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MMs have pushed this down to 14.58p - just under yesterday's close.
Will that bit of red scare people into selling prematurely and too low? The MMs hope so!
Can actually see that there's been 350k of sells in the past hour, all in round numbers, that look like Golden Summit.
The fact they were in 100k or 150k chunks is much less than the 500/750k chunks we've seen previously from them - which again indicates that they're running really low on shares to offload.
Here we go again with a tree shake from 15.5p to 14.75p. Don't fool for the manipulation. This is going north.
It's either a tree shake or one last hurrah from Golden Summit with their final million or so of shares, in addition to the 10m+ they've already sold this week! Otherwise, like prior days, it's mostly all buys!
Just seen that the MMs are having another tree shake.
As I said on Monday at 12p ish, it's important to view this for what it is: A very positive sign that the MMs want your shares because they know the share price is due to increase much more.
So far been proven right there, and I believe the tree shake to 14p earlier will be the same thing once again.
Don't mug yourself off by selling. Instead hold or take advantage of the dip.
GLA : )
Here we go - ANOTHER tree shake
8-9 times more buys than sells, and yet the MMs have the cheek to lower the share price to try scare a few weak hands into selling. Have a laugh!
With the exception of Golden Summit, there has been almost entirely buys these past few trading sessions, even yesterday when 21m shares were traded (incl some large GS sells!), so it's clear that this will continue to rise by the end of today and beyond.
With GS round the corner, with the Eskom tender coming to a close later this week, you'd be silly to sell at this level.
Bought Value £112.92k Vs . Sold Value £13.36k
DYOR & GLA
Bump - take this morning tree shake as a good sign !
Buying pressure is just but too much, should be over 13p shortly
Yes thank-you jog that has been pointed out already but I did add a rider - if my maths is correct !
@Libero - never mind the Main and Desert. Call me when it’s time for Port and Cigars in the study followed by some slap and tickle upstairs in the master bedroom with Mrs Axe.
Not live
12.7b
12.425s
We know GS had 35m shares on 11/09/20
If we assume they have sold an average of 1m shares per trading since then, they will sell their very final shares on 29th October.
However it's clear that they've sold more than 1m shares today so maybe it'll be early next week instead.
So I would say that we're about 5-7 trading days away from GS disappearing forever from the Bushveld story.
The real re-rate could therefore begin next week. i.e. this is merely the bread on the table, before the starter, the main course, and the dessert!
Lighteningspike, you need to check your maths. Out by a factor of 10.
Even so, it cannot be too much longer now.
Let's hope u are correct Libero
Quite right there’s enough shenanigans without that
Add a zero! Lets not have dodgy numbers being shared.
maybe, interesting it happened just after the auction, or even during the extension period after the auction?
2.98% is about 3.5 million shares if my calculations are correct so yes they must have got through that by now
GS running on fumes now, they'll be out very shortly.
The 2 x 1.8M trades at low but slightly different prices look very much like a rollover made to look like sells. AMIHO.
Been a few dodgy looking paired trades today.
Certainly looks like 14/15p is on the cards again. Will it hold above this level or is it going to be stuck in the 6 month box range of 10/11 - 14/15 area?
Fingers crossed this time it finally breaks - Golden Summit still had 2.98% holding on 11th Sept at last report so 6 weeks later it is feasible they are now gone.
**** ok that's not a tree shake then, that was a genuine response to some big sells.
The last of Golden Summit perhaps? They must be out of shares by now!
If this is GS the surely can’t have many shares left to sell especially if they could well have transferred some of their holding
crikey two 1.8 million trades just went through at 12p. Maybe I was right after all?
A couple of massive sells just gone through