Given that you are a TA, could you comment on the volume in relation to ESG?
From a TA layman's perspective, there has been a significant drop in price since the start of November, however it has been on small and declining volumes.
So, far from any large holder rushing from the door, the shorters have been shaking the weak hands out of their tree. The shorters appear to have taken the opportunity to short, given that the threat of a reserves upgrade this year has been removed by ESG (due to Tintsfield delays).
Perhaps an interesting exercise, since a number of posters seem to be very interested in the VWAP (presumably because they see a bid coming in relation to that VWAP), is to keep a track on here of that figure.
Perhaps db76 might like to be the HC 'VWAP Monitor', and keep us abreast of what it is, and what +40% of the VWAP is. There's a good lad!
Yaq
ESG Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
