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I will buy when bojo does :)
Bought some a few weeks ago. Keeps edging up. I suspect this will keep moving up.
I think it’s the strongest RNS we have had in a while. It will only be shaded by Ovarian Study result or FDA approval.
Nice RNS today, ok not the one we are still waiting for. Surely we must be getting closer to FDA?
Thanks B.
I'm still liking the EISB RNS; 60% up on revenues.. 'The Placing was the result of demand for shares from a number of institutions including Aviva Investors..' and Director's buys.
AND I think the sp is still at what John has called 'wholesale' price.
SAV ….. EIA overdue but to be announced in q1
Greatland Gold (GGP) - Newcrest to buy 5% by 22 Feb
Angle Plc - FDA approval H1
Thought it might be useful to start an event/news thread using minimal wording. So if you want to draw attention to news that is due but without a long speech!
I will give you some examples then maybe you can add your own. People can choose wether to follow up.
Not sure what they might be. Often they can be house keeping or even buys/sells!
Large trades today at COPL (isn't there often something huge at the end of the day), HE1 and a 46K at EISB.
A lot of metals up today also, but that is a decent jump!
I took out my original stake when it hit mid £1.30’s. Left 40% profit riding until FDA. Worst case of it gets knocked back I keep my original stake and half profit. Or if approved I have a discounted buy in.
just leapt upwards.
that drop didn't last long!!
are you still holding?
Buying opportunity anything near £1 due to delays...
Good RNS this am.
buy!
It depends on what they agree with. You would have thought that’s the case, imagine how awkward the relationship would be for those 2 on JV committee if they wildly disagree on valuation.
My other thought is that why screw the smaller partner as you already have 70% of the asset and it doesn’t set a good image of NCM.
Added more today. Average .67. Less pressure on Sp exit now.
I’d say if you manage 12 to13p then a double is likely in good time. I don’t see the point in looking longer term as the ducks have to line up so to speak.
Broadly speaking the deal would already be done don’t you think? In the respect that each have the information and a price in mind that would be agreeable. Don’t see it going to the third party.
Interesting Bojo. If I do invest then it will be somewhere closer to 20 times your amount, just so that 10-20% increase is worthwhile.
How much you reckon will be offered and what GGP will agree to for the 5%? If the price differential is greater than 10% then the independent adjudicator will decide and GGP will have to accept that. There are 2 from GGP on the JV committee, so they are working closely.
My ideal entry would be between 12-13p, just so that the mcap is low enough for the low ball offer.
I don’t do conspiracy theories but I can visualise a scenario where a significant minority of private investors lose out. Remember if Newcrest were to buy out the remaining 25% they would have to take care of the GGP big wigs… I have a 25% likely hood of this happening. 50% likely we will get a reasonable deal and 25% that we will get a fair deal that reflects the ounces. Put it that way. I have a small holding of £5k @ 15p so I think that’s safe ground but will not be piling in but 13p would be tempting.
The temptation when slicing the cake is always to give others a skinny bit.
You think it’s an insider job? They will orchestrate a low ball offer and accept. Curiously he hasn’t got much of shareholding in GGP has he? All my assumptions are based on that he will fight GGP corner very hard and get the resource estimate updated. But again, maybe I am trying to convince myself to follow my bias.
I think it comes down to wether SD is a Newcrest man or Greatland man? Going forward if SD and Co were offered a deal to work for Newcrest would they take it. Are they already on board? I think the market don’t trust SD. Can’t prove anything but I don’t see private investors as being high priority.
I could have things wrong and maybe SD is a man of integrity but it Greatlands future rests in his hands. I appreciate he is only CEO but he will influence this greatly one way or another…
also I should have added for the bull case and why I am tempted is that if the updated resource figure comes out to be quite high and is used for the valuation then we should see the SP at least 50% higher than it is now.