Member Info for appletree1

The dip to 91p occurred with the pair of 2M share sells at 2:20 pm totalling £36k. So we end today with £40k excess sells whereas we had £100k excess buys on Friday. Annoyingly, the MMs are clearly more comfortable dipping the SP when there is a bit of selling pressure (eg this afternoon) than they are raising the SP when there is a bit of buying pressure (eg Friday and this morning). Good on-going opportunity for those with any spare funds to top-up. The tide will turn. The ISA new year is now only three weeks away and I wont be the only one adding significantly to my already large holding then.

PoG is consolidating today as expected, with a small dip to the 1.960's. Nice to see that in general the analyst consensus for the gold price trend is shifting more and more to bullish for the mid-term. Goldman Sachs upped their forecast to 2,300-2,500 over the coming year last week. Even the outlier gold bears at ABN Amro are finally becoming more bullish and are falling in line with the base-line wide-spread forecasts of gold at 2,000 USD through this and next year.

Strong buying and little visible sells. Nearly £170k bought versus £60k sold in the trades reported today at close.

The product may be good, but how the company is managed and how the product marketed is critical to its success. If the new team earn their keep as they seem to have done have done in their past roles no-one will be complaining about their high salaries. The jury is out at the moment and there is no point in speculating on motives and de-ramping this stock when it cannot even be traded currently.

aimofthegame6 commented on trades here a few days ago and identified one pair of matching trades as a roll-over. I don't know precisely what that means nor how to reliably identify them. Does anyone else know or how do we contact him?

Same amount. Could it perhaps just constitute a roll-over pair of trades? Can two trades that are 24 hours apart in time and reported 6 hours apart just be a roll-over?

The 2 days to report/file TR1 DTR5 rule (4 days for overseas-registered companies) applies to AIM as well as main market. Sanctions for non-compliance may include loss of voting rights plus financial penalties for flagrant violation, but FCA aren't renowned as being sticklers at enforcing regulations.

Hopefully we will get the TR1 for that £450k worked trade by Monday to clarify its nature. With sustained buying and minimal selling the live SP has risen 3% since that trade was reported. If that £450k was a sell then possibly we are at or close to the end of the 'churn' that has been holding us back, though the MMs may still have some shares from it to sell on before we get the sustained large rise.

TR1 should be filed within 2 trading days, although compliance with that does seems to be poor across a lot of stocks.

Thanks RP. Hopefully the MMs will now let us move back up.

That large trade of 48.6 Million at 0.925p just now may explain today's SP action.

There may well be a back-ground seller still. The reported trades don't give a clear picture and certainly don't justify the dip to placing price on the offer in themselves. There are next to no sells showing yet today. There is low volume but the buying is starting to pick up. On the face of it this is a good buying opportunity, so I am buying more at this level.

MMs dropped this 20% in the last three trading days based on the overall market drop and a minor excess of GCAT sells to buys yet are slow to allow a rise today despite buys being practically double sells. Possibly the 0.96p trade for 7.5M shares from after the bell yesterday is a sell as well, explaining the missing sell volume. Whether that is the case or not, I suspect Suggins is largely right that the sells are mostly just a few sellers needing cash short term - perhaps to punt on the hyper-volatile Russian stocks and oil companies, since that is where most of the action has been lately.

I was wondering if it was John too. Same MO of having no history on Twitter other than tweets aimed at GCAT. He says that he was booted of a chat forum. Who do we know that fits that description?

It does look like today's late-reported 250M share trade from yesterday is a sell/ placing churn (based on the price/ time and the static SP and estimated size of missing sell volume yesterday). Taken together with the 329M worked sell reported earlier this week and ignoring the smaller sells from the last two weeks they could equate to nearly a third of the placing being churned through already in these two large chunks. Hopefully most of the remainder is in sticky hands.

There has been a lot of portfolio re-jigging today across the market including some capital flight and no doubt a few GCAT sells are part of that alongside some placee profit-taking, BUT there has clearly been an on-going major surge in interest and buying of this stock. As Crawshaw noted earlier, we are getting much higher volume now than just over a week ago. We have moved from around 50k pounds bought in a day just over a week ago to approx 350k pounds bought yesterday and again today and the volume of buys being substantially higher than the reported sells today. This surge in buying pressure should translate into on-going SP rise as soon as the MMs let the brakes off (all else being equal)......

NDMC , firstly note that there are plenty of the smaller gold stocks that are not up today. GGP is 8% down today, for example. I see today as a consolidation day after yesterday's SP rise. The MMs have held the SP here back a bit today despite at least twice volume bought versus sold, so there should be a strong base for a further rise tomorrow, especially if there are no more 15% flippers from the placement last week. In fact I don't see any sizeable sells today, so if no large delayed trades appear by tomorrow then it does seem that the placement's overhang is done now and we should be primed to continue the move back up.

It looks like the reason for the incorrect MCAP quoted here on the MSMN share price page is because this site is using the 100:1 consolidation factor that would have applied if the planned consolidation had been voted through at the AGM. Since the consolidation was rejected the total number of shares is still 3.8 billion not 38 million. How do we get this site to correct the error?

Five buys of 1M shares so far today and very little selling so far.

It seems to me clear WHERE the bottom is/ should be - ie at/around this level/ placing level. What we don't know is precisely WHEN the bottom will be broken away from. If it is just one placee with 20M shares flipping for 5% then that particular churn cant last more than a few days. If several of the placees are traders rather than investors the flipping churn could last a fair while longer before the break out. Either way, even if the markets remain unsettled and even if assay results don't immediately trigger the break out, no doubt quite a number will be buying in volume here when the new tax year arrives in 5 weeks time.