Member Info for Daisan

Fyoz, We have found that Asian metal (where Vanadiumprice.com sources their information) tends to lag a little. The latest from metalbulletin (fastmarkets) suggested that Vanadium prices may be bottoming but it needs to be maintained obviously to suggest that it is on the verge of firming again.

Well, irrespective of the nature of the 200k trades today, general trading is quite muted but I suspect that our 30k/50k seller will have another go at some point soon to take advantage of the low volumes.

The 200k trade at 9:18 is the only one that looks like a buy based on the prices around at the time of the transaction. Whether or not they were all buys or sells and buys, the limited impact of these trades suggest that there was a reasonable balance of demand/supply.

The trading today, apart from these 200k trades, looks like the pattern we have come to expect with the usual morning drop associated with trades that are largely unreported at the time. One day this will change but it will need the support of Vanadium prices which have provided precious little for months.

Hipete69, The Vanadium price is quite opaque. The easiest place to find it is vanadiumprice.com BUT this is the spot price and has proven to lag the actuals in the past. The more accurate but less accessible pricing appears to come from metalbulletin (fastmaskets) which suggested late last week that there was an uptick. Whether this is sustained remains to be seen.

Well, whatever you want to if to say about the sellers, they are persistent and very predictable. Standard practice is to drive the price down as much as possible at the start to set the scene for the day's trading.

Bizarrely lacking in drama though, considering the week we have had.

They will be very keen to drop this back.

It would not be a surprise. This is a psychological game and they will probably try to unnerve investors going into the long weekend. We have already seen them react very quickly to a rise this afternoon.

Not quite sure what you mean. Nobody 'assigns' a PE ratio. It is just calculated from the earnings per share.

Pretty sure that the 50k trade at 14:08 was waiting for the rise and specifically timed to ensure that it did not hold.

I am pretty sure that those running a short position will want this to end down today.

I don't think that the core short position has increased much if any for some time. The trading lately suggests to me that the 30k/50k trades are used to nudge the price down but are then reversed when more sells come in. It is the induced selling that enables them to exit their trading positions whilst their core positions benefit.

Wouldn't it be great to have an update at the end of June confirming that the new equipment was now operational and ore production had increased to.......

Perhaps this will come with the AGM statement.

So, basically a confused picture! I'm going with one 15.7m trade on the basis of your analysis which feels right to me.

It would not be the first time that they threw in a 50k at the same time to take advantage, hence the reason I suggested 'might look'. Trading has entered a rather surreal realm.

OK. Looks like our bête noire might look to have another go judging by the recent 50k trades and the 24.04p that has just popped up.

Market makers only work on the order book and will adjust the price to optimise that in the way that they see fit. They don't care about the fundamentals of the company.

And down again when the last two trades were both above the mid. You really would struggle to make up a pattern as bizarre as this.

If my reading of the results are accurate, I think there were items in there that would normally be classed as 'exceptionals' as well so, whilst it is fair enough to include these in a PE calculation, it should be borne in mind that these are not recurring items.

Wisha,

Well, it looks like your £2400 trade increased the price by 0.25p and the value of the company by £2.8m.