Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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EV now same as last seen 6 months post BKR deal ..... way to go Serica Board !!!
General, the market is at nearly an all time high so can rule out 5. O&G shares have fallen out of favour with the market due to our socialist government.
With the deal vote on Friday and if it goes ahead, sheer dilution will suppress the SP for years. Saw earlier that Miller Homes are fitting a heat pump to every new home from 2025 instead of gas boilers. More will follow. Every company will at some near term stage switch from oil and gas to other methods so long term O&G shares will be sunk. The Green Revolution will be starting soon if not already.
One can only assume that the vote is a "yes" vote, those that are not happy with an inside view are selling.
Seller in the house I could by 30k shares under asking, volume to shift. So have added a few
i think this does need to be called. Personally i have never liked going to that extreme,but i am afraid this company is now being destroyed day by day. So there needs to be a change of tact. Which beggars the question as to why intstitutions are not furious about the goings on here.
Nobody is shorting gas @ $3 IMO ...
Well, shorter's have taken the opportunity offered by our BoD.
Totally destruction of SP over past ~4 months from 452p for a deal that on the surface should never of even been given the time of day. Many PI's will have already reached capitulation point, some waiting for that buy point. Without SP bounce I would have thought the chances of that 5% EGM would improve significantly. SP volatility is name of the game atm, where she will go, nobody knows.
atb
aimo & dyor
without the deal we are now valued at one hundred and eighty million cash stripped out. columbus on its own must be worth that.
the sooner this is over the better now inmv. im tempted to dump stock to drive the price down and maybe force a predator out. it shouldnt take that many shares to drive this judging by the sizes that go through
Is it down because of
1. Fears deal is going ahead
2. Fears deal is not going ahead
3. Gas futures down circa 10% today
4. Uncertainty of 1 and 2
5. General market malaise
6. Bit of all of 1 to 5
agree more than possible but when gas prices are depressed during a recession businesses tend to all hold back, we loose some to the wall
See my previous post - I did say call an EGM at some point
why not go the full hog. 1.78 is more realistic. Anything below 2.50 will almost certainly attract a predator inmv. I know i would definatly be a seller with an offer above the three pounds mark as market conditions together with this tax has changed things , but you never know hmg may reduce the levy come the budget and summer months.
if this hits £1.80 in 2023 i'll buy it, overall good share to own
Had to take you off filter to see what rubbish you are spouting, wish I hadn't bothered.
Interesting you are so keen on keep resurrecting a thread you started 12 months ago, sign of paid posters.
Back on filter ....
aimo & dyor
Took a few myself - GLA
The vote as far as I understand is not the end game. Its only to make the shares available for the end game. Then we have another 2 months for the deal to conclude. So plenty of time to get together and call an EGM and stop the rot. We will need just 5% to take action
Another buy today @ 260p .
Was not expecting that order to execute .
Margin much better then November and spare cash after sells yesterday as USA tec rebounds one reason .
Since last looking on 17th November below it had a bounce to 317p on 30th November .
But been falling since .
And yes upomega all the advise you read on boards I think very costly .
Only some are genuine small private investors .
Better if there was less dross and others just posted trades , that would expose the rampers / shorters .
They would then post under new names .
Weird, there is massive support for this currently yet the price goes down?
Also Merc will technicaly end up two hundred million of our cash balance due them having a thirty percent holding. That alone stinks inmv As you say it is some kind of reverse takeover. As posted many times by other posters. Why aren't the larger holders saying anything.
Fall in SP would for sure open the door for an hostile approach (~300-400p) ..... Given the completion date is ~March, this would still leave time for such action although a long-shot .... The actual detailed for/ against percentages will be interesting and will guide decision going forward. Hard one to call, so at very least our SP will be under pressure from the off and will take a few days / weeks to settle, either way.
I have for some time now expressed my thoughts on how PE would takeover SQZ, for the life of me I didn't expect for one nano second, our BoD to be complicit. This deal is being presented as us acquiring Tailwind, where in reality it's full-on Mercuira PE acquiring us via reverse T/O !!
Few hours left to vote .... please do as you never know, it may be your vote that is all is needed to stop this deal.
aimo & dyor
A real conundrum, thats why I have previously stated that it may go up regardless of the vote
Looks like the market is factoring in Friday's result but not sure which way.
Bought more today
It's more likely to do with gas falling . Added to that seventy five percent tax. Apart from the dividends there really isn't much to like about this for the foreseeable future inmv. It does add a buying opportunity the more it falls though.inmv
IF it is a YES , the real question has always been and still remains ''Why have the major SH supported the worst deal since Gordon Brown sold the nations gold at the base of the market'' ?
Why are the Hardys ok seeing their vast fortune trashed ?
As NewKOTB has commented , there must be more going on here than meets the eye, or maybe given what else is occurring in the country I really have woken up in an episode of the 'Twilight Zone' ....