Member Info for StarBright

Speculation is that Citadel are losing through the RH trades (although I can't immediately understand the mechanics of this) so have pulled the plug by "asking" RH to end the flow. It's a murky pond.

Thank you Max. I have some $30 May expiries as well, added in December. They've all been a little volatile today.

It would be ironic beyond words if something as ephemeral and baseless as the r/wsb phenomenon had a material positive impact on the portfolio of a dinosaur value-investor like me. I'm not counting on it...

Here you go Max. A present for you. I know how much you enjoy this type of "content"...

https://silverseek.com/article/silver-shorts-last-stand

For the absence of doubt, I am not endorsing this guy's views in any way. Shared pure for entertainment value..!

4% down..?

A recent headwind for PM's has been the rise in US long bond yields. When these go up, the opportunity cost of holding a non-yielding asset like gold or silver rises too. So we see sellers and PM prices go down.

What has happened over the last few days? Funds and other insto investors needing to cover equity short positions under attack by the r/wsb phenomenon (and it is a phenomenon, perhaps not a durable one...) have sold liquid equity holdings to raise cash. Risk-off has become the mantra, with speculative stocks like UFO marked down as a result. Falling equity prices heighten the safe haven appeal of US long bonds which attract buyers. So yields on long bonds fall (they are below 1% again now), lowering the opportunity cost of holding PM's. And - as sure as eggs are eggs - PM's catch a bid and see their prices start to strengthen.

All of this is completely separate from the real world, where industrial demand for silver continues to increase as discussed endlessly here and elsewhere.

My expectation is that the r/wsb phenomenon will blow itself out within weeks. Too many people will lose money for it to be sustained. When this happens, the shorted stocks will fall and margin requirements will be released. The funds selling equities today will look to buy back what they sold. Equity prices will rise, long bond yields will fall and around again we will go...

These are short term fluctuations. They are not relevant for investors in companies like UFO who (should) have longer timescales.

So holders should just hold...

Correct interpretation. If likely to be unpopular with the rocket-scientists here on LSE....

Old old news.

It’s like deja vu, again and again and again...

It was actually a stronger message than that. He said that we have created an industry producing lateral flow tests. He positioned it quite clearly as a strategic capability built in the UK with future pandemics in mind, in the same way that the UK has (re)developed its domestic capability to manufacture PPE. These are areas in which the government have decided we are going to be self-sufficient in the long run. Good.

Wyndrum - the German story about AZ vaccine efficacy in the elderly has been shown to be erroneous. https://www.reuters.com/article/health-coronavirus-eu-astrazeneca-idUSL8N2K061O

That’s a good RNS.

Probably Punit.

...in discussion on this board today. Too many posters reacting to what they want to see, rather than to the announcements themselves. Too much simplistic tribalism on display, even from posters who usually don’t participate.

This is not the confirmation that either tribe, rampers or derampers, are looking for. It’s a mixed and incomplete message - albeit one that continues to offer great hope - and that is what we are seeing played out in price action.

RNS today is good news for holders. It could have gone the other way, with a decision to suspend further drilling etc. That it hasn’t - and that the drilling programme is being extended - is great news. We can all be positive about this.

Good news is not enough in itself to drive a step-change in a company’s share price. Re-ratings occur only on news strong enough to attract new investors and their capital. Only when new funds are committed in volume sufficient to tip the balance between buyers and sellers will a new equilibrium at a higher SP be found.

This news isn’t having that degree of impact yet. That might change if the company’s broker is working hard with any interested institutions. News like this creates good reasons for a sales call. I hope they are out there selling the story now. There is also the webinar tomorrow, which will offer another opportunity and audience for the OMI story to be sold.

It’s a good news day. Holders need only hold...

No. 22,223 shares as per my original post.

A small order, remarked upon only because it is unusual to see anything at all in the order book.

Haway with you and your “knowledge” and your “common sense” Symbo1; it’s not welcome here.
. This is the magical world of LSE where market makers “walk the price down” when they “want your shares”. It’s ridiculous to suggest that the price will rise because there is demand. Get a grip man.

And private investors.

Not taken as rude.

It’s not particularly significant, hence I didn’t start a new thread. It just tells us that someone with DMA has entered a (small) order. UFO doesn’t see many of those - almost every trade goes through the MM’s. A passing observation, that is all....

For those who have level II access, there’s an actual live order in the SETSqx order book this morning. 22,223 shares @ 1.1

Investors should be aware that the most impactful news for ODX might not come by RNS in the first instance. If the “Sovereign LFD” project is real, I’d expect it to be revealed in a government announcement that will be made out of market hours - perhaps through one of the 5pm Downing Street briefings. The companies involved will then have a window within which they can discharge their own DTR obligations by RNS’ing whatever is pertinent to them.

This will be a carefully orchestrated process, designed to ensure that the government is able to maximise the news and political value of its initiative, whilst also ensuring that the companies involved are able to remain compliant with market regulations.

I was involved in a process with some similarities previously.

Read the post to which I was responding.

And stop opening new accounts. Multiple account posters not wanted here.