Gay15 Jan 2020 10:10
If it was BC, would point to a CLN being converted - cause it would be forward. We will know soon enough - if no RNS then its a pure sell and vice versa.
Given it was in auction for around 10 mins around the time print, looks like mms had some buyers lined up and giving the seller that good a price points to non PI.
That said 500k is still 10.8p / 12.657p which given the total lack of liquidity this year - bar yesterday - is still good from a book POV. - clearly there a few left to sell on.
This sell order has been on the mms books for the last 14 days - hence why it looked strange since Jan 1. Assuming its a CLN, they won't do another one at this juncture as the mms would only give them 9p now cause this one is still being digested.
One thing - its not a placing.
Good post Vander - sums up where we are - awaiting the bosses to agree the detials - not alot PF can do apart from carrying on getting cash at our interim rate pending a final outcome. Even if he did know how it was going, he couldn't possibly comment officially on a matter that we have no direct involvement in - that would be one way to get the boot.