Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
800k...was a BUY above ask
Time: 16:38:35
Price 17.1641
Bid: 16.75
Ask: 17.00
87,000
267,293
267,299
267,299
133,650
133,650
=1,156191
Tr1 inbound??
By my calculations jupiter close to 5%. They sold almost half of 35mil (11%) between last tr1 and end of close ystrday(aprox 17mil).
Thus, by now will be close to approaching 15mil that is around 5/6% -which subsequently they might possibly had planned to hold on to.
Afternoon should be interesting.
Gla
LSFO currently $403 per ton which is equivalent to 6.2 barrels @ $65.
Low sulphur fuel oil is up 43%
https://gcaptain.com/return-of-bunker-surcharges-possible-as-low-sulphur-fuel-spread-widens/
On the contrary I think MM's need shares...they need sells to fill orders.
So yes, they will manipulate cus wanted to buy that cheap stock themselves
Like someone pointed out on twitter..days gone we would have seen hug round figure sells into the rise. We clearly haven't seen that today.
@Icatterwell
I don't post often on boards, however after seeing your post was determined to do some extensive research after buying in yesterday.
Subsequently, I've calculated approximately how many shares have been sold since IPO. (MOSTLY MEAN OF LARGE ROUND FIGURE TRADES)
By my calculation was: (+/- shares SOLD between 23/03 - 18/06)
= 708,595,000
Prior to this after reading both lse and adfn boards. I came across an excellent post from 'sunshine today' - which I thought was quite an accurate calculation and summary.
I have copy/pasted below...
##################################################
sunshine today.
adfn chat board. 20/05/20
If an investor is looking to invest in any company, one of the first ports of call is the number of issued shares. This needs to be be multiplied by the current share price to arrive at the market capitalisation. SYME is valued today at £43M.If we knock off the shares that are not available to purchase, that’s the 74% main shareholder and the 3 institutions that have 5% each, we arrive at 11%,or just under £5M pounds worth.Of that £5M worth of shares most are tucked away with various shareholders and will not be traded. I estimate the true pool of tradable shares is about 20% of the 11%. That’s around a million pounds worth.If, as the company is currently forecasting,£250M of inventory goes onto the platform next month, and around £5M of cash is received, investors orders for shares will not be satisfied, at today’s price, in my opinion. A squeeze will occur pushing the shares higher. Most of the information available on the company today, bar any interviews, and RNS News items since, was in the prospectus. Those that bought into the placing were also anticipating the above,and for that reason were prepared to subscribe for shares at over 3 times today’s price. So long as SYME delivers, the future looks exceedingly bright.
##################################################
This..
Based on 'sunshine today's formula, bearing in mind the mcap was 42mil at the time of sunshines post and today's price/mcap and my calculations... intruigingly it's almost bang on the money!!!
11% of 32,755,000,000 = 3,603,056,000
20% of = 3,603,056,000
{{{{{} = 720,611,200 }}}}
Imho.. yesterday was the last of the dumping!
Sellers gone!!! ...(hopefully;))
Happy days:)))) gla
https://see.news/china-is-using-cubas-interferon-alfa-2b-against-coronavirus/
Thanks ells. That certainly gives confidence. Been worried with all the selling since I bought in @60. Did manage to buy a small chunk today to average down a bit. Looks good for a bounce next week. GLA
https://twitter.com/7ooteP/status/1266392178181525506?s=19
.. someone with L2 needs to verify this