Member Info for chasf

RSI is finally picking up.

I think it needs an RNS for one of the subsidiary agreements signed (under the umbrella one).

Meanwhile, are there still old warrants outstanding at 0.65p?

And usually in this one even the auctions don't produce a price.

when there are no A trades (and there weren't at the time), the price doesn't change, since only A trades and auctions set the price.

It's not the MMs doing it. It's fairly easy to do, just keep hitting the bid, but intra-day RNS (which have happened here) or just sentiment change make it so risky to drive it down to support a CFD/spreadbet on (say) IG that I wouldn't even consider it. Even the "guaranteed" stop-losses have, for obvious reasons, enough qualifications that it can go badly wrong. I suppose the mumbling in the boards is intended to put off retail punters. I don't really mind, because at no risk to me, someone else is lowering the price significantly, and you can just trade that.

They clearly reopened it later this morning and then whadyaknow (it's back to the previous short setting).

I think you're confusing the report by the security consultants, which has been completed successfully, indeed by the end of June 2022, and was a condition for doing anything, with an action for the EG to implement the things that have been agreed (or confirm the implementation if already done).

"Last Jan'22 a security team was set up, this security report is yet to be closed. This report was due end of June'22."

One of the things to do, listed in the Umbrella Agreement RNS is "· to document the positive outcome of a successful inspection last week by independent security experts and to finalise with security authorities the requirements for Project launch at the start of the Ethiopian dry season in October 2022;" and the GM statement RNS included a compliment paid by the security company to KEFI, so all that seems to have been concluded successfully. Hence the signing and project preparation.

There's plenty to buy at 0.60/0.61 so fill yer boots

The short positions on IG have been closed.

I used to have some trades rejected because they were slightly below a certain percentage of market size but clearly but clearly anything goes for some others.

These are the trades that sank it:
08-Jul-22 16:29:51 0.59 580 Sell* 0.59 0.649 3.42 A
08-Jul-22 16:29:51 0.59 417 Sell* 0.59 0.649 2.46 A
08-Jul-22 16:29:51 0.59 530 Sell* 0.59 0.649 3.13 A
the state of it.

"Some annoying trader/broker has been algo front running all my DMA orders on here for years (suspect it's my own broker because I see hedge cover going on the other side of the book to cover my orders)."

Yes, I see that a lot.

Mr 75k-both-sides clearly is using a strategy, but I can't decide how it works, just what they're doign technically. Current pricing makes sense for discouraging selling (who wants 0.59?) which in turn makes sense if working it up, but the spread's so wide that O trades (MMs) are offering better rates well below the ask, which is anyway blocked by a small order just above it. Tiny Trader has reappeared, and now brackets the spread. I should probably try to apply some papers about detecting trading strategies. Obviously this one is nowhere near HFT but perhaps similar strategy detection works.

And this just in:
08-Jul-22 10:00:16 0.597 5 Buy* 0.596 0.597 0.03 A
set the loopy price even loopier. But 5? What the ... Cheap way to do it I suppose.

And just above the current ask there are orders for 111 and 112. Just weird, but enough to block the 75k from moving up.
Since there were still CFDs/spreadbets for the downside yesterday (if the IG info is accurate), someone might be trying to fix the trade.

I did notice yesterday that there's a big batch of brokers with 500k each at 0.85, including the house broker, perhaps still trying to unload the conditional placing.

the MMs make the spread, so at 15.66% they'll leave things just as they are: lots of price choice for the O trades in that range!

The critical trade was
08-Jul-22 09:15:03 0.608 75,000 Sell* 0.552 0.665 456.00 A
because that set the price. Today they don't seem to be reloading the 75ks at that level, or it's being done by hand and they haven't noticed yet.

After hours ones are market-price orders I suppose but tiny. Odd.