Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I wonder if the appointment has anything to do with the transfer being fully signed off after all it's taken a while to appoint him since it was part of the agreement which was finalised in mid November. Anyway, if my suspicions are correct I don't know why we shouldn't be reaching previous highs and even surpass them considering a rising spod price and more importantly a much large resource. That's not to mention the future gold prospects... Come on Bernard, issue a blinder.
The short position will be a lot higher than 6% as you are only including Hedge funds with positions over 0.5%. There will be many more under that amount. Remember what happened to VW and Porsche. I wonder if similar tactics will be applied here, if so then this could really rocket.
That's sad to see. I think the whole fiasco with Kelvin started the decline and it never was the same after that. I bet he was glad he got out with at least something. I see he has taken a 25% stake in sealskin. It will be fascinating to see how that comes along.
It's just ridiculous that a few thousand shares traded can knock 1.5% off the share price. No wonder many companies are wanting to leave the LSE. It seems the manipulating algos's have control for the time being.
I think they probably have had more bids. Perhaps though some predators wouldn't be particularly interested in the brands like Top Shop but want the technology, logistics, customer base etc. We know who would be at the top of the list for wanting the brands though don't we!!
I doubt we will have a gold update before then but it will come and when it does it could be a blinder. In the meantime it's good to see everything progress at Bougouni and I think we can safely say that spod has bottomed and is on the rise. I'm still perplexed to see the share price at these levels but in time it will go back up to where it should be.
Asos and THG are in the same predicament because they have both had takeover offers but the large holders have blocked them. The hedge funds have pushed the prices down to very low levels where it has got to the point where the risk reward is out of favour. Any whiff of a bid and the price will explode.
Both companies have bright futures as you only have to look at the high street to see many shops closing down. They have the technology to deliver and with an improving macro environment and falling interest rates they should rebound fairly quickly. Let's face it, the large shareholders of both companies will have a better idea about online retailing than the hedge funds shorting and if they have turned down bids more than double or treble of the current prices they must have a strong inclination to what the future holds.
Surely though if they have had potential offers which they have refused and then allow the large shareholders to dilute the small shareholders down to virtually nothing it would open up grounds for legal ramifications. The BOD have to act in the best interests of all shareholders not just the large ones. I would have thought that if they did indeed intend to do this it wouldn't bode well for the BOD or the large shareholders for that matter.
I wonder what the real free float is now considering 75% of the company is owned by a handful. Most holders averages are on the whole a lot higher than the current price and will just wait until the price recovers. I would say this could swing very quickly with any good news as it has been way oversold.
Yes, I think you are right sj as Povlsen owns over 10% of Zalando. The added wealth will make him feel a bit more bullish and it might be enough for him to have a go here. You wouldn't want to be shorting this right now would you?
I can't remember seeing an RNS with regards to thee completion of the sale of Bougouni West to Leo. The original agreement was for $2m and royalties if I remember correctly. I assumed it was on hold until Leo sorted their issues out. Can you provide any further details Accionista. Thanks in advance.
Simon - With regards to friends with the BOD etc, that will go out of the window when it comes down to money. Money is their best friend and that's where their loyalty will follow. One also have to think about ego's and rivalry which are quite high here between the two major holders. Barker no doubt will go where the money leads him. I will be surprised if nothing happens here within the next 6 months. The first sign will be shorts reducing no doubt, as they seem to get the thumbs up before the official leak.
Perhaps it's time for CityAM to start digging the dirt on these vultures for a campaign to get rid of them once and for all. They serve no positive service to the city, they are just aiding company's to flee the LSE over valuation concerns. The FCA and Government know this but they do nothing at the fate of UK business. It stinks...