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Hey Fort, I reckon it may have been the other way round.
So, in ( say ) October 2023, the Fund makes an internal management decision to sell out by end of February.
Leaky. leaky.
'Friends and Associates' of the fund employees ( insiders ) plot to manipulate the price down during the subsequent ( say )
4 months, knowing that they can grab the shares at a depressed price, then if there was more positive sentiment.
Out come the knockers etc. and here we are.
Overhang sold at eventual price. Who knows if they have made a significant difference, but it really cost them nothing but a bit of their time, and they probably also had a laff and felt like Gordon Gekko.
If the price now recovers, and the knocking crew magically disappear, job done, and there's your explanation.
They may even appear on the BB, as if by magic, suddenly in love with the SOLG !!
It’s unlikely any one outfit got 41m, it’s not one block it’s just the way it’s reported
It consists of a discrete set of individual matches at a price that creates the greatest volume
There was some chunks of 2,3,4 and 5 million on bid and ask but the settlement was not one buyer and one seller
Anyone with DMA can take part in the auction
I bought 200k just after 1pm for 5.99 so I've done my bit 😉... let's hope the bottom is in and there's some decent news in the offering from PDAC next week as owning this share has been brutal since late last summer. ATB, C
65.5 million volume today...more than 2% traded!
TR1 incoming next week...MSCI now finished and out...
Who bought them...?
That would make sense... the 2 or 3 days that we had a strong SP performance was when the US markets were closed for holidays and over xmas period. It was pretty clear a while ago that the seller was US based. I did highlight this but couldn't be sure.
Whoever it was, they were out to cause damage. Make no doubt about that. So if the teachers fund involved, we know they were grumpy pre AGM.
The fact is, market participants of institutional level know the damage that can be done with heavy and careless selling. We saw the same by Berry Street a while back.
So in space of short period of time, we've had a decent 150m+ shares sold through in the market by sellers that couldn't give a toffie what price they went at.
Be interesting to know who took the 40m block. That's 1.3%. If doubt it was valuestone or the chinese as seems like they are barred from buying in open market while under NDA's.
Might be Norges. Whoever bagged the 40m block got a steal at low 6's. Insane absolutely insane!
If the mm's have take a few... welll... they'll be pricing it up tomorrow to drop them into new hands at a tidy profit.
Early June 2020 was a day over 60m
I’d say that was within the last five years, wouldn’t you?
DGR Global shares an interesting but risky play if this is the end of the selling.
Dbw, where did you see that?
Sweet if it is the California Teachers' Fund getting it good and hard, those Woke commie weirdoes.
Jeez it was reportedly a US fund rebalancing….. should be done now. We’ll probably know tomorrow
Anything to do with the Cornerstone shares ?
Don't bite my head off.
Well, someone's bought them.
Looks like reds wife sold out
Yahoo shows 93M
53.16 million volume...comfrtably the highest in 5 years and probably ever...
Tomorrow may be the start of better things now MSCI is gone...
Fort …. Indeed
41 million at 6.14...
holly bad****tt
if that's the main reason for the share slide.... we should be bouncing back hard.
that looks like the seller cleared at long last.
Someone happy to pay 6.65p to secure 4,250,000
Then flushed hopefully
Around 6.1p Walter
33m and counting
Certainly goi ng out with a bang...
Off gthe first 530 trdes of the day, 460 were Autobots thats 87%...
And total volume for the day already over 10 million shares traded...
Where will we close...? Up on the day...? 6.50 plus...?
You don’t understand at all, that’s why you keep on making the ridiculous assertion. A bottom is a level of support not the lowest value in a set of data
Honestly, give up and move on.
You’re wrong and you’re also wrong about dilutive funding which hopefully will be clarified shortly too.
I do hope they don't issue the technical report on April 1st. When the report shows multi billions worth of resources, I fear the markets will just think someone is fooling around.
The market is happy to price crypto's at ridiculous levels yet can't be bothered with gold or copper lol!
In this market, they could set up an ETF focussed on chocolate fireguards.
What ever happened to the financial markets? Where did it all wrong? Lehman's was the height of it and it's never been the same since.