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Dimp,
Hargreaves Lansdown will receive 0.5% commission on the total allocation from the issuer as part of the Offer.
LL,
No trades in ALL were carried out this morning at those prices you mention. The first trade occurred at 8:01 for an 8k share buy at 27.68p, the second came in at 8:02 for 25k share sell at 27.2p. That is a spread of 1.5% (approx)
If you want to see real time sales for free try Google Finance
Musicman99_9,
Whilst there are plenty of short sighted sellers there are still no short sellers in SAV ;)
Bonkers,
LOM post-tax free cash flow of US$1.7 billion.
Thats after all costs associated with getting it out of the ground but priced at a discount to the current price of Spod which is $1400 (scoping) v $3500 spot price. so double it if you want.
Growthisall
The share price rises, like any commodity, if the shares available at the ask price run out. Then the shares available at the higher price are the next sold. If you were to look at a MM's pc screen you would see prices going from well below the bid all the up to and way past the ask.
Bomph
A Market Maker is just a shop keeper, he tries to buy low and sell high. Its in his interest that the stock he owns gets bought at a higher price.
Futurum:
The clear sign of shorting is when you look on a companies profile and see which short positions are held by whom and at what price. In the case of Sav ''There are currently no open short positions in Savannah Resources.''
There is also this, which just floated past my screen:
https://www.marketwatch.com/story/savannah-resources-shares-rise-on-subsidiary-signing-purchase-agreement-8f0c8b27
First I've heard of it.
Or to look at it another way, whats the point of an EV without a charger?
Charger is infrastructure needed for EV's. If you build it they will come.
Cloudbay, I just found this from Business Wire: https://www.businesswire.com/news/home/20220927005174/en/Piedmont-Lithium-Partner-Atlantic-Lithium-Completes-Prefeasibility-Study-for-Ghana-Project
Quote: ''Piedmont is earning a 50% interest in Atlantic Lithium’s spodumene projects in Ghana. This agreement includes an offtake agreement for 50% of annual production at market prices on a life-of-mine basis. Piedmont also owns a 9.4% equity interest in Atlantic Lithium.''
Are you saying this is not true?
The offtake agreement is simply that. It is an agreement that allows Piedmont to buy at spot prices up to 50% of the mines production each year.
Practical Law - Westlaw:
''An agreement commonly entered into in both the mining and the oil and gas context. Under an offtake agreement, a buyer (the off-taker) agrees to buy all or a substantial portion of a resource producer's future output (for example, minerals) from the seller's project.''
There are currently no open short positions in Atlantic Lith.
Currently there are no short positions in ALL (according to LSE that is, who are usually reliable)
I notice that of all their short positions, Blue Orca haven't shorted ALL. Surely if this company is the one that bribed the Govt. officials in Ghana then that is the one to short, not the company that only has a 50% off-take agreement.
https://www.theregister.com/2023/02/08/us_and_eu_critical_minerals/
Price was at .11/.115 when those shares were traded .105 so a sub price sell then, not a buy.
Someone clearly has massive confidence in RBW. to pay over GBP 0.65m.
Including the CEO who just added to his own holdings with a 450k share buy yesterday.
It is all encouraging.
Anyone know when exactly this is being listed on the ASX?
It climbed steadily from 70 to 94 then tanked back to 80, so thats actually a gain (so far)
I never pay any attention to rags that are distributed for free. They tend to print anything that garners clicks for ads