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I’m in.
Hi Malaysia. Well I thought it was a good idea, not sure the pair of us would make a difference (although I do have a very big holding here). I was hoping for at least several or more to act as one voice, if the holding is big enough then us pi's can make a difference. Anyone want join myself and M?
The main reason is to act as a single block, one voice which can communicate with the board and be heard.
Don't often publish positions old fruit. If you make the assumption that 'x' person is not a shareholder then you may make another assumption that the HNWI's are not hedged and will not be conserved from placing dilution.
Want a positive? There's a rig, not far away...
That is a very good idea, I am a large shareholder and am happy to disclose my position to you privately.
Negative Nigel is back. Why don’t you just be honest and admit you’re not invested here Nigel?
The first point you raise is a concern, which is why I will be looking closely at progress in the next update and keeping an eye on the cash position, but overall I would far rather have this activity from major holders than not.
I wouldn't let the presence of major shareholders blow your skirt off. For one they could be invited to participate in a placing moreover you can be certain that a HNWI sophisticated investor will most likely be hedged!
Are you hedged?
I understand why we all want to speculate about things like Obee, but I will stick to two things I know as fact, the first is his leaving has coincided with two major shareholders increasing to own near 20% of the business, and being happy to buy those shares at the current sp. The second is that I am sure these individuals know a lot more than me, it is that which keeps me here.
The change in CEO is probably down to the big shareholders wanting someone who has contacts to get finance and funding. Harry Baker is well connected. The fact Brimacombe increased his holding to over 10% followed by Mason to over 7% is a sign they approve. There is now the pressure on farmout partners to farmin, or potentially lose out to BORs own funding and finance through the new CEO's contacts.
The one thing that does bug me is why Obee left at such a critical moment. He wasn't just the geo guy but also ceo, if the geo and technical side was truly finished there's still the job of ceo and the fund raising. Did he leave because he knew he lacked in this area, or was he pushed as I suspect- asked to resign admirably. His statement that the revised development plan would make farming out much easier hasn't yet come to fruition, there's also the question as to why the revised plan wasn't marketed years ago. The one thing I do like are the new investors and increased holdings my existing ones, without this- I would be a little worried, like Ant says we must have updates. I am planning to go to the AGM this year and I can represent fellow holders with one voice, I am thinking of forming a group in which we would all disclose holdings confidentially between us to give us a bigger voice and more leverage. Thoughts?
Well I hope for some progress Anth, and one of the 50k buys today was me. ATB
Hi Phil,
I just hope that it’s not a rinse and repeat update as I’m really f’ing bored with the complete lack of activity and updates. Although I suspect the lack of activity is the reason for no updates !!!
Some of us have been here since before Darwin so it’s about time we saw some flies landing on this red hot turd. It’s f’ing gift wrapped for gods sake !!!
All the best to us all and have a good weekend.
I reckon we are looking at the end of May, there really should be some progress, we have RKH now awaiting their final decision, could be weeks, could be months, but I have a feeling H2 of 2024 could be interesting.
Atleast it’s a true reflection of the price as gus says,we would all rather this than volatile swings that don’t reflect the true share price. Right now when we move we know we have exhausted that level of share price and up into the next leg. 3’s won’t last long.
At the moment my take on the whole book is that it's managed/ manipulated. They can drop the bid/ increase the bid and do anything with the ASK which pretty much means they are playing both sides of the book. Nobody else is involved because there is no volume, no volume= no profit. However its good, because the squeeze is to force selling and when they are done, they will do the same in the 3's.
For what it's worth, they were SELLS. Sold just over the mid price, selling is somebody else buying and I actually prefer stocks going up by bidder action. Nobody cared to mention the 3.02 trades (300k) were also sells, very little buys all day.
They are buys. I was getting quoted the same price to buy. The quote was 2.3/2.98 at the time. Not 2.62/2.98
But at the time of the trades the quite was 2.62/2.98 so that surely suggests that they were sells. Moreover the second and third trades were done at slightly lower prices, which again suggests they were sales.
They were buys. As Market Dealer says. The timing of the trades gives it away.
I think they are buy cos the timing of the trades, have a look at the other trades before and afters....
I could be wrong ..... where is gus ?.....Cheers, ATB
MK they are sells mate, which is a good sign, they are having to pay more to fill a buy order they must have around the 3p mark. They’ve been on it for weeks so expect a monster buy to roll through soon.
I think they are ***BUY***...IMHO
275k trades ? Buy or sell ? The mm are playing it here....IMHO
MMs playing games again I see