African Consolidated Share Discussion Threads

[21trader] 15/12/2014 09:56

mclellan

I'm not interested anyway. I have the posters on the other thread filtered.

Can we move on now.

[21trader] 15/12/2014 08:58

Impatient brigade selling today. Still no problem selling but they might shake
it if sellers continue with little buyers.

[21trader] 15/12/2014 07:53

AT

I have that lot filtered suggest you do the same.

[21trader] 14/12/2014 20:19

Yes online limits can be a good guide to a overall position being built. It's unusual to see them bid so much stock so quickly after a placing so something is
brewing. If they issued that Romanian news but without the placing I'm pretty sure
the price would be around the 1p level so that will be the target price for me 0.9-1p and when hopefully it reaches that you will also get the spike chasers to
there will be more on top of that price maybe 1.1-1.2p

[mclellan] 12/12/2014 17:16

We fared a lot better than many today.
Have a nice weekend.

[moreforus] 12/12/2014 16:29

santa rally...wouldnt want to be out of AFCR over the year end!

[yorgi] 12/12/2014 16:28

:-)

Well that looks like it for the day. We will see what Monday brings and the run into Christmas. A steady rise will do, I would like to see us back over 1p but until investors tuck more away for the journey into production then we will have to await the real gains. Of course any news of progress on either BB, PP or any of our other assets could see us move sharply. Barring any bad news the way from here in the medium to long term is clearly up as we are severely undervalued.

Have a great weekend everyone :-)

[moreforus] 12/12/2014 16:16

yes if you can get over the crocodile infested moat....not deliberate...one escaped from the estate zoo a few years ago and multiplied

[yorgi] 12/12/2014 16:14

The 65k has not gone much under the offer so we may hold this price still.

Can we finish off with drinks at Moreforus Towers then ? :-)

[themattbarnes] 12/12/2014 16:09

Great thank you! Something else to have a play with then!

[moreforus] 12/12/2014 16:08

lol ryan you can come to the AFCR shareholder Xmas party....

will it be in Burger King or that posh restaurant run by that sweary bloke off the telly???

[yorgi] 12/12/2014 16:07

Well done Ryan

Afraid so Moreforus unless we see a rise in decent sized buys.....a few buying like Ryan :-)

[ryan83] 12/12/2014 16:04

well done my bit earlier, took 600k ;-)

[moreforus] 12/12/2014 16:04

we are stuck..trading inside the spread...mms happy to take shares an reoffer them for a cut....

[yorgi] 12/12/2014 16:03

Unless buyers move in now we could end up slipping back a bit before the close.

[21trader] 12/12/2014 15:42

Selftrade quote 2.5 million bid and 1.5 million offer so plenty of size both ways

[yorgi] 12/12/2014 15:21

500k buy, a little under the bid @ 0.6575p

[yorgi] 12/12/2014 15:19

Page 11 of the presentation does make it quite clear how strong the investment case is for AFCR at this price, how cheap we are at this level.

[yorgi] 12/12/2014 14:49

MM's paying over the bid on 500k......so far without dropping it as well, a good sign.

[21trader] 12/12/2014 14:34

Hi Matt

I'm using TDW for the bid limit I have over 1 million in one account there so I do a dummy test for all of them and I get 0.628p a great price for size. Splitting the size down to a more sensible 500k gets a even better price of 0.6329p.

If you have a lot of cash in the account you can test the buy limit. If little cash then you have to use selftrade which lets you test the buy limit without having to have the funds in the account to actually buy the shares. They are the only broker I know that does this for free. The other is proquote which tells you which market maker is bidding and offering what amount of shares. A very nice bit of kit but a fortune to use it £2k a year

[yorgi] 12/12/2014 14:22

On top of that we do have other assets as well Moreforus, you are quite right cheap for one asset alone !

[moreforus] 12/12/2014 14:17

Repeat away... Cheap for one of them let alone two...Not many trades but still higher ... Sellers getting exhausted and then 70 can go bye bye