Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Now that’s a proper Buy
Just checked timing, bugga
Still one hell of a buy to go through! Good times are coming.
Hi All - An investment of this size suggests an institution has now invested & yes a TR1 will be soon this could be a final game changer as when institutions get involved than its a different ball game just hold onto your shares SP could now rocket.
It was a sell, I think!
That £226k trade was definitely a sell looking at the other trades just before and after it but a great day nonetheless...
I can understand the reporting of trades sometimes being incorrect due to timings, ask/bid etc being very close. However I cannot accept that huge trades such as the one that popped up today being incorrectly reported. That size of trade would have had to have been worked through during the day's trading and the time of the trade may not be the time it was executed, it could be the time the trade was placed?
If the trade had been executed at that precise time then why a delay in reporting it? the delay is due to a trade of that size being dealt with in the background and it may also explain why we had three price extensions in particular in the early hours of trading, first at 9.00am final one 11.00am!!
Just my thoughts as I say, I can't see any way in which a sizeable trade such as that could be misreported?
Mr T
Agreed, I’m no expert but it seems pretty pathetic that a trade of circa quarter of a million pounds is reported as a buy if it’s a sell .. suspect it’s just rubbish algorithms with no “common sense” manual intervention.. still it’s all looking good
Radders,
Agreed I'm also no expert just stating the obvious that that trade cannot and should not be misreported.
I guess we will see tomorrow, should the price gap up again into the 2's then I suspect it was a buy. Think about this, if a sell order of that magnitude was actually placed and executed then surely the price would have retreated and certainly not jumped as it did early doors? On the other hand I can see why some think it was a sell as the executed price was not over 2p?
Tidd what are your thoughts?
Anyway either way it was soaked up and the price at the end of the day remained in positive territory therefore all the signs here are good.
On another point, the so called experts in the City predicted that if the brexit deal was defeated heavily the pound would fall significantly? The deal was defeated heavily, more than anyone predicted, the pound rose? Food for thought regarding the so called experts who traditionally get everything wrong!?
This share now reminds me more than ever of the early SXX day's, I was in that from 2p riding the up's and downs to 30p before the initial planning decision was decided. I sold just before that decision in the mid 20's because I sensed the first planning application would be rejected, as it was. Still a wonderful project nonetheless which will succeed as I hope it does.
Mr T
MrT not sure and it will be hard to tell. Either way the price gapped up on open which was interesting and then pegged on close. Whatever the worked order was it is now complete and reported so any volume should see this run on, MMs were clearly holding it into close.
I'm confused - the £226k is showing as a buy and the price paid suggests that the MM's buying through the day was to fulfil that order at 2.01. If it was asell surely the price would have been lower and the overall trend on price would have been to drive it lower not higher. TBH I know cock-all but just using logic (ish)...