Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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MMs taking the P now, dropping the bid to 0.65p. the spread is 30% right now..
* an 0.8p BID would be a good start..
This buyer must have amassed 60m+ shares at this stage over the last week, a chunky investment in a 'dying' company.. if not more.. There has been 185m shares traded in the last week. That alone should trigger a 'change in holding' RNS, in the next week or two, should tell us who's been buying/selling. Maybe Ruffer have had second thoughts and got back in.. Or maybe it was Landsdowne piling yet more cash in to this, averaging down on a terrible average price on their millions of shares.. Or given Davidovich/Abramovich held 55m shares, maybe he has finally pulled the plug and bailed (news this week on Abramovich might have triggered a firesale?) If Abramovich is out, that is good news, as I know banks have been reluctant to touch them because of 'legacy ownership issues'..
GLA
MMs teeing it up nicely, keeping the bid low for this guy to come in and start snapping up his £10K chunks around 10.30-11am. the trendline resistance/support is sort of holding for now around 0.73p. Potential H&S pattern developing on the shorter timeframes though, with a dip to 0.55p a possibility. It needs to get back above 0.83p to keep the momentum going, an 0.80p would be a good start..
He/she has been coming in around mid/late mornings, I think?
Wonder when the buyer will start again today
Up 10% to start and rise through the day
GLA
News will hit, most likely a placing at around 1.25 or so, half the last placing price. Those looking for 2p and above are really stretching.
Market makers often get info or "rumour" as they would call it and we saw a drop like this with (as an example) GST this week. That recovered but sure enough we saw a discount placing the next day. I dont mind a placing here in fact.....if they can get away a decent amount at 0.7 for instance to raise a couple of million £ it would secure the company for next year.
How a drop suggests a placing is above me, sounds like you have a crystal ball. It was likely to fill that massive order at end of the day, scaring some people into selling. Happily bounced off the opening price.
Suggests a placing on the way. All it did was to allow a thumping buy at 0.9. No idea what is going on here but no one punts 61K on nothing. We will be the last to know of course
Probably rishi buying up the shares 😉
Let us hope for another interesting day tomorrow. 👍🏻
Someone just bought £61k at 90!
Wow! Big buy just then.
As others have said, MM, the future seems to depend a lot on whether there is a concrete reason (not yet publicly announced) for all of this buying?
Our buyer got out the hoover there and took many chunks of 1m/£10K buys.. managed to pick up around 10m more shares in about 20 mins..
I guess after a 200% run-up some decided to take some cash off the table.. understandable..
Stop-hunt tree-shake going on.. Looks like they want to try to retest the downtrend channel we broke out of to see if it holds.. eyes on the 0.74p level..
I’m in thanks to the tree shake
Follow the money always does well
GL
MV if we knew what was behind the SP increase (it’s more than just US inflation figures) you could make an informed decision.
I’m starting trailing stop losses later this PM as I don’t see that any of the fundamentals have changed.
Yes the world needs SAF but little evidence VLS will be a major player in providing it or the technology to make large volumes of it.
50m shares traded again, 150m over the last 4 trading days..
Now can it do over 4p that’s the question
This feels insane. A week ago I was 70% down. I doubled my position yesterday...and now I'm starting to break into profit.
(The only serious question is, how long to let it ride before cutting and running??)
Break of 1p predicted for around 3.30pm according to my modelling.. :-)
If you played the symmetrical triangle breakout from earlier, you'd be up nearly 25% in a matter of hours. Kerching.
Run through to 1.2 to 1.4 range once it does :)