George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Agreed Laz - the company should of changed them months ago, but it's still not too late. PH have been a absolute burden for the company and us.
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Morning Chaps - having worked in the markets for many years previous, its my view that the house (PH) would not be in a position to short a stock, without telling the market that they act for.
Best.
Well said Brighty.
Yes BiG night tonight lets hope we can do it ⚒
RIP very Sad news
Well said Potnak my thoughts entirely im in at the same stage as you and with the same holding emotions are taking over this board - the posters with the science is very welcome and most enjoyable to read. We are all here for one reason and one reason only, and if anyone doesn't like the ride, they can always jump of and if anyone makes money on the way then good luck to all'
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Sorry that was at laugh emoji just came out like ??
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Not with online broking, but if you have a relationship with a broker ie give orders over the phone they normally do, - but you run the risk, that if it goes down when the settlement date is due, you sell and pay the difference, and if you can't pay they would sell the stock you have on account. Not the ideal way to trade tbh, not something i would recommend, as it is a credit line, and within these small caps, they can be e liquid and volatile. very dangerous if it goes against you, especially with the spread as is at the moment.
SC - to add to this, say a trader has £100k in Easyjet but wants to buy SARS - normally he can buy 50% of the worth - so £50k of SARS hoping it will rise within the settlement date without actually buying the stock.
Hope this helps.
The buyer for instance bought on a say t+10 settlement if they cant afford the monies to pay for the stock they can what's called (roll the settlement) - but this is only allowed once - so effectively it is on credit yes - it's what traders do without actually paying for the stock. At the end of the due date for paying, they have to sell or as said roll over the settlement. Brokers wont allow this to happen unless they have monies on account.
The price wouldn't move up on a cash & New you sell at £109.25 and buy back at £1.10 so no difference with regard to volume - its a way of extending your settlement date.
It was a cash and New
Fingers crossed for Thoth
Thanks SOG.
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6 MM bidding £2.10 2 MM £2.25