Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Page, farm out has been ongoing forever and they changed the nomad before whilst in discussions. I am ultra confident this will be finished soon and BEFORE the need to raise more cash. Whether its a good, fair or bad deal- it will conclude in 2024.
Right now it's a bit weird.......... I have been here for years ( so many I can't remember) but I don't remember this stagnant nothing....... We have the bidder and ask doing a squeeze and locking in the trades, both are happy to stay put. WHICH means in reality there are no sellers AT ALL. Both sides are the same entity by the way and are just happy to scoop what they can. Bloody boring, the board have to get this thing over the line soon tho- otherwise they will be joining another one- the unemployment line.
I don't think you can under estimate how good this is for the falklands oil development and its right to self govern. A defining moment with a sensible government at least will see a new start for the islands and its ability to make decisions, expect a roll back of past decisions from the old guard imminently. A race to the finishing line to partner us, I wonder who it will be?
Well clearly we have a constant buyer, happy to sit back with his fishing net out. Happy to scoop the odd sell going past, no rush it seems. Maybe this will change soon, hope so because it's bloody boring....... groundhog day. And just to think this could easily be £2 let alone 2p.
Surely we must be nearly there? Another year gone by nearly and we are funded fully until the end of 2024 and a bit, so this thing needs to be done by the summer at least. I was reading an article about the length of time from discovery to first oil ( with farming out) and its apparently around 8 years on average................. I guess its better to be late than never.
£500 won't touch the sides moving the bid, but everyone can also play the game by putting a bid on the exchange. So when the bid is low, like 2.2p stick your £500 on at 2.5p and watch the MM up their bid to 2.51p (always just above). Or we could do exactly the same as the MM' and stick a £500 bid on at 2.8p for example and buy it back on the exchange which increases the price.Exactly the same as what's been going on here for ages, everyone can do it if they can be bothered.
Yes a typo- somebody put 72 shares on the exchange for sale at 3.02p. Why's it a message? Because nobody puts up for sale 72 shares at a value of £21 on the exchange (in fact this falls below the minimum requirement of nearly all brokers) Its there for a reason.
All over the place today is the best description, a fine demonstration of the MM'S in full control. Bid went up to 2.6p and dropped back to 2.01p then up and down, sideways- crazy. Then the earlier decent A trades at full ask of 2.97p, no idea what the hell was going on today. Will be interesting if we see some big late trades which would confirm the story of buying or selling, other than that I haven't a clue. Definitely not a pump to sell big but maybe just a play to get all that they could buyon the bid- who knows. Today is something I haven't seen before ever. Rock on Monday........
Agree Jemgeee, there's a lot of sticky stock in Bor which won't pass hands until good value is paid, then we have floating stock which will churn at reasonable value. Finally we have the catfish market (bottom feeders) which are those who will sell for nearly no profit. Well the catfish are nowhere to be seen now, apparently the last group were seen at 3.9p but were recently reported just south of 5p..................
Hi Buffit, it's quite simple. The bidder is the guy on the bid, when the bid isn't getting serviced (ie lots of sells) then they will go after the seller on the ask. This stock has been in limbo for too long and its time to fly, expect a new holdings RNS soon.