Brilliant WRN trade Lef. As you say, the current limit order ceiling of SP + 150% is a bit mean on penny shares if you do get lucky.
I remember playing around with the trading options on iii as it was five years ago, was interested in the range trade option. There was an AIM share at the time (I forget the name, in iron ore I think) that was in vogue. Just to familiarise myself I set out a trade around £500 a fair bit below the actual sp to buy and picked a higher sp to trigger the sell. It wasn't my intention to leave it on the book, but I got distracted by other matters. When I returned to my iii account about an hour later I noticed the cash balance was higher than before - this trade had actually executed and doubled my money. Blind luck with no skill!
Led 12:38. I use ii, it's around 10 seconds to accept the quote, but in fairness if you accept after 2 seconds there isn't an option to cancel - it's done. Also they are crafty in times of volatility you can't accept the price at 9 seconds if it doesn't suit THEM. You get the 'go forth and multiply message' (aka your options if you want to trade)
Agree with you about selling honesty described damaged repairable cars, perfectly legit. Insurance companies write them off for relatively insignificant things as it suits them to settle their customer in cash and sell the car on to a specialist reseller. That's how us oldies got our cars and houses young, doing things up ourselves. Now everyone wants to be Tamara Ecclestone.
The smart flippers will have forward sold already surely? There was good volume and a relatively healthy sp on AIM after the ASX halt considering the placing price was disclosed in some article IIRC. Not sure about how easy forward selling is on ASX but the sophs and similar on AIM will have 'proper' brokers who can do up to T+20 I believe.(no need to pay for 20 days after trade for buyer and 20 days to deliver shares for seller). Totally different from 'us' cheapskates with our nominee accounts and £7.99 trades.
I'm sure it was almost received wisdom amongst posters 3 or 4 years ago that this is what happened on these CRs but I recall someone posting a couple of days ago that 'no placing shares could be traded until Monday' I did a quick reply as busy, but saw later there were 6 recommends for something that is, to my mind, fiction.
The other thing that perplexes me is the assertion that anyone sidling up to DW on the cadge for cheap shares must be intending to hold for a while. Surely you would need more evidence to make any call on the intentions, especially as an initial approach by a single or small number of investors may have led to putting the word out to the final number who came up with the 5 million.
I agree with that Lti and also add that if Charlie 1 fails we will still need to raise further at sub 1p as a few million will not go very far to progress anything. As I've said before, I would have rather faced a 50% dilution in that scenario than 'only' 40% because we topped the coffers up pre Charlie 1 (figures just given as examples not predictions).
Certainly wouldn't take the financial advice V111JAS, but there's nothing wrong with buying an honesty described motor to fix up. Did plenty of that back in the day, my first car at 17 was a £30 mot failure that I ran for 4 years. Also got me better motors doing it that way, I remember running a lovely Granada 2.8 Ghia back in the 80s, bought for Escort money as it needed a head gasket and a bit of tidying. Have tended to buy or lease new for a while now, but for old times sake rescued a '96 SL500 that had seen better days and has been a fun summer toy for 8 years now.
Del101, I'd be very surprised if you couldn't forward sell shares today (via a broker) that are to be issued in 2 trading days time. Remember settlement in deals can be anything from 2 to 20 days after the trade (T+2, T+20 etc).
Image your driveway is like the surface of the moon, your roof has a tarpaulin permanently over it and the conservatory fell down a month after it was built. But you still gave Ben the builder one last chance and handed over £10,000 cash in August 2018 so he could get the bespoke units for your new kitchen made up. He never answers the only number you have for him, a mobile. Most likely poor signal or a faulty battery so you're not worried. One day you bump into him, he's been so busy he didn't have time to tell you that the units are coming on fine, just a slight delay due to company relocation and further tests and trials on the materials and further opportunities to make them the best anyone has ever seen. You sleep easy that night relieved that everything is going to turn out fine.
For the conventional targets, as it's an appraisal well there is the binary element of Commercial Success. That's 0 or 1. Enough oil and it's a 1. No oil (very unlikely IMO) OR insufficient oil to be considered commercial and it's 0.
For PMO it will be a numbers game they have played for decades, as long as the proceeds from the '1's comfortably exceed the costs of the '0's then they stay in business. For me it's my last oil play, really hoping it's a '1'.
Yes Brom. Think it's only for UK market. Certainly the one I did was only AIM listed. They are done when market is closed for obvious reasons. Leb mentioned one done over two days. I believe that was launched after Friday close and ran till Sunday night. Others are closed before the market reopens if done midweek.