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The only thing worthy of note this month is the new JIM Nominee account increasing by almost 6m shares. That's by far the biggest increase of all the nominee accounts both in terms of numbers of share and monthly percentage increase (close to a 10% increase on last months JIM Nominees total).
No other nominee account is showing anywhere near the same level of accumulation.
TDT
Well spotted TD2
Worth noting also they only made it in the list over the threshold last month too so have been accumulating for at least two months IMO
Excel sheet screenshot that I have been keeping:-
https://ibb.co/KLmBrc9
Stu_1978
I think the accumulation has been going on for several months. All the nominee accounts on your spread sheet, with the exception of Hargreaves Lansdowne, have dropped in percentage terms since the start of the year with only one increasing significantly and that's JIM Nominees. Go back 12 months and even Hargreaves Lansdowne hold less now than they did May 2021. There can only be one logical explanation for that. Unless anybody has another plausible explanation?
TDT
" There can only be one logical explanation for that" and whats the explanation TDT?
Astar
If all nominee accounts are going down bar one then it implies that somebody or bodies within that nominee account is/are consistently buying. If you have some other explanation I'd be keen to hear it because I can't think of any other explanation.
Of course just because there isn't another obvious explanation doesn't mean to say I'm right. It could just as easily be that I'm not smart enough to figure out what it might be.
TDT
Thanks TDT, its good to hear someone reputable saying there is a high possibility someone is accumulating, its keeps the life machine on!
Just an idea.
Maybe this might be a good time for the management here to look to acquire a new asset anyway. If the sale was to go through AMC would become a cash shell and then they would have to get a new asset so why not do that first. They could acquire a prospect in a new and safer environment and then even if the sale doesn't go through there will still be some value here.
Acquiring an asset will also give the lazy management here something to do because they certainly haven't spent much time over the last few years on the current asset.
ART123..
In the words of the great John McEnroe,
"You Cannot Be Serious"
Peddled it last week. No logic to that suggestion whatsoever.
I wouldn't give this BOD a single penny of mine to manage...the most inept, useless, lazy good for nothing bunch!!
Okay, then how about: sell asset in Russia, get new management, old management resign/retire, acquire new asset(s) in friendlier environment(s).
Or perhaps wait ‘til it eventually sells and grab your money quick and try to forget the mistake we made
MD
ART
At the moment nobody is going to be selling anything in Russia. As for starting again with new management on a new project I very much doubt there’s the appetite for that amongst PIs. On top of that how easy do you think it would be finding a new project?
We need everything in the Ukraine to normalise and we have to hope that when it does nickel is still an EV battery critical metal.
TDT
Wait until the conflict is over, hopefully at point no sanctions preventing a sale, sell the lot to whoever, take the money and don't look back!
Re-invest that money in a good company, with assets, in a friendly country with a BOD who have skin in the game....else stick it in Footsie 100 company for dividends, added bonus we'll all get a good nights sleep!!!
I don’t think we can blame the BOD for Putin. We had a sale agreed at circa 7p. Wars don’t last forever and the mine remains a major strategic asset that will get built and used for EV’s. Frustrating to bottom drawer this but with patience I still expect to emerge with a profit but it could be a long wait. Glad it is just a small part of a diversified portfolio. GLA
I was looking at the sp recovery from its lows. We never discovered the potential buyer. I assumed they were Russian and would buy in roubles. The rouble tanked but has recovered strongly. If the deal is merely delayed as opposed to dead it helps to explain things.
Oh come on sageman, did you really believe there was a deal?? Never was and unlikely ever to be one with RY at the helm. If we can claw back to 2.5p then I’d say that’sa great exit point
Roger, are you a Russian in disguise by any chance? If Sageman sells his shares for a measly 2.5p I bet I know who's buying them Rog! Building a position here by any chance Rog? One negative post after another, you are not having my shares mate!
ART123 came close to getting it right on Sunday at 07.38.
The one intriguing thing for me is the proposed sale price. Its the same as the figure being discussed prior to the war in Ukrinse starting so it doesn't look like that has affected what the buyer was prepared to pay. Its the payment terms that's the problem. £85m in one chunk, no strings attached, is one thing but payments being strung out into the next decade! That's just pizzing on what is already a pizz awful deal.
They're going to struggle to get this one approved by investors.
TDT
TDT
Hes going to take it to production, and then pay us from that No Thanks
The buyer has probably got funds in place to start building it
Who's going to weight years to be drip fed ? Half the investors will bail
Note the purchase price is in dollars again, could of sworn it started in £ ?