Member Info for mattlilly

Oh dear Dog...and you were doing so well...

You might get your wish this afternoon magoo...keep your finger on the button....can currently buy 30,000 for 34.345...

Sound...

Gold has bust through the bottom of the Bollinger Band, presaging a huge rebound...

Down almost 2% at one point...

Silver was down 6% and copper 2%...

But US markets still being thumped...the Dow has fallen 1800 points since last Friday (0ver 6%)...

We saw something like this in March...investoers selling anything to raise cash in the US because they can't or won't sell shares without a bloodbath...

SOLG doing quite well fun the circumstances...quiet day really...

Rio doubt Nick is waiting for a better day for a blockbuster RNS...Porvenir...Rio...PFS...?

Steve...I can buy 30,000 at 34.85 (full ask) and sell 400,000 at 33.9p...lets see what happens this afternoon...off for lunch...

The LSE quote above is way out of date...they've been 34.2/34.85 for 15 minutes at least...

What's happening to LSE...share chat freezes every morning...SPs out of date...?

KAZ is in effect being 'taken private':

"Nova Resources is a company owned by a consortium comprising Kaz Minerals Chair Oleg Novachuk and Non-Executive Director Vladimir Kim"

Which just goes to show how undervalued copper miners are in the current market and in prospect of the EV boom...

UK has a policy of no new non electric cars after 2035...China is even more ambitious with the same target by 2030...

"The number of EV charging stations in China is growing rapidly. In January 2019, the Chinese Electric Vehicle Charging Infrastructure Promotion Agency (EVCIPA) reported 808,000 EV chargers in China (an 80% increase in one year). "

In the UK, if we suddenly went on an EV splurge the charging and infrastructure would be completely overwhelmed...

The world needs copper now...Tier 1 fields are at a premium but more important to SOLG, the worlds gold mining resources are now down to 9 years...SOLG will be mining gold from the get go in 2025...could a major bring Alpala into production even quicker...?

Ah jerry...that may explain why they keep trying to take it down...like right now...banged down to 34.15/34.85

And surprise surprise they'll take 400,000 off me but it's full ask for 30,000

I think this explains it 1plus1...they're trading against the market...

"The spread is how IG makes money, specifically through customer trades that "cross" the bid/ask spread. There is a "commission" charge that comes into play when one is trading CFDs, but it is added to either side of the market spread, and there is an actual commission for every share-CFD trade. "

Its a bit like VILX...you get a quote to buy or sell and can easily deal in millions but they simply hedge it against VIX prices offer by BNP Paribas...so they make their money on the turn...

So you were quoted 36p when the Quote was 35.9..,.IG could potentially make £200 from that trade on a 'back to back basis...

And I wonder if IG are one of the 'backstops' when the MMS want to go short, or even a significant component in the end of day auction for the UT...?

Hi 1plus1...very interesting...I thought IG was a spreadbetting and CFD company...

Maybe they're trading on their own book in SOLG shares..

However, in the time between me and you posting, normal service has been resumed...

Current Market quote is 35.25/35.6, but firm prices in NMS is 35.35/35.6...

I still think the market in general is short of stock...

Volume is low and they're still mainly buys...

Re earthling's comments earlier today...

I can't think why a major would wait for the PFS before making a bid...they can guess pretty much what its going to say and they'll do their own due diligence in due course, but...

Every day they wait runs the risk of more and more, better and better, regional news that pushes up the likely exit price...

If SOLG were worth 45p to BHP in the past, when only Alpala was known about and the other prospects were little more than names on a sheet of paper...then you add in what we already know about Porvenir (they can do the sums just as easily) and the 'sleeping giant' Rio...the exit price right now cannot be less than 100p...

Who's interested and why are they waiting...

The only sensible explanation is that their cash and assets on their balance sheet; and their borrowing powers remain the same, but ion the market tanks pre or post 3 November, the price of SOLG may fall back in line with markets and a temporary copper price setback...

But then the other side of the coin is gold...if US markets tank, what are the chances of gold retesting $2073...

Oh what delicious speculation...

AIMO as usual...

So the MMs tried to take to down for 20 minutes...picked up 46l shares but got hit for 209k in the process...

I can now only buy 1 share...yes ONE share for 35.84p but sell 100,000 at 35.38p against a Quote of 35.6/35.9...

This is unheard of...the suspense is killing me...

You're right Lafitte...it wasn't Poseidon, but I remember that well...I was at Uni when that broke...

Ah...the Nokia brick...the ultimate status symbol for wet behind the ears jumped up Essex wide boys...

When I joined the firm in 1980 I had a 'ship to shore' phone in my car which `i could detach and carry in a very heavy brief case...

https://medium.com/glossy-archives/in-1978-behold-the-business-promise-of-the-telephone-45a9f87df750

I don't mind playing support to Margot Robbie any time...

I had my trousers taken down on the floor of the old London Stock Exchange (you'll understand the significance of that0 in 1982...

I was running the Leeds office of a major London Broker for private clients and broking Gilts and money for institutions...

We had a direct price feed from our London office which came on something like the till roll you get these days...

Could keep you amused for hours...not...I shall never forget the day I read the Poseidon price spike on that paper roll...

But they're trying to take it down again right now...but they're spoofing IMO...35.75/36.1 but 35.87 to sell 100,000...

Correct Rog...34.60/35.25 was the lowest quote...and they've had to take it up agan...

Last time to buy sub 34p was last Thursday...

Nice to find a fellow client of II arsenal58 (manu57 myself...)

Similar experience for me right now...

No problem dealing T20 in any stock for any size...Trading portfolio value £68k...available spend £15k...but Account Trading Limit £55k...they certainly want our business...

I have considered moving from HL from time to time when I have a niggling problem such as losing out on a good price for a switch because ForK takes so long, but I can speak to a Manager and always find them helpful and constructive.

Meanwhile I virtually never have a problem dealing except for market constraints like this morning and if I sell a SETS share in my ISA, I'm able to reinvest instantly because the processing is so slick...and electronic of course...

But right now, its the market that is happening...

Current quote 35.7/36.1, BUT price to buy 30,000 shares is 36.2p

Price to sell 100,000 35.8p

That's VERY tight..and surely very bullish...when the MMs are running this tight its usually because they're pretty nervous and don't want to get caught short...literally...

AIMO as usual...

Moving sharply now...

Meanwhile, can I repeat colonel...all my trades are electronic...the old concep[t of a 'broker's gone (when I used to take all orders and deal them by phone...indeed when i started as a Stockbroker, we were still using a paper price feed...)

If I want to speak to a person I can, but they can't get me a better deal than I can online because Regulations mean I have to be offered the best price for my bargain size...

II is huge...here's a quote from April 2020...

"That has helped grow assets under management from £3.5billion to £36billion (after the Share Centre deal is done) with customer numbers now above 300,000, making it the second largest private investor broker behind FTSE 100-listed Hargreaves Lansdown.

And the coronavirus crisis has created the most work for Wilson's staff during its history. He says trading volumes are two to three times higher than normal and Interactive Investor is signing up record numbers of new customers...."

Cheers