Tech Minerals Share Price (TM1)

-wrong side of that news

I'll concede, if it were Atlas selling, in the complete absence of price affecting news for another month, the scenario is possible and would cause considerable near term pain. Volume like this for another week and I'd tend to agree

But the TFS is due, we are 4 weeks past application period, and into the known deliberation period, it's likely with BASF Asia, conjecture but makes sense, I wouldn't want to be on the wrong side or the news...

On the contrary, THE_CHAIN, it is precisely what I would expect to see with a death spiral.

When you find me one example where this provider's approach has been that of patient long-term partners supporting growth in equity shareholder value, I will concede that could be their plan here. Good luck in your quest.

Were I to have a potential 245m position I wanted to de-risk in these circumstances, I would play it exactly as the trading pattern suggests. I will concede that you are right that I have no interest in crashing the price... Yet.

Sell 200m, getting the best price I can for little parcels. Drip, drip, drip. Let the telegram mugs soak them up with as many £500 pay day top ups as they can, and also scatter as many as I can to the wind.

Destroy the price with the last 45m, then convert to close the short someone in the dark pool has let me and my Cayman buddies build up.

Sell 200m at an average of 0.6p, 45m at an average of 0.2p, convert (buy back) the lot at 0.1p.

That's a cool Bernie on the trades, plus the fees. Easy money.

Who paid? You did. Thanks for that pal. Now beat it.

I'll offer a little correction there, they'd have 245m on conversion if it was indeed them , forward selling, driving the price down to 0.0061. But IF it wasn't, they'll have around half that, maybe less when they convert, as the first drawdown was intiated at a considerably higher share price. Seems the details may have been kept from the public eye for a reason...

If Atlas aren't forward selling, and CLG are almost out, that bodes very well for next news.

Yep, another if, well done AJS, your favourite word!

But even you must admit, what we are seeing is not what one would expect with a CLN with circa 200m + shares to forward sell... Fact is you have no real idea, and nor do I, but we can speculate and make our decisions based on that. I think something is keeping Atlas in check, could be wrong, but the price action suggests there is more to this than meets the eye.