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We started the day with a spread of 5.9 - 6 1, however last night left us with an UT of 6.24 which has thrown the true increase today off a bit.
Currently showing as 4.17% up for the day but based on the real price of 6p, we are actually up 8.3% for the day!
In summary terms:
5 out of our 8 MMs want to sell to you for 6.7 at the moment and the other 3 are holding it back thinking it should be cheaper :)
Each row is a different market maker and their ask price for 50,000 shares in this case. It gives you and idea of what price they are happy to sell you shares for. In this case the cheapest on offer is 6.5p so you will get quoted for up to that price when buying.
Once everyone wants to sell to you for more, it ticks up to the next lowest or will go down if people aren't buying, to tempt you to buy cheaper.
Usually when a share is at about the price the market thinks it should be then all the market makers hold the same price for the ask
Hope so mornington!
If the buying pressure keeps up then MMs L2 ask price certainly supports it:
6.5 50,000 08:08
6.5 50,000 08:09
6.6 50,000 08:08
6.7 50,000 09:44
6.7 50,000 09:57
6.8 50,000 10:00
6.8 50,000 10:23
6.9 50,000 08:08
If we see another rise this morning we have hopefully found a new bottom of 6p and it's all up from there!
The UT from last night certainly puts a dampner on the opening price!
Can't believe it's only 8 weeks until April! Should I start getting excited now?
Lex,
Imagine her disappointment when she finds out you are talking about money =)
Trades going through at 6p now including a 15k buy for 6p.
Only one MM holding it back at 6p and the rest are on 6.2/3/4
Should be another good day!
The dates are so close now that it doesn't actually really matter about the African income anymore to me. They are just a nice to have.
The BR sale should be large enough to keep us exploring for years afterwards and they will probably both arrive around the same time
Tomorrow morning would be a great time for an amazing RNS to kick us through the 6p barrier as we were almost there now
Not seen any of the large sells these last few trading days which correlates to when the sp started rising again and has me hopeful!
Hopefully we see a little break out after 6p+ up to at least past years highs which we should have been working up from!
Feels like a buy order might still be working through.
Can't buy anything over £1000 for a cheeky payday top up
The RNS states that the placement of warrants is complete, not a buyer.
Still great news as shouldn't get held back by them now. We gained these last 2 days along side them!
Fyi, also sell (warrants)
Recent Share Trades for Alien Metals (UFO)
Date Time Trade Prc Volume Buy/Sell Value
28-Jan-22 12:00:06 0.901 300,000 Buy* 2,703 O
27-Jan-22 16:20:22 0.7912 25,000,000 Unknown* 197.80k
9.52 trades are deffo sells (warrents)
Lower trades at that time we're around that price. Higher price (buys) we're about 0.2p higher
If they are all buys, with us being such an illiquid share right now why didn't this shoot right up? We seem to still be down for the day :(
3cb it would just be a case of great organisation to multitask. They can get the Assays back for ascot and continue to smartly drill, whilst the others come back and fill the time. Otherwise smarter drilling is on pause for other Assays or they will shoot into the dark.
Everyone on this board knows the share price is a bargain at this price, if they don't want any more then I'll happily top up monthly for them so not too bothered about it shooting up just yet, he can keep those Assays on ice for me! Good or Bad.
These 2 in particular have me really excited!
Looking forward to another potentially blue day due to how late the RNS was posted yesterday, especially reading about how the chartists are looking at this from other posts:
· The mineralisation intersected in BRDD-21-035 is amongst the widest and highest-grade copper-gold intersections recorded to date on the Bushranger Project.
· The Ascot prospect appears to be enhanced in gold compared to the Racecourse deposit, suggesting that Ascot is a separate mineralised porphyry intrusion to Racecourse, further enhancing its potential.
Looking at the price and time of the large transactions, looks like they are buys and the price was brought down to accommodate them. Wouldn't worry about the drop it will be back before June
Took a things from this:
'You don't need a degree from harvard to realise that the geophysics in ascot are the same as bushranger'
'Hoping to have all grades confirmed by April ready to update the models and get ready to present.'
'It will be for the buyer to find out just how big ascot is'
If they only sold half the gold produced, do you think they are keeping some aside to make those less great months more consistent, or just waiting to sell and probably get it out next quater?