Member Info for Jambo813

Mapp if as you say the drop was an organised short selling attack then I assume its not over yet as the short sellers have not yet cashed in by closing their short with a purchase which in turn would push the SP back up .
I think the drop was simply because that is where the MM s could justifiably take it too as gives them more options to make profits on their books rather than trying to drum up volumes around the 27 30 range.
Doubt many would take out short positions anyway. More likely many were taking out long CFD and spread bets contracts when it’s was moving up in the 20s. Those bets would have looked attractive even with the wider spread but not now. Win win for the MMs who now have a clear run to pick up shares from some who have set limit sales in the 20s range

There is a difference between the size that was telegraphed a week in advance to actual purchase and the usual volumes between then.
Many always seem puzzled when prices rise on gross sales and fall on gross buys.
Aim is a market generally for traders, day or at least short term traders looking for the quick buck.
MM s are well aware of this so they are not going to facilitate making traders a quick profit at the MM s expense.
That is why inbetween news it is the most common game they will play. You would do the same if you were running a book in a MM.

I am here because of GGP and no one or any institution, especially one that did not understand the concept of Nominee companies versus institutional holders.
They took some shares of the table, great, but thats it and nothing much else so let’s move on and be happy we have consolidated in the 20s until hopefully the real news that matters is positive

Fenix
You and many others are looking at it the wrong way.
Think what caused the minor upturn last week and there is your answer.
Predictable last week and this week so chill and await the next piece of news

Given the update from Paddy Sat that the expanded drilling may be continuing deeper I expect we may not IMO see any results soon.
Reason being they may wait until all SW results are known and we get all in one RNS.
The reason , if news is good we may get them all in one Is i feel NC with the existing relationship and even though they have first refusal will want to be in a position to secure it immediately by make an attractive JV offer, possibly with a separate agreement on what GGP are looking to get out of part or all of our share of HAV .
If results are good I think we will get an RNS with much more news than we can imagine.

@BAGPU55
I agree
And, if GGP discover gold worth X BILLIONS then what stops NC to arrange financing for Y billions to buy out GGP ( based on the assets worth X )
That was the point of my reply to your opinion the could not afford GGP

If NC cannot raise the finance to buy GGP on the basis assets worth more than what they pay.
That logic if applied means GGP cannot raise the finance to mine the said assets.

My definition of shares not owned by anyone is the number of shares owned by the market makers at One time.
All being equal, the more shares they are holding then the more risk they are carrying, more risk equals drag on any share SP.
the opposite when they have little or no position.

Apologies if my response upset a few, the thrust of my message is people need to fully understand financial products BEFORE they part with their hard earned cash.
Do not put it into something then ask the questions afterwards.
Basic common sense

Glad you are in a position to pay off your student loans, sad though that you have wasted good money on a place of leaning that failed to educate you to not understand the benefits of the ISA in the first place or how to google the information yourself rather than ask random strangers.

Not my style but more a hopeful theory on the extra SCALLY drills out from original target.
Did GGP share the first results with NC Who said bloody hell.
BC told to them go and do some form of step out
Meanwhile NC said they would go away and sort out the finance to make an offer they cannot refuse.

Hollimatronic
Taking a betting position , be it long or short on an account does have an affect on reality.
For example, if you took out a long contract on a CFD or spreadbet you could in effect buy £50,000 worth of GGP shares for a cost of only £10,000
Higher risk yes, but 4x the profit you would make if you just bought £10,000 of shares
So what do the companies do that offer the contracts to protect themselves against the profit you can make from them? Apart from the initial wider spread they will buy x GGP shares to hedge the position if the SP rises.
That does affect reality

Up or down will depend as ever on demand and supply for it.
If there is demand then it will be games , down then up.
If there is no demand there will be games to generate volume so down then up or up then down.
Hope I have made that clear. LOL

I did post before that an MM could have borrowed the shares to meet the large trade. Bit risky though unless they all acted together.
What is possible is we may see an RNS to say most of the outstanding warrants have been converted.
I have always believed it’s the MM s themselves who support most of the placing shares.

Lots of talk about the sellers but Friday there was only 24 m shares sold so question is how was the big trade filled.

The 8 m chunks could easily have been MM to MM trades after the bell, but who cares as let’s just let the whole thing play out with hopefully good news on all fronts.
Huge safety net for many of us and we can relax and look forwards and upwards

That’s the difference between today’s sales and buys.
Where did they come from as there has been hardly any difference in the daily buy/ sell volumes over the last few weeks, if anything more bet buy days than sells.
Have they borrowed to meet the funds purchase, or did the MMs carry near enough on their books anyway.
Who knows!

It’s all about supply and demand.
A demand had to be supplied and if that’s over there is every chance the SP will open around what it traded for most of today or lower still.
Not many including myself were confident how OR WHEN the fund would acquire the shares so anyone looking to make a quick return be it buy sell or sell buy we’re taking a chance of their own making..

If you believe this share has still got legs to run then whether 25 or 21p it is still a good time to top iup.
Time to top up has become the new sp fall back ramp and we don’t need it.

Why would it be beyond them, because by then they could not afford by then to buy GGP ?
With that reasoning we cannot afford to pay our part of any financing to mine.