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Hosko has an excellent track record of buying just at the right time ;-)

Not too shabby, and a little more interest over the last hour.

And as I typed, through they came! Only small value trades but it shows where the sentiment is and MM's don't want you to know.

And MM's now not printing even small trades, to deter more buying. Expect a burst of trades any time soon

And right on cue, Shore take themselves from the offer and back to 2.9

One of two reasons, someone actually took their 1m @ 2.8 (unlikely, because they didnt have it) or they knew its time to get off the offer if they are not going to actually offer any shares up.

Why does Shore drop the offer when you can't actually buy 1m tranche at 2.8

They know retail what the bid/offer prices and act on ticks up or down. A little tick down on the offer may push a few untrained retail into selling. But you try actually buying 1m of SCAP at 2.8, you can't.

You know there are buyers constantly wanting your stock when you can offload 1,000,000 at 2.65 when the bid/offer is 2.6/2.7 and MMs are trying to walk it down.

Back over 3 at close

The MMs are going to have a difficult time when the next one drops. If it’s the one we think it is, you could see another 100% day from whatever base we find ourselves at.

We could quite easily be sitting at 5p before the next one lands.

It doesn’t look like the usual “high risk / volatility” restriction that they sometimes put on small caps. Could this be more to do with settlement issues, or II’s main market maker not being able to source stock?

There are many examples but these are a couple of high profile examples.

NWOG (Northcote / Northcote Energy, AIM, 2015) – after a messy placing/vote, some brokers restricted buying because stock couldn’t be delivered. Settlement failures created a bottleneck.

• UK Oil & Gas (UKOG, 2018–2019) – during peaks of retail demand, some brokers temporarily restricted buys citing “settlement risk” when MMs couldn’t guarantee timely delivery.

• NTVO (Nativo Resources, 2025) – most recent example, where LSE actually suspended trading because of persistent settlement issues (notice N07/25). Before suspension, some brokers were already limiting client buys.

• Tungsten West (TUN, 2022) – smaller case, but a few platforms stopped accepting buy orders when liquidity collapsed and delivery risk was high.

When the NMS is 1,000,000 but MMs delay reporting most trades from the ask but will show trades from the offer immediately, you know they are trying to keep the story of real demand from retail. When it ticks up on little or no large trades being reported, you know in 2hrs you’ll see the trade go through.

And if the MMs can manipulate late it, they will report the trade when the trade price is closer to the offer price so it looks like a sell.

All these games are being played out with ALRT so you know you’re holding a stock in great demand.

Someone is desperate to get hold of stock and not let anyone know when they’re buying so price doesn’t get pushed up by their trades while they’re hoovering up what ever they can.

Is there a glitch in trade reporting or did that many trades really go through. Mostly at 3.05!

And this is backed up by major brokers not allowing retail investors to buy on their platforms. They won’t be able to deliver if the biggest online retail broker was to allow their customers to order.

Keep an eye on the auctions. Anyone with L2, look at the orders.

Been watching ALRT closely and the auctions have been very strong right the way through. Each session has cleared at firm levels with plenty of demand still sat on the book.

What really stands out is the size of the uncrossing trades (UTs) – big volume going through at the higher end of the spread. That’s not retail noise, that’s telling you buyers are happy to step up and take size, even at stronger prices.

When you see repeated auctions clearing like that, and then a huge UT at elevated levels, it usually points to institutions or bigger players building a line. The story here is simple: demand for stock is outweighing supply.

New video discussing Mondays briefing.

Worth a watch.

https://youtu.be/UnO8HHGd1pQ?si=olbkniC3_d1FpNYK

No apologies for re-posting but we need to push SMs post on to page 2/3 and remove his negative subject title. Don’t reply to his post directly if you have to respond.

Ignore the de-ramps using today’s tiny warrant exercise.

If they were directors or Defence Holdings holders I would be disappointed but they are legacy guild holders from 2023. Can’t blame them for finally being able to cash is and take a profit.

You have a tranche of 7,151,334 warrants being exercised: 5,000,000 at £0.0067, and 2,151,334 at £0.006.

• The £0.0067 matches a known Guild-era warrant issue from mid-2023 in the Guild interim accounts.

• The £0.006 tranche is less obviously visible in the surviving public documents, but it is in the same ballpark as the £0.0067 group, suggesting it may be a sibling or related class (perhaps a slightly earlier or later grant) from the legacy warrant pool.

• Meanwhile, the new warrants under Defence are at much lower exercise prices (0.325p / £0.00325), which suggests the £0.006/£0.0067 tranches are not new but legacy.

Hence, it is quite credible that both those tranches are inherited from the earlier Guild/financing structure, not freshly issued under the new Defence regime.

For SM to be put to work so early there will be large buy orders need filling.

Ignore the de-ramps using today’s tiny warrant exercise.

If they were directors or Defence Holdings holders I would be disappointed but they are legacy guild holders from 2023. Can’t blame them for finally being able to cash is and take a profit.

You have a tranche of 7,151,334 warrants being exercised: 5,000,000 at £0.0067, and 2,151,334 at £0.006.

• The £0.0067 matches a known Guild-era warrant issue from mid-2023 in the Guild interim accounts.

• The £0.006 tranche is less obviously visible in the surviving public documents, but it is in the same ballpark as the £0.0067 group, suggesting it may be a sibling or related class (perhaps a slightly earlier or later grant) from the legacy warrant pool.

• Meanwhile, the new warrants under Defence are at much lower exercise prices (0.325p / £0.00325), which suggests the £0.006/£0.0067 tranches are not new but legacy.

Hence, it is quite credible that both those tranches are inherited from the earlier Guild/financing structure, not freshly issued under the new Defence regime.

Looking at exercise price, legacy holder from June 2023 from Guild era.

Rob, from experience, the only news which will create a 500% rise is assay results or an unexpected commencement of production.

News NTVO now has the funds to commence ground work should underpin the shareprice but it needs news from the field for the fun to start.