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Reflects discount for risk that deal won't go through. Not directly comparable but, as an example, look at BG's sp compared to offer Shell has had accepted.
Wondered that myself?
am I being stupid, but why is the current price lingering approx. a penny below the mooted takeover offer?
Thanks for update Benjamin !
12.9p approx.
Massive buying pressure on L2. Could be shorts closing.
Up 44%. I had written this off. Shorters getting stopped out?
AQP at 22nd today for best risers ;)
Good day today, may get some news on refinancing do we think?
If they achieved 450m Rand, that would equate to about £21.6m. A nice addition to the balance sheet.
Rising fast,looks like platinum on the bounce,my partner in here gla
So well needed cash in the bank now, just need the metal prices to rise
Short selling is one of the biggest secrets of the market. Most of Pro’s trades- market makers / prop desks, in a rising market & falling market is short selling of different types. Pro’s don’t invest they constantly extract money, this is why stocks don’t rise. On the 9th Sept the DAX index was up 2.24% with 10m shares traded, The FT100 was up 1.92% with 73m shares traded. Why the volume disparity, because of all the short selling & general selling on the UK market. Chinese hedge funds have record shorts on commodities, Genel recently mothballed it’s copper mine division.
A Pro sold a lot of stock, the end of day UT was minus 10m. The fact that the stock only fell 15% indicates that there was also a lot of buying. This is going to happen with a stock with 1.5bn shares in issue. From a volume perspective it would only take a £100k buy to move the sp 100% but shorter’s & sellers wont allow that- in the short term.
Sorry wrong share [agq] but we may see this here one day
Now there’s a post for you !
It's always quiet on ere, I'm in this and have been for many years, this has worked so far.
No one wants help anybody here!@#$*?
Anybody know what is happening here
Is that a good sign 295000 shares bought ?
This share trades like an FT100 share because of the volume available ie 1m shares traded x a 0.5p move = £5k profit. Very attractive to Pros that can trade at 5p a time & with no stamp to pay. Even better if your receiving exchange commission. Regarding the fundamentals, obviously the management are out of their depth.
At under 7p this seemed like a decent speculative buy if you had the guts to hold on for a spike in the platinum price. At that stage, a mere month or two ago, platinum fluctuated between $970 and 990 with a brief rise to $1030. The sudden scramble for AQP shares was quite amusing to watch as nothing had changed fundamentally except the opunions of a couple of brokers. Now platinum has slumped again to under $960 and people are holding onto this share as though it's the best thing around. This company loses money- it couldn't make a profit at $1300/ounce, never mind these levels, and if the slump in prices continues their cash reserves will be depleted. Surely there should be some strong selling pressure?
Profit taking- looks like some Pro traders are getting tired of the games.
RNS just out
SP is holding up and plenty are down so far today...