The Bushveld Perspective

Independent perspectives on Bushveld Minerals by private investors, for private investors.

As always - Do Your Own Research !

Newsletter

Keep informed of new articles - delivered straight to your inbox once a month.

Follow on Social Media

Trading Update – 5th Sept 2017

Trading appeared to open with a Sell of 100K – this was rapidly taken up with a Buy of the same amount only three minutes later – both of these trades were reported after an hour delay – again the MMs do not wish to reveal the presence of large trades in real time. After a short period when the Ask was increased to 10.5p trading continue primarily with Buys (albeit with a Bed&ISA pair at 9:40am) until 9:53am – when there were two consecutive Buys of 100K in the space of 4 minutes.  Again these trades were reported 1 hour late -what happened in real time was that by 9:59am the Ask had dropped to 9.75p – how come ?

As can be seen from the plot above Nett trades are clearly strongly favouring Buys over Sells over the whole day – even once the 400K sell at 4:29pm (that was reported only today – a day late) is factored in. We may hypothesize that there is a Sell of 300-500K yet to be reported that coincides with the time that the Bid was dropped. It will be interesting to see whether this happened before the 2x 100K Buys at 9:50ish or as a result of them – this may indicate whether it is the Buyer or the Seller that is initiating the big trades.  Either way it seems that a large Buyer and/or a large Seller is present but the MMs wish to obscure this fact by delaying the trade reporting so much.

Trading continued relatively slowly for the rest of the day – with Buys dominating Sells until the very end of the day when a 400K Sell was dropped in 5 seconds before trading closed.

The share price ended at 10.0p, flat on the day with a volume of 2.0M (1.1M Buys, 0.86M Sells). Further delayed trades expected.

This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer

Share:
TwitterFacebookLinkedInPinterestGoogle+
 

Thank you for visiting the Bushveld Perspective, an archive of opinions from many private investors and commentators on the subject of Bushveld Minerals, which it is completely independent from.

The Bushveld Perspective holds no responsibility for your investment decisions and information written should not be relied upon in completing specific transactions. In particular the content does not constitute professional, financial or investment advice & must not be used as a basis for making investment decisions.

The content only conveys the personal opinions of our contributors. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000.

When investing, you must understand the inherent risks associated with share trading and that you could lose part or all of your original investment. If you are unsure about any investment or financial decision, you should seek expert independent advice.

Permission is required should you wish to reference data or information from this site. By viewing this site, you agree to this disclaimer.

This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer