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Reporting a run of reds is a classic.......
I don't get how it always falls when sells go through yet barely rises at all even though the buys have massively outweighed the sales for the last couple of days? something not right with this
I thought the same, which is why I've reported this to the FCA. If anyone else wants to do the same, send an email to market.abuse@fca.org.uk
Sorry I don't understand what is suspicious about that run of sells? People are rightfully nervous on AIM as the record of companies actually delivering a result on exploration projects is absolutely terrible. I do genuinely think this is different not just in terms of the potential value but that we are positioned for imminent disposal. Stakeholder consultation already initiated to be ready next month in time for the JORC update due end Q3 / early Q4. Could have been a slip of the tongue but Luis Perez referred to 023 as the 'final' drill, with the investigation holes have they got enough? Hopefully because we certainly haven't got much money left!!
It isn't the run of sells that is suspicious. My concern is the not-insignificant price-drop despite buys outstripping sells both today and yesterday. I used to work for a market abuse alert company, and it looks like classic market manipulation to me. I have seen plenty of dodgy-looking price movements on AIM over the years. If I appear to be over-cautious, I don't believe there's any harm in it.
Do you think there taking it down to allow big players to buy in at lower rates
I'm just a bit sceptical about the timing of certain trades and s.p price fluctuations Shed.
I'm not knowledgeable enough to know the intricacies of how the exchanges work and therefore am a bit suspicious.
Not so long ago there was a run of sells early On in the day.
On the same day some quite big buys had an earlier time stamp........now I came to the conclusion (rightly or wrongly) that this could have influenced people to sell.....and some did.
There may be a valid and obviously legitimate explanation for this.
Gla
It's very difficult to say without benig able to see the specific trade data, and the fact that AIM is mostly driven by private investors, so you don't have the luxury of seeing the Trader ID and attaching that to a pattern that could call out different MAR scenarios and the appropriate trader being taken to task. I believe there could be some form of insider trading, in that the market price is being dropped deliberately so that someone can mop up cheap shares ready for a significant price increase. Either that, or this is a complete anomally - but I don't have much confidence in that. Let's see if there's suddenly an RNS in the next few days that results in a re-rate or, indeed, a TR1 - that could be a steer as to what's been going on...
Very interesting soul trader a re rate would be good very good :)
To all that responded to my post, points read and digested! I'm just not massively surprised that we've dropped 8% in a day after the mega increases. Fingers crossed for an update tomorrow.
Buys v sells 2v1 it’s a joke
Soul, the share price movement as from the 0.006/0.007 close last Friday to date just seems odd. I simply don’t have the experience or knowledge to explain it/comment on MAR so decided to e-mail the AIM Regulation team to see if they had a view. It could all be innocent but would be good to know for sure. Happy to share any reply I receive
If a placing was due would they not want to walk the price up?
No Manab, you haven't explained it to me either. Why 0.04, why not as high as they can?
Thanks all for some very interesting insights this evening. I have to say EUZ has had some really odd trades over time... when I was accumulating just after the DB buy in there were loads I simply didn't understand. Anyway looking forward to the next few months and seeing how this plays out.
As for TR1s. I simply don't trust them. I had one on another stock that informed of a sale... from over a year ago. AIM does need to sort it's house out a's there is so much abuse.
Anyway enjoy your evening
GLA
Manabout, don’t sit on the fence say what you think :-)
Well if they do take it to 0.04, I will buy my 0.055 slice back. Win either way.