Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I sold out at 54.90p. My reason - this isn't going to be sold. Not to Medco and not to some mythical white knight. Investors are gambling that they can buy in, scupper the deal and put in their own team to extract value by whatever means possible including divestment. The opportunity will be to buy a sharp drop as the deal collapses and parties aligned to Medco bail out. Hopefully the current board are stripped out and replaced.
My two pence worth, it will be sold and not for 55p
So we agree, I just happen to think there will be some kerfuffle in between. The incidence of White Knights stepping in at the last hour isn't high enough for a convincing bet at 55p with any serious amount of capital unfortunately. The time to take a gamble would be on a sharp fall in the price should the vote fail - and it is looking increasingly likely that it will. Some suggesting Medco may be pushed into upping bid to 5p "to get over the line" - if so - woopdydoo - hardly worth hanging around for when other shares offer better value at far less risk. I think the recent investors are conspiring to scupper the deal and put in place there own team, I can't think of another good reason for them to be acquiring now unless we suggest massive insider trading is going on.
Romeike,
Here's what it think. This deal is not as clean as some would like and a few twists 'n' turn along the way.
As you are an avid poster (lol), I'm sure we have not seen the last of your "two pence worth" here as you clearly have an agenda imo. Timing is everything, is it not !
gla
LC,
"A top hedge fund wouldn't be taking 15% Long position at 54p+ by CFD..."
By having CFD's Sand Grove et al, would mean they are 100% confident of a sale higher than 55p imo.
Why, 100%, how else would they all be able to unload so many CFD alongside actual shareholder if the deal was to collapse at a price above what they paid ..... ie get out without being burned ?
These are pro outfits, who clearly are looking for a decent short term gain that they feel is a no brainer.
+20% return on +£50m is not bad at all for a few weeks work.
The speed of their accumulation tells me that things are about to move rather quickly, I guess next week we will find out.
The only other option is for them to gain +30% and take OPHR for themselves and asset strip, an option that does appear to be gaining ground rapidly. If so, in that case they will offer more than 55p for certain.
aimo
Please ignore last para, still not woken up !!!!