focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Bid is down just over 3% from yesterday so not a big sell off. SP in Israel currently 6.45p and down 8% but just catching us up so both level pegging at the moment as they have been for months.
Coldspy, a good question, but oddly what Spike says is happening. Today SP dropped and then spread started to tighten and then SP starts to recover.Then then drop the bid an widen the spread and buying stops and afew give up and sell. Same for last few days apart from Friday.
Assuming today then that late 200k trade is a worked buy. MMs do seem short of shares but wide spread putting off any prolonged buying and yet again they drop SP and particularly bid in last half hour. Starting to get more confident now.
How bizarre, SP dropped to 6.71/7.3 once everyone heard Cavendish had sold.
As long forgotten Spike would say, a very strong performance today bouncing off the 7p resistance level so bodes well. He could have sold now at 7.33 instead of his panic sale at 7.21 earlier.
The delayed 120k was a buy, so they seem to be hiding buys.
Anything less than 6.9p today is a sell. Wide spread (6%) again today as MMs put off buyers. Looks like bored sellers moving on to buy back. Trader spike supposedly sold at 7.21 but is buys now will have almost same number of shares so hard to trade this.
TA has moved down now to 33 - there data is 20 minutes delayed. Quite annoying that they have had two RNSs yesterday and today with a lot of detail and we get nothing, especially as this Hebrew translating is difficult.
Coldspy - bid is actually 13% down on Friday close though. Tel Aviv actually up and seems steady although data is delayed.
What is reason for the delay as not good especially after meeting on Thursday. It does appear based on recent share action that both markets were expecting this. Bit annoying as was hoping to free some money this week for other plays.
You both seem to be saying same thing. Overall so far, Spike is the one calling this correctly and compare his/her prediction for yesterday with the fanciful figures of others. At moment all seem to agree a spike if deal done. Spike has just pointed out what would happen if no deal - remember two weeks ago many on here were predicting a deal would have already been done by today and SP in the 10s yet you can sell currently at 7.31p.
Ultimately in speculative shares the good news rarely comes on time and is normally late and for some oilies on AIM never comes.
I thought meeting was 9:30 this morning in Israel - where do you see later?
not the spread, the bid went from 8.05 to 7.26 in 5 minutes.
10% down in a few minutes - has meeting gone badly in Israel?
spike. The previous presentation did push the SP along. The thing that killed it and took us from the 9s to the 6s was the delay in the meeting. It seems the proposals have been tweaked a bit and I am sure company haven't done this to waste people's time. So I would expect the SP to continue to recover over the next few days.
MMs shut up shop at 4 with spread of 7.71/8.23 and about one trade since then.
Dropped the bid hard a bit earlier today - spread now 8% and that is for dummy trades, quoted one much worse.
Spike is correct and initially RNS had no impact on SP but soon after did rise quickly although at close bid was similar to price at RNS release. Getting bit of a pattern of MMs aggressively dropping bid just before close.
Spoke too soon about another drop but we are now a penny lower that Tel Aviv who I assume are closer to the action than Ironic.
I am afraid you do have mental health issues but appreciate it is always difficult for the individual to recognise them, hence wjy I am helping you. Let me know where you live and I can recommend a good consultant.