Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's so rigged by the MM's?
The price shoots up 4p in a few minutes and then no price changes for an hour.
Now they will be deciding between them whether to mark it up or down 5/10p !!
IF you buy 10,000 now at current price 117p Cost £11,775 (with charges).
You get 33,333 at 32p costing you £10,667.
You end up with 43,333 RR costing you 51.78p on average.
IAG Rights are currently 4.5% "cheaper" than the market price.
If you take the same 4.5% rate, RR are worth 54.11p
IMO - DYOR
£13.7725
Dear all,
04/02/19 - VAL share price was 0.9/1.0p.
05/02/19 - VAL share price shot up to 1.3p.
06/02/19 - VAL share price back to 1p.
05/02/19
There were over 40m shares traded.
Why were so many share traded on no news?
Why was there a "spike" and drop back?
Was this just a "pump and dump" day?
Were persons (or persons privy to "inside" information) dealing on this "inside" information.
No it's very simple, the FCA could find out which brokers/underlying clients dealt, especially on 05/02/19.
May be these persons were connected to persons who were "inside" on today's published placing at 0.6p?
May be all the other previous VAL placings, which to have the same above format IMO, were manipulated in the same way......and by the same persons?.
IF anyone else has the same concerns as me then please email these to: whistle@fca.org.uk
Surely, the more people who demand an inquiry into the trading patterns of VAL, the more the FCA has to take note and investigate?
I might be totally off the mark here and I am not for one minute suggesting that any one has broken a law.
However, if enough people express a concern, it's the job of the FCA to make their own investigation and be the judge and jury?
If there has been any "insider" trading, market manipulation and forward selling, the FCA can do the necessary.
All IMO of course. If you feel the same as me, then please email the FCA.
Thanks.
I look forward to the usual comments from the trolls!
Can anyone tell me which firms are the MM's on VAL? (I don't have this information).
I want to compile a report to go to the FCA should there be yet another placing in the next days/weeks.
We all know these placings have worked in the past.
People in the know, allegedly tell their mates about the confidential placing.
People in the know, (the MM's?) must then collude to mark up the price knowing what's going on.
People in the know, then forward sell their shares knowing they will be allocated shares cheaper from the placing.
People in the know, also instruct their broker to sell shares once the sudden price increase has happened.
These people then wait for the price to be ticked back down (by the MM's) and buy back cheaper.
The FCA can easily:
Investigate the last few placings in VAL.
Find out who was involved in the confidential negotiations (and thus "inside"
Find out who the MM's were for each of these recent placings.
List all the "large" trades as soon as the confidential negotiations started.
Ascertain which brokers placed these trades.
Request these brokers to supply who their underlying client is.
My guess is that IF the FCA were prepared to do a full investgation, the same MM's/brokers/clents would be involved and perhaps the FCA could find a link between those who were "inside" and those who made a quick profit.
Perhaps I am way off the mark here?
Perhaps its now a good time to invest in VAL and something positive is about to happen.
Perhaps this is why the price ticked-up and there were lots of shares traded?
Perhaps it was a "pump & dump" and just day traders forcing the price changes?
No doubt we will all find out one day.
However, IF a placing is about to be announced, some people who are "inside" may have broken the rules and this needs to be investigated.
In this day and age and with all the "do-gooders" in the world, the above is pure speculation of course and my take on events. I am not suggesting that anyone from VAL, the MM's or brokers have broken the law.
All I can do is complie my findings and send this evidence to the FCA. It will be the FCA who be judge and jury.
I have close friends who have been invested in VAL for years. They invested their hard earned cash into VAL based on their own choice and have stuck with VAL believing they may recover some of their "losses" one day!
I have seen how VAL's decline has affected their lives. Just when they think the VAL share price is about to start ticking up, their hopes and dreams are immediately quoshed. This has happened far too often.
I welcome any comments from the geniune VAL investors who possibly feel the same way. Any advice or assistance would be greatly appreciated.
I also expect the usual responses from the "trolls" who have no interest in VAL.
I really do hope VAL deliver something positive soon and my friends recover some, all, or better still,more than they originally invested into VAL.
Thanks ev
Apologies, I mean DIRECTORS here:
8,755,000 are held by Slater - VAL reports this as being a 3.78% stake - which is wrong?
7,152,239 are held by DIRECTORS - VAL reports this as being a 1.3% stake - which is wrong?
According to VAL's Investor Relations website today:
598,296,049 shares are in Issue.
8,755,000 are held by Slater - VAL reports this as being a 3.78% stake - which is wrong?
7,152,239 are held by Slater - VAL reports this as being a 1.3% stake - which is wrong?
Based on the above figures, the percentage stakes should be 1.46% and 1.19% respectively...or am I missing something here?
This "mysterious" recent trade of 9,100,000 equates to a 1.52% stake, based on VAL's Shares in Issue!
If nobody at VAL knows how many shares they have given away recently, perhaps it's time to find someone who can get to the bottom of this so a real valuation and price can be ascertained.
Apologies if I'm wrong.
I await the usual sarcastic comments and hopefully some constructive ones too!
I am emailing the FCA (below) to report the potential and continued market abuse of VAL.https://www.fca.org.uk/markets/market-abuseIs anyone else willing to do the same? - I suspect the more people who report this the more the FCA may take notice and investigate.To confidentially report to our whistleblowing team that a firm or individual is involved in market abuse or other wrongdoing, email whistle@fca.org.uk or call 020 7066 9200. Find out more about whistleblowing.To submit notifications about buy-back programmes or stabilisation, you should email stabilisation@fca.org.uk. Consumers concerned about market abuse or with other related queries can call 0800 111 6768 (freephone) or see other ways to contact us.If you are not a firm, trading venue, whistleblower or consumer but want to contact us about market abuse you can email market.abuse@fca.org.uk. Note we review all emails but cannot discuss further details with you.Queries about the Market Abuse Regulation (MAR) should be emailed to marketabusepolicy@fca.org.uk.
Wouldn't it be great if some young upstart at the FCA was to ascertain who actually bought these chunky holdings first thing yesterday? I'm sure whoever did do an thorough investigation would link most trades to the same people.
Then again, the FCA and share police won't be interested.
Does anyone know when QUIZ's Trading Update is due?
It says today on DigitalLook.
Thanks
When Can Directors Buy and Sell Shares?
Directors, like any other shareholders must comply with Market Abuse Regulation (MAR) 1.3.2 on inside information. This regulatory mandates that Persons Discharging Management Responsibility (PDMRs) i.e. the company statutory directors in this context cannot deal when they are in possession of price sensitive information, i.e. information that when released to the public is likely to have a material impact on the share price of the stock in question. A period of time when Directors are prohibited from dealing is referred to as a ‘closed period’.
On top of this ‘catch all’ the EU Market Abuse Regulation (MAR), Section 19 goes a step further to explicitly state that PDMRs cannot deal in the period of 30 calendar days before the announcement of interim financial results or a year end results. This is referred to as the MAR closed period. Taking the AIM market for example, companies need to publish a half year financial report within 3 months of the half year period ending and the final results within 6 months of the end of the full year. It is worth noting that the full annual report does not need to be published on the same day, the closed period can end on publication of the final results statement, assuming no additional material information will be produced in the annual report which is not included in the Final Results statement.
Let’s take a look at how this affects AIM companies specifically now. The rules prior to the adoption of EU MAR from summer 2016 were actually 60 days, so the MAR actually relaxes the closed period requirement relating to release of financial information somewhat. AIM companies as part of AIM rule 21 are though also now required to have in place at all times a dealing policy which must also specify the company’s closed periods. This dealing policy though is not required to be published publically by the company and therefore it may not always be clear whether the company is in a closed period of not.
What director deals should be disclosed to the market? When should disclosure take place?
The EU MAR sets out all the requirements, but the core requirements are the PDMR’s Name, Position within company, Volume and Value of shares. Disclosure is only required for transactions in aggregate over EUR 5,000. This does not mean PDMRs are free to deal though during closed periods, it is just that no disclosure is required for dealing below EUR5,000 in aggregate.
The PDMR must disclose to the company within 3 business days of the transaction, and the company must disclose on the same terms. I.e. if the PDMR discloses to the company after 1 business day then the company has a further 2 business days to disclose.
I would have suggested you contact Russell..... to see if he would want to sell his.
However, last night he stated he was selling at the first opportunity so I don't think he has any left....I'm guessing those sales this morning must be his and he is now out of VAL :-)
Tony, I feel exactly the same. However, I think before we all sell up, we need to group together and do and "Align"....without RJ/Align this time (As RJ was all hot air IMO)
I'm sure collectively we could accumulate a decent percentage holding and make a few "demand" which may or may not answer our concerns.
Having said this, I personally think we should give the BoD a bit more time in case we are about to upset them in their finest hour!
The BoD must be aware of the "ill" feeling of the LTH and with GM openly saying there will be an update shortly(? ), we all need to sit tight and see if he is a man of his word.
If nothing develops "soon" then perhaps we need to club together (without RJ) and do something as a last resort?
How much longer we wait, is the question?
It all depends on BeaVum!
They haven't done a Placing in the past few days so they, and their "mates" might need some spending cash for the extra champagne needed in this heat.
In which case, they could start touting their mates and "requesting" their MM mateys start ticking up the price to say 4/5/6/7p (like they did at the end of last year).
All these wonderful "investors" will then be able to sell VAL at say 4/5/6/7p (like they did at the end of last year) knowing BeaVum will see them right by "gifting" them their shares at anything between 2 and 2.75p.
Or, am I being cynical?