Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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My last top up at 1.7995. Need to sit tight and wait now. This is already my second most successful investment (on paper) ever.
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.
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
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
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
From RNS "The Options expire after five years. The Options become exercisable immediately for a period of six months in customary "good leaver" circumstances and in the event of a sale of either: i) the Company; ii) the Islandmagee gas storage project (the "Project"); or iii) the Company's subsidiary, Islandmagee Energy Limited (subject to the Project comprising an asset of the subsidiary)." Very specific wording of the conditions needed to excercise the options....
A doubly exciting day. Aspirin anyone?
https://www.bbc.co.uk/news/uk-politics-46885828
Prime Minister Theresa May's Brexit deal has been rejected by 230 votes - the largest defeat for a sitting government in history.
MPs voted by 432 votes to 202 to reject the deal, which sets out the terms of Britain's exit from the EU on 29 March.
Labour leader Jeremy Corbyn has now tabled a vote of no confidence in the government, which could trigger a general election.
Mrs May said she would make time for a debate on the motion on Wednesday.
Hey Mr T, hope you are well? Indeed I have, just been busy with personal life so took some time out but getting more time now to refocus. I agree with what you said. The rise we have seen has merely corrected the company valuation which was previously priced to fail, all signs are pointing to a strong performance for 2019 and the new board are clearly delivering and completely aligned. Despite the recent rise the company valuation hasn’t run away with itself. The significance of the project, with all permits in place and offtakes and financiers all currently in discussions with fresh deals coming to the table shows the key importance and at a national level. The only company of its type with PCI status and backed by the UK guarantee scheme. The closure of Rough and the seasonal rises in natural gas couldn’t have been better timed to perfection to make a perfect storm.
on what lies in store for the NI energy sector
https://www.belfasttelegraph.co.uk/business/northern-ireland/what-lies-in-store-for-our-northern-ireland-energy-sector-during-the-next-year-37709265.html
wearable health monitors have been required last few days, various alarm sounds provided
That £226k trade was definitely a sell looking at the other trades just before and after it but a great day nonetheless...
Interesting that they are now saying "invest more in gas storage to increase energy security LOL (from page 24)
https://data.oireachtas.ie/ie/oireachtas/libraryResearch/2019/2019-01-02_ireland-s-energy-transition-challenges-and-opportunities_en.pdf
Enhancing energy security
As energy security relates to the affordability, acceptability and availability of energy supplies,
there are various ways of enhancing it. These could include diversification of the fuel mix and
diversity in our energy supply sources, i.e.
? Ireland’s sources of energy59;
? Continued development of indigenous sources of renewable energy;
? Promotion of energy efficiency;
? Improving existing infrastructure such as increasing access to and number of storage
facilities for gas;
? Upgrading the electricity network; using local sources of gas to enhance Ireland’s energy
security60; and
? Bord na Móna’s transition to renewables from peat.61
Commentators have proposed measures to counter any negative effects of Brexit on energy
security including:
? Progress the North-South Interconnector to further bolster security of supply and reduce
cost to the consumer, as well as exploring other interconnection options with a view to
developing them if and when appropriate (Engineers Ireland);
? Continue to diversify Ireland’s electricity fuel generation mix and expand the renewables
base (Engineers Ireland);
? Oil could potentially be imported from alternative sources, although this would come at
increased cost (the All-Island Brexit Civic Dialogue on Energy); and
? Invest more in gas storage to increase gas security and importing Liquefied Natural Gas
(LNG) to diversify supply (ESRI).
It was a sell, I think!
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.
Still one hell of a buy to go through! Good times are coming.
Just checked timing, bugga
Now that’s a proper Buy
I will take another blue day despite nearly having a heart attack this morning .. this is moving into life changing territory .. GLA
Tidd,
You have been quiet of late?
This has been an exciting run over the past few weeks and I think difficult for the mm's to get a handle on where we are going, hence the p/m extensions today. The sp then seemed to settle for most of the day again showing up at the close. I agree the same happened at 1.5p tried to break several times without success then finally pushed through. There wil be people taking money off the table here along with initial investments etc to de-risk but the good news is, more buyers are coming in to mop up these shares. What we do not want however are too many day traders, that causes too many spikes abnd then the inevitable collapse!
However I believe we hacve a different scenario here, as you say, news front is stacked and from what we know it's stacked with what can only be positive news. However it all depends on where the sp is when that news starts to arrive and what the market feels is a true valuation based on solid news?
So steady as we go the higher we can get pre news then that could certainly lead to a charge much higher, caution though as that could also lead to larger fall if the news does not live up to expectations. I believe it should and will based on the information currently available, but as we know, individuals need to watch carefully.
I've not sold any as of now, however I will review on a daily basis.
Mr T
Snowman, consolidation at each level is normal. Few worked buys/sells going through. First run at 2p today and similar to those at 1.5p, there will always be sellers at each level but it just allows new positions to be taken. The news front is stacked.
Agreed....
Why aren't all those overwhelming buys in last couple hours moving the SP?
Hi Chris, same story as you. Bought at .24 and .49. Also not sold any of my 1m yet. Enjoying the ride! Thanks to everyone who contributes to this board. The best BB on LSE imho and the only one with a nautical theme, which we really should embrace more! Some serious and well researched holders/posters. Thanks should also go to Peter Wale! Great shareholder activism to protect his investment!