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Bubble when has anyone ever been right on this message board haha
Before you all start accusing me of being an ex poster here don't waste your time. I've not posted before because I don't really know anything and I've come to learn that no one on here has a clue either :)
There are some interesting theories thrown around but it's all guess work. Believe me I wish some of you were right.
I'm holding and not selling but truly sick of this stock. 1 year is long enough, I hope I don't end up reading this message board for another year or god behold another 5 years plus like some of you.
Onwards and upwards 55p by Friday haha good luck us
It seems to me that this has been due to the unrest. It's probably also true that some folk bought in expectation of a bid by end June and have taken fright.
Novice could be right naughty MMS and bod imho
Novicehunter the volume was a little better today, but still below the 16 million plus we should be doing everyday just to have reasonable volume.
I can’t help feeling with the volume of trades today which Is huge that people in the know have sold up due to a fundraiser RNS tomorrow or soon at around 25p to 28p ??? today didn’t feel or smell good …
What can the B.O.D say? To me it’s perfect timing to unsettle people here and sell their shares, by the looks of it many are unsettled. We know what’s going on to an extent, the news covers the unrest as mentioned on Aljazzera or something like that, so imo just relax as there is nothing else you can do but sell.
It’s coming just don’t know when, atb
I feel let down by the board in general......
It is nothing new, there have bern protests in Ecuador for years and the politics are complicated by tribal interests. You get sovereign risk in nearly every developing country. There are hundreds of billions of pounds worth of mineral resources to be had in Ecuador. As long as the mining companies are aware of this, pay off local tribal leaders and politicians, pay off media, provide local jobs and provide some community facilities, run their operations in a responsible manner, everything will be ok.
Aljazeera covered the protests in their news and the numbers involved looked quite modest.
The Government is not giving in to their demands just yet.
I would have liked a comment from the Board too!
I feel let down by the solgold board today not making a statement regards affairs in Ecuador tbh
The LSE designation of trades is completely arbitrary...
The algorithm calculates the mean price between bid and offer when the trade is booked and allocated SELL if its below the mean and buy if its above.
Means absolutely nothing...dont worry about it.
It may have been a sell, or it may have been a late reported buy at a time when the SP was higher...
Killjoy ....because it could have been done anytime prior to 16.35 when the book is closed even to those with DMA ...they a late reported trades not late trades ...... you may well find there were stop losses being closed out too .....we'll be the last to know ....our operations unaffected by the political unrest thus far according to the company
"This isn't ideal and disruptive to many in Ecuador. We will continue to monitor the situation closely. No impact on our operations at this point. The impact is more felt by producing operations with oil output negatively impacted for example"
This drop could be about anything, a placing ??.... personally I doubt it but who knows
I know that the designation of Buy/Sell can be a bit arbitary, but how can the late trade at 16:40:08 be a Sell when it is so far ahead of the Ask?
Rcgl, thanks for the reply and I take it in the spirit it was meant. I'm just being very dense. Equilibrium in markets suggest to price stability.
Hi Addicknt - this is not intended to be patronising or rude, but every trade is both a buy and a sell. One party is buying and one is selling. Which of course you know. The exchange doesn't publish a trade as a buy or a sell, it's just a trade. The websites such as LSE print them as buy or sell based on price in relation to the spread but I think it's meaningless really.
At best you could say that an O trade with a market maker represents shares being bought by the street or sold from the street... But the A trades are just direct trades between two participants so not sure how you can characterise such a trade as being a buy or a sell, since it is both.
Looking at todays trades there have been approx 1120, of which about 900 were A trades.
How do we explain a 14% drop? Because there are sellers on the book who are willing to sell their shares at 14% less than what they could have been sold for yesterday!
Biggest drop I have seen in a long time
Sorry...fat thumbs...c29...predictive text believe it or not...
Bought another 78,391 at c20 at the close...
Rude not to...down 17% in a couple of days...story's still the same...
GLA
Welcome back Colonel...
We are still in the same position as we have been all day i.e buys and sells are almost exactly the same. So how do we explain a 14% drop? It seems very odd to me.
What odds on a bumper RNS tomorrow morning... dirty shysters !!! wink wink ; o ))
That's a wildly bullish call from Goldman.
Welcome back CD
If that is the case - Welcome Back, CD!