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JAMBO
This is not how MM work.
They don accumulate huge positions in AIM stocks over weeks hoping to sell it into a rise, thats the job for investors.
They simply execute trades.
A MM would not be able to carry a large AIM position - the risk is too high.
All the MM want is an active market - buyers and sellers each way with good deal flow through their book.
Honestly a MM would not care if the share price never moved a single penny as long as they put say £10m through the book at 1/2p net per share trade every day - £10m / 20p x 1/2p = £250k shared across the MM each day. Perfect and easy money.
Investors buy and hold - a fund may buy and hedge (say vs Gold Price) - a few traders may try and trade the momentum but not many.
The whole gold sector in a bit of a dull plateau at the moment - it will have its day again when gold crosses $2000 and the sector attracts money again.
GGP has a great asset and at 20p its got very little medium term downside - maybe none at all.
Its got at least 100% upside.
Its a perfect asynchronous risk investment.
Buy them!
Thanks Blue
Most BTC is mined in China and a lot held there as well. Given it takes a lot of energy to run processors to mine it - plus China has no oil to speak of - why do the authorities allow this to happen?
I speculate that BTC mining is managed at scale by CCP and that at some point the US will challenge this situation, plus the obviously non declaration of capital gains by people holding BTC an its very clear use by organised crime too as a money laundering device.
As the large financial institutions set up trading and investment desks into BTC - it then becomes an 'asset' under the financial services legal umbrella - and the usual declarations are required.
FYI i hold 2500 ARGO but i think the downside could be severe in BTC and related if US etc starts to treat it like any other financial instrument.
Thanks Blue
Building a shareholding external to reporting rules is very illegal. Different groups can subscribe their shares / votes as A CONCERT PARTY in the Stock Exchange rules - but this needs to be declared within 2 days i think ??? Cant remember - took the exams too long ago.
Thanks Blue
Its not manipulation - its because there is a. a seller in size in the market looking for offers b. there is very low volume so the market drops the price to encourage in new buyers .
If the share price jumped 20% today you would say - oh the MM are manipulating the SP by selling shares higher than they bought them for would you? The share price normally falls without a news item because there are more sellers than buyers. The market only records trades done - it does not show if dealers are offering to the market in size.
Thanks Blue
I expect this to rally to £20 not just £10.
Yes JohnZ - asynchronous R vs R is what you should put real money into - and then do the 50 vs 50 stuff for fun.
US OTC Ticker is ARBKF
Final comment ... i bought $7500 in US last night - my broker there "Tony" - yes he is a proper NY Italian - told me he is buying these OTC as there is a NASDAQ listing being talked about. So we bought the dip yesterday at USD$4.00
Thanks Blue
YEs i was just going to say the same GGP is a very low risk 1 x or 2 x next 12 months - the downside is almost nothing from here and the upside is a bagger or two - you have to consider the risk vs reward - its the dark side of investing and many people wholly forget about it.
Take BitCoin the downside risk is huge - hackers, legislation, new competing coins, no yield, no intrinsic value, highly volatile - but people seem to forget this part of the trade.
GGP is as low risk as it gets from their current shareprice.
It a sleep sound stock.
Thanks Blue
Coiled like a bag of cement the past 2 weeks.
Thanks Blue
Slightly rhetorical this but ...
Downside on GGP (i thought it was 27p before this fall) - lets say gold drops into the $1600 area - i now not producing but it has some effect - so 20p max?
Upside on GGP by Feb 2022 - lets say new targets are 50/50 some good and some not good - and progress on mine is OK.
I am guessing its a double from here to a 4 x - depending.
So Downside risk is ~ 20%
And Upside Risk is ~ 100% to 400%
Please feel free to add your own opinions here - the risk / reward is very asychronous in my view.
If it stays here i may drop the whole 2021 ISA on it.
Thanks Blue
No - NHS Hospitals have pathology labs on site for emergency tuff like immediate bloods and they have an area big pathology lab that does all the rest. NHS hospitals have this covered - its the CCGs etc that need point of care testing using smaller machines.
Thanks Blue
Bitcoin etc uses too much power - currently around 20% of the UK electricity consumption to mine Bitcoin etc. Also there is no limit to the number of coins or currencies that can be created.
It does have a role in digital transaction ledgers but not as a store of wealth as it has zero intrinsic value.
Its also used very widely by organised crime as a money laundering system - mind you so is the US Dollar and HSBC Bank so its just moving the issue from one place to another.
And the liquidity in the market is very small too - if a large number of sustained sellers appear then there is no market.
Plus there is no yield either.
I wouldn't hold it living in the UK - i may of i was in DRC or China or Belize though. As they US dollar continues to fall it may have some attraction - but its a difficult trade at size i would think making it very inappropriate for institutions.
One thing though - short the future then have a sustained Robin Hood type group sell of BTC and the price could half almost overnight - its definitely going to happen - i bet within 12 months. Then the big institutions will lose money again to the small guys and all sorts of rules and regulations will be proposed.
My view - i dont know the future of course - thanks Blue
So NQ will now get proposed for a listing on the full London Market. This will increase - by a long way - access to the company by institutional investors - especially as many cant invest until a full listing is achieved.
this has the potential to 5x to around 30p i believe with very limited downside as its a producing mining business with solid cash flow and its funding sorted out too. Bargain but low risk too. Anyone can invest in an exploration stock but if it does not strike then what - share price halves - thats what - here it has very limited downside - thats the secret of investing limited downside, 2x or more upside. Thanks Blue
No there is no agreement and no asset. There is a long way to travel before processing becomes a thing. Maybe 3 years , probably 5.
Thanks Blue
My view.
Is buy some of these and check the shareprice every month - certainly dont worry if it has ticked up or down 1p over an hour - its irrelevant.
In 3-5 years from now this could be worth 5 - 20 times what it is today - possibly more.
Its definitely not a day trade /momo.
Buy some and forget about them.
I read about a guy who received and forgot about 7000 bitcoin now worth about $240m.
Unfortunately he also forgot the password to the bitcoin wallet and now has only two guesses left before it scrambles forever.
Thanks Blue
Steve its not how MM work - they dont care if you are a buyer or seller - they just take the spread (really the touch) price to provide liquidity - so you sell for 9.5p and they sell it to the next punter for 9.75p. They dont have a view on the company - they dont 'invest' and in very low cap stocks like you find on AIM they dont have much capacity to hold book positions - their job is to have volume though the book - order flow - because thats how they make their money. Does an estate agent care if you sell your house for £700k or £725k - of course not - they just care that you sell it - same as for MM.
Yes that overhang in shares coming onto the market will hold back the SP for a few months i feel. Lets face it any MM who knows he / she has access to a big stack of restricted shares is happy to sell and build up a short book because they can fill it back in in a few months. I think RMM is a mover towards the last quarter of 2021. Of course I could be very wrong - humans cant tell the future so its just an opinion.
Apologies for writing the same thing twice - this is due to LSE not posting my comment until a 5 min delay.
Blue