RE: Mako Gold10 Apr 2024 01:46
LoL, Maidit308 : That's the best news I have heard so far in my days on this website. You see, I have been watching the TRADES every day and testing LIVE PRICES for RRR in my stockbroking account. I POSTED that to SELL is getting HIGHER from the MM's, end of Tues, 9 Apr 2024 at almost the close of trading day. I ALSO TRACKED THE MON, 8 Apr 2024 BIG BUYER of 31m in the morning and then in the AFTERNOON, two buys of 29M & 50M,---------each very close together. To me, that is not norm. Why? One is taught never to buy in quick succession ie within mins, but to take it slowly. SO, LOGIC SAYS, WHAT IS THE RUSH FOR? LOGIC ANSWERS: ITS BECAUSE RRR RNS's are now -----------DUE--------especially for RRR AUSTRALIA and now I have posted on the Kenya Mining Law amendments which does indicate a more friendly govt. Of course, to get in investments, any country has to be FRIENDLY towards mining juniors etc. So, that is also positive.
A NEW DEVELOPMENT: I think that the CALIBRE was NOT GOOD enough to get GOALS KICKED INTO our RRR football net.If they had sent some SENIOR Analyst, at Director level who has also a MBA to boot, then maybe, they could take on two posters on this forum who decided to join the DEBATING SOCIETY whilst other kids were not interested. Other kids would prefer to seek more sporty activities. The debating society HONES skills of advocacy etc and ability to p;ick holes in weak arguments be it on any academic topic etc. Then, there are posters who understand valuations and have not only academic knowledge but experiential as well. So, this TWO WAY ding dong could go on for the next 1 year and there would still be no progress. SO, I AM NOT SURPRISED THAT AFTER TODAYS COMMENTS ON THIS FORUM, they have given up and rather ASK FOR THE SHARES THAT THEY NEED. Everyday, shares are needed and I did a DUMMY SALE and found that MM's will TAKE AT 1 GO, MORE THAN NORMAL MKT SIZE [NMS]. That REVEALED THE MM's POSITION ie PREPARED TO INCREASE SELLING PRICE, TAKE 1 SELL AT ABOVE NMS. ITS A TIGHT SITUATION. Why? If they issue MORE SYNTHETIC STOCKS, they could get CAUGHT on any RRR RNS to come. SO, ONLY SOLUTION IS TO GET THE SHARES. I DID SAY TAHT IF THEY ARE IN HOT SOUP OVER BALANCING THEIR STOCK BOOK, THEN THEY WILL HAVE TO ASK THE LONDON STOCK EXCHANGE TO SUSPEND RRR SHARES so that the LSE will close the books or else no one will get adequate delivery. OR THE LAST SOLUTION WILL BE TO PRICE SELLS HIGHER SO AS TO DRAW STOCKS ------------IN SHORT, THE MARKET HAS BEEN CAUGHT SHORT OF STOCKS AND THAT IS WHY WITH NO RNS==========3 DAYS OF RRR UP +14%, +18% AND +3.07% WHICH IS NOT NORMAL. THE CAT WAS OUT OF THE BAG for anyone who watches the market closely from experience. ---------RE:AB -that is why they have been going on and on but nothing works. My view is that LET THE PRICE BE MARKED UP TO GET SELLERS.----MOM'S AND POP INVESTORS WHO HOLD 85% OF RRR WILL AGREE WITH YOU AND I [& HawaiFiveO ie NO ISSUANCE, PERIOD.!!! MKT HAS TO BUY FROM US HIGHER.