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Soul, the share price movement as from the 0.006/0.007 close last Friday to date just seems odd. I simply don’t have the experience or knowledge to explain it/comment on MAR so decided to e-mail the AIM Regulation team to see if they had a view. It could all be innocent but would be good to know for sure. Happy to share any reply I receive
Buys v sells 2v1 it’s a joke
To all that responded to my post, points read and digested! I'm just not massively surprised that we've dropped 8% in a day after the mega increases. Fingers crossed for an update tomorrow.
Very interesting soul trader a re rate would be good very good :)
It's very difficult to say without benig able to see the specific trade data, and the fact that AIM is mostly driven by private investors, so you don't have the luxury of seeing the Trader ID and attaching that to a pattern that could call out different MAR scenarios and the appropriate trader being taken to task. I believe there could be some form of insider trading, in that the market price is being dropped deliberately so that someone can mop up cheap shares ready for a significant price increase. Either that, or this is a complete anomally - but I don't have much confidence in that. Let's see if there's suddenly an RNS in the next few days that results in a re-rate or, indeed, a TR1 - that could be a steer as to what's been going on...
I'm just a bit sceptical about the timing of certain trades and s.p price fluctuations Shed.
I'm not knowledgeable enough to know the intricacies of how the exchanges work and therefore am a bit suspicious.
Not so long ago there was a run of sells early On in the day.
On the same day some quite big buys had an earlier time stamp........now I came to the conclusion (rightly or wrongly) that this could have influenced people to sell.....and some did.
There may be a valid and obviously legitimate explanation for this.
Gla
Thank you Oiltap.
Do you think there taking it down to allow big players to buy in at lower rates
It isn't the run of sells that is suspicious. My concern is the not-insignificant price-drop despite buys outstripping sells both today and yesterday. I used to work for a market abuse alert company, and it looks like classic market manipulation to me. I have seen plenty of dodgy-looking price movements on AIM over the years. If I appear to be over-cautious, I don't believe there's any harm in it.
Sorry I don't understand what is suspicious about that run of sells? People are rightfully nervous on AIM as the record of companies actually delivering a result on exploration projects is absolutely terrible. I do genuinely think this is different not just in terms of the potential value but that we are positioned for imminent disposal. Stakeholder consultation already initiated to be ready next month in time for the JORC update due end Q3 / early Q4. Could have been a slip of the tongue but Luis Perez referred to 023 as the 'final' drill, with the investigation holes have they got enough? Hopefully because we certainly haven't got much money left!!
Thanks OT so its kind of estimating the share price if the sale goes through?
I thought the same, which is why I've reported this to the FCA. If anyone else wants to do the same, send an email to market.abuse@fca.org.uk
Good point Jm.
Oiltap?
Can you explain for a newbie Oiltap?
I don't get how it always falls when sells go through yet barely rises at all even though the buys have massively outweighed the sales for the last couple of days? something not right with this
Reporting a run of reds is a classic.......
Eish this is too stressful....jse and lse is quiet.....
No chats, no trades........most unusual for this share and frankly, I'm missing my fix!
The 6M + buy at 0.058 was me. £3500 but was a fill or kill.
Depending on which MM does the deal the price is all over the place, someone paid 0.062 for 500,000 yet the next trade was 0.058 for 6M+
Jse back to 2c
Moving back atm.
2-1
57-61
4-2 Level 2 atm.
55-60
Certainly feels like he’s holding back but time will tell.
25 mill buy delayed @0.06