Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'll say it again.... Market Makers don't make money when the price is static. They do when it goes up, they do when it goes down. They like it best when it goes up and down!
We all know it will be somewhere higher than 1.40 @ spud.... hold on til then !
@Keefy says "If SP finishes today at 1.40p, then starting Monday for 20 trading days increasing 3% daily.
2.53p I think."
Well your not wrong but I was talking calendar days. I don't seriously think will happen It was just an illustration. It's a common belief we will be at between 2-7p by then.... If we are I guess it will be in chunky leaps in price.
Any increase in valuation of SP has to be driven by the company worth changing in absolute terms or speculatively by greater demand than supply of shares.
The absolute value wont change until they confirm commercial oil, and the speculation can only happen if new blood wants to buy in larger numbers. The SP won't magically keep increasing....
Interestingly if the share price went up every day by 3% until 10 FEB then the valuation would be 3.5 p.... somehow the new blood dam has to burst between now and then.
You can get an idea who uses what broker from the 88energy.com website: http://88energy.com/capital-structure/
Rank Name Balance % of Total Units
1 HARGREAVES LANSDOWN (NOMINEES) LIMITED (15942) 726,559,372 11.49
2 HARGREAVES LANSDOWN (NOMINEES) LIMITED 365,258,059 5.78
3 INTERACTIVE INVESTOR SERVICES NOMINEES LIMITED 352,673,401 5.58
4 HARGREAVES LANSDOWN (NOMINEES) LIMITED 342,015,289 5.41
5 INTERACTIVE INVESTOR SERVICES NOMINEES LIMITED 316,530,447 5.01
6 BARCLAYS DIRECT INVESTING NOMINEES LIMITED 274,587,437 4.34
7 HSDL NOMINEES LIMITED 239,658,181 3.79
8 HSDL NOMINEES LIMITED 198,480,136 3.14
9 HSBC CLIENT HOLDINGS NOMINEE (UK) LIMITED 159,215,739 2.52
10 SHARE NOMINEES LTD 129,520,613 2.05
11 VIDACOS NOMINEES LIMITED 92,150,867 1.46
12 LAWSHARE NOMINEES LIMITED 79,305,208 1.25
13 WEALTH NOMINEES LIMITED 78,156,580 1.24
14 LAWSHARE NOMINEES LIMITED 66,425,205 1.05
15 JAMES CAPEL (NOMINEES) LIMITED 63,481,622 1.00
16 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 61,879,545 0.98
17 HARGREAVES LANSDOWN (NOMINEES) LIMITED 51,326,693 0.81
18 HSDL NOMINEES LIMITED 44,515,614 0.70
19 INTERACTIVE INVESTOR SERVICES NOMINEES LIMITED 40,851,168 0.65
20 MR ANESTIS LAZARIDIS 40,409,367 0.64
Total Units Held (Top 20 holders of ORDINARY FULLY PAID SHARES): 3,723,000,543 58.88
Total units on issue: 6,331,540,324 100
I use ii.co.uk.... they allow foreign currency share dealing accounts. I buy US Tech stocks in US Dollars. If they don't allow USD Account every time you buy and sell you can spend 1% of the deal on going GBP->USD and another USD-GBP....
They made thousands out of me before they had currency accounts !
The MMs are in a bind.... they dont have a lot of liquid shares. They want a turnover in trades so they keep making the margin each time. To make people trade they make the price go up and DOWN. If the price kept going up everyone would hold onto there shares and they would be (are?) left with no shares to sell.....
Oil, Coffee, Chris Rea's brother Dai..... depends on what's happening at the time....
500k, 500k, 1M, 1.855M - since 10ish....
I'm guessing by price they are all sells.
generally low volumes, then someone sold 1M shares for 130 bringing the price down because of low current demand....
We need a public band wagon or we won't get a pre-announcement bump in price we all want.
Can some explain what http links are allowed and what are not. My link to investopedia dot com was removed but othe people seem to be able to post links!?
Word for the month.....
www.investopedia.com/terms/g/ghosting.asp