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Bill B they were both holders before the recent placing of CF's shares.
That went into HVO 10 minutes later and explains the quick jump there as well...
£132k sell in POLB that moved into 500k HVO shares at lunchtime, explains the jump here and drop there.
I think they have bought now as they are able to, I don't see a deal getting signed for a while yet, if they were in the last stages of penning an agreement they definitely wouldn't be able to buy.
There is also another closed period coming up, the one the Directors are all in prior to publishing Annual results, so they may have used this time to get in before that starts ticking, they were released on the 30th March last year.
The market obviously sees it as there will not be any imminent news and that is why Director's purchases although clamoured for by some, aren't always taken as a positive.
Well the Golden Cross has nearly formed now with the 50daySMA crossing above the 200day SMA, with both moving in an upwards trajectory. A good chart signal, so just need to see some news now to kick on from these levels.
Strictly, I think you are over-thinking things...
IIs had a demand, CF and BB had some shares, if it was already set in stone then they would have just announced a share trade with their counterparty(ies).
They obviously need to be fair to all interested IIs and so announced a book build with at least 14m shares to be sold (these will have already been agreed), during the book build other IIs could show their interest and take up shares at the same price, hence the extra shares taken up. CF and BB cannot just deal with the IIs they had talked to and not give the other IIs the same opportunity, this is why they had the book build. You and I did not have the opportunity because we are not IIs, but we have had the opportunity to buy below that price and I have been doing so...
I think he is referencing the revenue figure recently mooted by the Company.
In the last hour there have been 450k buys reported against a 10k sell, in fact the lst sell before that was at 1.30pm, nearly 3 hours ago.
Hi JCblue29,
Did you know when you click on a username it will show all their previous posts???
Let's just say if everyone does that do you think anyone is going to give you a response?
Hi JCblue29,
Did you know when you click on a username it will show all their previous posts???
Let's just say if everyone does that do you think anyone is going to give you a response?
There's another presentation tonight for HVO and POLB, hosted by Shard Capital.
I tend to agree, the drop today hasn't been anything huge, in fact, I could see us moving up into the close.
POLB has come onto a lot of people's radars and they will be looking to build a stake before any news hits....
Did anyone ask about other Directors buying? JS? Amryt Management?
The new customer? The major client is the historical client that stopped purchasing for over a year. (last RNS is, as usual, poorly worded as it states 'the new major client')
The new client wants 5k-7k tonnes a year
The prospective new customer wants a size similar to the historical major client, but SMG cannot cater for all of that offtake at once, at the moment and so are trying to work out how to phase in this new clients supply.
Someone else sells??? What the same amount that was bought earlier! Have a look at the sells and then the earlier buys every time it has spiked since coming out of suspension.
This has been pump and dump since they mentioned going for an RTO, just when they got suspended some of the traders got caught and turned into BB lovies until they could sell out (even then after getting others to pump the price up before they sold...)
Set the spread to put everything through as a sell again this morning....
Very quiet on the BB while the breakout is on....
As the significant client you refer to has been the major client for SML for a long time now, I think we are safe knowing they pay for their shipments.
More important is how they can accommodate the other potential major client, this year and increase the delivery for all clients for the future, as I would prefer they gear up and sell the stockpile in larger quantities in a shorter period of time, even if that means the earlier end of the Cobre cash cow. They need the revenues over the next few years to get the other projects to fruition (which they haven't been able to do on the shoestring revenues of the past year).
StrictlyZinc
I bought some this afternoon, as I think although it may have blown the wind out of the sails a little, it doesn't really affect the ongoing progress of the Company (which I expect to continue to be positive). There may be less demand from IIs for the moment, but the whole thing might put it on the radar of other funds, etc. We know we don't have long until the Results and there is plenty of time for more contract news.
It is entirely plausible there may be a holdings RNS or two, but the spread of the trades and the fact only 4.4% of the shares were traded and it looks like they went to at least 5 entities (probably more) there may not be any. If JPM wanted more then they are likely to need to do a holdings RNS.
I think this will blow over and for many that have left others will take advantage and buy.
The trades today were skewed quite a bit with lots of buys going through as sells, once people realise this wasn't a placing of new shares, there is no dilution, then they will start to be bullish again...
Results could be the answer (end of March last year), but also likely there are close to something, if the Amryt guys 'hit the ground running' and then POLB001 has been in play for a partner/licensing. Many possible reasons, we know the intention is there and we are able to buy when Directors can't.