George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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If you want to practice your investment skills/-analysis, this share and now is the time. The current position doesn’t rely on finding minerals or getting a mega elusive contract- the game has been set and the poker game has begun.
First. If your worried about the 2x 1 m trades, just look at the steep vertical intraday graph pre and post times of the trades. At worst they are transfers, most likely buys and at best sells that illustrate the free float is running on fumes. Yep, sounds wierd, but with recent TRa and 8.3s point to around 3m available.
Of course , you will see bid trades but some will be fake/ neutral but made to influence trading. Which makes me come to the crux- the real value of BRY as a company and the resulting likely offer in the light of value to a buyer and market phycology.
I have crunched the numbers and come with a fair value, neither excessive or low at 72p, hence fair. But therein lies the dilemma- gold, houses, oil are ubiquitous and value can be easily determined. Companies are bespoke with limited buyers so there’s no market as such. So you have to get into the head of buyers and ask how much is it worth to them ( then apply a discount if there are no other interested parties).
Best lesson in my life was a negotiation tactic course .
It involved us play acting - two peeps given a card with their position with regard to an old car that was for sale.
The buyer was told he’d been looking for this opp for ages as there were few around and so getting spare parts for his working car was virtually impossible so he was prepared to pay £3000.
The other was told he had to get rid of it at any cost as the rented garage it was in was costing him £300 a year and was a waste.
The poor second person made the first opening offer, when asked how much he said £200 thinking that’s good and the first man said yes !!
Now , opening offers for a bespoke asset mean little esp when the offeree admits they can go higher. I’ve gone on record that 50% of fair value will be achieved especially with the post offer stake building but you have to decide and assess the quality of earnings ( recurring - there’s the clue) and GP( another) and the benefit to an acquisitor’s existing operations.
Good luck all; time to see if your business acumen rather than luck can make you some dosh .
He is a she. https://www.ctrmcenter.com/publications/interviews/introducing-bradys-new-ceo-carmen-carey/
https://markets.ft.com/data/equities/tearsheet/profile?s=BRY:LSE
Warrington - Swiss- new
Reconcile free float now ( with Coltrane upping ) - think I may be right with 5% - 4m folks.
Trading is going to get more spooky , do your research over the weekend as to true worth.
Interesting, new CEO in Feb, so crashes 6 months later and he thinks 10p is a great offer.
I think he’s really peed off his bosses - and I don’t blame them
Look at the intraday chart. Tells you everything. Can anyone copy it before it’s updated.
Not so new to shares if you remember GKP, I got burned by them a few years back....amongst others.
What does that 8.3 form states, sorry new to shares so cannot understand. Can you explain plz
do you think its good to hold? Will it open down on monday. I know no one really knows whats going on but what are people thoughts. Hold or Sell ?
Ah, the two 1ms early doors when we opened down on opening. ( wink wink). This is getting meaty
We’re are in game playing territory- you could sell 250k for 15.55 at the close. So why would you sell 50 k more for that price. Answer, you wouldn’t unless you have another agenda.
Tree shakes during trading hours won’t work as everyone is clued up so have to do after hours and hope peeps stew over the weekend.
Put you devious hat on and ask what would I do to winkle our shares.
What's that notification. Some big sell at the end.
Ah- there's the UT for a whopping 2366.
Hens teeth folks
Interesting, during the 2 price extensions - where nothing seemed to happen, RSP for just 25k went to 19p.
I know pricing goes a haywire during this - but all very intriguing.
Over 10k is NT to buy currently.
Wow - Panmure sold 1000 shares, that should cause a panic!!
I'm going for a counter offer of 20p.
MP
Mr. 62,696 din't last long - if its genuine!! Right on a pivot point .
Yes I can understand that , I see the ask rising with no buys so something going on the background.
Wish we could see !
Just a little share profit shake, what he fails to realize is that the share price is not being driven by the fish and chip brigade. There's major accumulation here.
MP
Typical Friday lunchtime sell off just now perhaps ? Hope so.
going on. No doubt Cenkos putting a few up to catch some lower down.
Still 15.76 to sell 250k
These shares are as rare as rocking horse do-dos
Concur..
And its 15.76 v 19.99 for 250k - rsp
I think it's a 20p+ offer. Serious stake building here, the cat is well out of the bag.
MP
Foxes, look at the trading. This isn't being driven by pi's, there's background buying here probably by insiders.
Ref your statement as to why pay 65% more, that's easy, an 8m offer is very cheap. A business will pay what it thinks the company is worth whether that's 10p a share or 20p.
I'm now on a free carry here so enjoying the fun.
MP
You should be buying in relation to what you think the final offer will be, not the next offer.
I get that . What I don’t is why someone would pay 65% more than someone else’s, first offer? 20% more yes.
And where does it state that?