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I believe in the region of 600-800 K (correct me if i'm wrong) + £250 k set aside for trading
The fact that an 18 k trade can change the market cap by 18 % says it all. 18 k to some people is of course a lot of money but to others its peanuts. This must be one of the easiest shares of the market to influence. An 18 K trade on a ftse 100 or ftse 250 company would have very little if any impact. The thing is its word the other way too - once news arrives and buying volume increase this will move upwards very quickly indeed from the low level which presents an excellent buying opportunity. Even without good lithium grades think IGS - about to generate good profits and 29% of it is probably worth considerably more than BNRs current market cap on its own.
Should move up on Monday assuming the dumpers are fully dumped.
Let's see what Monday brings ... Do we know how much cash they have left ?
With such low volumes and low market cap its very easy for relatively small investors to manipulate the share price i.e. sell a tranche of shares, create some anxiety so that other small investors sell - then buy back in when the price has dropped. Matthew West has already demonstrated that with this share
Think sooner rather than later
Maybe after the lith news
After that dump someone thinks they know something Another placing afoot ??
On target, so it's rises 11% and ends up -7% on nowt and no manipulating of the share price ehh. Come on that 4milliin and the trades today summits not right ? Most here proberly hold more than 4 poxy million ?
There you go. No manipulation, no spreadbet bullcrepe, just a good old fashioned 4m dump.
Richm if their was proof serious questions would be asked and found guilty who knows. Someone is playing a dangerous game indeed for a few quid if anything is found wanting.
That's the understatement of the year, needs looking in to can't believe what just happened, how the Fck do they get away with it ???????
Manipulating without proof but does seem suspicious What if there was proof? R
swing on fa? what a joke....ffs
Manipulating without proof but does seem suspicious
there you have it guys and gals, blatant manipulation from the custodians of betting shares, there is no other explanation for it, nobody can be profiting at these levels as the spread is not allowing trading, nobody would be selling at this level other than the people who are supposed to be holding spread bet shares, which are not really shares, you buy your monies worth of bets and they sell the corresponding amount in the market until such time they are forced to buy them back, they usually get tipped of by brokers, PR persons and or NOMADS about pending news so they are rarely caught out. Their aim is to keep the share price as low as they can so that when news does arrive the rise (if any) is not going to put people in much profit who purchased much higher up, hence they can pop it 100% higher from this level yet most will be flat or in a small profit, by then most will be happy to not take a loss and sell which in turn the price will slowly rise higher, ever wondered why your always kicking yourself for selling too early, price always seems to rise after you sell? Don't worry, this is all part of their game to lure you back in at higher prices, then once the merry go around is fully loaded again they will start the rinse and repeat cycle all over again, the only difference is the share price is higher. Basically spread bet companies claim to make their money on the spread but in reality that couldn't be further from the truth, especially companies such as IG Index who are also market makers themselves, sound crazy doesn't it, they take your bet and then can change the price to what they like, still think you can win with these rules?? Lets hope that game changing news forces them to overshoot the last price the herd bought in and they totally lose control of the share price, that would be fun wouldn't it. Good luck and I am sure at some stage this will be profitable for all. Have a great weekend all. Rich
how did that drop almost 20% in such a short space of time? can't see any large sells, unless there was a big sell order in the background?
exactly hornygoatweed, they have literally made the playing field so un level and they distort the market so much investing in shares will soon be a thing of the past as its all about taking value from a stock for them and not adding. I understand that to abolish them totally would be hard job as the revenue and taxes they pay the government would leave a hole should it be outlawed totally, however if enough people boycotted spread betting it would have the desired effect. All that would be needed is hard proof that spread betting is heavily stacked against the punter and I am sure it would deter future potential customers from opening accounts with such companies, that would then force them to go even more after their clients accounts and as them accounts gradually faded they would not be replaced and would then have no choice but to throw the towel in themselves. I am trying to arrange a meeting with the Government on this very matter but my dossier is not yet complete. So a message to IG Index and their brokers, if you do happen to be reading this please do keep playing your games with Blenheims share price as it further strengthens the case that you are actually party to the orchestrated manipulation of this and other share prices. Best Rich M
Am mainly lookin for cfd and shares dealing. Ig **** me off n want a more reliable provider handling my money
I'd avoid all spread bet companies, they've ruined the market. They can see stop losses and imo they trade against them.
I am currently using Ig and they don't allow many stocks via spread betting or cfds. Am looking at moving providers. Anyone know of a provider that they dont have any problems with all three areas . Share dealinf / cfds / spread betting . Many thanks for advice V
Blenheim 3.5m Wake up people the spread betting companies are fleecing you, it is them and their market makers cronies who are controlling the price, we are undervalued by 500% compared to the above two mentioned companies, this disconnect is solely because there are large bets in the market that the spread bet companies are continually selling down so as to stop any rise in its tracks. If this share price does not move in line with the others in its sector once the grades are announced, the two spread betting companies I have mentioned and client positions held with them need to be investigated pronto. If you all sit back and do nothing they will continue with their antics. Disgraceful if you ask me. Rich
are the ones doing the selling guys, avoid this spread betting company like the plague and also their associated company they are hedging for which is Spreadex. Will update as and when I receive more info. Rich
another 3m popped up straight after! 18m traded, leaky, leaky?.. SL Hi SL, that was more than likely IG Index or Spreadex buying client positions back incase news is out on Monday. I have done some more research on this and it does appear that Spreadex are not allowing any buying of BNR stock, cheating and shenanigans comes to mind, it seems that they do not want to be on the end of a losing bet. I am currently investigating strange goings on in the spread betting fraternity, as foul play with stocks does appear to be more than just a one off, I am in collaboration with a few other like minded people and we will between us cause any institution the most grief that have ever experienced once further evidence of manipulation and market rigging is collated, so far the data gathered is strong, very strong. There are more and more people contacting me daily regarding this and other concerns with the two big named Spread Betting Firms, once its proven beyond reasonable doubt, they will be bought to book, of that I can guarantee you. Regards Rich
didn`t last long