Member Info for Daisan

It looks like they are having another go. I suspect we will see another one or more 30/50k trades. There is certainly a brazen feel to the activity now and the buying is insufficient to counter the tactics as some sells have been dragged in on the back of the trading. Whether or not you believe that the Vanadium price has influenced this (and I do), I suspect that a rising Vanadium price would bring about a change in this trading activity.

What is showing is repeated 30k/50k sells at strategic points. There is little doubt that these are designed to drag the share price down.

Please don't use LSE figures for buys and sells. They are always wrong (not their fault but they are).

There's a surprise - a 50k and a 30k transaction to cause the drop.

The only way to stop short selling is to make it illegal but I sincerely doubt that this will happen here.

One or two obvious sells and down it goes. The normal reading of this type of activity is that there is a significant background sell but I confess that I have given up trying to understand the trades as there is often nothing reported when there is a significant change. I would expect to see a 30k or 50k trade pop up to kick off the latest drop though.

Whilst I have never had a go at him I certainly have differed and one of the areas was the projected Vanadium price for this year. Hats off to him for the prediction, I was struggling to see how it could get there and the speed of the retrace in the price has taken me by surprise. Whilst there may be a shortage on an annual basis, the last few months have indicated that it is certainly not the case currently. If it is indeed to be famine and feast then the price will rise as quickly as it has fallen. If this hasn't started in the next couple of months then we (including FM and TP) will all have to rethink where we have got it wrong!

And yet the price is still being dropped. Interesting.

Well, you have to say they have gone for it this morning and it looks like the odd investor has given up which is exactly the behaviour they are looking for. However, the volume has been relatively light and if they wish to close out a short they will need volume - there is no point in dragging the price down with continuous shorting (which I believe we are still experiencing based on the visible trades) if any buying to close out the short causes the price to rise dramatically.

More 'interesting' 30k and 50k sells from the off. You have to say they are persistent (as is the 150k seller).

The Chinese do not tend to pay significant premiums in takeovers so I would prefer someone else.

It may be that they are just working the (at least) daily 150k sell. The predictability of all this could induce cynicism.

Anyone surprised that a 30k sell was dropped in at the bid to bring the price down? I didn't think so.

I was beginning to think after the 30k trade on the bell that our (30k/50k) sellers were going to have a day off but I suspect that they were just teasing us.

For the obvious reason I suppose that negating the short sellers will force them into covering their short which will result in a squeeze. Short squeezes are fun (unless you are the short sellers of course).

Absolutely the same pattern every day.

That the end of day shenanigans have started.

I think 'manipulation' is an overused term but given that this is 10% of the global production, I think that this certainly influences the market. Rather than manipulating the market, the traders simply shift where they sell according to where they can receive the best price and this results in China exporting more or less. When the demand is such that China become a net importer, then you will see the RoW price moving upwards.

Traders being traders, they are likely to be spooked according to rumours and hearsay which is what Terry Perles seems to be suggesting.

Faramog, Indeed. I am sure that China will become a net importer on a more consistent basis but I was just responding to a comment that China don't export Vanadium whereas they have consistently done so in the past.

Endion,

Further to this I suggest looking at a Terry Perles presentation which breaks down the situation:

http://www.spartonres.ca/wp-content/uploads/2019/03/Presentation-Terry-10-Ex-China-Vanadium-Market.pdf