GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Now look at who's getting personal!
I'm not looking to bully anyone, seems a lot of people on here wrongly take it personally. I imagine if we had all made lots of money the attitudes would be different, but we are not fortunate enough to be in that position. A lot of people have egg on their face playing in this name, some of the posters more disgruntled than others which is to be expected. When i started buying ENRC i was well aware the company could be delisted leaving me with a stub worth the best part of F-All, so as you can appreciate whilst our current predicament is not ideal, for me at least it is a better outcome than i was prepared for in a worst case scenario. Perhaps this is why my attitude may seem a bit blase
Of course I have plenty more of it in my pocket, as part of a balanced investment strategy I only dropped a couple of eggs here but my basket is not ruined. I'm sorry if you got yourself overexposed to this trade, but with regards to having respect, you put yourself in that position! In doing so you must have known what you were risking, if not I appreciate this could be a very steep learning curve for you.
Good for you guys, at least you don't sound bitter hey! I think i recall you asking me on price targets, but hey i'm just another punter like you and Ant so my expectations were wrong, anyone making an investment thinking I have an edge was wrong and they should be punished for such naive beliefs. All along I also commented that this was super high risk stuff, so that was your disclaimer! I certainly don't feel a duty to let people know when I have sold, I am not your broker, even selling some at 300 i still believed the offer would be higher. Good news is its only money, if you worry too much then it might take effect on your health and then you have a problem. I wish you all great success with moaning to your MPs, but personally I will choose to dedicate my time and effort in other areas i perceive as more productive!
Regards bid not going ahead do the maths.... £1.75 in cash + 0.23 KAZ shares (currently at 263) implies a price of £235.49, yet ENRC trades at a 10/15% discount to this level If the market was confident then it wouldn't leave the door open for that much arb profit to be left on the table
Enjoyed this post, saying i have self-importance and then writing this dribble. The irony is strong with you!
I'm still long ENRC, and i'm now sitting on a reasonable loss. My suggestion was that moaning to an MP is about as productive as learning to play the harp when it comes to investing. The facts are Central Asian shares are super risky, we all knew that, we all made our bets and by large we are all losing. The fact the consortium have made on offer is irrelevant, it needs to be accepted. if it gets accepted then those of you seeking to complain to your MP are clearly in the minority. Part of investing is losing, but you can mitigate the financial loss in part by learning and taking the experience forward with you. Get over yourselves!
good luck, alternatively man up and move on, learn the lesson and become a better investor without wasting your time telling an MP who I am guessing couldn't car less about investors. End of the day we are buying equity, whenever you buy equity you stand to loose your shirt!
Ant, what do you think your MP is going to do about this take under?
Natural knee jerk reaction as the supply from the M&A arb guys hit the market, now in KAZ we must trust!
At least we are going to get something back as opposed to a two finger salute a de-listing!
Kazakhstan's President Nursultan Nazarbayev met with President - Chairman of the Board of JSC "Bank VTB" Andrei Kostin. As reported by Acorda , a meeting was held at the Hog. The meeting was also attended by the deputy head of the presidential administration Sultanov, a shareholder of LLP «ENRC Kazakhstan» F.Shodiev and First Deputy President - Chairman of the Board of JSC "Bank VTB" Yu.Solovev. "During the meeting they discussed the main directions of activity of the subsidiary bank in Kazakhstan, as well as the participation of VTB in the development and diversification of the economy. Nursultan Nazarbayev noted that "VTB Bank", being one of the largest banks, not only in Russia but also in Europe, has been actively involved in lending to the private and corporate sector of Kazakhstan ", - said in a statement. President drew attention to the need for increased co-operation for the development of entrepreneurship in Kazakhstan with the functioning of the Single Economic Space. In turn, the Chairman of the Board of JSC "Bank VTB" said VTB Group is actively operating in Kazakhstan. "We have plans to expand cooperation. In addition, the integration processes take place that increase the possibility of cross-border business. We are interested in working with large local companies, which are now entering the world and European level. So our goal - to explore the available opportunities here, "- said Mr. Kostin. During the meeting, the report says, were marked by long-term aspects of the mutually beneficial cooperation in the context of our ongoing efforts to improve the country's financial system. VTB Bank - Russian financial group providing services in Russia, the CIS, Europe, Asia, Middle East, Africa and the United States. The subsidiary bank is present in Kazakhstan since 2008. http://lsm.kz/prezident-rk-vstretilsya-s-glavoj-banka-vtb/
VTB Bank may Finance ENRC VTB may issue a large loan group ENRC. Perhaps this was discussed during the meeting with Nursultan Nazarbayev, the president of VTB Andrey Kostin and shareholder of ENRC Patokh Chodiev. This opinion was voiced LS analyst at investment holding company "Finam" Anton forty. "Most likely, the issue of funding. I do not think it will be a free help. It is quite possible that all three parties were present to discuss the terms. I do not know whether it is appropriate to call it by, for sure, it was a large loan for some favorable terms, "- Russian analyst believes. According to him, VTB is currently looking for ways to aggressive expansion of the funds received as a result of SPO. And cooperation with ENRC in this case can be very handy. "VTB recently spent SPO in Russia 100 billion rubles. And they were faced with the question of de-capitalization. It was difficult to find the cash to monetary expansion. Now, in principle, this issue has been resolved and VTB in this plan seeks aggressive expansion of the money that he has already received, so it seems to me such a big client he would say in the jargon "in the subject" - says A.Soroko. http://lsm.kz/vtb-mozhet-profinansirovat-enrc/
The market is down, the sector is down, no surprise ENRC is down, its an easy target to shake out nervous investors. your choices 1) Buy more 2) Do nothing & hold 3) Sell One thing is for sure bid stories are not for the inexperienced investor, neither are mining stocks, and certainly not central aisan related issues!
or 4) KAZ do a deal, minorities get stuffed as company gets delisted.
a) yes b) WTF? assuming the bottom is lower than the live price then surely anyone could pay less to buy the "bottom" c) if 300p is the bid then there is lots left on the table for everyone right here right now at 230!!!
This afternoons RNS for AQR is disclosing a short FTSE futures positon, this is a bit unconventional is it not? The only reason why they would be doing that is if they were short the Futures and long every other constituent, thereby creating a synthetic short on ENRC. Now I hear you ask why would they do that? Well I might suggest that there is no stock loan/borrow available to do conventional shorts as it's either a) all been recalled to tender in the vote b) its all been loaned out as the bears put their positions on.....I guess in grand scheme of things largely irrelevant but maybe we might see a bit of a squeeze up ahead of any bid. GLA
All depends on their motive, I'm sure that the existing stake the govt have was for free, so why are they now interested to pay to own the company? The oligarchs are investors motivated in protecting their investment and making money, I suspect that the Govt. motive is more an exercise in saving face....still if 320 is the number then i' a happy trader
Less than a week to go, very little optimism in the share price. Funny thing is even if the t/o falls through this is still an undervalued stock that can genuinely deliver capital growth over the medium to long term despite the head winds of an SFO enquiry. Also interesting to note the relative outperformace versus the sector (NMX1770).....GLA
Sounds like you've thrown the towel in already on a bid materialising....still 75mintues to wait! My bet is extension RNS after the close....