @1.08
Beauford have reiterated the 'speculative buy' twice in 3 days
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