Member Info for Ant1986

the traders are stacked towards a long position now and there is zero news flying around. Looks positive to me.

in big yesterday - 941,777 bought.

I was planning a lie down in a darkened room, regardless of the outcome, possibly for a week or two!

It's a viable explanation, although I was sure Kerimov was a thorn in their side rather than an investor coup. Not long to see anyway.

Understand your frustration and it's almost impossible to fight the tide with a small stack but value is what I look for and a load of algorithm driven traders pouring out of the market can create better value. Stick to your guns unless you trade on sentiment, which is also fine. I've been OK today, AHT doing well saved my blushes from ENRC, which in itself has done better than the wider sector as we are event based trading. I'm braced for a walk away, although I'm a bit confused what all this have achieved?

to join my filter list, look through his posts, nothing but misery, probably just picks shorts and then hammers the boards. No point replying, I won't read it.

Indeed. I'll be forced into holding more long-term if that is the case. What I really don't want is another delay.

Laughable, but then I need a laugh! :)

I agree, however naivety has a habit of not being felt until it's too late :)

Little bit heavy handed, I think it's genuinely an admission of naivety, let's calm the righteous rhetoric ;)

Tinks, I assume some of this is CPP related too!? :) I'm in the same boat but not worried about either, all part of a risk strategy that has ups and downs. I'm feeling confident about both, ENRC won't be a huge payday but we will do OK.

I have to say, if no bid materialises, this has been a very cruel game that has shown them in the worst light possible to continue with their shareholders. I know it's not a popularity competition but why on earth would they drag this out so long? It's hardly deflected away the SFO has it? I'm racking my brain as to what they have gained by this if they don't make an offer worth accepting? Anyone?

Interesting post. Or we are about to be sucker punched by no bid, well, in the short term it will feel like that to me.

This rascal will have no problem smashing it come Thursday!

It cannot be that bad if the government are keen to buy the thing. I'll be holding if the t/o falls through.

Thanks Motor. It is definitely complicated because of the sizable dual involvement of Kaz and the Kaz Government in both shares. Could they swap for zero value giving Kaz a huge own interest and ENRC. The latter could then buy all shares at market price and go private, shaving the government the difference between the wanted offer and the current SP. Would depend how much Kaz value themselves? Anyway, my head just exploded...

Thanks Queen, didn't think I had seen anyone nail the situation yet. I mentioned a few weeks ago I thought Kerimov had played a blinder as they need funds from "his" bank so he can win on both sides.

Yes, but I thought because they were part of the party "Kazakhmys Plc (which is presumed to be acting in concert with the Government of the Republic of Kazakhstan)" they are in fact not part of the minority vote? 19% of us would then be deciding on the overall deal? I'd be happy if you could pick it apart for me, as I have a confused understanding since this Kaz share swap started.

no expert by the way, but that's my understanding.

You cannot cross the line and wait 6 months buddy, you have to make the offer upon crossing the line and as KAZ are fully implicated in the offer, it's a do or don't situation. 6 months time could easily see a no vote and issue us with their company at a price they don't want to sell for.