Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes strange that they still aren’t offering any shares to buy despite the 12.5k sale. I wonder what the significance of these 2 shares that are always available! Is it mandatory for them to offer something maybe? Maybe we will get some more sales this afternoon and they might open it up again but for now it’s a closed shop.
The problem with seeing 100p on the ask is that they'd have to actually let anyone buy in order for us to get there!
I think there has to be news coming. Even after that 12.65k share sale you still can't get more than 2 shares at 92p before it goes NT.
No doubt in my mind they have restricted the buying options here because the leak to market is done. The delay in update with website issues is no coincidence.
This is in my opinion being structured to rise accordingly so the deal that’s been structured at the price is put through accordingly. If you in .... stay strapped ..... if your not then Im sorry but your not getting in .... and if you do it’s for peanuts. We fully locked n loaded.
Going for a walk now .... 2 hours should do it. Expecting £1 ask when I get back.
Gone back to NT to buy for me for more than 2 shares.
for about 10 mins :D
you can buy finally
And I can finally get a quote to buy for the first time in 24 hours.
Aren't they doing just that? But in a controlled way, which is their job? They can't raise the bid too rapidly (it's currently 83.75 to sell) otherwise they lose their downside protection.
Looks like that what they’ve done WS and they’ve attracted some sells at 84 & 85p. Now will they let anybody buy them?!
why should be have stalemate Paul? Shouldn't the MMs have to increase the bid in effort to create a market?
I think it's in the nature of things that a share that has started to appreciably rise will find sells from traders. It is interesting though that whereas there were 4 MMs on the ask at 90p, now there's only one, whilst now 2 MMs on the bid at 82p. Whether one should read things into that, I'm genuinely not sure.
Thanks icemax for the info. Not sure where we go from here then! It’s funny - there have been plenty of sellers in recent weeks willing to let tens of thousands go for 70p. Now nobody is selling at 82p! If somebody doesn’t start selling then it looks like we have a stalemate again today.
Lucky you. Mine was cancelled. Back to square one at 90p
Yes this can move up on tiny NT buys when the MMs have no stock, we've seen it before, last summer, in anticipation of the 'deal that fell through' (if it's really what happened)
pauldrayton - yes, I read the same. It's incorrect - if there is only one slot, say 3k at 87p, only one order will be fulfilled, the orders will fail.
WS. Well done. I’ve just put in a 500 share order through.
Let’s see if they fill it. Come on £1. We have missed u
Ok, this is what I read on Twitter for those interested:
LBE: “the normal market size is 3000 shares. If you put in a limit order for 3000 shares they will have to honour it or increase the asking price”.
Got my little 118 fill or kill @87p, although seems to have moved the price up!
sorry, ask!
should be easier now - bid now 90p
pauldrayton - no, not necessarily - they are being queued.
Just tried a small sell of 5k shares and it quickly offered me 82.3p yo sell.
Can’t buy a dime. Hmmmmmmmm
Had a look at the Twitter chat and it looks as though the Fill or Kill orders will go through if they are for 3,000 shares.
Me too. Asked for another 100 at 87p. Just to see what happens.