Nope, at no stage was the sell price at 24.75. Never mind for that amount. Impossible. Buy vrs Sell is sometimes difficult to tell, but not on this case.
It most likely started on Friday afternoon causing the rise in the afternoon and continued this morning.
New shares werenāt issued. They bought them from someoneā¦
They were soldā¦ by the market makerā¦ my understanding is that they can hold positions for shares and will āmakeā a market by moving the price and where they expect increased demand they will build a position to sell to those buying into the share. Otherwise they may not be able to cater for demand and the price would rocket. Happy to be corrected if you disagree.
Who bought them fromā¦
Investors are buying and selling all the time. Since Greatland has increased around 1200% YTD I think itās likely people may be top slicing or selling as the share price rises (as the market makers increase the Bid/Offer) which means the MMs can then fill the 9m share buy. Thatās called making a market - the fact that an investor/institution has bought in at the near the top spending over Ā£2m is a positive sign and could be assumed theyāre not merely buying in on a whim.
Straight from the Newcrest Quarterly Report
Newcrest quarterly exploration report link below.
ā Havieron potential continues to grow as drill results return best intercepts to dateā 
Bonza grades indeed
Wow some high numbers in there
Looking forward to seeing what effect this has on SP tomorrow. Thereās usually more of a build up on anticipation to news. But it only had a bit of a jump this time and not reached new highs prior to the news.
The upside for the SP of GGP is still massive based on the continuing high grade finds throughout the Havieron site alone. Hopefully this is the case with the other 100% owned GGP sites.
Also there is a good outlook for precious metal prices from Goldman Sachs. Their analysts believe 2021 will be another bull run for Precious Metals recommending long positions on Gold, silver and copper with a 20% upside to price for Gold and Silver next year.
I feel like a lack of drilling news reports has lost GGP the cyclical momentum it has seen this year of pre news rises to record highs every 6 weeks or so. Hopefully a good run of news till Christmas will kick start this action again and take the price up to where it should be.
A bit of support from the brokers would be good too. Given thatās what theyāre paid to do! Hopefully H&P will issue a new broker note soonā¦
Looks like a quiet start
I havenāt scrolled up to check past posts 
so apologies if this has been mentioned previously.
GGP goes into the MSCI global small cap index which should be good for the SP
I wonder how much theyāre committed to buying
Is there anything to indicate how much they are likely to invest? Looking at their list of investments it looks quite diversified with small amounts in a large number of companies
Thatās an index not a fund.
Obviously lots of funds track that index (and in total they will have significant AUM). Some of those funds will have rules about what they hold to do so, but given the nature of the index I doubt many are obligated to hold everything.
Given there is quite a bit of arbitrage opportunity around the edge of indices I would imagine itās fairly efficiently priced, but who knows it could give a decent short term uptick to the price as with the last index inclusion.
I think the main impact of being included in such a big index is probably increased stability after some initial volatility.
Does anyone know if being included in MCSI small cap will have any effect on the amount purchased into GDXJ in December?