They will now take a 1.5m sell at 0.21p when they offered me 1.5m shares to buy at the same price first thing this morning.
Yet volume on ISDX and here, whilst a bit better, is not huge, so what's pushing the bid up? Maybe they didn't get the shares they needed on the shake? Also the large sell on Friday, wasn't that large was it?
Got a Quote and Deal price at opening ask up to 1.5 million ( not 2 million) which suggests mms cautious and the large sell last Friday has now been cleared; next week or two could be interesting and would expect a "spike" back up towards 0.29 p but whether its sustainable or not is another unknown(most likely will depend on those who subscribed to most recent placing).Volume may well pick up significantly soon
Indeed - but this is AIM and we don't know the actual "price" now until the price is tested with buying. In that the MM and others could be short right now in the market, meaning there are more shares in circulation that there should be. MM don't have to declare short positions with the FCA and other overseas investors are rumoured to flout disclosure rules so we just don't know.
We don't know whether they are or not, but it's not until the price is tested with buying that it will become apparent.
What I expect to happen is a bit of jockeying this week, I think 2.085p was a sell, it's still mid price (0.21p) to sell up to a 1.5 million shares right now and the MM have spread it right out to deter any more buying.
Potentially they want to be on the fence, or at least not too short, on results day, so they can make money either way, good or bad results. Gather this from the low-volume pullback and shake that came first. They possibly now will raise the price a bit to try and encourage some selling, to get square, but might pull it right back again depending how many they need and how many they get.
No idea how it's going to play out, just see the possibilities base on the movement to date and likely scenarios.
sp is around 20% off high of last few months and appears to be tracking market leaders in Silver...investors here should take into account that EPL Minerals are unlikely to cut a deal with SRES until 2017 and that patience therefore will be required.IF a deal happens then it would seem reasonable to assume that funds will be raised by subscription to further Warrants which may see sp move into 0.30 p range.
We'll it's impossible to tell where they'll take it, but the fact they're shaking atm means they're probably not flush with shares. Probably want to get square on the fence prior to results so they make money either way - could well take it up in advance to square the books, who knows...
I've developed a bit of a system over the years, I have enough shares here buy I'll take more if it drops 20% below my last top-up .235 or below my average (0.19). Not going to bet the farm on Bay State though, intersects were a bit narrow for my liking in last 3 holes but hope PC has luck chasing down those veins to something fatter!
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