Member Info for Daisydog

Thanks guys. Appreciated.

Not sure. Could be. I wondered if the other possibility was they were trying to stem the rise again - which would have stuffed the tame seller as you say, but where the FCA might have wanted to take a look!

I'd love someone with L2 s take on the large late reported trades. 500000 at 14.51. Looks like a sell. Then 3 more of 150 250 and 350k. Two or possibly all 3 of these sells AFTER the RNS, but look like sells as surely below midpoint. So, was someone desperately unlucky, and sold 750000 shares minutes before it bounced,?

And it's only 6.4 % of Bushvelds portion . And that includes a vital ESOS to try to spred the wealth and avoid a repeat of industrial action at Vametco. Very forward thinking.

Err........shome mishtake shurely....

And very sensibly 5% employee benefits. Once bitten at Vametco, twice shy.

And, astonishingly, the 500000 buy is reported promptly and correctly into a rising SP. Not seen that for a while.
Couldn't be the MMs are sitting on some shares they bought and making a tidy profit on the way up .
Blood sucking leeches.

What a change in MMs response. Small volume buys and immediate mark up. I wonder why. Could it be that they're holding some shares accumulated over the last few weeks. .....

I think we're all trying to make sense of the whole thing. You're not alone.
First, if a place is seller as seems likely, FM must be bitterly disappointed with their behaviour when the placing was oversubscribed. He would have hoped for longer term support. Second, quite why a placee tells MMs in advance it wishes to offload massive volumes seems stupid to me. Surely do it in smaller amounts. They have shafted themselves by doing this as MMs were able to collude with shorters. Lastly, when news is around the corner and SP threatens a breakout of trading range, timing ongoing sells to keep the price down is hard to fathom.

Personally, I think additional news will come after 31st Oct confirmation of Vanchem. And it might be weeks later. Like waiting for Christmas as a kid....

Crazy bit for me is that the ASOS SP is currently up 17% on the back of them announcing that they make less profit than BMN.... This "market" just doesn't understand what we are becoming or, indeed, what we already are.

ASOS 84 million shares issued. BMN 1100 million . Still a factor in excess of 10 though.

Knuttie , this was what I was alluding to in my earlier comments - but I wanted to see if anyone else had thought the same. They simply couldn't bounce it back up without news as this would have been strong evidence of their collaboration with the shorters.

@SPBH. Yes, I have also thought that. BUT as they were going long , why have they not allowed the SP back up more quickly. It's that bit i dont get.

Anyone else think its changed. No longer dropping in 20/30/50k round number sells. But how on earth they allowed the short position to close without even a whisker of upward movement is beyond me. Any theories anyone?

They are at it again. Looks like the 2 x million are true buys at near 21p. So , on the face of it (unreliable as it always is) 2.9million bought and 300k sold and the SP is up a whopping 0.24%. You thieving b'stards

@SPB I'm sure the MMs are truly ashamed of their behaviour as they collect probably 10s of 000s in bonuses. This was the perfect opportunity for them and they must have colluded knowing that they had a large and committed seller wanting to exit and shorters keen to exploit a very conveniently timed fall from peak V prices.
Otherwise, none of the activity we've seen makes any sense as you say. The FCA are indeed a joke.

I was just thinking the same - although I know it's a lot of work. Today has been so odd, I think it bears adding to the FCA complaint about manipulation. How can you buy 5million shares (if correctly identified) as against a tenth of that sold....and not see any price rise.

FCA need to get a grip. This surely either borders on or is already a criminal level of obfuscation of trading

Nick, do you think this is buying to close short positions as it's being done at a time when the MMs are colluding in keeping the price down?