Member Info for schlemiel

T1 or T2, Telfer hardly makes any money and has become almost uneconomic which is what really matters. It is costing Newcrest money to keep Telfer going

nm

news in the system, surely?

'Let's see if'

9.7p bid

Let's if at this level profiteers arrive or if it triggers a spurt of new money coming into the stock. Technically, it's a breakout from an ascending triangle

'We know of no reason' RNS notification this morning. Eh ho.

Someone did mention the now infamous 12m (10p) DMA order was short covering by a market player. If so and we have no way of corroborating such an assertion, then it may suggest that particular player may have got wind of positive news to come.

Short GGP at your peril. Aston Martin at £18.50 was an odds-on short but not GGP even at our current valuation

I wonder, would the PMEs have been triggered if the 12m order had been filled in full? ie the buyer and the seller(s) had agreed to fill 12m at 10p rather than 9.8m at 10p and the rest 2.2m order left unsatisfied?

The order is obviously a single entity using DMA so we therefore know it's not a MM. What intrigues, because I don't have the insight or working knowledge of such matters, is why such demand (12m) could not be satisfied at lower prices throughout the course of the trading day using a MM?

It's annoying, because I for one don't understand how these things work in reality...gggrrrrr

Imho, Covid has ushered in a new authoritarian relationship between State and citizen. That means more monitoring, more government and more regulation. I'd be inclined to say that CV-19 will provide the State a mandate to accelerate the introduction of DMS, occupant monitoring and other vehicles technologies that allow the State to monitor movement (CV2X) but that's just my opinion

Friday's price move and the 12m DMA order at 10p (which didn't get filled by the way so he may come back for more. I think partially filled orders remain on the book until either filled or removed though I could be wrong) and the stonking UT we saw is imho such a bullish signal. I wonder if 10p could become the new base?

Let's see what happens on Monday. Will we see profiteers or will the hefty UT prove to be a bullish trigger for more price gains? Or maybe a sign that news is filtering through.

I wouldn't mind finding out the identity of the order book participant (12m x 10p)

https://www.carexpert.com.au/news/whats-next-for-ancap/

In 2018, ANCAP also harmonised its standards with its European counterpart, Euro NCAP. That means when Euro NCAP standards change, ANCAP’s do as well.

This year, for example, both authorities made numerous testing procedure changes, including a new, moving barrier for the frontal crash test and new testing scenarios for autonomous emergency braking systems. There are more changes still to come.

ANCAP is following Euro NCAP’s 2020-2025 roadmap, which the European safety authority published in 2017.

What’s next for ANCAP?

''Driver monitoring systems

The safety authorities want to incentivise automakers to include driver monitoring systems that can detect impaired and distracted driving to prevent accidents.

ANCAP currently awards three points for occupant status monitoring. Two points are for seat belt reminders while one is for the presence of a driver monitoring system that defaults to being on at start-up and can’t be turned off with the simple press of a button.

For 2022, it wants to expand assessment to include systems that detect the driver’s state and warn of hazards while intervening if necessary.''

Most nominee stocks are held at Computershare UK and another company but I can't recall who they are

If you're gonna place a sell limit order then be careful. Paddy is correct. Place a price way above the current market price to prevent accidentally selling the stock on a price spike

Q:What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.

There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. And don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps :D.

Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.

In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.

https://www.contracts-for-difference.com/Borrowing-lending-shares.html

https://twitter.com/_JamesNesbitt/status/1263150585974525952/photo/1

But while gas industry chiefs have welcomed the focus on the fuel, they remain very wary of the price target.

"I’d love to be able to sell $4 gas and make a margin that made it worthwhile to do that but we can’t because it doesn’t exist today," Santos chief executive Kevin Gallagher said.

"I’m concerned when we put numbers into the public domain that drive rent-seeking behaviour, and we’ve seen some of that of late."

Origin Energy chief executive Frank Calabria called the $4 target "aggressive", with no evidence it is achievable, and called for care to be taken that the push for competitive gas prices didn't come at the cost of one sector versus another.

"What we need to make sure is that the understanding of the cost of that gas can be economically developed at is one that is sustainable as well, and not an assumption that can’t be met," Mr Calabria said.

"The assumption around $4 gas is very aggressive and there is no evidence today that people are able to bring on incremental developments, put the capital at risk and so forth at those prices."

Still, Mr Bell said $4-$6 gas is what manufacturing needs, and pointed to the taskforce's findings that 3 per cent of Australia's LNG export volumes available in the domestic market would unlock hundreds of thousands of high-paying jobs for Australians.

"So with the budgets that the government has got for the COVID-19 stimulus, there is probably provision in there to work with the gas industry and manufacturing to put in place transitionary measures." he said.

"The gas belongs to, and should be managed to the benefit of, all Australians."

Pipeline owner Jemena warned that the figures of $4 and $6 for gas should be approached very cautiously "as achieving them in the short-term via market intervention will risk stifling medium and long-term investment in new gas sources and infrastructure which will ultimately lead to higher prices for customers".

The taskforce's draft report says a final presentation of recommendations is due in the middle of June, while advice from the Commission to government is expected to be provided on a rolling basis.

end

RG - there u go -

Gas action plan sets up clash over price
Angela Macdonald-Smith May 29, 2020

Engendering most debate in the draft report from the National COVID-19 Coordination Commission's manufacturing taskforce is the $4 a gigajoule price target for gas delivered to manufacturers on the east coast that it says would deliver a boost of up to $20 billion or more in direct GDP, and up to eight times more on the broader economy.

The manufacturing sector could deliver up to 170,000 well-paid jobs in energy-enabled industries and up to five times more jobs in other related industries, said the draft document obtained by The Australian Financial Review.

The "three-phase" journey towards low gas prices involves an initial phase that includes scrapping the moratoria on onshore gas in NSW and Victoria, enforcing "use it or lose it" rules for licences over gas fields, imposing a gas reservation scheme for the Northern Territory and the east coast, and potential fast-track developments of projects in the Beetaloo and Perth Basins in the NT and Western Australia, respectively.

A second phase, targeting an initial reduction in gas prices to $6/GJ includes government underwriting of new gas supply ventures, "revisiting" rates of return on pipelines, and government taking "active, participatory role" in strategic pipelines.

The third phase, aiming for the $4/GJ goal, includes "proactively" attracting foreign investment in gas-using industries, coordinating with hydrogen developments and setting up an "evergreen" taskforce between the Australian Energy Market Operator and the Australian Competition and Consumer Commission to manage implementation and send "clear market signals" on prioritised basins and pipelines.

The manufacturing taskforce's findings are being quietly circulated among industry and stakeholders and will be considered by the National COVID-19 Coordination Commission led by Nev Power before it compiles its report and recommendations for the government as part of the national recovery from COVID-19.

Federal Energy and Emissions Reduction Minister Angus Taylor said gas already plays an essential role in energy reliability, but it could be even more important through a gas-fired recovery.

"We want to have demand for affordable gas matched with priority upstream investment opportunities to bring gas where it is needed and provide economic stimulus," the minister said.

"The government expects new gas generation backed by programs like our Underwriting New Generation Investments program and the $1 billion Grid Reliability Fund to help stimulate gas investment, lower electricity prices and create local jobs."

cont.......

ITg - cheers mate

Erratum : 'without going to market'

C19 - That's great insight fella. Those subtle indicators reveal so much, as you say, the market will take a hefty line of stock with going to market just below bid, it's very bullish indeed

thanks

https://mobile.reuters.com/article/amp/idUSKBN2352AF?__twitter_impression=true

Someone did say today (can't recall the poster, apologies) they were quoted for a 10m sell..if that's the case then today's eod price spike would indicate a significant buying presence in the market. The question is, why?

Sorry about that ruprah. I forgot about LSE's 'all-seeing' monitoring of the boards

tks