Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
@jmitchell they are not buys. They will be sells of the placing shares. Cenkos or whoever is doing the placing will borrow shares and forward sell them at whatever they can get for them- at the minute 2.3p or thereabouts. When the placing shares are issued they will pay 88e 1.8p or 1.9p per share and will then give back all the shares they have borrowed. The difference between the 1.8 and the 2.3 is what these 'institutions' will bag as profit. Easy money for them with minimal risk. Also all these 1m sells go through at a higher price than what you or I would get if we sold 1m at exactly the same time. You will see them every day for probably the next few mths. How quickly they clear will depend on how much trading volume we have over the coming weeks and months.
It's info that is in the public domain anyway so I doubt there is any regulatory requirement to RNS or ANN it. They would probably confirm it in conjunction with another announcement like rig arriving at the pad etc
Looks like cenkos are trying hard to get through them placing shares 1m at a time. You can tell them apart as they'll go through at a better price than any other sells at the time but they are clearly not a buy. Just par for the course. Get them gone and SP will move more freely afterwards.
Today is 30 days since the decision on the environmental assessment by the BLM. Any appeal would have needed to be in by today. If no appeal comes in by environmental types by today then I would expect approval to drill to be in tomorrow.
@00.51 a good start would be 88 e wiki page. Lots of info there. Also look at previous years share price movements and RNS.
http://88ewiki.wikidot.com/
Looks like 88 uplisting from OTC Pink to OTCQB
https://twitter.com/NotoriousFIG1/status/1471703871089217537?t=4LnsgK2UVY4xTYSNQMdAng&s=19
They placed 800m+ shares only 12 weeks ago. With low volumes I don't think all these will have churned into the market as yet hence why we are anchored to the 1.5p level. I don't think they will do another raise pre spud.
Blonity vid on DMG. Mentions terrapool and Argo. I'm sure PW was out in Christina lake a few mths back. Wouldn't surprise me if we see further dealings with DMG in future.
https://youtu.be/_Pbc3vwhEp0
Live on YouTube
https://youtu.be/c3E91-RGjQE