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Hi Q yes I have read quite a lot about algo trading and the proportion of automated trades is said to be as high as 80% and rising in the USA but of course it is the ability of the human programmer that is inputting the complex code that now keeps them one step ahead of the next trader..there is always going to be someone quicker and smarter and indeed in every walk of life !! But enough said we will just have to wait to see how it all pans out
I dont think you are right Q if you will not accept that a professional trader/hedge fund/broker cannot flood the market with small sells to hold the price whilst they come away with a lot more shares than they sold..the evidence is right in front of your eyes..however each to their own and probably best left there
It always makes me laugh a bit when at the end of each year when there is not much to fill the finance pages they ask different financial instis to give their opinion of where the market is going to end up at the end of the next year and from top to bottom the spread is usually quite wide so every year someone has seriously mis judged the market and presumably subsequently misinformed their clients !! Lol
I know this is a point of contention for many so you can only go with your own thoughts but at the end of the day the auto bots are pre programmed by humans so I think it is very easy for a number of small sells to constantly knock back any attempted rise in the sp
It is not unusual for the spread to close and widen on any given day but a mm will use that spread to suit their needs whenever that might be..if you look earlier on there were some circa 500000 shares went through at a similar price but certainly no panic or indeed any unusual movement albeit not one lump
Morning Quady , the point I was making is it is rather subjective..I personally saw it as a fail as I think the market interpreted as such..they offered but could not agree on terms which to my mind was a fail and resulted in a delay in raising which had a negative effect on the sp..but my thoughts only and really does not matter as it is done and we have moved on
Given that Solgold clearly offered a " olive " branch to the big 2 in as much as you can provide the next finance for us just as long as you pay X pounds and they turned it down surely that has to be seen as a fail particularly as the wider market were made aware of that fact and they subsequently went down the royalty route but hey regardless of how anyone views the events we have what we have now
It would not surprise me if ALL had given an extended timeline for mining licence to be on the safe side but given the simplicity of the project, the professionalism of our outfit and the desire of the Ghanaian government for us to move things forward we could be well ahead of that date H2 24
It is nice to see NM back in control lol as if he ever went away .. he once said Cascabel would be sold at the right price..if not they would take it to production so nothing has changed there at the moment..as far as the financing was concerned I am sure the 2 big boys were given the chance but at a certain sp which they turned down and NM sorted it in his own inimitable way !! and they did not like it lol..well they should have paid fair value then otherwise NM will source the finance elsewhere which he is very good at
Q I respect that you are steadfast in your view but personally regardless of what the company says with so many invested wanting a liquidation of their investment somewhere north of current valuation I find it inconceivable that Cornerstone would agree to the merger unless there was going to be some upcoming event that would enable and facilitate that goal