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A bad bit of timing by Majedie. Its annoying as they're suppressing the price. These funds always sell out at the wrong time, its not aex related at all.
Nellie beat you to it TA. If you're not HTGT are you the advance scout for the herd ?
Why would there be buyers? Maybe because the worlds longest farm out might finally be completed in the next week or so.....
Hard to believe after all these years its come down to this.....place your bets folks red or black.
There you go. Now 4.99%.
More churn needed from Majedie before we can see where our natural sp should be. Each 1% = 35m sells. With no buyers right now (why would there be?), would like to see us buoy well clear of 1p+ on natural trading. Outside of any other newsflow of course
Effective 30 June.
CrustyPete I`m not by the way, just been observing rather than saying too much as really busy on Footy things now, but what I will say is as they selling once a months thats out the way now and maybe the price may move up who knows :o) !!!
and as if by magic, holding RNS below 5% for Majedie
2,000,000 BUY? The other side of the SELL at 0.81p perhaps?
all buys at the moment including a 2m at 0.822
Yep, believe so.
Correct CP.
TR-1 due for each 1% till they are below 3% is it not TD?
Really needs another tr1 here to say they've gone below 3% and then i think it'll put a shift in to go higher. The farmout should rerate it regardless but Majedie are spoiling it a touch.
No prizes for who lol. Jan, Apr & May TR1.
2,000,000 Purchase? really?! It looks to me as if the real spread is currently 0.80 -0.85 in which case that 2m was more likely to be a sale.
That also accords with the idea that there is a seller in the market - which I believe there is. and NO Frank, before you say anything, not me......
Not likely to fall in love if thats what you mean, I can see the risk reward tipping in the companies favour now tho, I view the short long stop extension as a positive. Majedie is a bit of a spanner in the works but one i can probably live with.
Welcome TD. Are you HTGT ?
+44 (0)20 3198 8415
Knock yourself out ...
Anyone rung the company to see if they can push the broker to find a willing buyer to bid for Majedies stock? Might be a thought, instead of letting it drip onto market.
Thanks CP, inclined to position. Just squaring a few things off, be good to know of there intent but it is what it is.
2 mil. purchase at .81 just gone through - nice. Didn't move the price though. Maybe Maj. is in the background still.
Not seen anything since 14th May and no recent large sales.
Appear still to be selling, anyone got a view on this?
14th May down to 5.97%.