Mustang Energy Share Discussion Threads

[jonny_wright] 05/2/2021 09:53

31 on the ask for me

[aimbagger] 05/2/2021 09:40

30p on the ask ?

[aimbagger] 05/2/2021 09:31

Here we go... bid up, NT to buy still.

[aimbagger] 05/2/2021 09:00

Only a matter of time. 1000 max online at 25.75, NT for anything more. Will be a blue day today!

[jonny_wright] 05/2/2021 08:42

Surprised these buys haven't raised the sp

[aimbagger] 05/2/2021 08:32

Good early volume. See if we can have another run at 30p before the week is out.

[letmepass] 05/2/2021 04:04

Nice slow buys coming in :?

[jonny_wright] 04/2/2021 14:49

Lowest volume today of recent times! Let's hope it picks up soon

[mister md] 04/2/2021 10:31

There is also very little volume being traded, and no news since the price was 12p. So at 24p currently its a matter of waiting for any developments imho (and perhaps trading any surges in volume).

[aimbagger] 04/2/2021 10:13

There is very little on the ask, just 10k before premiums wanted. MM's want 27.925p for 11k! Will move fast shortly IMO.

[aimbagger] 04/2/2021 09:29

Real spread is 23.125 - 25.699

[aimbagger] 04/2/2021 09:25

It is rather wide, the mm's are very defensive because of the very low free float, they don't want to be caught with their pants down.

[richardjohn10] 04/2/2021 09:23

Spreads ridiculous

[aimbagger] 04/2/2021 09:05

On the move again, back to 30p+ soon

[aimbagger] 04/2/2021 07:53

Sub £2M cap... most Shells/SPAC's now capped higher in anticipation of a deal. Mustang's free float is minuscule at just 9%, MM's have gone defensive with the spread as a result although you can trade within. When volume arrives it's going to moon again!

[jonny_wright] 03/2/2021 11:11

Spread is insane!

[euclid5] 03/2/2021 10:36

Doubt the BoD can justify taking a salary from this as it's non revenue generating & a SPAC. They will hopefully do a good business deal & a RTO, then get the price up - before looking at taking any salary.

[aimbagger] 03/2/2021 10:30

MM's gone very defensive on the spread the last few days but buys still popping up, wanting 25.8p now. They know they're going to be up the creek without a paddle if volume arrives!

[aimbagger] 03/2/2021 07:55

Yea of course they'll need to raise funds for any acquisition or RTO however the companies largest shareholders is the MD, Dean who wants to ensure any dilution is kept to a minimum, remember the BoD have not been taking any remuneration. They have a highly supportive cornerstone investor who has shown willing to stump up cash if required. I'm very confident the BoD will be able to structure a deal whereby is hugely beneficial to all shareholders.

[euclid5] 02/2/2021 18:43

If they are targeting a £50m co, they will have to pay for that, don't forget that.

Nice small shs in issue plus very low free float

Other than this NED, the rest are more O&G directors and experience

appointment of Ms Jacqueline Yee as a non-executive director

[aimbagger] 02/2/2021 16:18

?Clean shell/SPAC?£2M Mcap?c£350k Cash (low burn)?Directors hold 29.2%?Cornerstone Investor?No remuneration to directors until deal done?Target asset or co >£50M!?Jacqueline Yee added to BoD #fintech?New TR1 & Sig s/h's hold 91% of sii!

[aimbagger] 02/2/2021 15:06

Few taking profits along the way and that's fair enough, who can blame them, 200% up from lows, as time goes on though and more people decided to buy with a longer term view the free float will become even tighter, it's already tiny. £2M Mcap when most other shells/SPAC's are capped far higher after the recent interest.

[begorrah88] 02/2/2021 14:32

Almost exactly the same play as yesterday.Initial fall, turns around and pushes up until midday then stops dead - sits for a while at 24/26p bid then silly little 4 or 5 share trades get pushed through the book and the bid gets taken down.If it continues to follow yesterday's template we will end about 20p on the bid after many single/double figure trades with the occasional larger sells cancelling out earlier buys at exactly the same shaped trade.Still no news on who has been selling as 3 or 4 times the supposed free float has been traded in last 3 days

[aimbagger] 02/2/2021 12:37

Not many sells coming through, if buying resumes the afternoon could get very interesting!

[aimbagger] 02/2/2021 10:49

NT! About to moon