Funding news on Ceres getting nearer. Stock added to Conviction Buy list today

This magazine has covered Ceres Power – one of the true potential 10 bagger stocks that exist today in the previous edition of our magazine. Link here (page 16 ) – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v6_generic and in previous blog posts (check tabs to right under Ceres Power)

The volume sotry below is continuing to have our antaenna’s ‘twitching’ – it looks like the incessant seller of recent months is being met with buying demand and in fact, some 3% of the Company’s float has turned over in the last 10 days – the stock has not historically displayed persistent big volume with the shares being relatively tightly held.

I again think that the re-funding story is the culprit behind the volume and that likely the majority of the institutions and British Gas are proving receptive to David Pummells future roadmap. It is not inconceivable that a capital raising occures at a price higher than the current crazy low valuation IF the current shareholders back it predominantly.

We add the stock to our Conviction Buy list today at 5.2p