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MMs finally let it go

spread 9.70 v 9.80p

The volume is back with 3 large trades all at 9.40p

14:12:25 9,470,000

14:12:15 2,348,500

14:12:05 6,351,500

The $ is strong so the Gold price move lower

UK regulator restricts movement of assets by Odey's hedge fund -FT

June 18 (Reuters) - Britain's markets regulator Financial Conduct Authority (FCA)restricted the movement of cash and assets from Odey Asset Management in an attempt to restore order at the firm after its founder Crispin Odey was removed over allegations of sexual misconduct, the Financial Times said on Sunday.

The FCA will publish the details of voluntary restrictions agreed with Odey Asset Management on Monday, the FT report said.

No Merry for Terry

You are only another LIAR like Johnson

Look out, maybe someone will pick you up for Boris's party

Paying full offer 9.50p for any buy, earlier was 9.475p

9.20 v 9.50p

Odey Asset Management in advanced talks to move funds, staff to rivals

LONDON, June 15 (Reuters) - Odey Asset Management is in "advanced discussions" to move funds and staff to other asset managers, it told investors in a letter, after imposing exit curbs on key funds in the wake of sexual misconduct allegations against its founder, Crispin Odey.

Several major global banks which provided prime brokerage services are reviewing their relationships with the firm following a report by the Financial Times and Tortoise Media.

Odey has denied the allegations against him. A spokesperson for the hedge fund declined further comment on Thursday.

Any sale or rehousing of funds remained subject to relevant regulatory approvals and due diligence, the letter, signed by the firm's partners said, adding that the boards and managers of the affected funds were "supportive" of the plan.

"Acting in the best interest of our investors and our staff has continued to be our primary concern over the past few days. We will continue to update you," the letter said.

Sharehollders at Shanta Gold

No. Million % of Company held

1. Odey Asset Management 123,386,580 11.73%

2. Hargreaves Lansdown 98,820,280 9.40%

3. Sustainable Capital 87,306,112 8.30%

4. Directors 74,288,706 7.07%

5. Interactive Investor 71,672,273 6.82%

6. River & Mercant Asset 52,500,000 4.99%

7. Canaccord Genuity 49,945,455 4.75%

8. SIX SIS 43,435,258 4.13%

Total 601,354,664 57.19%

22.20p +0.30p

Everything is in place for the run-up to around 25p in this cycle of the chart.

MACD has just crossed over the "0" line and also divergence ( blue line crossing up red ), bullish.

The rest of the Indicators moving higher from oversold territory

Chart with Indicators .. https://i.postimg.cc/NGR4vyFt/big.gif

The Tech business going places in the US ....

" The technology-heavy Nasdaq Composite added 202.78 points, or 1.53%, to 13,461.92 in its biggest one-day percentage gain since May 26. "

21.75p +0.60p

Looking good once again, in looking at the Intraday chart

12 June 23 - IQE plc (AIM: IQE), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, has appointed Peter Rabbeni as Senior Vice President, Communications Infrastructure and Security Business Unit. In this role, Peter will lead IQE's expansion within the communications infrastructure, data centre, and aerospace and security markets.

Peter brings decades of experience in the semiconductor industry to IQE. He has significant executive experience in business development and sales across the wireless industry, underpinned by a background in product design and engineering. These qualities make him the ideal candidate to grow IQE's presence across its key growth markets.

Peter joins IQE after over a decade in executive roles at GlobalFoundries inc. ("GF"), the multinational semiconductor manufacturer, where he was most recently responsible for foundry sales partnerships and business development. In this position he led regional strategy for growing foundry sales partnerships and business development, as well as restructuring the Aerospace and Defence segment. Before this, he was VP of the Wireless Infrastructure and Satellite Communications business unit.

Prior to joining GF, Peter held various leadership roles at IBM, as well as engineering positions at Ericsson and Raytheon.

Americo Lemos, CEO of IQE plc, commented:

"Peter is an industry expert with a solid track record of success across global businesses including GlobalFoundries, IBM and Raytheon. He brings a wealth of knowledge of the semiconductor ecosystem and deep customer relationships to IQE. His vast experience will help drive value creation and value capture for IQE, and enable us to deliver our strategic goals.''

Why do NOT why the price is cheap?

Once there is good news, the price will not stay this low

Chip giant backed by France circles Newport Wafer Fab as bidding war looms

A microchip giant backed by France and Italy is among a clutch of businesses circling Britain’s biggest semiconductor facility after ministers ordered its Chinese owners to sell the plant.

STMicroelectronics, the Dutch semiconductor company which is partly owned by the French and Italian governments, and GlobalFoundries, whose biggest shareholder is Abu Dhabi’s sovereign wealth fund, are believed to have expressed a potential interest in Newport Wafer Fab. They are among as many as 10 potential bidders.

Nexperia, which acquired the facility in 2021, is understood to have opened the books to interested parties despite pressing ahead with a legal challenge to the Government’s demand that it sell the facility.

Former business secretary Grant Shapps ordered Netherlands-headquartered Nexperia, which is owned by Chinese tech company Wingtech, to sell the facility last year due to national security concerns.

Bidding is likely to be complicated by exclusivity arrangements held by former owner Drew Nelson, who is also seeking to buy back the fab....

https://www.telegraph.co.uk/business/2023/06/10/chip-giant-backed-by-france-circles-newport-wafer-fab/

There are signs this afternoon that the share price wants to go higher

Copper Trying to reach $3.80 but so far there is some resistance, the main reason for the rise is a weaker DOLLAR

Intraday chart of Copper .. http://uk.advfn.com/p.php?pid=staticchart&s=CCOM%5ECOPPER&width=480&height=260&p=0&t=1

COMMODITIES are spiking up at the moment and Cooper

Futures for Cooper

3.7908 +0.0348 +0.93%

Futures - Gold $1968 +23 and Silver $24,28 +0.83 spiking UP at the moment

intraday chart... http://uk.advfn.com/p.php?pid=staticchart&s=PM%3AXAUUSD&width=290&height=180&p=0&t=23

Back to the 1.85 v 2p spread, but this time there is buyers at the higher offer

spread 1.85 v 2.0

10:24:47 - 65,209 - 1.979p

There were 12 minutes without trades after the large spread and then back to 1.90p offer

maybe there was a seller ( at 09:52:41. ) but not been reported yet.

09:53:03

1,400,962 299,502

09:40:54

1,291,912 299,502

09:40:05 50,000

Once again MMs have gone to large spread 1.85 v 2p +0.125p

A flurry of buys after 9am