Member Info for BeardedDragon

I would also have added but with the current FTSE bloodbath, there are safer options elsewhere to make an easy profit. Solid companies like RR, IAG, BP, Shell, Barc etc have fallen nearly 20% since Thursday.

This time last year the SP was 170p so that is roughly where I see the bottom.

The problem is that with most portfolios having dropped 15% since Friday morning, many private investors can only afford to buy on the dip with cash accrued from selling at a loss. If we all held £5,000 in cash, then this would definitely be a buying opportunity. Unfortunately for me, I can only buy with funds acquired from recent sells. Not much profitability there.

Where is the bottom?

Not the wisest forecast, Tiger. Glad I held off buying.

No it won't. Watch and see.

With the Hang Seng down a massive 11% this morning and other markets likely to follow, we cannot expect any positive news today I fear.

Who has suggested that Sidara were surprised by the review findings? A very strange question for you to ask, Wiggly.

You are talking absolute nonsense AGAIN. Any refinancing would certainly NOT wipe out equity holders, so please stop talking out of your backside.

Having myself worked in the Financial Services sector in the Arabian Gulf for 18 years until recently, I would not trust the board of Sidara as far as I could throw them. If the bid was from another source such as Worley from Australia, I would feel much more comfortable.

So we really need Sidara to walk away or for their offer (assuming it's low) to be rejected. Thanks for clearing that up, Ice.

From my understanding, IC believes the SP will be over 200p in 12-18 months time and so WG shares should be held until then, a view which sounds plausible in normal circumstances. My question is what happens if WG do accept a low offer, say 75p. If we as WG shareholders don't wish to sell our shares then presumably the merger/takeover means that we will automatically become Sidara shareholders. Not sure how that works given that Sidara is privately owned. Having seen what happened to SXX share value when Anglo American bought that company for a song, my fear is that we will never see the 200p+ value in 12-18 months. If WG reject the deal and/or Sidara walk away, does IC still believe the SP will rise to such dizzy heights given the massive debts which will need to be organised?

Robert, the guys at FCA are probably laughing in their beer at your suggestion that anything other than a positive view of a stock should be punished. Really! Please grow up and let posters express their views on here. As a long tern holder of WG, my experience is that there are far more rampers on here than the opposite.

I notice that an extension to early-May has been granted to ENQ for their reverse takeover of SQZ.

Even gold miners like Hochshild Mining are down today. Have just bought shares in a lesser known company down over 15% this week, called Barclays.

Just bought at 242p for the very first time.

Any more useful tips LWHL? Glad I kept my money in my pocket. Mind you, not your fault.

Down another 5% right now. Looks like 375p may be the bottom.

What's your tip for the Grand National?

Please explain what you mean by "book just flipped", thanks.