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Some of the late sales suggest the traders think they've got a few days action elsewhere before coming back to Vast at what they hope/assume will be a lower price if we don't get the RNS early next week.
Presumably you got a price that was lower than the mid-point at the time of your trade? If so LSE would interpret that as a sell. However HL knew it was a buy & their platform algorithm is possibly more sophisticated & calculates the 'true' mid-point based upon what the MMs were offering.
I can't think of any other reason, sorry.
rob as I explained yesterday, the only person who knows if the trade was a buy or sell is the trader & their broker/platform. The information regarding the nature of the trade isn't reported, just the price & volume.
LSE; HL etc. use an algorithm which compares the trade price to the quoted spread & mid-price at the time. As each platform has their own system they will view trades differently hence the variances you've seen. Also as you will have seen yesterday LSE showed a number of trades in grey because the price was exactly at the quoted mid-point, thus the algorithm was baffled, as it needs there to be a variance from the mid-point. So why do buys get reported as sells (and vice versa), well you may have got a good price for your buy at below the mid-point, but the algorithm doesn't know that. All it knows is the price was less than the mid-point so it will show as a sell. HL's algorithm might be a bit more sophisticated using data from the trades carried out on their platform & thus recognising that they're obtaining buy prices below the mid-point for their customers. In the past when I've bought in my HL account, they've claimed to have been able to get me a better price, whether true of not I don't know, because I didn't do a dummy trade on another platform at the same time
Sandy agree with your comments, particularly the fact that the first week of October includes Monday. So no concern if there’s no RNS until Tuesday morning.
IMO the sequencing is diamonds first, as I believe finance is conditional on the ZCDC agreement being signed.
It could be up to about 6pm on Friday Sam.
But they could log an RNS outside our conventional hours. If you look at InvestEgate you'll see RNSs from non UK companies at quite different times to the 7am we all look out for, or the intra-day ones which as we know are happening all the time
No the first week of October started on the 1st & will last 7 days like it normally would.
Personally I'd like the news before close of business tomorrow so that it gets picked up in the weekend papers, but I won't worry until 4:30 on Monday
Thanks for sharing your thoughts. May I ask why if no news today you're presumably selling on the bell tomorrow morning?
The RNS last week was clear in that the deal with ZCDC will be signed in the first week of October. Last time I checked there were 7 days in a week, which means close of business Monday is the deadline for that signing, not today the 3rd.
rob, please do your own research but my thoughts are whether the ZCDC news comes today; tomorrow or Monday that it will have a positive effect, as it will be the definitive confirmation that we can start diamond mining with a timetable for profits
As you say RP stitched us up with the SSGI deal. When we’re honest we all know having to sell PP wasn’t a good deal or IMO one which the company would have ideally chosen. However the noose SSGI had around our neck left little or no choice, because while they had the charge on the Romanian assets we just couldn’t progress any financing.
Sarah, just coming back to your point about your buys showing as sells. For the benefit of others who often make the same comment look at the trades currently showing.
The trade price of 0.33 is exactly on the mid-price, so the LSE algorithm is baffled & can’t allocate a buy or sell decision.