E_AL. Ignor this if you are already aware of the UT, ( Uncrossing Trade ) it happens every trading day at the usual time of 16.35
16:30 Automatic electronic order matching ceases and the Mandatory Quote Period ends. The closing auction starts. 16.35 Closing auction ends and uncrossing algorithm runs to determine closing price 17:15 Market Closes (Up until 17:15 market is open for trade reporting purposes)
In other words, the 16.35 UT's sole purpose is to set the closing price.
Amers, with regard to the other stock you mentioned, you would have to be totally out to lunch to invest. They will be out of money in September. Read the comments, the negative ones are relevant even though prolific.
Companies do not have to make an announcement in response to unsubstantiated rumours but if speculation hits the mark, then they need to rapidly consider if inside information should be released. (Credit Shares Magazine) By that , I assume that if was true an RNS should have been issued earlier today.
Waiting for a probable Media speculation RNS tomorrow reminds me of looking forward to the next installment of an epic Television program. Not so much the £150M one but a positive NT one would do. I am a bit wary of the content of the Daily Sabah though. I would have expected Sky news to run with it but just silence, Why?? Time will inevitably tell!
RE: Anyone going to actually ....10 Aug 2019 13:34
There may be news over the weekend and/or a media speculation RNS first thing so to make any prediction seems a somewhat pointless venture. However if yo really want one, I will predict the price on Monday at just past 8AM. Have a good weekend all.
Scott. Your arguments are valid and that is beyond contestation.
However, I believe that a large proportion of people on here have a paper loss of varying proportions some since before February and some like me who invested late February believing that your friends Lumsden and Co would not spin us a ripping yarn, which he subsequently did.
From my point of view and probably a lot of others like me feel there is no point selling now and will stay in until the bitter end hoping for some kind of funding, partnership or whatever is cooked up to support this until approval. It would be somewhat painful if we all sold now and it all came good and the stock climbed skyward.
If it goes down like the Titanic I will seek out Lumsden and the board and chuck Milkshake over them as a precursor to some kind of class action but hopefully that won't be necessary. Time, as ever, will tell.
Good afternoon The Italian, I am just bored of this slow torture. Essentially I, like most of us here would welcome a good news RNS about funding but I think any news would be a welcome change right now.
On another subject, Dan.P it is generally considered bad manners to attempt to ramp people on to a dying stock where even the BOD have admitted that there will be no shareholder value.
There is of course the possibility that Scott's comments have been seen by members of the board, their friends or even GL himself. I can't see any reason why these people would not look at these comments from time to time to get a measure of what the PI thinks about them. They may even cause embarrassment which is deserved and a very good thing. I have thrown verbal darts at Scott from time to time but I begin to wonder if perhaps his constant comments may serve a useful purpose after all. Who can say?!
I wonder if TK will have some revelations for us in the AGM tomorrow. He is a proactive sort of chap. I too find your buying and selling strategy somewhat peculiar MN. I am hoping for some good news re funding, orders etc.