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I am firmly Bid for 1,000,000 shares, yes 1 MILLION at only a smidge below the market price.
There is one HUNGRY buyer out there...
Is this thing about to take off...?
So...one Market Maker will definitely take 1 million shares off me at 18.37p...
And...
The ACTUAL market quote is 18.53/18.5384
Something must be about to happen...surely...?
So I can think of four possible scenarios...
One of the Market Makers is desperately short of stock...but if so, why panic buy...?
A major buyer has a big order in. If I'm bid for 1 million, the whole order may be very much bigger than that...
Somebody has been given inside information and is trying to get as much stock ASAP...
Its a PI who has bought the Bid story and is naively trying to buy 1 million all in one go...
Whatever the reason, trying to buy £183k of SOLG in one go is a pretty big deal...
But why is the SP stuck at 18.42/18.60...?
And TOTAL volume today is only 1.12 million so this order would almost double that...
I think you are possibly over thinking this rk at the mo ..I would not necessarily say offering 18.37 for 1 million is panic buying ?
Pull the other one red..
Hi Not2Sure...
Normal Market Size in Solgold is 30,000 shares...
I've never seen a firm bid for 1 million before...its now back down to 100,000 so don't know if it was filled or walked away.
Can you or anyone offer some sort of explanation cos I'm happy to learn...
It is not unusual for the spread to close and widen on any given day but a mm will use that spread to suit their needs whenever that might be..if you look earlier on there were some circa 500000 shares went through at a similar price but certainly no panic or indeed any unusual movement albeit not one lump
Can you or anyone offer some sort of explanation cos I'm happy to learn...
Impossible when you've filtered most of the posters :)
Red, maybe its your wife?
Let me know when you are firmly bid for 2.2billion......
Jerry I think he’s speaking to himself! He seems to think we desperately want to know the machinations of the SP every minute the market is open. There’s no stopping him??
Z
Hahaha...I think thats a shared wish...
I hinted a while ago that blackrock might want to rebalance (I'm being polite) the instrument they put in play that resulted in 25million SOLG shares being sold or loaned out ahead of what they thought was going to be an equity raise. Volume kicked in on the book the moment the royalty deal was announced so I reckon they are doing a fine job at keeping this in a range sub 20p while they tidy up. If buyers were really to get stuck in then they would have a challenge on their hands... instead it's a stroll in the park for them. Just speculating of course... still waiting on the TR1 for confirmation.
Another 1 million block after hours would total 4 in 4 days I believe. So looks like they are not hanging about. 20m to go?
Fort, it doesn't make sense that we are where we are with the very likely bid in the headlights. Someone is still keeping this down.
Maybe less than that Colonel, judging by the steady 200k/300k bids all day day after day for a week or so.
I know the copper price is down but bit of a nothing day considering the palpable underlying sttength yesterday and first thing today...
Ho hum...
Calm before the storm...
Stake sale
Merger complete
PFS
Porvenir PEA
Takeover bid
Counterbid
Auction
Deliverance...
I am beginning to wonder if the MM teams are so busy giving RK1 and his wife "firm" quotes all day that they have not had time to increase the Ask...?
Skint
Its the Autobots...
67 out of the last 71 trades...
Nobody's selling
Nobody's buying
We're all just waiting for sometyhing to happen...
At least the farmers like us
https://twitter.com/solgold_plc/status/1592921293845762048?s=46&t=3OdF84YGtSpnVuITYmJEcg
Everyone knows these are automatic trades, so every sell has a buyer.
Nothing to do with holding the price down or anything like that.
People on here commented about five million traded. That's about half the minimum we require on a daily basis.
We have low volume, it's nothing else.
You would think some on here have never brought stocks and shares before.
Fort there’s the 1m
Oh yes 1 million buy again something Dec to happening here ,can't be long of some news imho
Definitely typo there apols
Red you said someone was happy to take a million off you earlier …. See the late trade and the price
That was the exact size and price I was quoted...
So my conclusion is that the market is being held down until this order is complete and I expect once it is out of the way the price will fly (macro factors excepted...)
DBW - nice tweet. I might be a little ultra sensitive ti stuff of late but thought that tweet was putting ENSA ahead of SOLG. A defining moment perhaps? Subsidiary yes... but surely SOLG would have sufficed.
Time to get the locals to understand that ENSA is actually SOLG and not a new company? Mmmm!