So once the traded price creeps up over the mid price the trades will start to turn blue. That's not to say there aren't any buys going through, it's just those that are going through are going through below mid, so yes a sea of red.
Discussed many time before. The mm's trade at whatever price they deem appropriate, sometime a buy goes through below mid price. This data is fed through to the various websites that simply have a piece of code that states if trade below midprice colour red, if at mid colour black and above mid colour blue.
There's no magic or conspiracy, it's just the mm trade being express by computer code that follows three simple rules as stated.
I see according to trades record on here a sea of red since 15 th July , oddly every time one queries the accuracy of these records ,it's done by averaging by price indication !!! In a word BS. OTHER WISE WE WOULD HAVE A SMATTERING OF BLUE!!! Who has the power to make it appear everyone is selling ?? and why ,especially if it's true a fast majority at a loss !! Is some outfit getting in on the cheap
The Deputy Minister stressed the MEM's commitment to progress the project through its development phases,
The site visit was an integral part of the process of moving the project forward and the Company awaits receipt of detailed documentation from the Tanzanian authorities setting out the parameters for ultimate project development and power generation.
The successful finalisation of plans and processes will allow the groups we are in detailed discussions with, which are connected to EPC (Engineering, Procurement and Construction) and supply of equipment, to move forward on a more formal arrangement basis. All the groups we are in discussions with also have the capability to directly or indirectly invest in the development of the project.
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