4 mm's on 1.8p all 50000 nms |
Struggling to buy just £3k's worth currently, looks like a fill of kill order then ! |
Just 100,000 shares left at 1.79p and then it moves up again.
Chart still looks good for 2.4p+ |
150k max buy at 1.799p online
Bid is 1.571p
So clearly no overhang (atm) in Groc it's purely down to mm v pi's now hence the very wide spread to put off buyers and get stock back for a profit |
It does look like folks are taking a position in Greenroc, I noticed a broker note produced 18 months ago with a target price of 37p.
There were circa 150m shares in issue then now there are 195m
The note can be read on X link below. |
What overhang.
It moves on a small amount of trades in any direction.
If there was a overhang it would not be 1.799p to buy online on a monitor spread of 1.5-1.8p
The fact the spread is so wide suggests it's the opposite no stock so mm try and kill the action to get people to give up and sell.
If there was a overhang the mm's would have the spread 0.1p |
The range of upcoming news events here should permanently re-rate the valuation of GROC from the current £3m.
Those who have followed this company know what they are, outsiders need to do their research.
Near term price targets are one thing however the real value will be multiples of those.
You have to buy into these companies when it is quiet, the free float is minuscule making it exceptionally hard to get a decent slice of stock. |
Just 100k of shares left at 1.8p, buyers still nibbling, has fallen from circa 4.5p this time last year. |
Where is there any references to 2.4 on any book?
Quotes pulled, were not talking the same language I feel, what quotes were pulled where's the link to this proof? |
Online quotes pulled again, very little chart resistance to 2.4p as well. |
Unbelievable these market makers, they have taken this down from 5p on low volumes and now have closed off online buying.
Nothing can be bought at offer price currently, IG are asking 2p for just £1,500 worth.
Good luck if you can get any sub 2p therefore.
DYOR etc. |
Just £5k worth at 1.7p, one market maker now on 1.9p for size. |
That 2.4p on the chart looks easily attainable short term.
Nothing online now. |
This trading around 5p nine months ago, there has not been much dilution since either.
If they get that mining licence it will surpass 5p and more !! |
Just £2000 worth left at 1.6p, one market maker sits on 1.8p.
A well known chartist had a month end target of 2.75p evaluated yesterday. |
Yesterdays update was a material one, there is no BS about this outfit, it is well managed with BOD renumeration at the very low end of the AIM spectrum.
If they did not believe the Mining Licence (a significant value event) would not be awarded 'within months' then they would not say so.
I believe they may have already been given the nod given the numerous meetings they have already had with the authorities.
The company is materially undervalued by multiples, it is also very much under the radar, those buying in now should be very handsomely rewarded. |
This does look one of the better mining tiddlers on AIM, there appears to be a number of value appreciative catalysts ahead.
Dam hard to get your hands on the shares however, typical of the market, reluctant to sell buyers shares at unrealistic low levels, in a bull market this stock would probably be in high double digits given progress.
Good luck if trying to secure some stock, it is tough. |
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