Sirius Minerals Share Discussion Threads

[valek] 24/1/2019 08:29

He's just not genuine, I guarantee you by next week he will be saying how this will be worth 6p in a matter of days. It's remarkable how quickly these newbie ignorant amateurs become the foremost expert in a matter of days.

[ducati2345] 24/1/2019 08:26

Scary how little people know about companies they invest in, how much cash generated lol

[not my real name] 24/1/2019 06:41

Kreature. Zero They are spending all the money on getting the mine to production. Until we are actually digging the stuff up we are generating not a dollar.

NMRN

[kreature] 24/1/2019 01:03

How much revenue are the generating at the moment ?

[eurofox] 23/1/2019 23:46

I agree. Debt right now is really stressed.

[astjgroom] 23/1/2019 23:29

I also believe US QT and interest rate rises are sucking the liquidity from debt markets.

[astjgroom] 23/1/2019 23:27

11% is one of the few who has called it correctly for the last 12 months+ imho.

[not my real name] 23/1/2019 20:42

IAWAM,

?

NMRN

[ialwayswinatmonopoly] 23/1/2019 20:38

Are you a wizard?

[not my real name] 23/1/2019 20:15

Hi denny,

ADVFN, in common with most other financial websites, take the buy/sell price and divide it by 2. They then attribute volume to whichever side is nearest.

For example: Buy 132p Sell 130P

Trades at 131 or less are sells and over 131 are buys. Anything AT 131p goes in the "?" column.

Very often trades will go through at 130p and 130.5p. This is the ACTUAL spread rather than the "advertised price" but both will be attributed to the sell side of the trading data.

If you look at the trades throughout the day you will usually see a pattern developing where the ACTUAL spread is far tighter than the displayed spread.

The easiest way to spot the actual price is to buy access to live data. ADVFNs approach would normally give a reasonably balanced guide to trades but the spreads on penny shares are almost always larger in percentage terms that on the higher priced shares.

Todays data is a perfect example of the flaws in the system used. It is utterly impossible, in any market, for buy volume of 26m and sell volume of 12m to result in a fall in the share price of 4.5%.

The whole basis of any market is the law of supply and demand.

If you don't want to pay for a premium site simply get a live quote from your online broker and see what the actual spreads are then look at the data on here.

The conspiracy theorists on here will always tell you it is market manipulation but the truth is much simpler. Typical quoted spreads on SXX are usually around 0.10 to 0.15p where the actual spread is usually around 0.04 to 0.05p. That's why trades end up on the wrong side of the equation.

Hope this helps.

Probably easier to look at trading volumes of higher priced shares like RDSB to spot a better example of the real spreads.

NMRN

[denny1965] 23/1/2019 18:31

NMRN Being new to ADVFN but a holder in SXX!I have read a lot of this board and would consider you to be someone who gives an honest synopsis of the companies position.Although slightly off topic but related to today's buy/sells what is your read on the accuracy of ADVFN's trade details in general.I noticed you posted a comment recently to a poster so I would like your read on them.Thanks

[valek] 23/1/2019 17:40

Dsvethebore

[davethehorse] 23/1/2019 17:37

16p here we come...

[jw30] 23/1/2019 16:08

They are trading between themselves to create the perception of heavy volume. Basically, just self gratification.

[up just a little bit] 23/1/2019 15:30

Johnwise,
Not very good at reading are you?
"I believe is total hogwash" was my comment at the end.

I did not write the broker analysis.
How very inclusive of you...NOT

[johnwise] 23/1/2019 15:27

Volume

Buying 22,837,050

Sell 11,994,252




11_percent 23 Jan '19 - 14:53 - 36483 of 36485 (Filtered)


11_percent 23 Jan '19 - 15:16 - 36484 of 36485 (Filtered)


Up just a little bit 23 Jan '19 - 15:18 - 36485 of 36485 (Filtered)

[up just a little bit] 23/1/2019 15:18

Valek,
I posted on the 17th October a comment from broker analysis from iii on the GFM bb. no link sorry. It was referenced 16p and if no support 6p which I believe is total hogwash.
regards

[11_percent] 23/1/2019 15:16

Mmmmmmm......naughty, very naughty.

[johnwise] 23/1/2019 15:12

23 Jan 2019

First Sirius Minerals tunnelling machine unveiled

The machine will bore the first of three planned tunnel drives which will make up the 23 mile tunnel from a new underground mine, near Whitby, to a processing facility on Wilton International in Redcar. Two other machines are planned to be launched in 2020 from Whitby and Lockwood Beck, near Guisborough, to complete the final 15 miles of the six-metre diameter tunnel.

Workers will operate the machine 24 hours a day, seven days a week, lining the tunnel with concrete segments as it goes.

[11_percent] 23/1/2019 14:53

20.....dead on.....we are still in the 20 - 22 channel.

Let's see.

[up just a little bit] 23/1/2019 14:48

I posted it on this bb I'll take a look

[valek] 23/1/2019 14:47

Don't suppose you can produce a link to this article can you?