Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lukoil just bought Cairn's Senegal project. Clearly they want to expand in Africa - perhaps they will bid for Bowleven after FID.
how big are the delayed buys, and where can you see them?
Kier and Costain have also been weak this week, maybe there is some negative sentiment towards the sector?
Three firms appear to be short - Capital Fund Management, Squarepoint and Marshall Wace - ,though I have not noticed any recent changes in short interest. Some data is here https://www.shortics.com/galliford%20try%20plc
Cannot get a quote on even 1,000 shares, something funny is going on
The bid/offer spread fluctuates during the day. I have seen it as wide as 1.25p or as narrow as 0.1p. But the indicative spread is not necessarily a reliable guide to what you end up getting to fill an order anyway. I usually find when it is wide, I get filled inside, and when it is narrow, I have to pay a lot more to trade in size. I would not obsess over the indicative levels, just let us know any firm quotes. Oh and when times are quiet you may need to leave limit orders or do a telephone trade.
As a percentage of the price, the spread is no wider than normal?
But isn't it all falling into place now, with the FEED, the off-take agreement for the gas, Lukoil's local investments ramping up, and so on?
Plan is to get FID (Final Investment Decision) in Q3. Did you Bowleven's 2019 annual report for more details on the project? Lukoil and New Age are also committed to it.
Such as which - examples?
Which other holdings has he been top slicing?
CFM run an "equity market neutral" strategy, meaning their short book is the same size overall as their long book. They run about 10 billion in total, so their GBP 1 million position is tiny: its one basis point, or one hundredth of one percent of their assets. My guess is this tiny short in GFRD will be paired against a long in one or more other companies in the same sector. CFM are not a dedicated short selling house, like Muddy Waters, looking for frauds that go bust, like NMC Healthcare, Wirecard or Luckin Coffee - I have not seen them disclose shorts in any of those three.
Good catch. Bellevue are being quite open. Most of the other large shareholders I asked about this, either did not reply, or said their company policy is not to comment on individual names.