Member Info for DestituteBroker

Hi Doucer, if it was not for Pro traders, the UK market would be flat as a pancake. Unlike the US there just isn’t enough PI’s trading & that’s where the industries profits come from. I remember the FT100 peeking in 1999 at 6999. It’s just taken 21 years to get back to that level. Many Pro traders only trade the US market. Yes liquidity would be fantastic for trading but in the absence of that, how else do you make money.

Scodingercat hi, good observation, just lacks technical knowledge to join all of the dots. The small trades that you see are ACTX or the SINT equivalent. You can look up ‘painting the tape’ but this is not that. Re Shorts be aware that they are a financial tool used in many many ways & not just the most basic as understood by poster’s on these bb’s. Everything that you see in within the regulation, it’s only a lack of education that makes it appear like manipulation.

The RNS is only a proposal & an opportunity for Pro’s to do some undercover housekeeping. Gradual price decay to follow ?

Bugsy911, as with all industries, Professionals make full use the financial products available. Which dramatically reduces risk & losses. Retail are always at a disadvantage due to the lack of education, only able to go long & applicable fees involved. But hey the profit has to come from somewhere.

Completion of the trade

There may appear to be a correlation but that’s not the case. The price of a stock is calculated on the ‘values’ traded, bought & sold, mainly by PI’s & more importantly the positions held by the industry in the background.

'This share’s going nowhere, ever'
Maybe from a technical or trading perspective it’s going to be difficult to move a stock with a 18.5bn issuance, diluting the move. A little like an oil tanker trying to do a handbrake turn.

Yes there is heavy volume & the stock is side-channelling with a downward bias. Can’t get more obvious than that.

explanation : 'exploration company'. Auto spell checkers ….

There is no disputing the value of the resource. The big question is who takes the project forward, most probably not AMC, as it’s an explanation company. The fact that the price tag dropped to £9m last year without any interest should be noted. Based on previous acquisitions, I would not be surprised to see a purchase at a price far less than the current market cap. Aquarius Platinum & Bumi, both ‘working’ mines, are examples of this. As successful as the current business model is, no one lives forever. So for status quo to continue for decades to come, new management will be needed. Alternatively it’s a sale at the best price achievable. And that might more to do with stock market mechanics, than asset valuation.

Hi MD, & thanks for the update, if a CFO is contracted then that’s one item off the list.

JoeBass hi, I think that they really are busy at the min. A replacement CFO, probably not easy at less than a six figure salary, possible replacement of the other departed Directors, unknown litigation & the next share issuance contract. It’s little wonder that there’s no time for a TEO, that carrots is on the back burner.

Hi, are there any Traders here possessing technical knowledge of the mechanics running in the background causing the wild-swings ? I notice the same price action over the last few days with PMO. In advance, thanks for taking the time to reply.

LTH’s usually take the opportunity to top up & annually average down their ISA’s at the end of March, so plenty of time yet. ISA’s are a grate way to save on large taxable gains over the CGT allowance, currently £12,300 for this fiscal year.

Order matching: for every buy there is a sell on the other side of the trade & vice versa, so are the trades buys or sells ? Furthermore the buys could be short covering or the sells might be stock sold short. If there are shorts involved does that cancel out the value of the trade, no increase or decrease ? Are the trades matched at the Lse or off book & ‘just’ reported. If so a sell could be conducted just above mid spread & be wrongly assumed to be a buy. Even the Lse doesn’t know what’s occurring off book & this is why there are UT valuations from time to time. Well with more liquid stocks. In the absence of regular UT’s, correct values of illiquid stocks can only be left to guess work & then there is the volume issue which t_a_p has highlighted. Welcome to the casino.

Hi tap, orders are usually always filled & with stock sold short if necessary, as standard procedure. You could try a limit order. ‘Interesting’ something to contemplate perhaps ? Few things are obvious or as you would expect, in this game.

T_a_p hi, can you elaborate please. Do you mean that you are trying to get a sale quote through a retail broker’s quote & deal service & they are not offering you a deal quote ? or other ? Have you tried smaller quantities less than the market size of 200k ?
Or do you use a DMA broker ?

Thanks for the reply Ricardo, much appreciated. As I thought a 50/50 gamble. Just because Pro’s chase the stock up, with PI’s out in front, doesn’t mean all is safe & sound & risk management is the name of the game.

Re the December RNS, is this still on tract or off the cards ? any thoughts

The RNS of Dec 18th details the possibility of Dilution & I note that a new Broker has been appointed. Does anyone know if dilution is off the cards or is the stock just being pumped in advance of ? thanks in advance.