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Sankeys Back to your earlier post today on buying easily at 34p. I've been testing the buys in the last 1/2 hour and seen something I haven't seen before in my 6 months of using RSP on L2. Invariably what you see on RSP is what you get quoted when you make a buy or sell. Not today. This is even more devious behanviour from the MM's imho. Just now the offer is 34.7p. On RSP the most you can buy is 2,500 shares from Winterfloods. However, I have just bought almost 15k shares at 34.7p. I suspect strongly that these are Peel Hunt shares and that they are not quoting on the RSP platform. What this says to me is that they still likely have more shares to sell but want to give the impression to the market that shares are sparse, leading to upward sp pressure allowing them to offload more of their shares (and make atheir commission). I coud be wrong and sometimes am - just my theory but obviously deceptive behaviour and completely confirms your coments on shares being easy to buy earlier - I never had any doubt but at least I now know why I didn't see what you were seeing.
how strange, live quote for £4k 34p buy. 34p sell?
Fair enough, i suppose an ii can sell at the ask, although I would expect to see more AT trades if that was the case.
Sankeys I am no expert on L2 but report exactly what I see on RSP which is a real-time quote service for MM's amongst other things. It is possible to buy at 34p if that is the stated offer price but only to EMS max without a phone call to your broker. I don't track RSP every minute of the day as I have a day job but from what I saw the overwhelming majority of trades at the offer price were sells not buys. It may be that the MM's were flitting around with bid/offer prices to mislead (would they do such a thing?) but I stand by my view that today has seen mostly selling at the offer price.
I’ve bought this morning at 34p, easy to buy, I did some dummy buys earlier and got quoted straight away. If your going to be a L2 expert at least give a true picture. I’m guessing we will see a delayed sell of 500k or more. If LO wanted fully out I think they could be gone by now, I suppose PIs getting in for the drill will wait a week or so or wait for the SP to breakout.
fun fat finger trade at 9:21
@Zeusfurla - thanks for your insightful interpretation of L2, RSP. For those without the facility to see for themselves, or the experience to correctly interpret, but for you, the "knowledgeable" oh so helpful voices continually de-ramping with their somewhat increasingly unbelievable narrative would be all that is heard here.
Ophidian
Some to buy now at 34.6.
Current market pricing is 34p to sell, 37.4p to buy - the MM's don't want to sell to you, just offload their seller shares so they can get their cut. Unregulated and corrupt as usual for AIM.
BWM I see yout contiued de-ramping of this share continues. Fortunately most on this board now know to ignore your posts. At present thereis no evidence of further selling by LO, although it is clear that the Market Makers have sell orders on their books - it could be from elsewhere. I've followed today's trading and really the MM's have excelled themselves again. At 33.8, 33.9 and 34 on the offer, it has not been possible to buy. However it has been possible to sell at these prices. Quite a few sells have gone through (which look like buys) which have then allowed the MM's to offload chunks of shares from their sellers and lift the bid price. Certainly not transparent behaviour but it shows that the MM's can't afford for the sp to drop too far just now. It is in a range that the seller requires to sell at. Buyers are hanging back as they know there are sell orders on the go. However, if we think medium term ie 2-3 weeks down the line - the A2 result makes all this short-term stuff irrelevant. A successful drill result (highly likely) is positive for the sp. Now is a good time to stock the cupboard with i3E shares imho.
Lo still dumping. 300K dumped already this morning
Boom
Sorry if I have misunderstood your post, but there were 3 RNSs on the 8th November including the spudding of the A2 well last week, now drilling ahead.
It does not seem to be on LSE tab, but was as follows:
"Liberator A2 spud
After plugging and abandoning the Serenity 13/23c-10 well as planned, the Borgland Dolphin semi-submersible rig was mobilised to Liberator's A2 location, and the A2 well has now been spud. The Company will provide A2 drilling results to the market when the well has reached total depth and acquired data has been evaluated. The results of the A2 well will allow the location and trajectory of the future LP-02 production well to be optimized and will be plugged and abandoned as planned."
These are relatively quick drills and the first one only took 19 days, so we could be only a couple of weeks from the results.
Just buy some shares Backwoodsman lol
I tend to agree with you BBN with the 4th drill hypothesis. I sold out after Serenity success but looking to get back in now that it's stabilising at 34p and because LO are nearly done. A2 is a lot lower risk and to my untrained eye it looks only upward from here if A2 confirms the model is correct so a good risk reward.
Hi BWM,
How many do you think LO have left? Of course there are always other sells, but it looks like they have shifted at least 400k today. It has to be near surely?
More likely the 84 lol
Maybe that was his little buy just gone through!
If he hasn't bought shares by now after all the questions he's asked and answers he's been given, then I3e is maybe not for him. No share is without risk.
ROFLMFAO
Have you taken the leap backwoodsman
I would rather they sold out now then we can rise before results.