The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I like to try my hand at technical analysis \ reading the price chart to help with my trading. I'm not an expert but I recognise four or five, maybe six patterns and, in the past, have had a bit of success from spotting them.
However, my suspicious nature makes me think that all those trades with zero shares have a distorting effect on trading and therefore TA won't be of any use with AUY, but look at the chart from 6th Jan 2021 to 1st March 2021.
I see a flagpole and flag. 26 Jan to 12 Feb is the flag, so the drop to1st March could have been predicted by analysing the chart.
So I will make a wild prediction. If1st Sep to 7th Oct was a falling wedge, then the breakout could take the sp back to 440p.
Please note that I usually like to see a pattern that is crystal clear and beyond doubt, but this one isn't. Also, I only recently spotted those zero trades and don't know if they were happening back when that flagpole and flag formed. Could they have started only recently and they do, as I suspect, have a distorting effect on the price chart.
Any discussion welcome, as I say I'm not an expert so any help is welcomed.
So far today, no trades with zero shares.
The AUY share price has just reacted - very nice - lots more to come! - and I rarely use an exclamation mark.
Unbelievable, the gold price has just gone into orbit (slight exaggeration, but it is a big jump) and this share doesn't react.
71 trades today but very few had and volume - the rest were all zero shares traded. I still don't like it.
"STRONG THIRD QUARTER 2021 RESULTS" - and the share price drops !
YAMANA GOLD DECLARES Fourth QUARTER DIVIDEND
YAMANA GOLD REPORTS STRONG THIRD QUARTER 2021 RESULTS WITH A STEP CHANGE INCREASE IN CASH FLOWS
... and the share price doesn't even flicker. Something wrong with the trading in this stock.
That should have been £1.20p.
I'm not too happy about that explanation because the Value column is always zero.
If someone had bought half a share, why doesn't the Value column show £1.50, or thereabouts, or show 100p if someone had bought a third of a share?
The issue of decimals shouldn't prevent it because today, in the trades of another company, this site shows the value of one trade as 1.20p.
Re: "I wrote to the company to ask about those trades of zero shares. It has been three days now and no reply." I should have waited, because soon after I posted that comment, I got a reply.
They say that those trades are when a broker has sold a fraction of a share and some screens don't show decimal places.
What do you think of that - quite a lot of people are buying fractions of AUY shares!
The gold price has just jumped up to £1,812. If AUY doesn't shoot up soon, I don't what it will tale to make it move. I think it ought to be 400p.
Gold now at $1,805.
I wrote to the company to ask about those trades of zero shares. It has been three days now and no reply.
Gold now close to $1,800
Now showing 32 trades and the rising gold price is bringing in real buys.
Currently showing 23 trades, but only two have any volume - the others are all for ZERO shares.
Today this site is showing 47 trades in AUY - I'm not sure that all of them have appeared on here, but from the ones I see, only three were genuine trades. The rest were ones with ZERO number of shares traded.
Thanks for your reply bobby.
I won't ask my broker. It is an execution-only service and they don't give advice beyond their own services, but I'm thinking of writing to Yamana's registrar, when I can find the time.
I'll let you know.
Have you tried emailing your broker to find out? I'd be keen to know too
Does anyone know what these trades with ZERO shares are? Thanks
11-Oct-21 14:53:06 299.04442 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:38:49 301.97622 0 Buy* 290.00 310.00 0.00 O
11-Oct-21 14:31:20 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:31:04 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:31:00 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:54 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:56 301.24327 0 Buy* 290.00 310.00 0.00 O
11-Oct-21 14:30:45 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:44 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:39 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:40 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:23 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:11 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:12 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:15 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:12 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:08 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:04 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:10 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:08 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:08 299.77737 0 Sell* 290.00 310.00 0.00 O
11-Oct-21 14:30:05 300.51032 0 Buy* 290.00 310.00 0.00 O
... and again, trades where the number of shares was ZERO -
07-Oct-21 14:30:32 298.81397 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:33 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:23 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:27 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:11 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:10 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:05 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:05 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:08 298.07797 0 Buy* 280.00 300.00 0.00 O
07-Oct-21 14:30:07 298.07797 0 Buy* 280.00 300.00 0.00 O
06-Oct-21 19:27:14 296.60598 0 Buy* 280.00 300.00 0.00 O
06-Oct-21 20:12:31 298.07797 0 Buy* 280.00 300.00 0.00 O
06-Oct-21 20:35:15 298.81397 0 Buy* 280.00 300.00 0.00 O
06-Oct-21 20:46:54 298.07797 0 Buy* 280.00 300.00 0.00 O
https://www.mining.com/yamana-gold-founder-talks-generational-mines/
... and again - "sales" of zero shares and the price drops -
13-Sep-21 15:06:57 304.43268 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 15:04:54 303.70956 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:52:13 300.81709 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:51:35 300.81709 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:48:49 307.00 260 Sell* 300.00 315.00 798.20 O
13-Sep-21 14:45:37 300.09397 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:31:48 298.64773 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:31:43 298.64773 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:30:15 298.64773 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:30:06 298.64773 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:30:09 298.64773 0 Sell* 300.00 315.00 0.00 O
13-Sep-21 14:30:07 298.64773 0 Sell* 300.00 315.00 0.00 O
Is this suspicious, or is there something I need to learn about the stock market?
Just after I said it wasn't on this site - it appeared. Bloody typical.
I've just noticed that this site isn't showing the RNS, so here it is -
https://www.investegate.co.uk/yamana-gold-inc.--auy-/rns/yamana-gold-reports-positive-wasamac-update/202109130714545358L/