Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Much quitter day,a lot more buys than sells but they don't feel any pressure to raise so I'm guessing the warrents are still being offloaded..Wouldn't be surprised to see another TR1 from MTR either.. We shall see if things hot up this afternoon because trading time is short before the update and ASX suspension lift.
Live price 4.22 to buy 3.91 to sell..Wide spread that.Normally you would say they have a lot of shares in hand but that cant be true.So they must still be working a large buy for MTR at a limit price..Surely that's the only explanation.
like a *****s draws at the minute...Yet buys are really outstripping sells and they have done for quite a while.Just were are they getting the stock from??? They should have run out ages ago..Surely they cant hold it much longer..
Yes sounds like it is going to be good..The only note of caution I would say is that I trade quite often on the asx market and it is very different from here..They suspend stocks very frequently and sometimes for reasons that seem pretty trivial.They are quite keen on avoiding manipulation something they don't worry about over here..
That is why I have so little faith in the regulators of the aim..To coin a phrase they are all ****** in the same pot..In this day and age of modern technology there is no excuse whatsoever for not reporting correctly..We know they do it,they know they do it and so does the regulator.Yet they are allowed to get away with misleading people for there own profit...
Yep... They can disguise it on stocks with massive volumes of trades but it was pretty obvious what was happening today.Of course MTR may still be buying tomorrow as well..Nobody likes seeing the share price fall and it may sound strange,but today is one of those rare days were I've actually gained more confidence with a 6% fall than a 6% rise.. They are having to work hard to fill MTR's orders and a big jump will then follow.. I also suspect we won't get any update until they have finished..
The spread here is ridiculous at the moment..The last thing they want is the humble pi to buy anything..They are obviously working a big buy order at a limit price and no prizes for guessing who for, and they cant get the stock to fill it..They cant raise the price to tempt sells as that means they cant work the order at the required price...So they are just sat there funnelling the sells into a big pot until its filled.. Short term its frustrating as we see the asx market surge ahead while we appear stagnant but longer term its great news as its a bigger percentage of stock that wont be traded on spikes..Gives us a hard firm base for when news does hit and makes it less of a trading share... Those of us who already have our positions and just waiting for it to play out are in a very very good position imo...