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Member Info for MrMagic

Member Since: Mon, 13th Jun 2011

Number of Share Chat Posts (all time): 7,679
Number of Share Chat Posts (last 30 days): 86

Last Posted: Fri 21:55

Post Distribution over the last 30 days

Fri 21:55

Briar - "RNS, not what we were waiting for,"

Are you kidding?! It's exactly what we were waiting for and it has landed exactly as predicted, Magna chomping at the bit to get the conversion away at the earliest opportunity (6th March exactly 60 days since issue of the CLN as per RNS) and the conversion price in the 0.07's, again exactly as predicted.

Next week we will equally see exactly what we are expecting imo. Another YA holding RNS to say they've cleared the 4% threshold. Anyone want to wager otherwise?

Everything is getting terribly predictable. The capital reorg, the CLN, today's conversion, the PR push just before it and so on. Let me make some further predictions:

- There will shortly be another Edison (or other broker) report spouting wonderous SPs that never materialise.

- There will be an Ivory Coast update telling us of "gold in them hills!" or perhaps in our case "gold under those trees!" but I'll wager (again) that it will be all jam tomorrow.

- There will be another Colombia holding statement which again fails to make any mention of NMC's purchase of the 11.2% from FPM shareholders.

- There will be a Magna conversion in the 0.06p levels

And finally, despite all the PR campaign, I predict the BODs will still fail to put any significant amount of their own money into the company they are touting so strongly.

Fri 14:51

The list of declared short positions for all stocks is available for download from the official gov't website any time you want. The savvy amongst us keep a regular check on it. YA shorted RRR from late 2012, right through 2013 and into the first few months of 2014. Quite frankly it became a joke and shareholders eventually came to note the tell-tale signs of YA trades and entries on the Short Position list that accompanied each placing. There was board talk of these short not being "real" shorts as such but rather being "technical shorts" but your average PI (inc myself) didn't understand the detail and thus I think it was affecting sentiment. So in the end I think they agreed not to short anymore but I'm not entirely sure what (if anything) was agreed.

Now that we have sought an alternative company for fundraising I was wondering if YA would begin to short again so I keep an eye on that Short Positions list. Same goes for RGM which they also shorted frequently in the past.
Fri 14:05

YA have been selling down their holding (I presume at a significant loss) as per the RNS this week. They crossed the 5% threshold on 3rd March. I speculate/guesstimate that they have already sold a further 6m or so since then and they only need to sell 10.5m in total before they reach the next threshold at 4%. Personally I take their actions as a sign of little or no confidence that the Colombia deal will complete any time soon and that that they are dumping what they can before the Magna CLN kicks in. I may of course be wrong. Poster MikG believes the reason for YA's sell down could be that :

"YA would possibly be happier to take a lower price on a proportion of the holding in anticipation of receiving a higher price on the remainder of the holding to average a receipt of around .168 or so to get their 275k"

How do you interpret YA's dumping Robins?

Either way I am pretty confident myself that we will see another holding RNS early next week.
Fri 12:12

No comments regarding this?

Come on chaps. Explain to me how this CLN is not a self-contained downward spiral with each conversion resulting in SP drift that establishes a new set of 3 lowest VWAPs making the next conversion 10% below that, ad-infinitum until the entire CLN is converted.
Fri 11:38

I didn't quote the 10:33 post which you asked me not to quote. :)

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