Wilson: there are videos on YouTube giving some insight how MM can play the market. See for example Martin Cole's series, starting with https://www.youtube.com/watch?v=PZY51A53iL4 Makes interesting viewing. The first "accumulation" phase requires the MM buying in a tranche of shares. One way to do this: mark down the bid price. This can trigger chart-based selling, even at implausibly low prices. Second: then trigger positive information flow, mark the offer price up, people want to buy, and the MM and institutional investors make their profits with their sell-off. Many other ploys. So, no, the SP does not necessarily track the market forces. I happen to think there is long-term value in MARL, so I'm holding during the current wobbles. DYOR.
Yesterday 2 of my buy orders at the ask were met by instant raises in the ask and therefore not filled. It's clear mms are accumulating at these lower levels. An educated guess certainly suggests some good assays will come through next. It will start ticking up soon enough.
I see the tanking and hoovering as positive reinforcement of the view that this is a very good prospect. Why else would there appear to be an organised effort to reduce the price and allow the big boys in through the back door? It does feel like we are being shafted, but they must know something, and will want a profit soon enough
Thank you for the update, kalabaster. Indeed, those additional options were issued this year, after the period of the annual report. These 5.4 million new options for GP, for example, are exercisable between 3p, 5p, and 7p. Something to think about.
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