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This is where i got my info from - like i said i just googled, so i've no idea if this is the relevant piece of info or not - so as not to mislead anyone here is the link to where that info came from https://www.londonstockexchange.com/companies-and-advisors/aim/publications/rules-regulations/aim-rules-for-companies.pdf
This is the bottom line:
General disclosure of price sensitive information
11. An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities.
- I couldn't find anything on the London Stock Exchange site that would cover not releasing some drill results just because the complete campaign wasn't in - I'll happily be proved wrong (did get a bit bored and started skimming!!).
Jodav that sounds promising to me
Just did a bit of googling...
Rule 11 of AIM...
(e) Unless disclosure is required under Article 17 of MAR, an AIM company may delay
notifying information under this rule if it is an impending development or a matter in
the course of negotiation provided such information is kept confidential. The AIM
company must ensure it has in place, in accordance with rule 31, effective procedures
and controls designed to ensure the confidentiality of such information to minimise the
risk of a leak.
According to the linked in update posted yesterday, the toral met sample arrived at Wardell Armstrong 'this week' - how long would it typically take to get results? and how long from having results would they be obliged to annouce any price sensitive information?
I am presuming we won't hear much before the end of the month at the earliest, would that be about right?
Buy at low levels whilst you can lads!! You saw what happened to SP at current JORC. Were waiting on an updated one. Currently sat on estimated £2-£3 Billion resource in ground. Mcap £5mil...
Ratio of 2:1 in favour of sell so hardly surprising to see the sp down
GLA
Fair enough mate, I still think buying will pick up this afternoon in expectation of some results next week - tends to move fast so may even finish blue (now I've jinxed it).
Bigma try being a vlth of Vodafone where I bought in at 250, there’s a headache for you. I would have loved to only be 13% down
Hehe, i can take the hit. I just get frustrated at MM's cheating people lol
Bigma if you wish you hadn't brought in I'd sell up and try and forget about it, you're going to be in a terrible state if it goes down any further.
????this is what happens when you invest. Part of the game
GLA
Down 13%, i wish I hadnt bought in
SP is now 0.0402 shtte share
I just tried to do a buy of that amount through my broker and it came up as a negotiated trade. So tried a 10 mil and could get them no problem at .0429
Ask is currently 0.044p so c£44k at current price.
You may need to buy it in chunks as unlikely there is that much in free float.
Also, the larger the purchase the wider the spread so they may push price up a bit.
Could anyone answer this I'm not going to as not got that sort of money,but is I brought 100 milllion shares right now what would the price be.
All quite on Western front at mo, will we see a sea of red or blue this afternoon......who knows ... Roll on news flow get this kick started once again ..gla
@Gipps . I think so too.
Someone mentioned about brokers partially completing large sell orders at a certain price wouldn't shake the price up too much.
The gradual exchange of shares from large holders to small holders (@ say .045p ish) would just be incorporated into the day to day s.p.....that is my logic anyway.
Gla
@ piccasso . They could Just eliminae the possibility of getting stung if core samples and mineral extraction process test results don't look good as expected.
It's just a bored p.i theory of course.
If I had a warrant to buy millions of shares at 30% of current market value and could offload my current holding to cover total costs I would.
Obviously the warrants are 'conditional , but big money investors always weigh the 'conditions in their favour.......possibly.
Gla
I see where you are coming from but if they bought at the bottom, I would presume that they understood the situation and believed in the upside (otherwise it would just be a reckless blind gamble) In which case, why sell 100m shares now when the potential upside is significant?
The SP started dropping about 12 trading days ago and has now dropped about 40% from the high of about .072..... I would be interested to know what the buys v sells have been over this period. At a guess I would say there have been more buys than sells over this period but happy to be corrected.
Complete manipulation.
I maybe misreading myself .
LSE RULES:DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK incorporated issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within;
It's the non- u.k incorporated issued I'm not sure about?.
What are EUZ shares classified as?.
I apologise for my ignorance if it is obvious.
:-) .
Gla
Like you say just a theory, I doubt its correct, I don't have a better one.
Meanwhile shall see about a top-up at these unexpected prices.
Yes oiltap, what rules are Euz bound to?.
the initial uk Tr1 notification threshold is 3%.
As I mentioned earlier on in the week, depending on the the country depends in the increments of notification.
1% or 3% increments do not always apply.
It jumps to 5% for non UK regulated company's.
5% is a pretty big scope.
Gla