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Alfa, if you check the LSE site (the real one that is) it's showing that the 250k trade which was cancelled was actually a 500k transaction which went throught at the same time at 12.63p.
another 250K reversed trade for you at 8:32 this morning, pondering
OK.. sorry...me being paranoid then....!
Not You DaisyD
Libero,
whilst it would be nice to feel that the market would respond to the obvious news that after much foot dragging Eskom have at last come through with their BESS tenders and that BMN is clearly head of the queue in responding to these I think that it is more likely that the MMs will fear much more the strong possibility of a JSE listing later this year. This will release a pent-up wave of buying from South African investors who have previously been unable to or hampered in their ability to buy shares but who understand better than anyone the importance of mining and energystorage and would jump at the chance to buy into a South-African business that will be helping to fix Eskom's broken grid as well as building a multi-billion dollar business that sells energy storage across the entire world.
if you're on twitter could you contact me @bmnperspective
Alfacomp,
That's a very good point actually and, as you say, if the MMs were using naked shorts to constrain the SP in the hope of a placement of shares to pay for the Enerox deal, then yes Fortune & Co has once again played an absolute blinder here by outwitting them!
The MMs must now be feeling very anxious.
As you said yesterday, the company will never announce that they've bidded for a tender (wishful thinking on my part due to my sheer impatience!), so the MMs probably have at least a few weeks before they need to close out their positions but yeah they must be feeling v anxious with all this Eskom news.
... and the SP will rise even more incredibly as a result when the news eventually lands!
Honestly think we're in for a truly incredible share price rise over the next 12 months!
I've not had a reply as yet to my email regarding concerns over the large reversed trades. I keep an open mind whether there is/has been a single seller who intentionally turns up the sells when the price begins to rise, or direct MM suppressive actions, or a combination of both. We know it's not PIs. I would like to think it has stopped, though won't be convinced until the SP goes back up to 14p without big counter-trades reappearing. I did buy some more yesterday at what I consider to be a very fair price from the MMs.
Libero - given the fact that we have been told that the reduction in Golden Summit holding is not a sell but rather a transfer to a different account under the same beneficial owner and the fact that these 'sells' suddenly appear at times designed to knock back positive buying momentum, we have to consider the possibility that they are not genuine sells but Market Maker naked short positions - i.e. IOMe's printed purely to try and keep the SP constrained.
This would also tie in with John Meyer's observation that the Market Makers were perhaps hoping that the Enerox deal would need to be finalised with some sort of placing that they could snap up at a discount. Well Fortune has well and truly outflanked that idea, and now we see Eskom tenders being printed and BMN's VRFB partner companies no doubt chomping at the bit.
Know where you're coming from, Daisydog, it is very unfair, but I truly believe that this current share price is largely the result of 1 big seller keeping us roughly at this level, and that seller will eventually run out of shares to sell, and soon enough there'll be transformational news that'll send the sp flying - the signs are already there!
If aimed at me you're becoming a bit paranoid BG. But i confess to being very miserable at the moment seeing us as a very low cost producer go nowhere when companies selling the same commodity into the same market are flying.
There is one poster who I have wondered about for some time, very subtle constant negativity
Arthur1 = Doubter1 = No One.
It is always interesting who, after a few positive days and posts, decides to go back to their negative ways, e.g. Recent posts about BE and RNS' protocols.
I'd love to see the sort of business they could build / runnin the same time period.
We are entering the business end of the initial stage of building out BE. Obviously there is to be a coming together of various strands and being in a closed tender period I would expect BE news to be very restricted ATM and rightly so.
This is what the last few years have all been about.
I see we have Mr 1 post back again...... its as if they think they can just slide in thinking people will not notice even a newbie genuine investor would be daft not to see straight threw that.....tut tut must do better.....are my thoughts....