Metals Exploration Share Discussion Threads

[lord badger] 20/1/2017 10:01

Giant, take a look at the past week's volume. Approx 70m shares traded. Today was a slow day! No press, no news.

[davegk] 20/1/2017 09:58

All week until now it has been Cantor which has provided the offer price in the market. If you bought shares you have bought them off Cantor. Cantor’s bid price has been below the market price so they have not been buying in the market.

Now with the market price at 5.0 / 5.25, the Cantor offer price is above the market but they are the active bid at 5.0. So they are now buying in the market at 5p but not selling.
Maybe we’ve reached the end of the overhang.

[giantpeach2] 20/1/2017 09:33

All buys fron the kick off, was this highlighted in a magazine this morning!

[peterpowell21] 19/1/2017 15:12

achille

i agree they have managed to buy some shares of late at 5p and less.
but as you say,they have paid a lot more for most of their shares.
thats why i say they are daft selling now.
but its seems its out of their hands.
well its going to be a long slog for them and the other large holders to break even
from this point.

again it seems like if you get in early on a project the chances are you will lose money. best getting in now at 5p, you dont need to be a brain surgeon to think you must have a good chance of making money buying in now at 5p, when most of the shares
have been bought by the large holders at around 13p.
risk reward seems well worth it at this point.

[achillesheel] 19/1/2017 13:41

It's a bit different for Baker though, over 100million of their holding was purchased at 13p and above, and they are suffering from redemptions from the trust so don't really have a choice in the matter.

[peterpowell21] 19/1/2017 13:40

jailbird

well i doubt they worry about CGT.
Anyway they have till april to worry about that.
so we will have to see who is right.

Daft or not daft,that is the daft question.

[jailbird] 19/1/2017 13:11

I think they are not daft...Lost count the number of times a large holder sells before a rise.Large investor holders 25 million bought at 3p, selling at 5p.. profit made.But these holders are known to slice holdings to derisk , esp when there are buyers ready to take large stock We must not forget these ppl also must offset against CGT

[peterpowell21] 19/1/2017 11:46

well if they are daft enough to sell at 5p after waiting all this time thats their loss.
But its never there money is it.
well its been a great result for anyone that wanted to average down or buy in at a great price.
seems we have returned to normal volume.
could it just be a case of waiting for those sells to show up now to cover all those
buys that have been showing over the last week.

[achillesheel] 19/1/2017 10:26

Baker took 7 million at the the 3 pence placing and 16 million at the 2.9,they must still have a much higher average with a holding of somewhere around 117 million (now) as the previous fundraisings were much higher, and being forced to sell at this time, can't imagine them being happy.

[peterpowell21] 19/1/2017 08:13

achille

who ever is buying baker steels shares must have agreed to pay 5p.
makes sense as that amount of shares being sold would have dropped the price to 4p or less.They both get what they want.
apart from that they are making good money at 5p.

[achillesheel] 18/1/2017 18:51

It's as if the broker has been told the share price is not to rise above 5 until its done maybe the ii wanted to take more in the placing but could'nt for whatever reason, and i suppose if they are making 0.05 on 20 odd million they won't be grumbling.

[achillesheel] 18/1/2017 18:39

Yep look at the delayed trades 12million got to be an ii soaking up the seller

[peterpowell21] 18/1/2017 17:57

volume has been promoted into the premier league today.
this is normally in the sunday league of volume.
they seem to have stepped up the pace to shift this overhang.
we cant be far from getting news now.

[peterpowell21] 18/1/2017 15:13

seems the seller has not finish and they only want buys so they can clear the seller.

[peterpowell21] 18/1/2017 14:54

ha ha you have to laugh.
they get two sells for about 180,000 and they drop the bid.

[jailbird] 18/1/2017 14:46

Real spread is 5/5.05p

[peterpowell21] 18/1/2017 13:58

thanks again wiseacre.
your research is most welcome on here.
along with others that also post very good info, and answer peoples questions.

[wiseacre] 18/1/2017 13:50

I can see why Baker Steel Resources Trust may be a forced seller. Looking at its last Annual Report it was at a steep discount to NAV but the majority of its holdings are in unquoted companies where a realisation of gains look a long way off (such companies as Bilboes Gold in Zimbabwe and Polar Silver in Siberia). Metals Ex is one of the few companies where it can comfortably exit.

[meijiman] 18/1/2017 11:52

Thanks -that would be good. Company needs to step up its newsflow a bit.

[peterpowell21] 18/1/2017 11:32

meijiman

he thinks they may have done four gold sales.

[peterpowell21] 18/1/2017 11:21

5p to sell now,anything above that is a buy.
most buys showing as sell due to the the mid being at 5.125p

[meijiman] 18/1/2017 11:18

what was that?

[achillesheel] 18/1/2017 11:08

Looks that way Peter, we just need wiseacre's second prediction to be announced

[peterpowell21] 18/1/2017 10:53

Canaccord Genuity Limited

They are a big player.

yes well done to Wiseacre, he passed this news on to us last week.

i would also say the seller/buyer has now finished.