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I might join the FIF buying train. Seems like LDG will continue until they get some sort of controlling share or at least shareholder sway.
Nice to see stability in a wash of volatility
#Dbaywetrust
Hopefully administrators get a 3rd independent party to price the assets other than Kroll. Along with speaking to Kroll about possible flaws in valuation.
They are doing the best they can at pricing, but without over 18 months of audited statements lack of onshore current knowledge. Surely Kroll can admit there valuation could be significantly off the mark.
Hmmmmm. How lucky! "If and when completed, the sale to UMMC is for a total consideration of more than US$600m. The Administrators anticipate that the sale proceeds will be sufficient to pay the creditors in full but without any return for shareholders."
Very convenient it equals the exact amount they are due. This is the point to press on behalf of shareholders.
Very suspicious and what court should be looking into. Afterall the Market cap was only roughly $40m towards the end, so small change in sale price impacts shareholders greatly.
Good luck all.
367,347
I'm no expert on administration proceedings. However, a Russian company at this moment in time going through courts to claim (not audited) their assets are covered by the liabilities and to call shares worthless is surely going to raise sensible warning flags in current climate.
I agree its currently zero. But company is still mining refining and selling gold even today.
I think we will now have months of this share staying close to where it is. (hopefully slight rises). Very Beta resistant.
Its under valued. But another share buyback isnt going to happen. It costs money and didnt work last time.
Its valuable to Dbay as a pot of cash they want to use. But how to use it on an investment is going to be tricky and just a pot they dip into from time to time like Caretech idea.
I think at this point we as investors can he happy that DBay are trying to utilise this cash for the betterment of shareholders and at some point it was wash out to a true market level.
I think if you want excitement this isnt the stock to hold. But if you want still a 5% return by End of year and no reason for a drop. I wouldnt look no further
I am holding and looking at other opportunities in the meantime.
Agreed. Not a done deal. But Caretech price suggests it must be a close to nailed on thing.
Caretech up 20%. LDG should be up more with this news..... Back to 14p by EOD i reckon.
Still seems positive even if they lose the bid, as DBay own caretech shares. If they still sell at 750p this is a good fundamental return of investment.
https://www.proactiveinvestors.co.uk/companies/news/985871/caretech-board-recommends-offer-from-founders-farouq-and-haroon-sheikh-985871.html
Caretech results published this morning. Seems still a solid company although profit margins squeezed. Not sure if it changes bid price.
I hope they don't extend the buy-out period any longer. Im keep to see some realization in plan.
Sorry to hear your not doing great.
I get the feeling we are far from the bottom in the wider market unfortunately. DYOR.
QQQS saved me a few $ this year.
Glad to see this bounce. Lets see what happens at end of June.
News is going to change the price of this.
Not trades across the trading day.
A good indicator i would argue is MOEX share holding. I just get the feeling those pesky Russians will have the knowledge onshore of what is about to happen before the next RNS is announced. That's my barometer anyway.
Here's to hoping the next RNS has 1 ounce of positive spin to it.
Least Pog didnt match rest of world Reds yday!
Perhaps someone is needing the cash to cover margin calls with market as they are. Cant see why its falling.
Calm down Tiger. I think no news for a while yet. They only last week re-organized the reporting to get 2 months of breathing space.
This has the potential to collapse due to cashflow issues. But if some grace and breathing space can be found. The fundamentals of the business are solid.
Here's to hoping a cashflow solution is found.
Call me foolish. I'm keeping the faith.
If you have invested at this point you know they outcome is binary. 0 or a multiple of now.
All the best.
Filter is fantastic. Tomski/Lawrence/Tasteofit. All one and the same person me thinks.....Can wait for his next username to turn up.....
Bonds at trading at cents so the brankrupcy is built into share price.
They stating this changes not much in the main holders view. Just retail investor panic.
I am confused however why they cant release last years results. I do worry about that. I cant work out a positive reason why.
Thoughts?
This board is a real struggle to read at times.
The company is having to deal with ever changing sanctions and restrictions. The paperwork and legal hurdles they need to work around here will take weeks not days. This no news malarkey is because the are working hard for solid updates that will take weeks.
I have faith the company knows a path to prosperity and will take a few months to get there. All this daily scare mongering is just making me think i come back to this board in 6 months and see where the chips lie.
Ciao for now.
Yes. It struggled to move north during the large stock buy back. The fact is gently moving north now, means someone who already holds a good chunk of shares is stocking up on some more. That's my only thought. Hopefully a positive sign.
I don't think this can explode north at this point. However I see no reason why it cant realize a fair market value and has limited downside and good upside potential.
Lets wait a month and see. Even if they lose the bid I cant see this harming the price.
All the best Pat
My guess a very short worded RNS before midday......lets see.