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Better levels for the buy back?
At last a voice of reason.
I just wonder why others are trying to dump the price? When it is perfectly obvious that any further selling will be jumped upon by the company. If everyone held tight and topped up this would go to fair value. Don’t listen to individuals that are warning everyone not to buy, instead look beyond. They, and they know who they are, will try to undermine those invested and being positive. Check for yourselves, I’m all in and a bit more.
It adds up to about 4% of the free float. They are being bought at a great price IMHO.
If three quarters of TSG share are tightly held and worth £60m roughly today, £1m worth of share buybacks should have a noticeable effect on the remaining free-float
http://www.trans-siberiangold.com/news-media/press-releases/2019/significant-shareholders-holdings/significant-shareholders-holdings/
Correction - false accusations of some hidden meaning
Be careful of what you post on here. Make a post and artrader will examine your words and find some excuse to attack you. Does he think he is a mind-reader.? He will examine your words in fine detail looking for ways to attack you based on his false accusations on some hidden meaning and he makes accusations that you are trying to imply something that was never stated nor intended. He seems to be determined to start arguments.
I think you will find it was 2p ( +2%) and they probably haven't even started buying yet £1m isn't window dressing as there are only 16m shares in public hands and soon to be just 15m.
The share buyback is window dressing. Spending just £1m only results (market cap remaining constant) in the sp rising by 1p.
The definition of a confused trader
Before he buys he proclaims
“This is going to drop to 80p”
....In reality he buys at 95p (the next day?)
After he buys
“This is going to soon hit £1.50
....In reality he will sell at £1 (next week)
BP what the buy back means is that the Company had millions in the bank ready to share out to investors. They decided due to the dumping of shares that they would spend some of the money on buying up the shares instead of paying a dividend. Pleasing all long term holders and their institutional investors by taking the dumped shares off the market thus inflating the value of the remaining shares
My post regarding the alarmist doom mongering on here was promptly answered by the main perpetrator who bought shares following the RNS whilst days before he told us this. “ Vein 25 will re open at some point I'm confident when that is and under what - if any - amended working rules I have no idea.. I'm guessing the tragic accident investigation report will have action points that take some time to implement..so we could have months instead of weeks before re opening. alas, I see clear potential for further share prcie weakness here. other than Vein 25 activity would help further falls from here be relatively less significant, hopefully . But my guess is this s/p can readily enough go very deep into 80's p
The good news this morning is very welcome but is more medium/long term in nature, and indeed could also interpreted by some as an attempted filler in the knowledge that good news is still a ways off regarding Vein 25 re opening.” Would anyone have bought based on this? But the next day he did! and it wasn’t in the 80s ! I suspect that he and one other know all intended to mention accidents fines closures and oil spillages etc to push down the price to buy back as Niceto did. No investor would shoot themselves in the foot would they?
Arttrader has recently made clear to all that he's the brains here, and indeed that the rest here are completely thick... so I expect it's best for your financial wellbeing that i leave it to him to explain all BPat890
Hi NicetoMichu, can you explain what this all means as I am not sure either way
and just whats required at this time.. imho
And I topped up at 8.01 am off the back of thsi RNS.
S/P Floor set in 90's now I'd expect/hope and this can readily go back well into 100's off the back of this buyback plan too I expect/hope.
And when - more than if imho - vein 25 comes back on line this should motor back towards 150p .
(If a large fine were to be levied there may be a s/p pull back but I wouldn't expect that to be long lived when Vein 25 is producing to plan again)