Member Info for Bladesman

Pray, who might henry the janitor, be. Its a big purchase for someone on min wage!

£300k for me.

I've messaged my broker ( none of those mentioned) and will post their response. Will put 1.80p limit on my 6 figure holding tomorrow in any event
Rgds to all Lth's.

It's news to me that my property (shares) can be loaned out without my agreement. Surely this can't be right? I hold a significant amount of pmo through three well known brokers so I am going to ask them if a) is this possible and legal and b) if so, have they done so.
If it helps the cause I will set limits, at 1.80 p
Rgds to all

Zama - great, Sea lion - not sure unless there's news of a farm out that reduces capex exposure and risk which is a drag on SP.

After all the hype over the week end. No sign of shorters panic selling just yet. Good that poo keeps rising so that keeps the pressure on and rising sentiment following US - China trade progress and Bojos election victory also helps . So, the gods are with us, I think. Let's see what the pre Christmas week brings. GLA.

Extraordinary that a plc would issue a tweet on a Sunday to correct a press article published in a respectable broad sheet Sunday newspaper. Just shows how seriously PMO are taking this. Expect an Rns tomorrow to confirm. That being the case it will be a tremendous result for all long term shareholders.

Thanks LB. Will file complaints tomorrow. Fully support legitimate shareholders standing up for our rights in a free democracy. Can't allow these unscrupulous tactics which may also be illegal.

Peter, its good to be reminded about how volatile this share is and given theres only been good news and improving fundamentals over this period, you can only conclude this is the effect of share price "manipulation" by shorting activity .
The good news is the good news continues and your post is a timely reminder how quickly this share can recover . If only TD can convince everyone that a rights issue is definitely OFF the table.
Roll on the new year !

I think so. Too much of a coincidence this happened shortly ( forgive the pun!) after the news about their non disclosure and without any news from pmo to trigger a rise. I do think the election result and trade talks progressing helped but with all other shorters reducing this must be a sign the sp is on its way up on its own merit so arcm must be reviewing their position and changing strategy to reduce their risk.

Yes but revenues in dollars so it cancels currency fluctuation out.

New topic ( and pmo relevant)!
Anyone had an update on how this went ie level of interest or follow up . Performance of sp since suggests the interest was low or passive.

Just files my own company's accounts as required and been advised by my accountant that directors loans must be repaid within 9 months of year end other hmrc slap a fine on you of 32.5 % . Needless to say there is a high level of compliance with this requirement.
Contrast this on the other hand WITH THE fca enforcing the requirement to disclose shorts positions above. 5 % aka ARCM. Can't see them slapping a fine of 32.5 % of their short position to send a message that compliance with market rules is not something that is optional. Seems the little guys get the attention whilst the big boys get away with whatever they want.

If we accept at face value (and ignore for the moment the non disclosure issue) that arcm have shorted pmo shares to hedge their loan as they have stated , it follows they do not expect pmo to fail, rather its an insurance policy in the event they default on their loan repayments. So unlike traditional hedge funds such as white box, their primary interest is in getting their money back plus agreed interest through loan repayments.
That being the case one would have thought that as soon as it becomes clear pmo will make good on their loan repayments then arcm will eliminate or reduce their short position as this itself also presents a risk for them.
So, if we are all sure about pmo's improving fundamentals and liquidity (cash flows) then we ought not to be concerned too much about a arcm' s short position. It's just a case of time before it unwinds and when it does the sp will be re rated to where it needs to be ie significantly higher than now.
Its also worth noting the traditional shorters are reducing their positions so this is evidence of improving sentiment.
Comments and observations welcome.

Doesn't look like there will be any Christmas cheer from pmo so best to switch off and hope for some better news in the new year. Happy Christmas to all and a prosperous new year, PMO and God willing. ??

The Rat! Now that is auspicious!

Re 88.88 close, What if you are Hong Kong Chinese and work for ARCM? Auspicious or audacious!?

Beer bull, fully agree. TD needs to make a clear and unequivocal statement in the Zama update Rns that the ENTIRE sale proceeds will be used to pay down debt. Furthermore any future exploration capex will be from existing funds not new equity issue.

Pmo have clearly taken a view this shorting is a matter for the authorities and the less said about this the better from their point of view.
On the other hand an update on zama bids would have been welcome and timely.
Let's see what happens at market open. Interesting week!

I expect an rns tomorrow re zama bids and comment re arcm. Subject to PoO remaining stable,I believe there will strong support for the continued rise in SP towards 1.00 . This is on an upward curve based on improving fundamentals that are getting better and better