Member Info for Alfacomp

wow, over a 1 million shares acquired in a year royando - that will have set you back a quarter of a million quid, you must be pretty confident about our prospects, eh.

So it is now 9:18 and there are no 1 hour delayed reports of any sells that would explain the drop in bid and ask at 8:13.

We wait to see if any spreadbet accounts have been raided for cheap shares. In the real market there is now an excess of greater than 200K Buys more than Sells.

SG - Zinc-Bromine is a somewhat complex think to make work. The Bromine has limited solubility in water so you either have to find some other way to complex it or dissolve into an organic medium or you have poisonous Bromine gas knocking around. I also understand that there are also potential issues with the growth of zinc dendrites and the evolution of Hydrogen gas in these sorts of batteries and as far as I know Redflow and Primus Power are the only two companies making these sorts of flow batteries. It is not clear what Enzinc are now doing as their talk of a "micro-metal sponge" zinc suggests it could be something else.

yep this is precisely what you call market abuse

Bella - I think we are using the term 'Tame Seller' in different ways - I use it to mean 'the Market Makers Tame Seller' - i.e. someone who has gone to the market makers, presumably having previously been a participant in a large placing , who says to them 'what can you get for my 10 Million shares ?' and then puts the disposal into the hands of the market makers to drop in when they feel like it after each spike of buying interest. Having a setup like this makes it very easy for the Market Makers to sell short (i.e. what they do not have) into the short-lived buying pressure that characterises AIM, only to walk it back later on for when they print the sell for their pot.

It appears that you are using the term 'Tame Seller' to indicate some kind of investor who is selling down in a not too aggressive way so as to participate in a subsequent funding round for the company. The trouble with this is that this would probably amount to insider trading and would be illegal as they are trading whilst party to information that the rest of the market has not yet been informed of, thus I think unlikely in this situation.

faramog - I don't think he even knows your wife and probably doesn't want to give her 20 grand a year.

somtam - given that at 55 you could withdraw 25% of a SIPP tax free then it would seem that you could take advantage of the ability to put up to 40K per year into a SIPP, unless you're over a million pounds in the SIPP, in which case what on earth are you asking us for - get a good accountant !

Bella - I'm sorry that I have not yet convinced you but perhaps these articles will demonstrate that I do have something of a handle on what I am talking about:-

https://www.thebushveldperspective.com/blog/public-blog-1/post/when-will-erongo-clear-255 and then https://www.thebushveldperspective.com/blog/public-blog-1/post/the-end-of-erongo-260

You suggest that the volume since November 2018 (when the SP peaked at around 50p) has been sufficient to permit the disposal of upwards of 50 Million shares (let's say only 1/3rd of the 150M+ placed out at 10.3p in march 2018) - at an average price of 35p per share - this equates to GBP 17M of shares that would need to change hands. This works out at an average of GBP 50,000 that needs to pass from the tame sellers into the hands of private investors every single day (as there appear to be no obvious opportunities for Institutional Investors to load up in the way that they usually do on the back of AIM companies.) On the back an envelope this seems rather ambitious.

To be more precise in the 330 trading days since the 20th November the average trading volume has been almost exactly 4 Million. It might seem an obvious thing to assert that with this number it should be possible to shift 150,000 shares a day. That would appear to be obtained by sells of 1.925M and Buys of 2.075M right ?

Unfortunately there are many mechanisms that flatter this volume number - for example we recently had Vaneck buying c. 20 million shares then loaning them to shorters who then sold those shares followed by the reversal of those positions and repeated twice over. That 160 Million of share trades immediately knocks the average volume back from 4M to around 3.5M.

Then we have those people who are regularly cycling T20 trades or other sorts of leveraged positions who have to execute rollovers just to stay in the game. I estimate that that could knock the average volume back by another 0.5M over that period - so now we are down to the situation of requiring 1.575M Buys versus 1.425M Sells per day. i.e. Buys to outweigh Sells by 10.5%.

That of course is only for the situation of 50M shares being sold down. If it turns out that 150M are looking to be disposed of, then that of course requires Buys of 1.725M versus Sells of 1.275M - i.e. Buys outweigh sells by 35% in order for the historical volume to have been sufficient to mop up the entire share overhang.

In an environment where the Vanadium price has taken a beating it is hard to see that second figure being achieved and even the first one seems not to be a slam dunk. None of this analysis seems to rule out the possibility of a significant block of shares being sold down by the market makers as and when they wish to.

Bella - well if the Tame Seller will not accept less than 22p they have to go elsewhere to nab the shares they need. Unfortunately once they have a tame seller on the hook like this they can use it to get the price lower to get even more shares. The real question is whether any significant sells show up following the drive down to sub 19.5p this morning. If not then it may have been an attempt to grab some leveraged share position that didn't work out.

Not sure the tree shake worked that well - now over 550,000 more shares bought than sold today

So there's now an excess of more than 230,000 more Buys than Sells. No evidence yet as to where they are going to those shares from. Two sells amounting to less than a grands worth in the last hour.

so the question is - will be see any limit sells/spreadbet positions stolen by this, bordering on the illegal, market movement ?

ian that is exactly what you call it

buys here are now outweighing the sells

no it is an utterly ridiculous drop designed to try and shake shares free

freelark - I forgot to mention anything about the WorldBank funded 1.44GWh Battery Energy Storage Projects at Eskom in SA - BMN will be very well positioned for these, as revealed by BigBiteNow's investigations:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-your-time-is-coming-336
https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-eskom-battery-mandate-2018-339
https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-your-time-has-now-arrived-355

is scheduled to publish an interview with Vince Algar of Australian Vanadium today:- https://www.youtube.com/channel/UCc0h6rwJD4vr_Rtdasuyn-w

fabulous as ever numpty. I take it you've been fingering your Runyon recently.

read the bushveld perspective instead of the RNSs - that's why it was created.

Try these three first to get a sense of the scale we are talking about:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-414
https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-415
https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-416

Then these three to get a quick overview of the company (as it was 13 months ago)

https://www.thebushveldperspective.com/blog/public-articles-1/post/vametco-mine-visit-407
https://www.thebushveldperspective.com/blog/public-articles-1/post/vametco-processing-plant-visit-408
https://www.thebushveldperspective.com/blog/public-articles-1/post/eskom-battery-site-visit-410

Since then of course we've bought a second Vanadium processing plant in South Africa, got the license to mine the huge Mokopane resource, have started along the path to building our own Vanadium electrolyte factory and have simultaneously negotiated acquistional positions in Cellcube/Enerox and Avalon/redt, a number of the leading VRFB manufacturers, with first refusal to supply V.

1. Because this is the best researched share on AIM
2. Because the company is the best positioned to capitalise on the energy storage revolution in a no-risk completely hedged way.
3. Because you will not get the same opportunity in the next decade.