Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A little bit of purchasing in the US
https://www.otcmarkets.com/stock/TEKCF/overview
Morning TC - yes, I remember the old mm signals from previous decades eg.
100 = I need shares
200 = I need shares but do not take down the PPS
300 = Take down the PPS to get shares
400 = Trade sideways Supply & Demand
500 = Gap One Way Or The Other
But you are right, I thought with all these youngsters using these 'app, whatsup' type of things, there would be an easier way these days...life was so much easier pre Big Bang ...I'm starting to sound like one of those old gits now..perhaps I am? :(
and another thing - I still haven’t got my head around those cluster of small trades e.g. the ones this morning 4, 8, 6 trades.
I can only assume someone’s figured out a way of confusing the quote & deal system, just before they make a substantial sale/purchase…clever if that’s the case and I would like to know more!…unless some else has another explanation!!
WG - Technically you may be right and when 3.9M (3%) is exceeded a TR1 should be completed.
But if you recall the last placement (almost a third) and subsequent reductions crossing percentage points didn’t seem to attract any TR1’s…and to be honest, I’ve almost given up trying to get the RNS published I was speaking about last week…The FCA have acknowledge the notice, I have proof of advising Tek, so I’ve done my bit.
Maybe there is legitimate reason behind it or perhaps they are members of the Secret Squirrel Club?
Morning TC – you have now put an image in my head – I know not serious information, but sometimes you have to have a laugh!
https://www.youtube.com/watch?v=RWwhA2v9UFQ
Can’t understand why RNS still not issued re shareholding. They were advised 27th, chased 28th and 29th but still nothing. Normally its published within a few hours…perhaps they are busy with something else?
TC re RNS..re a few 100k sales today..There will probably be an RNS coming up shortly advising of a major shareholder dropping from 3.55% to 2.99%. Probably (at a guess) being done to save holder having to do any further FCA reports under the new electronic system as he may want to leave control with someone else when away. Also, maybe tax beneficial for him to take as a capital gain now rather than dividend, as sold shares maybe outside tax free status saving 40%... allegedly of course! Don’t worry, I am told he will be holding on to the remaining 2.99% tightly, no intention of selling.. so no need to panic! Can't help you re whose hoovering them up!
https://www.startengine.com/lucyd?mc_cid=b7cf288cb8&mc_eid=c26dd838f8
TC – I think you are right, otherwise I should have waited to make the switch back to TEK – only a small top up of 180k, but it would be slightly annoying to say the least!
Perhaps, we are all getting a bit jumpy/jaded and need to relax – top tip – Lidl do a great range of ice creams, Gelati…both the Mint and Almond are terrific and are only 26p each – always does the trick for me!!
Tend to agree with you and just chopped out of some Belluscura and back into Tek.
I still think the market may be a bit nervy about a further placement on Tek. and I can’t make up my mind if they have grounds!
I’m not sure if we found out who the main taker of the previous huge placement was as I don’t recall seeing a TR1 major shareholding? Have they sold a large portion of their shares and lining up to take up another placement at a bargain knock down price?
If more funds need to be raised, I guess it’s going to cost however it is done…on the other hand, perhaps I am just overthinking things and no additional funds are required…time will tell