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Unfortunately it helps 'create' a market and it is illegal unless you are a multi-millionaire, besides which it's impossible to stop without having extremely constraining financial laws which would pretty much stop trading for the masses.
What I find despicable is the fact that your own broker can (and does), lend out the shares in your portfolio to shorters without your permission. There are companies now that deal exclusively in borrowing and lending shares, I had an e-mail just last week asking if I'd like to make a few measly quid lending them my shares,
I said 'yes please, I'd love to make up to two whole pounds while you reduce the value of my portfolio to as near zero as you can get it before handing it back to me'.
GLA.
https://www.thormining.com/investors/presentations-and-recorded-interviews
hi all,
invested in here but also on GGP. someone don't he board have started a petition make shorting illegal in the UK. i believe we (PI) can all benefit from this.
here is the link to sign up for it: https://www.change.org/p/department-for-business-energy-industrial-strategy-make-short-selling-of-shares-illegal
GLA
Absolutely spot on, adpowers!
https://www.marketscreener.com/quote/stock/THOR-MINING-PLC-39432762/company/ lists current share ownership. I'm not really sure how up-to-date/accurate it can be/where they get their data from, but note:
- MBB Trading Pty Ltd is also Mr Billings.
- The AIM rules are that if 3% is crossed one way or the other there would be an announcement: https://uk.practicallaw.thomsonreuters.com/w-009-1710 so he has still got >3%.
Naise> Have you had a look at the trades going through on ASX?
I can see daily trade volumes... is information about each trade published freely like the LSE does? No matter, it's all such low volume... when I look deeper I'm just seeing patterns in randomness like seeing faces in clouds... I now agree with you, care about "which way the price goes and the spread" rather than looking at individual trades.
"The early worms catch the birds". -- I don't think he was referring to the dietary habits of our feathered friends, but he may have been referring to the birds and the bees.
Snooz
Just a quick note to say I appreciate your effort to put these urls together.
V useful especially for ASX news if something tasty comes up.
As my old headmaster used to say at our boys school "The early worms catch the birds".
If Billing wanted to sell a large amount, I don't think he'd do it on the open market; he'd arrange a deal with an institutional investor that wanted to buy in. I know this is how the chairman of Hochschild reduced his holding in that company about two years ago.
Who knows snooz. My only interest in which way the price goes and the spread. Have you had a look at the trades going through on ASX?
>How many shares did Mick Billing have? Is this pattern him selling them?
To answer my own question: https://www.thormining.com/investors/share-information
At the end on Jan, Mick Billing: 3.22% -> 52m shares. I reckon a broker has been selling his bit-by-bit daily.
But then, on the other hand, based on my understanding of the LSE rules I would have expected an RNS when his holding crossed below 3%.
Maybe I'm seeing patterns in randomness... but I saw a pattern:
There was a period where there would be 1m sold per day, at a random time per day.
Then that changed to some days where 3m was sold.
I'm sure it wasn't a retail customer as a retail customer would have noticed it would have been better to do it in sizes of 0.5m and 1m as much better RSP quotes were available for those smaller sizes.
And now we have these 2.5m "Non Protected Portfolio" trades (previous one looked like it was at mid, this is at the lse offer).
How many shares did Mick Billing have? Is this pattern him selling them?
nice one DCGC, a good start of day so far
Another pre-market buy of 2500,000 shares today making it the 3rd since 14th October. 18.8 mil shares traded last night in Australia far more than normal .
To correct myself:
>now only have to provide proof that they are legally allowed to use the access routes the site(s)
I don't think this is true, I've mixed up my own research. The pending permit work is to do with a San Miguel permit & when that's done the Colorado DRMS permit should be approved.
Hi, Snooz
Thanks for this. Also Nicole on twitter, as below. (Galloway is her maiden name; and Warland presumably the surname of her husband.)
https://mobile.twitter.com/gallowaywarland
Your efforts Snooz, I hope, will be most appreciated by some, whether they've already seen it or not.
An option I can suggest is an app called Vox... usually quicker than here for RNS updates, does market reports etc... maybe worth looking at. I mainly use it for RNS alerts.
Thank you and regards
UNB1
Apparently Amazon have sold out of these with the crypto crew going mental over them.
With a lack of trading & price action, to keep me (us?) entertained I've made a list of URLs of Thor-related stuff. Perhaps use a tool to monitor and alert for changes (I'm open to recommendation of such a tool)...
• ASX announcements, they are usually available before RNS:
https://www2.asx.com.au/markets/company/thr
I guess any significant news and trading based on the news should show up hours earlier here before on the LSE and RNS. "Tomorrows News Today" worked for that Bond supervillain, if the news ever makes any difference, then maybe it'll work for you.
• Live RNS - Link above.
• Company website:
https://www.thormining.com/
• Youtube vids:
https://www.youtube.com/channel/UCHJ05BUIVbYgVmZqm5q215A .
• Tweets:
https://twitter.com/ThorMining
• OTC - Even thinner volume than on the LSE.
https://www.otcmarkets.com/stock/THORF/quote
Any action here is unlikely IMO.
• Some rather pump-y chatter:
https://hotcopper.com.au/asx/thr/
• Wedding Bell permits:
https://drms.colorado.gov/information/permitting-actions-currently-under-review
Quite possible that a change might be seen here before a RNS/ASX news release on the matter of the permits. My understanding is that Standard Metals (not Minerals as it was called in the news release) now only have to provide proof that they are legally allowed to use the access routes the site(s) - the proof should come from BLM? It's all old dirt tracks rather than public roads.
Evening Impy - been a while???!!! : )
My youngest is a teacher so you have my sympathies : )
I've been here a year probably and a change of leadership plus Gold, Uranium and all the other high value stuff that we have in the ground just waiting to be extracted makes me feel much more positive than when I first got on board!!!!
1.7p and I'm back in the blue and 3p and I'll be very happy!!!
cheers Imp...shame your teaching skills can't shed some light on some of the muppets/juveniles throughout these boards. As you say, generally not bad on this one but on some...oh my dearies....are the even out of school yet??
Hi, User
I've enjoyed reading your recent posts. As you say, nothing's gained by quarrelling; and fortunately this billboard is good-humoured compared to some of the others I've looked at (including GGP on a bad day). I've not thought about Thor much recently, as I've been busy teaching; but I'm happy to have about a third of my capital here (the other two thirds being in GGP and OMI).
Best wishes
I suppose it's my job to get them in since it was my post that started all the rumble....... come on 3p ;0)
blue nun for me!
not
(in case anyone thinks I'm serious)
Beer? - if it gets to 3p Chateau d'Yquem 1986 !!!
Hi Kluck, been trading/investing since the 07/08 financial crash. Wasn't on this site then or at any time prior to this account. This is my one and only account on here. Hope that helps? cheers otherwise for agreeing. Gl fellow investor :)