Member Info for Urraca

I'm not a market professional, so I might be talking rubbish, but i think I've seen someone say that if an institutin is actively trading a position, they don't have to report until they've finished their trade. As they trade in size, it can take time for them to fully execute their trade. If so, they might argue that they were in an on-going trade, even though it was going up and down through reporting trigger points. Or maybe they decided that nothing would get done anyway, and they wanted to keep it under wraps.

I can only assume that they have been selling as that is whay we have been seeing for the last ten weeks or so. It would be good to get a AtR1 for the other side of the trade, not that I'm holding my breathe. But hopefully, fingers crossed, this marks the end of the selling, and a better price can emerge.

Remember that the latest rally was sparked by a large financial,institution buying 15% of ALGW. That is both a large chunk of the free float taken out, and a vote of confidence that this company is going to go places. Still early days.

I would say that even if a MM is buying on behalf of somene else, they also are subject to reporting requirements, so would have to issue a TR1. But the issuing if TR1s relating to SDX has hardly been done in a timely fashion in the past, so its certainly not impossible that someone is just flouting the rules. The price holding in the face of relentless selling does rather look as if its being held to fill a very large order. I really hope we don't get a hostile bid, SDX is part of my long term plan.

Frag is right. Under 1m sells, just shaking out people who've made 10% in a week. And not that many by the looks of it. Any buying pressure will see this go back up.

I didn't buy on the Align recco. I'm just basing my target price on theirs.

I'm in for a small punt. Target as Align Research.

I think South Ramadan drill is due to report soon

And they gave you some inside info did they Graybird? Perhaps a plate of the finest hobnbs? Or just plain Lidl brand malted milk biccies? Sure.

Nurse! Nurse!

Really? That is gargantuan dilution in anyone's book. From 200m to a billion shares in issue? Gulp.

By free float they mean all the ones in PI hands. But how many PIs are holding tight? I am.

It's only just starting to get on to the radars of alert investors. But its still a miniscule microcap. The price isn't the issue. It's the difficulty of buying in any volume that's the problem.

More like 10mil now I think. The liquidity is coming from people hitting their targets and selling or top slicing. And it clearly is nowhere near enough to meet demand, which is propelling the price higher. Its going to have to be considerably higher before it reaches my ambitious and stretching target for ALGW though.

I'm amazed it's defied gravity for so long. But its deflated a lot since its highs. And still a lot more deflation to go.

There are only 106m shares in ALGW, and the free float seems to be getting tighter day by day. The spread makes it difficult to trade, getting back in once you're out even more so. Buy and hold for me. Any contract news will prove the model is attractive outside the States, and regardless of size more will surely follow. Sigma holding 15% of the company on behalf of a large financial outfit. Double digits on contract news no problem, and it will still be a tiny market cap.

Looks like my 3.5p target for the end of the week was way too cautious. Where's Stretchum?

A real opportunity, I think.

Big drop, against more buys than sells. May news come tomorrow confirming the Verbier drill isn't going to happen until mid Q1 next year?

Lol it's almost like they're getting desperate

They are worse than I was expecting.