Yes with an illiquid share you will get punished if you try and sell a large block. Someone must have been very desperate to sell at a level half what is was little over a month ago and well below bid - for it not to have crashed the price is also unusual. Maybe there is someone hoovering up shares. Tiptop whilst you are confident of the money in the bank I would caution - have they resolved the legal dispute with the driller yet? They had chosen not to provision for that in the accounts last time I looked. The reason I am suspicious is that on the way down just before bad news "insiders" were clearly able to exit before it was known to the wider market as the price moved sharply in advance of news. That is a big sell and volume on Toronto was up as well. Be very careful with Antrim.
9 Feb '15
Super smashing great.
9 Feb '15
RE: Very Unusual late trade
We have a current MC of £3.5m and £10m in the bank. Any bad news should not have any effect on the SP, or very little. This could of been a desperate seller as that was a big trade to move on a company with very few shares in issue. The small number of shares works for us when the SP is moving upwards as it creates a supply/demand bottleneck, however it makes it difficult to sell any quantity in a bear market.
9 Feb '15
Very Unusual late trade
Tiptop or anyone like to comment on that very large late reported trade on LSE? 1.30 lowest I have ever seen (but no move in bid/offer to match?). Tends to point to a sell - maybe worked over a few days/weeks given volume. Volume on Toronto also high today with Dundee security selling - but buyers must be picking up stock overall down 12% which is not unusual these days. Strange as ENEG up 10% on lowish volume which would not point to Fyne news. TipTOP you are posting on Europa board today where they have had news - but not that I can see on Ireland assests.
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