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... that Birdie has 60.435M shares in Galileo. That's GBP 604,350 for every penny on the price. That's some incentive to achieve a much higher SP.
He dont need he multi millionere
absolutely right MM!
not sure I agree Thomas - people work to either earn money or have a sense of achievement and purpose. failing gives neither
Birdie also bagged a basket load of share options at 1.30p and 1.80p - so he cares!!
a word to the wise ...don't leave yourselves too exposed on this stock ...read back on bird history his word counts for nothing ..
good work Oiltap! I was looking at the £76 sell and down 0.6% and was thinking if I had a rummage around could I buy and make us blue. seems MM's want to keep hold of this a while longer
Oiltap - you wonder which II/s might have secured a toehold here in the recent placing.
This from earlier today:
https://www.businesswire.com/news/home/20200604005690/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Execution
Within the small print:
Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which INCLUDES ITS INTEREST IN SANDFIRE RESOURCES LIMITED (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division. Project Investments is focused on the development of its KEY PROJECT INTERESTS IN BOTSWANA, WHERE METAL TIGER HAS A GROWING INTEREST IN THE LARGE AND HIGHLY PROSPECTIVE KALAHARI COPPER/SILVER BELT through its interest in Kalahari Metals Limited.
Sandfire Resources have several huge strikes around Galileo's recently acquired tenements in the KCB.
Thinking logically, another placing is unlikely for at least another 4 months and in that time the mining licence should of been approved thus causing a spike to well over a penny. Hopefully!
if the licence comes .how longs it been now , was supposed to be 90 days , why need to raise money if its imminent … why raise money if the fabled glenover has a buyer . read between all the lines with bird!
I have indeed oiltap 12million over the last week since the fund raise ,after bird went public saying there would not be one a week before , I will still post on here good or bad as I see it and keep an eye on it as I do many stocks
you sold 12M shares?
started selling the next day after reading up and him going back on all he said ...not for the first or second time , cant invest hard earned cash on a guy like that
I hope you do extremely well with your investment in glr , im happy with my gain, like I said initially I looked on the bright side [glass half full] that's my nature but when someone deliberately deceives me ...as bird did us all and has before , then im out … hope it comes good and you make money
Hi Datacheck
For last two days those were Rooster’s shares were being churned. some of which you and I bought.
So it’s not placing shares that caused sp to drift south. Though he sold shares for 70/71/72 MMs didn’t sell for 73/74. I got it for 76. That means there is a fair demand for these shares.
the 5x I mill trades were .73.76 all sells I can assure you
the others were in 500k and 700 k blocks and achieved more , but couldn't be bothered with the odd . of a penny and unloaded the lot
I was thinking the same Phoenix In terms of demand......But by who? There's a few factors at play all together like placing reaction,placing shares being registered and Roosters large accumalitive sells, the latter which has thrown my original thoughts about sp reaction.....obviously like you say not all placing shares. I'm kicking myself as i never wrote down what I usually do in terms of volume and recorded buys vs sells in the morning vs end of day. I know its never an exact science but good for trending and seeing when the share hits bottom of the latest drop by behaviour of sp through the day. Our volumes weren't exactly massive all week and certainly low on buys.....hugely low. If I remember right Wednesday we recorded approx 1:1 buys vs sells at the end of the day and that was our best day but still 2% down. Sells started off stronger and then buys overtook but never made sp recover as much as fewer sell volume made it drop. Led me to believe MM's taking shares and holding sp down. This morning we had 1 transaction for an hour....only £76 sell and made the sp drop 0.6%. Oiltap then bought 5k. It registered as a sell (but park that)and the sp dropped to 2% down. How does that work!?? I noticed a couple of days the spread was in the 4%s too which for a dropping share is a little on the high side obviously making it less attractive to buy in....... the first time we went to 1p in the re rate and came back to 0.77 ish it was about 3%. With Roosters large volume of sells and literally hardly any buys all week.....why was it so hard to fill your 10k order. So putting the picture together MM's seem to be hanging onto shares and they would only do that of they knew they can sell them back for a profit. They may know this as they know there is a demand to take them and they have the power to let the share come up at will. This is all speculative of course as I really don't know how much power MM's have for sure. But iv called it twice now using a comparrison of past data as to when it's bottomed on the drop at the time of the bottom.....doesn't work for predicting. I think iv said something like "mMs either can't hold this or they are letting it back up". So there must be something in analysing trends.....or I just got lucky. If only I could predict before the time haha. But either warbling winded explanation but I think there is high demand for these shares.
Roosters , thank you for being so honest !
Me three