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Read my 9:04

That 35k shares buy just in isn't mine either! lol

Tenders are indeed in GBP Pounds Sterling £1.1 billion (at time last announced)

Haha NOT mine! I was just saying it was a nice big buy this morning!

Morning. £1.1bln contracts - dream on - I wish! I think its probably dollars not pounds and also is tenders not contracts but nice thinking lol I thinking maintaining the dividend is good enough considering the forecast profits and will be spoiling us. Not going to build expectations beyond that.

Nice 50k buy

The were visible on the LSE orderbook on level 2 all day waiting/hoping someone would want to sell at 63p. They were finally filled this afternoon. I tried to buy through the orderbook myself a few days ago but there are very very few trades on SHFT by Direct Market Access. Almost everything normally goes through the Market Makers. These guys got the deals they wanted eventually. It was 15k (5k & 10k) for £9449 and a buy order for just 1 share got left behind so I don't think it was a transfer. If you sell and then buy you wouldn't get the same price - these would have been sold and bought simultaneously in auction hence the uncrossing trade (UT) status. But I take your point.

The 2 orders on the orderbook have finally been filled. One was to buy 5K shares and the other to buy 10k both at 63p. Weirdly 14,999 of them have been satisfied, leaving a buy order for 1 share still on the orderbook! You'll see the transaction as the UT deal for 14,999 at 63p. Strictly speaking this is both a buy and a sell as someone else (or perhaps numerous people) had to sell 14,999 shares to allow the buy orders to be filled. The fact that it appears as a UT trade suggests that it was all done in Auction I think. Someone correct me if wrong please.

thanks lol

I'm not going to pretend to have the foggiest. The wide spread is stifling trading though. The MMs make their money though transactions so I never understand why they choose to make a share's market illiquid. If they were working a large sell order, at say 62p, I would expect them to eventually drop the Ask a bit to offload the shares back to the market at a profit. Not really happening though. I'm getting quoted 62.55 to sell 4k so still way above the MMs Bid. Buys have been going through at around 64 or just under so real spread looks to be around 62.5 to 64. If they published those numbers I would imagine trade would be a bit more brisk. Perhaps they are just nervous as they've no idea which way its heading next, or maybe they expect it to head up late afternoon and are trying to hold a few shares in stock, or maybe.... too many possibilities to think about to be honest. Whatever the goal all that's happening is trading has slowed right down and the price is pretty static. Don't be impatient though, if we can consolidate and hold around these levels that's a good stable rise for the day. No real volatility - just a nice little re-rate. Fingers crossed. Enough waffle from me, over. lol

Just to complete my earlier post re AGD; I see that in fact SHFT DO already count Anglogold Ashanti as a client as we are working at their Moab project.

61.75 to sell 4000 (Market Size) so real spread is way tighter than MMs are showing. All this does is slow down trading - the exact opposite of their role!

You absolutely could be right. Can't argue with you. But since the market size is 4000 shares, that SHOULD be the best volume to sell at to get the best price available, and selling off in smaller chunks means more transactions and therefore more commission fees. I did say "IF really paranoid and suspicious..." lol

Looks like someone selling off in 2,500 chunks. Just tickles really. Bit odd since the market size is 4,000, and therefore 4,000 would be the cheapest, best priced, and least expensive way to offload in chunks. If really paranoid and suspicious one could wonder if someone was trying to show lots of sell transactions in the hope of keeping the tree shake going. Or am I getting obsessed with conspiracy theories all of a sudden?! lol

Anglogold Ashanti are even BIGGER! $13.5 BLN turnover (2011). No idea if we've ever dealt with them before (?) but if not, and if this deal brings us into their focus that could be a great connection too. All good positive stuff long term.

Raising the Ask and not the Bid to widen the spread achieved the slow down in buying which eventually convinced people that the buying had peaked so the selling commenced. Tree shake achieved. Now to see if people panic and jump on the selling bandwagon for a while, or whether we quickly restabilise. Either way the MMs have managed to buy back cheaply at around 63.5ish ready to make more nice profits if we push north again.

...Randgold Resources have a £6.8 billion market cap and make close to $ half a billion profit on over $ 1 billion turnover (31 Dec 2011 figures), so a nice client to be in bed with going forward! Sorry if that's sounds rampy - just thought it worth mentioning

MMs have raised the Ask twice now since 64p without raising the Bid. Widening the spread. Possibly getting very low on shares but wanting to see if the resultant slow down triggers some selling at a cheap Bid to give them some fat profits. I'm not usually into MM conspiracy theories but this does look a bit played.

Well done, looking like a shrewd move! I always hate it when the MMs jack the price up on news before the gate opens bought I'd have been tempted to get a top up in if I'd had the cash available. I'll have to watch now and see if any dips present themselves. I'm very invested in this anyway so I really shouldn't be greedy. Do you mind me asking what price you managed to get?

The nice thing about this announcement, although we have no idea of its value, is that, it announces a new deal commencing immediately, but still leaves room for another RNS to announce that the main shaft work has been negotiated. Which, assuming that all goes through, means more good news is along soon, and whilst the market will already know its coming, its still good to have continued good news RNS announcements and exposure to keep the focus on us.