Naughty Pumpky, you'll find thats 6.04% to 5.99% which isnt what you stated ("was @6.99% ;Now 5.04% from 2 May")
US focused but mentions RBW towards the end, published June 19th 2020.
https://seekingalpha.com/article/4354642-update-on-rare-earths-sector-and-promising-rare-earths-stocks-to-consider
The 1 trades are probably a ruse to enable them to keep the wide spread. These trades, at least the most recent, seem to be at the full asking price. Given that there is/was a stage managed transfer of shares taking place it would probably be handy to have an artificially wide spread as it helps disguise the buys and sells.
doublewhopper: do you mean this one ?
RNS 30th March 2020
https://www.investegate.co.uk/rainbow-rare-earths--rbw-/rns/interim-results-for-the-6-months-ended-31-dec-2019/202003300700079482H/
Fridays after hours trade (550k at 2.65) was yet another single protected transaction so it would seem the pattern continues . Interestingly, whether officially a sell or buy, the value of these transactions in terms of the price paid has been slowly increasing over the 2-3 months.
No Anton, it was crass and insensitive.
Nozzla: Mixed bag of buyers and sellers;
Metallon are new at 11.15%
Allan Gray have increased from 7.9 to 9.12 %,
Hadron have increased from 3.86 to 4.57 %,
UBS are new on the list 3.57%,
Hargreaves Lansdown are new on the list 3.87 %
Zion have a small increase 13.64% to 13.86 %,
RWC down from 4.3 % to 3.63 %
Capital Group not on list (previous 4.75%)
Baron Capital not on list (previous 4.64 %)
River and Mercantile not on list (previous 4.19%)
A few quid added to the pot, thanks to all of those that share their efforts.
Todays announcement should also trigger an update on the company website of the significant shareholders table. AIM Rule 26 requires an update not less than every 6 months, the list was last updated 7th Jan 2020. There was a holdings RNS on the 15th Jan and then todays with nothing in between, we found out today who's been buying but we should now also find out if anyones been selling (apart from Baron on the 15th).
Nozzla: see my post on Friday, these have been bought as a single protected transaction which is why theres been no TR1 until now.
The large after hours trades (most recent being 650k, 750k, 250k, and 250k) are being reported as "single protected transaction"
This is the defnition of this type of trade:
"T: Single - If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction, however, the market as a whole isn't told until the end, thus the order is protected."
https://help.stockopedia.com/technical-guide/prices/faqs/london-stock-exchange-quotes
So the stock exchange has been notified of what is going on and that, presumably, explains why no TR1 has been issued.
Georgian Oil and Gas Corporation and Frontera are partners in another company. According to the extract from the "November 2019 register, the corporation owns 50% of Frontera International Georgia Ltd, and the remaining 50% is owned by Frontera.
Frontera transferred another 50% to another company, but the public registry did not register the transfer of shares."
A little confusion here. Trind is referring to the large 16.37 trade for 471,272 shares at 27p (£127.24k) the other trade is, as commented by Ravenous and Trind, the daily UT at 16.35; volume of 617,759 at 27p (£166.79k).
Danker: I honestly dont know. My thoughts are that they may have been a transfer between two MM's at a pre agreed price. If sells then that volume should have dropped the sp, but it didn't. The cancelled 3.25M trade at 2.55 just confuses things further, you would expect to pay a premium for a large volume like this which, before cancellation, appeared to be the case. Over the last few days there have also been a number of trades over on the NEX exchange with "buys" appearing to be in the mid to high 2.6 range and the "sells" in the mid 2.4's, but progressivley they have risen from the 2.3's. Same pattern on LSE. Then there are the multiple 2 share trades over on NEX and 1 share trades on LSE ( I dont personally subscribe to the MM code theories).
Its all smoke and mirrors but it does seem to be being managed and the shares are going somewhere.
Elland: 700k at 2.42p went through at 16.36 (£17k)
Danker: I agree certainly feels odd, did someone press the wrong button. Anyway, something is happening in the background the shares are going somewhere but to whom and how many have they got ?
Yesterdays 3.25M after hours has been cancelled this morning, more smoke and mirrors.
Depends upon the status of the issuer:
https://www.handbook.fca.org.uk/handbook/DTR/5/1.html
"Aperson must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
(1)
reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R; or
(2)
reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with DTR 5.6.1 Rand DTR 5.6.1A R;
and in the case of an issuer which is not incorporated in an EEA State a notification under (2) must be made on the basis of equivalent events and disclosed information. "
And the plot thickens: after hours trade of 3.25M at 2.55 (that's £83K) gone through at 16.34.
Well thats interesting, from 16.21 to 16.24 there were 11 x 250k trades at 2.5 p (all Auto trades).