Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I do not think the market makers have let anybody trading this or trying to trade this make a profit in 2024. Just when you think it might pop the people who buy on the spike lose their nerve and sell for a loss again. Interesting the mm went to 3p bid on nothing so was their a delayed buy to show later we shall see ?
Unhooked. Somebody is selling, the price has tanked since the RNS and size is offered.
1.55-1.925p the market makers are strangling the life out of shares now, almost everything I hold has the most ridiculous online spread.
Top riser Merit market cap £15 mil ebit above expectations and PBT of £1.2 mil with net debt of £1-2 mil
OPG market cap £40-45 mil, last reported net cash £14 mil, 9 months PBT just under £7 mil.
And it's just pi sell after sell but the auction buyer shores it up day after day.
Been watching a 200k seller take discounts all the way down. Somebody selling 2 million in one go would be lucky to get 1.5p let alone 2.1p if it was a sale so 100% a buy, you'd have to have 2 mil of buys above 2.2p to work a sale of that size.
That has to be a buy, there's no way anybody can come along and sell that size and get 2.1p this stock is a barsteward when it comes to selling at times
Simple the traders who cannot hold will take a loss and they have around 1.9-2p and the mm's sell that on to bottom fishers at 2.1-2.4p
Online is miles better 1.95-2.09p so given the strong 2 way demand the spread and liquidity is healthy.
In auction no quotes both ways now and backwardisation on L2 orders 2.24p buy order v 2.2p sell order hence no online quotes. I tried to buy and failed
Total manipulation drop to 2p offer and offer zero online...sellers only
I'm watching the games here. Firstly Peel Hunt open higher at 22p bid, 3 other mm's open 22p offer. Then Bego opens lower and Peel drop back to 21p bid, then Peel switch and do a big drop to 20p offer and they are joined by Wins so 18-20p now with Peel on both bid and offer and this is all before a share is traded.
500K as well at 1.863p, certainly got rid of a good 1 million. The delaying of trades must make mm's millions a week with all the stocks out there. When all the traders were selling at 2p they had no idea somebody had bought 300k at 2.28p nice profits for the mm there. Might go again in the morning
2p offer confirms it, cracking price but a huge seller.
300k buy 2.28p then later on 250k sale 1.86 it sure is a great stock for those mm's