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Just looked back on the trails here more closely now and some responses off the back:
You caused me no offence at all bpat890 .. art trader did by posting the following :
''Meanwhile the posters on here are processing with the capacity of a plant .... full of sht''
This is a fairly meaninful position for me here now - between 5 and 10 per cent of my overall p/f - and I haven't sold any of these in well north of a year now and have been small incrementally adding thru that last year and a couple of years before that too. So I'm absolutely for these guys getting their act together asap. And Including recent sad / unsettling news this still remains a medium term buy and hold bet for me.
I see this mornings RNS as concerning indeed but not extremely concerning.
Good bulletin boards have a broad base of opinions.. towards balance.. and I often learn more from the 'negative' posts than 'positive' ones. (Altogether I'm involved in about 30 BB at any one time and one of the biggest takeaways I have over the years is the bullying uber bulls are the most dangerous to your wealth, far more than shorters for eg (and I don't short btw)
Generally, over time, far far more PI's lose than win in playing AIM and the most saving grace of Art Trader for me is that I instinctively feel that the more of his ilk that play the game the more chance I have of achieving the very hard task of staying winning in this game
Could the 4p drop be the falling gold price?
a theoretical concept - it may be theoretical to you, but not to others. It knocked the sp down by 4p.
"bullying towards anyone who doesn't post what he wants to hear" - an accurate observation.
"the personification of arrogance" - good description - he speaks as though he knows it all - so pompous.
and another key driver to that share buy back initiative being kicked off no doubt..
towards finding a positive amongst recent negatives : the buyback will cushion the blow versus how low this could have gone at least.. so I'm thankful for it.
PS; Art trader posts like a guy who is indeed over exposed here .. large lack of balance and super sensitive to and bullying towards anyone who doesn't post what he wants to hear.. parking that, generally. he may easily be the personification of arrogance anyway
A mistake to Ebitda which is a theoretical concept rather than cash at the bank or cash for a share buy back the implications are surely somewhat marginal.
This is an absolute disgrace.
Surely it is standard practice for figures to be doubled checked before they are released.
How can a mistake like this slip through checks and proper examination?
I doubt that I will be able to trust any future information from this company.
Better levels for the buy back?
-$2m
Quite concerning that they can make such a mistake.
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?
When the markets are dropping like dominoes. Not bad considering :)
NicetoMichu didn't mean to upset you, was just not sure what the RNS really means
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)
Correction - "they being" - should have been - "they" being
As I wrote, artrader, "I hope the company is ensuring that everything is in order."
I did expect it to be so, so thank you for confirming it.
As for Norilsk Nickel admitting that the company is likely culpable for the collapse, as you claim they say, and that the accident was presumably due to a gross violation of safety and industrial safety standards by the heads of the enterprise - this is likely to prove me right in what I said about companies having statements on their web sites about how they do everything right - but something happens and we find out that they weren't doing everything right.
Did you check to see what statements they had previously made about conforming to standards?
As for "TSG is a trustworthy UK company - many here think wrongly that it is Russian" - it may be incorporated and listed in the UK, but the operations are Russian, however the nationality makes no difference to my point about fine words and all the correct statements, but the reality being different. Again, I am talking about life in general and not about TSG. As I have said before, I see TSG as a well run, highly respectable company with an excellent track record on safety, with respects to the two poor men who died.
When I wrote "I hope the company is ensuring that everything is in order, no more accidents", it was merely a casually written, off the cuff remark and had I given it more thought I would have written something along the lines of things need to be double checked to be certain that everything is in order.
I have more that I would like to say, but, at this time, I am not going to make points about an accident in which two men died, as it would be disrespectful.
Perhaps after the report has come out, I will make those points, but my point about what they say compared to what they do ("they being" many people, companies and others, with no reference to TSG intended) is valid.
Re impact on share price.......have a look at how Tremor reacted.......and I am not recommending them