Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Most of us are disappointed tonight having expected a decent follow through from yesterday, personally I feel robbed. The Chairman said in his Vox interview only yesterday afternoon that he is "prioritising non-dilutive sources of capital" and that he's in no rush anyway and promptly brings forward the issue of 750000 shares by HCI and dumps them on the market next week. You couldn't make it up.
Sadly Bv we can't escape the traders, that was a full on short attack, they sold around 250/- shares from 133 downwards. There has been a steady seller in the background so they are probably hoping that will continue even if the price is 10p lower. If only a big boy (hey Peel Hunt!!) could step in and blow them out of the water?
personally i think there's every chance that tw, truant, viking etc are playing from the same building
as ophidian, mm etc. they're all traders one playing good cop one bad cop pump and dump etc, they even pretend to **** each other off sometimes. the sp is played whenever they can gather some momentum either up or down. we have to live with them until we having something concrete - cue lda saying do we have mtd yet?
I haven't been counting but how many sells of 75/- have we had until today we don't get one? Instead we have what looks like a sell of 125/- at 117.52p. Maybe that is a change of amount as the order has just finished. I've been hoping the 75 seller was Heights, and if they're finished for now then we're free of them until late October I reckon. Either way there's no proof but I reckon tomorrow's SP performance will make it clearer.
Having seen the daily 75000share print I was hoping HCI have hit on a solution to the manipulation by the traders. 75000 a day so 375/- a week roughly 1.6million a month thereby spreading each 3 monthly installment over a 3 month period. 75000 a day is not enough to crash the SP or warrant knocking it just before the close every day. I think it would be a clever answer to the problem??
The answer is I don't care. A couple of large trades 1 million and 400/- have printed at 102.5. Whoever is selling is immaterial as obviously there is also a buyer on the other side prepared to pay the price. I have been waiting for a long time to see someone buying in large chunks. Who it is I have no idea but that's not important, no need to try and label it as Big pharma or Stateside (sorry Hurstbot) or short closers etc. The fact is someone is prepared to buy, in size, they're not doing it to keep us happy, they're not doing it for charity, it's because someone out there believes!
I am very relaxed about the Avacta SP this morning, yesterday was an easy play for Team FUD as any talk of delays and extensions plays into their hands and gives them the excuse to bash. But the reality is completely different because lurking in the background is the beast that is America. I don't care how many Cohorts we do if Dr Tap likes Ava6000, as no corrupt British politician or dodgy businessmen getting approvals in Spain will hold us back. If he likes what he sees then the whole power of the world's leading STS specialist will be behind advancing and establishing our product. And right now he must have a very good idea of how it is performing. Leave the rest to him and Terry et al will be history!
BV I read the HCI rns the other day and way down the order in Appendix 2 I thought it said that they were not allowed to forward sell shares but I might be wrong. If it's not them though it's sure to be the TW FUD crew doing it ahead of them?
A 1-1 draw yesterday, that was a 2-0 defeat today no point denying it. Looking at the trades I don't think this is a seller trying to unload it's someone trying to suppress the price. Well they succeeded today and no one came to the rescue.
I thought yesterday's trading was quite lively there was a hard test of the 99p level early on but the price recovered. Overall I'd score yesterday as Avactarians 1 Team Fud 1. I look forward to a definitive move away above a £1 but this seller needs beating first.