Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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You make a good point Bunco. And I do think we have an ii buying at 35p. It’s been held there for a couple of weeks and never slipped below. 35p is a big supper level.
Agree, but the opposite can be said for the buyer and it's clear there is a buyer.
We place our bets and take our chances. If someone bought at £1 and is selling at 35p or 45p they are looking at at 10% variance which might not be worth waiting for in their eyes, for me the difference between 35p and 45p is the difference between a 15% profit and at 50% profit, point being that it really depends at what price the shares were purchased and how patient they are... Let's be honest it's been a long year and a half and although we're much better placed the share price hasn't reacted as yet.
Well the sellers must be happy to get out. I just hope they don't know something the rest of us don't.
I would guess either one of the sub 3%ers wanting out or the only ii that could sell at this rate and make profit would be Lombard? They are heavily in here with almost 30% although not huge in value for them. But they may want to cut that back slightly... Just guessing though.
But who is selling at such volume?
would agree with that bunco.something above £230,000 today in larger trades all at 35p
I would say it’s buys, look at the trades at 35p, it’s been going on for days/weeks now. Held while institutions load up - mates rates. We’ll probably get a TR1 RNS soon.
Surely this is all driven from the buy side. If it was driven from the sell side the price would surely be dropping much more significantly as MMS looked for buyers to match against the sell volume. You generally can't call the shots on your sell price unless it's significantly below where the price has been sitting for a while, there has been huge volume at 35p over past month or so and it has risen to 35p
from the FSP/covid low (couple of months sub 30p). There has been relatively little volume in the high 30s in past few weeks.
On the flip side, it's easier to call your price on buys if you're buying in volume and you're happy to pay above where the price has been sitting (we were sub 30p for a while there). That's my logic for why I think the large volume is buy driven.
do you mean invesco? seems to be part of the pattern of largish trades all taking place at 35/35.2p.suspect accumulation by new or existing II.my guess DBay but its just a guess
not tanking - something up???? or just slightly down
Why all the sells or is this Invesco off-loading??
Some huge sells but price only dipped 1.37%
Someone definitely buying
Happened before and price jumped up nicely when the shares were scooped up.
Lookout for the big jump upwards anyday now
A few selling today, to bring price down to 35p and then buy back in on a small profit, refresh and do again!! Come on II's and MM's buy what you need and make this of interest outside a small group of II's and PI's?
Someone is hoovering up all the sells sand more!
Take a look at what our PROACTIS partenrs are doing and doing well with our support and new contracts and SaaS and Bepayd:
Deltek: https://www.deltek.com/en
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Commerce: https://commercedecisions.com/
We are doing well and awaiting some big results!!
I would love to and buy atleast 80,000 or 100,000 shares , just waiting for other profits and wins to come through, maybe 1-2 days before possible.
Can you just place an order at 40p to take everything to clear the blockages.
I'll keep topping up under 40p ven if only 4,000 to 10,000 shares at a time. Let the PI's keep offloading the MM's will snatch and clear up all they want to sell, this is tightening well ready for a move north above 45p by Friday!
Someone unloading a few but at least they found a buyer without tanking the price.
That you off-loading 100k Pete :-)
Buy now while you still can under 40p says Tim Sykesand his Finance Director as results for last 3 months of BePayd and new contracts has gone exponential! This will double before TU on 12 July and another RNS, you have been warned!
agreed.
A good sign.
That buyer didn't worry about the price or look to get 1p or 2p off.