Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
disco, You obviously didnt read the disclaimer at the bottom of the e-mail that precludes you from divulging the information disclosed!
Interested to see what people consider to be long-term. I would consider anything over three years is long-term. I'm not a seller at these levels, and must admit surprise that the fan club has dissipated so quickly!
As I have pointed out before, the shareholder list is full of very loose, or short-term holders. Even Downing taking the stake they did, only mopped up part of that loose stock. A broker that does SFA doesn't help either. Time for the Directors to step-up to the mark! I'm not holding my breath.
A flurry of orders shortly after Noon, and a small uptick. Have they had a little mention somewhere?
There appears to be a significant amount of loose stock around, most likely from the placing in late 2013. Conversion of some of the loan notes has also been a contributory factor, as has the general short-termism of other "shareholders". I had hoped that Downing would have taken up much of the slack, but we may need another institutional shareholder to come in, and take a few more. In the short term I think the right price is somewhere between 11-15p. Anything higher will probably need another large contract.
I think the 1m trades were a cross, given the times they were traded at.
I think it's safe to assume that Downing got their holding from Peels, and that the Peel holding is now well under 10%. I would expect that Downing will have done a thorough amount of due diligence on PEG, and hopefully this will be seen in a progressive share price. At least some of the loose stock has now found its way into firm hands!
Sorry...0.125p turn
smudger, It looks more like a purchase and a sale, both marking at the same time. Looks like the lucky MM took a 0.25p turn! I have also had a reply from Rashida, where she mentioned an update would be in the week commencing 16th February.
I wouldn't trust or believe a word they say!
Interesting. They don't normally touch anything sub £20m market cap! It looks like they started buying on 21st January, as all the larger trades at 11.75p, come remarkably close to the holding they have just announced. It's a £10m focused fund with 25-30 stocks, which suggests an average £300-400k holding size. I wonder now may more they are looking to pick up?
I'm afraid your post makes no sense at all. I thought I had fully explained away the role of a MM previously, but given your post, I obviously didn't do a very good job. I'm not certain that I can explain it in a way that you will understand. Sorry!