Member Info for zeusfurla

I am watching the specific MM's this morning - let's see what they do individually.

Alfa I'm happy to add my name to the official complaint. Do you need any further info/details from me? How should I contact you? Thanks.

Jimbo Agreed - anyone looking in recent weeks at delayed trades wouldn't find it hard to see a repeat pattern of delayed buys. The timing of the post-market auction on 21st Dec is another factor for me. In the run-up to a holiday shutdown the scale of abuse has increased when perhaps scrutiny may be lower. My concern is that this may escalate even further if the regulator is seen to be entirely toothless. In any event if it takes a few days/weeks to investigate in a best case scenario the horse has bolted by then and the short held by MM(s) will have been resolved one way or another. Action for Bushies - don't sell whatever the SP drop - this will resolve itself with buying, good news or enforcement. Best wishes all.

Alfa
Just to add to others comments. In your analysis of Friday's trading activity, you have surpassed even your high standards. When you look at the TNCP trade of 232,780 and ask is it a 1 in 100,00 chance this to me is the decisive evidence that proves MM abuse. Other trading day analysis adds additional weight to the conclusion for Friday but this is the day that is almost irrefutable evidence. The chances of that number coming up are so statistically insignificant as to be almost 0. Not sure about FCA action but this confirms the current market in BMN shares does not reflect the true current value of the company.

Anna mentioned last month speaking at a Conference that there would be a regional news update pre-year end. Looking unlikely now. Also with PEA arriving in a possibly slower timeline than stated a couple of months back this could be tactical? Who knows? Looking forward to an exciting 2019 with lots more strong news flow to come after the PEA.

Alfa if it helps for analysis later - 44.2p to sell and 44.35p to buy at c15:40 - 10 minutes ago.

Despite the apparent large trades current price to buy 44.25p and sell 44.175p - not much different to 10 minutes ago.

Alfa

Yet again thanks from me for your terrific analytical understanding and de-construction of what is really going on in the markets. Invaluable insight for me into how the market works. I'd picked up some of what you uncovered but would not be able to piece it together in the skilled way that you can. It may well be true that vale will out in the end but the MM's sure make it difficult sometimes to get there. Inter-MM transfers interest me. On the one hand MM's co-operate with each other but are also clearly in direct competition with each other. I wonder if they have some unwritten code that regulates their behaviour?

Frustrated there hasn't been an update but the last one came on 31 Oct which from memory was the last date it was due? In which case tomorrow (or Monday am). If a holding RNS isn't issued I'd be surprised and disappointed. On the plus side, oil prices continue to slide which means a later-dated deal with 7E may be on better terms?

All resolutions passed although c16% against options and some others.

typo - S4 not S$ - the $ will come later!

S$ Good to see your daily reminder of good news back! I just checked back to see where I heard the comment that there would be regional news by year end and it came from the Conference Anna spoke at on 6 November - can't remember which one that was - time is running out but may be best to get the AGM out of the way first which must be round about 1am tonight.

Also reminded myself of Nick's webcast comment from end Nov on the PEA when he said that the mine cost will be 'extraordinarily low' for a mine of its type. Said alongside the comments on softer rock for block caving and making the point that investors are not grasping the full possibilities of Alpala yet.
I've made a small topup and am now in waiting mode for regional news and PEA.

volume sold is c2m only £70k - this is being pushed down imho.

hTTp://www.miningweekly.com/article/newcrest-raises-stake-in-ecuador-coppergold-developer-solgold-2018-12-18/rep_id:3650
Article in Mining Weekly re Newcrest purchase. Danile Morgan (UBS, Sydney) quote - 'the jury was still out as to whether Cascabel was Tier 1.' I think he may not be up to date with MRE2!
Agree with posters that this looks defensive. Newcrest can surely only afford a JV and not a buyout. Nick has already said he's against JV's. Which leaves BHP and Addicknt's helpful reminder about the failure to take up a board seat. If a bid is coming from BHP and they are not on the Board, I'd suggest this comes after the PEA. More likely than not to be approved by the Board if it happens as hostile takeout is too risky. Not sure Ecuador Govt would react to a hostile BHP takeover with their less than shiny S American history. Interesting times!

Endion Had a quick look back via HL site and looked more like a buyer building up a position than our tame seller - no doubt Alfa will provide the analysis later on! Would explain the upward pressure. Maybe one of the institutions that Fortune has been talking to recently?

jogj99 Thanks - that sounds a plausible explanation to me. If only BMN behaved like almost all other shares there would have been panic selling. But this board, TBP and much more savvy and well-informed PI's than the norm mean that there needs to be a separate algo just for BMN!

250k now at 44p 0n bid - same as offer - lot of upward pressure here.

Potential auction bids just appeared - 250k at 43.6p and 500k at 43.5p. Interesting.

As Alfa mentioned yesterday looks like MM's are battling for control of SP - competing buying and selling going on in the background?

JohnHenry Yes - just checked and still same message, closing trades only.