Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Have put a small fill or kill order in, just to see what happens
Still no buy quote available.
Fill or kill orders only for now again.
Sounds crazy but I’m really looking forward to tomorrow and 8am start.
And what shocks me is that it’s LBE ..... never would I have thought I would feel as excited s before when I purchased shares. I guess patience is a virtue after all.
Rns tomorrow? Asking too much I reckon .... happy with 10-15% instead.
Glad to hear it, I meantioned it because I've done exactly the same before with CCAP and did execute it, so I then had to pay over the odds to buy back stock I had sold!
Fair play mozza. You have changed my mind. I’m not playing no games. Feels like my shares have suddenly become seriously valuable.
I'd be a bit careful with that, because they might actually execute it. So when you put your Fill or Kill through a dealer actually has to ring through to the market to get a price, so depending on what their main market maker's book looks like they might actually take a large holding, so it's not without risk doing that.
If people are keen to get stock, put a fill or kill through outside of the spread that's advertised and then they will still execute it at the lowest possible price available.
Looks like 2 can play this game.
Going to try my holding tomorrow as a sell and see what happens.
There’s no way they can take that in 1 block but I haven’t seen that baby go through as 1 trade.
I’m going to put another buy order first thing for only £500. So glad I’m nearing breakeven. It’s all upwards from here onwards.
We sure do deserve some luck. They could buy a load of wind farms in Norway as far as I’m concerned lol. Give me that so I’ve been waiting way too long for so I can book myself a well deserved holiday after lockdown finishes. Perfect timing. 10% tomorrow I say and that £1 Will be in sight.
Gazelleman - did the same - sat there for 30 mins and then got cancelled by close of play. I also had NT at 85p sit there for an hour. I don't think its quite the case that the MMs 'have to deal' at their ask size and price. Ultimately, it's down to where you are in the queue, pending available stock.
Looks like it was killed. No luck.
It will be interesting to see what pattern emerges over the next couple of days. It seemed like a few 10k buys this morning took all the available shares and there were none left for the rest of the day.
It could have just been lack of stock rather than high demand today, but the lack of sellers even as they raised the bid was interesting and encouraging.
Let’s see what tomorrow brings.
I've got a small holding here, but just out of interest I put in a fill or kill for 100 shares at 16:15 at 87p which was the market price at this time. It's still pending...
Is there any MMs there? This 87p would have been a daily high as 85p was the last to go through?
the BoD'S and related parties have approx 8% skin in the game plus their incentive scheme.
@candid also remember the statement in the presentation that the change to the Norwegian tax law means they can go for a higher ratio of debt v new equity, which will obviously be positive for those holding LBE pre-deal announcement
Liquidity here is very small, only 10m shares in issue and at least 70% of these are tightly held by funds and insiders. Hence not easy to buy or sell.
I think we’ll see a deal far in excess of current market cap, so we await to see how it’s structured, prob a mix of debt and new equity. The real draw here is the ex-management of Faroe Petroleum, who are experienced deal makers. They are in for free at the moment.
Paul, as you know there has been very low volume here over the last months due to sticky hands & little demand...not uncommon for the MM's to take it up and down to stimulate a market. ATB
Very much looking forward to discussing our first deal(s) here....hopefully sooner rather than later. ATB
Most people on here probably trade far more than I do but I’ve never seen anything like the action over the past few weeks. First you couldn’t sell but they didn’t drop the price, and now you can’t buy but they won’t increase the price.
What’s going on?! Something very unusual.
They cancelled my £500 order and sent the money back.
I’m holding over 80k shares here combination of stock and Cfd’s
Can’t believe I put in £500 at market price ... willing to accept anything but they said no lol.
Are we about to suspend ! I wonder.
One thing I do know for sure .... this price is getting ready to move and I have a feeling of being rich very soon.
Boooooooooooooooommmmm. Come on lads. Join in hey. Hahaha