Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Https://www.nseindia.com/get-quotes/equity?symbol=SELAN
The Exchange has sought clarification from Selan Exploration Technology Ltd on April 19, 2024 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.
Dear Sir/Madam,
Sub: Reply to your email dated April 19, 2024 regarding Clarification on Price Movement
This is in reference to your email dated April 19,2024 (Ref. No. L/SURV/ONL/PV/KS/ 2024-
2025 / 4172) regarding significant movement in the price of securities of Selan Exploration
Technology Limited (hereinafter referred to as the “Company”) in recent past.
With reference to the same, we would want to clarify that the Company is regular in intimating
Stock Exchanges with regard to any material information which is required to be submitted under
Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and
will continue to comply with the said Regulations.
Currently there is no such material events requiring disclosure under the said Regulations.
We believe that the movement in price of shares is purely market driven
I wonder why thats happening :)
GLA
JPP
I understand how supply and demand works, but thank you for your patronising explanation.
Back at you, I generally like the "agree to disagree" idea.. but you need to do more research into how shares work.
Sausage. The loan of £400K is irrelevant to current cash in hand as it was purely to pay off the loan notes that weren't converted to shares. It was very surprising to me that they weren't converted as the exercise price was only 0.08p.
Cash in hand at end of the year was A$ 1.789 million, about £930k. I'd be very surprised if the monthly cash burn was as low as 100k per month.
Nevertheless there is hopefully enough for a few months yet.
Sorry you're mistaken. The reason the lowest amount got the highest price is because it was latest trade. Generally that's how shares work. As more people buy, the MMs run out of stock, and the Ask/Bid are moved up in an effort to tempt sellers and put off buyers.
I generally like the "agree to disagree" idea.. but you need to do more research into how shares work.
We can agree to disagree, but the following trades show my point
23-Apr-24 16:23:01 0.1149 1,500,000 Buy* 0.11 0.115 1,724 O
23-Apr-24 16:21:02 0.114 2,801,798 Buy* 0.105 0.115 3,194 O
23-Apr-24 16:20:02 0.1139 4,700,000 Buy* 0.105 0.115 5,353 O
Within 3 minutes of each other, the largest buy got the best price, the smallest buy the worst price.
Happy to disagree, each to their own.
Larger volume trades get a discount? Sorry, what? Factually exactly the opposite. The larger the buy, the higher the price, hence the phrase "premium paid"
The reason the small trades are higher than normal is because they'll have been made using the free-to-trade apps, where there's no fee, but you get a ridiculous price.
Larger volume trades get a discount, so I wouldn't take a £1.17 buy at full ask as an indicator that full ask is being smashed.
When you get 5,000,000 share buys going through at full ask then start to get excited
On the 11th March 2024, just over a month ago Roland told us
"In order to minimise equity dilution for shareholders, the Company has obtained loan funding from existing investors of GBP400,000 on commercial terms and on an unsecured basis"
For easy maths, even spending a £100,000 a month that would last through until July. With all the work done to get us to the signing of the JV, I'm sure Roland has told Selan that SYN just need to be careful with the ££ until the GoI approval. Roland doesn't strike me as the man to throw cash around. He'll be doing what needs to be done to preserve the cash to make the £400k last as long as possible
3 very small trades & all on @ 0.1250
Second that statement 👍 Ssccss,
Steven that bull not natural but fighting while chained to goi, when set free it will drive Matador/Torero out of arena
Steven, it's not a fact. It's just people think there is a likelihood of a need for a raise if the GOI approval takes too long. It's a fair point but at this stage if could go either way and approval could come today. People have to make their own decisions.
Well if this is scaremongering or RNS-issued fact then it is what it is, and if it’s the latter then it’s bloody poor after being told there wouldn’t be another raise. Feel free to correct if I misunderstood.
I don’t wtf is going on with this place but I can smell something, and it’s not natural gas. Unless I guess a bull is fairly natural.
GLA.
Melting one is not me, possibly 🥕 & zigzag. not all day yet & you cant see their panic-attack in them trades. panicking ones are those asking for placing to cover their 🩳/🩳
Who's panicking? There's been 5 trades all day, you melt.
Some panicking 😰, last squeeze started on 18th of march and lasted 10 days, this one started on 25th of april & will see how long it goes
Hemotruth,
The truth is: Nothing runs out, but transforms.
is that a wish/rumour/gossip from Tom, Signalman, 🐄boy, 🦊girl or 🥕13........ In this sector companies do placings/funding rounds to bring their ideas into reality. Reminder, well known twitter stock analysts recently unleashed their wolfs & rabbits, one might get you lot 🕸
Did not take long for above to come back on to one of their favourite subjects.
That’s what these crooks on Aim do. Build your hopes up and bang placing destroys your hopes.
GOI approval triggers the immediate payment of $2.5M to SYN so NO additional fund raise is required. The 'problem' of funds being required for 'working capital purposes' arises if there is a delay in GOI into the Autumn imo....
Let’s hope not. At least get GoI first!
Nah don’t think so , goi approval is coming don’t worry about that . No raising needed .
Cash running out so a placing looks likely imo.
Looking like it will be same, as last week of which is another wait for a Monday morning on a GOI Rns.
When that trade went through the spread was same as now.
So any sells would not have gone through @ 0.1225.
Enjoy
"Cannot see how @ that s/p the system could not work it out that it is a buy."
Probably because it was a delayed reporting, not live.