There will be a bounce but more than a director buy is needed to break out of that down channel.
After bounce, without transformational news, it will fall back and eithrr head sideways for quite a while or slip further until it reaches real value to flush out new buyers.
Heard some management talk and didn't fill me with a great deal of confidence.
This was around the time of the last funding round. Just afterwards. By Carefully Does It
Main holder is IP, or was.
They could probably lighten up at 25p and still be sitting on a big gain & help increase liquidity.
Most likely an RNS soon to help clarify but if the same seller they may not announce until finished so as not to give the game away.
You don't have to be too clever to see there could be further price weakness even if the business is worth considerably more until this is finished and then a possible recovery.
The entities taking shares at 50p will want their pound of flesh. By Carefully Does It
yep, is the seller the 20% holder, as i thougyht iwas hendersons in spet until i saw the RNS the other week, their main holder is that IP investment compnay isn,t it?.been wacthing MWG for last 5 weeks By spurslegend
It's done automatically, binary decision.
Someone wants out and Henderson might be hoovering up to help prevent complete breakdown and disorder and to take a bigger long term stake.
Messy. Some statement would be handy. Should at least see a couple of holding RNS's. By Carefully Does It
How is a Company that doesn't make any money an "excellent company?"
2007: -2.7m 2008: -4.1m 2009: -4.3m 2010: -4.5m 2011: -4.9m 2012: -5.6m
This is not a business, it's a hobby... for someone.
if you are interested in water for Fracking Halosource recently signed a deal to treat water from US wells. Tiny part of revenues though. the shares are somewhat cheaper than they were at the beginning of the week...