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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Magnolia Pet Share Chat (MAGP)



Share Price: 0.10Bid: 0.09Ask: 0.11Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.02Spread as %: 22.22%Open: 0.115High: 0.00Low: 0.00Yesterday’s Close: 0.10


Share Discussion for Magnolia Pet


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okenia
Posts: 8,636
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RE: Red corner II
Today 17:11
They made a 200% return over a month with that well purchase-then-sale. Opportunistic is probably a good word (the snatching of the asset from Mosman recently as a case in point - you can almost imagine the spluttering at Mosman when that happened!).

If NTOG made a similar gain with its stake in MAGP then the SP will have to be well north of 0.2p, which it's not been for a year or so. In that scenario I hope no-one here would be complaining too loud!
 
bakoven
Posts: 3,917
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RE: Red corner II
Today 15:41
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NTOG&ArticleCode=yx4avtsl&ArticleHeadline=Disposal

I haven't got the time to check all ML's RNSs, but please note he is unlikely to change his spots. He appears to practise single methodology in the main -- opportunism.

>NB. I would very much like to be proved wrong.
okenia
Posts: 8,636
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RE: Red corner II
Today 15:08
Yes if they dumped that stock in the current market they'd be lucky to wash their face. Pointless for the reasons you say.
Strider4
Posts: 1,329
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Red corner II
Today 13:27
Another thought. Someone mentioned a concern that NTOG might sell off their share over the next few
months.

However, I consider this highly unlikely as a sell off would firstly quickly reduce the shareprice to below the 0.06p where they bought, so they would be unlikely to get more than they paid for them (one of the potential reasons that Snead sold directly to them rather than selling into the market) and secondly, even if they could sell for a profit it would be for absolute peanuts - a profit of say £10-20k on £125k (not worth the time and effort).
Mithun
Posts: 442
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More exposure for magp
Today 02:04
Looks like magp after ntogs 10% purchase on Friday. The next time we get a cracking rns we should see plenty more buying going on which will hopefully push the share price up. Gla
Strider4
Posts: 1,329
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View Thread (3)
Red corner
Sun 14:31
A few stand-out points from some very good discussion in the last couple of days:

1) Snead sold his 10% stake in the company at 0.06p. As 10% is a minority stake, this valuation cannot be extrapolated to the remaining 90%.
2) The split appears to be acrimonious - is there the possibility that Snead has done this to stick the finger up at the BOD? I imagine that getting £200k or the £125k that he got, doesn't make a great deal of difference to him.
3) Snead would have been unlikely to get more than 0.06p for his stake in the open market anyway. It is clear he wants nothing further to do with the company, and it may be out of respect for his previous contribution to the company, and professionalism, that no details have been released to the market.
4) If NTOG has a real interest in the company, they will have to start paying a good deal more than 0.06p to accumulate more. Any further interest from them could be extremely positive for the share price.
5) Now is the time for Rita to steady the ship and comment on recent events and the company strategy going forward under the reshaped BOD.
okenia
Posts: 8,636
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Price:0.10
RE: RFW
Sun 13:33
The most positive viewpoint is that NTOG think MAGP is a good play and they've been able to negotiate a decent stake for themselves by exploiting the departing CEO's desire to exit his position, thus giving them a good "in" price. And that they'll hold for a reasonable period of time.

Since Snead clearly wants to sell his stock it may be better for MAGP for NTOG to be holding that, as opposed to Snead dumping his stock on the secondary market (compete with a slew of 10%, 9%, 8%, 7% etc TR1s to reinforce the overhang being worked). The worse case scenario would have been if Snead aggressively dumped his MAGP stock (for whatever personal reasons, I can't speculate) which would have been very nasty for the MAGP SP if there is a visible forced seller in the market. At least now that has been averted and the stock is in the hands of someone else.

Whether that ends up being "out of the frying pan, into the fire" we shall see.
bakoven
Posts: 3,917
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RE: RFW
Sun 11:31
Having slept on it, I take the view that Mr Ten Percent is likely to offload his windfall stock in tranches within 24 months. Unless he has changed his m-o that's how he has operated in the past. Hope I am wrong . . ..

The process could impact the SP.
Rita will have to handle this new thorn as best as she can.
As oilmagnet notes, I would like to see an all-embracing "strategic statement".
Guidedog7
Posts: 1,063
Question
Opinion:No Opinion
Price:0.10
Donald Trump's proposal to sell
Sun 11:24
http://www.msn.com/en-gb/money/news/opec-not-concerned-by-donald-trumps-proposal-to-sell-us-strategic-petroleum-reserves/ar-BBBy5oB?ocid=spartanntp

Perhaps this is what made SOS rethink ??

I think all of this caught our BOD out and they will have a rethink Monday and tell the market when we gat back Tuesday .

WHAT WILL FRANK SAY NOW????

The other thing is who owns Broken Arrow HQ as I thought it was part for SOS EMPIRE !!!! AWKWARD :-(
okenia
Posts: 8,636
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View Thread (2)
RE: RFW
Sun 10:21
I agree that there seems to be a certain degree of "messaging" around how this was done.

NTOG released an RNS under their own ticker at 1:15pm on Friday stating that they had bought a 10% stake in MAGP. Formally speaking that is a material holding for them and as such they were obliged to inform the market without delay, which they did. That's fine, and it's right for them to issue their own RNS because it is a material transaction for NTOG (irrespective of whether there are DTR substantial shareholder disclosures to be made).

As a 10% shareholder they are also required by the DTR rules to tell MAGP that they have got a substantial shareholding. It is then up to MAGP as to how they disclose that to the market - either by their own RNS, or perhaps simply by thinking that since NTOG have already done so then they don't need to. At the very least it would be good practice for MAGP to release a notification under its own RNS ticker to assist its own shareholders. Did NTOG tell MAGP directly, or did they simply release their RNS and let them find it? Formally speaking it could be argued that NTOG has informed the market of its stake and has discharged its DTR obligations, so maybe MAGP feels it doesn't have to issue an RNS. We shall see on that front next week.

"Should" NTOG have waited until MAGP issued an RNS before it informed the market? No, strictly speaking. The obligation is on NTOG (as a listed company) to inform the market without delay of price-sensitive information like a major transaction. "Could" they have coordinated with MAGP if they had wanted to, in order to get back-to-back RNSes released? Oh I'm sure they "could" have, had they wanted to. That this didn't happen is probably significant.

What does surprise me is that we didn't get a separate RNS from MAGP the same day - there was another 5 hours of RNS feed that day they could have used, even if it was for a quick "The Company notes the RNS released earlier today by NTOG regarding ..." sort of thing. That might be as trivial as a staff absence and being caught unawares - we shall see next week if there is an RNS on Tuesday morning. It certainly does feel like MAGP were caught on the hop though and didn't know anything about the purchase until the RNS landed at 1:15pm. If they were not informed directly by NTOG (e.g. by email) then one can see circumstances where they might have missed it at the time of release.

All very interesting and you could read a lot into this, if you were so minded. The next step for me is whether there is a RNS from MAGP on Tuesday.




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