Member Info for BwanaMakubwa

Could well be II went up by 37.8 million with same file date of 20th July 2021-weird mine are still at Equiniti.

Someone on Telegram just posted a Bloomberg snapshot of holders.As of 20th July the big seller has been Equiniti, selling 29.9 million shares and now holding 6.9 million(most of that remaining balance is my SIPP holding).Bloomberg is unreliable as many holders are irregular with their filing, however,in this instance most of the filings were updated on 20th July 2021 but with some exceptions, for example Lombard Odier with 59.7 million shares has not filed since December 2019.

I have heard Legal & General is quite a good share Wasa:))

I would love to know of all the buyers in that placing (note the term buyers, not investors) how many actually kept their shares or indeed added to their position? Not many is my guess. One of the book runners who took a substantial position was one of the flippers then-outrageous really. But I guess it raised the money it needed and allowed us all to but cheap shares.

All brokers specialise in fund raises-that is their main source of revenue these days.

Yes-they have sacked Singer as there NOMAD/main broker and appointed DE Shaw.Maybe someting to do with recent share price collapse and lack of proactivity by Singer-but that is just speculation on my part.

Hi Tony-apologies, I am no expert on Rainbow as I do not own shares in it. The point I am making is that it is pointless and pathetic to be continually going on a board of a company you do not own shares in and ****ging it off. Fine come on once and make some legitimate arguments, but to be continually doing it so vehemently is childish and pathetic as our friend Dumbpunter appears to be.

Dumbpunter-I would rather pay high taxes for security of production than rip my host country off and get my mining licence suspended like your favourite company Rainbow. Plus our true value add will be at Saltend where construction has commenced. Now go back to the Rainbow board and comment over there. Fortunately we are not so childish/pathetic to be continually posting on the Rainbow board where we do not own stock.

TDT2-I see your logic here, but disagree with it. On the basis that none of us will really know until we see the RNS,I would argue the following:
-JM is in the driving seat big time now with the cornerstone-Vale, Glencore, BHP, Teck, Orion and maybe even Anglos or Rio would probably all like to cornerstone this deal-probably with a contingency of first bite at Vermelho. This gives JM big optionality and pricing power on the equity.
-As has been argued on here by Wasa and others-we are currently capitalised at US$168 million-at current prices the $100m of cornerstone equity equates to 37% of the total equity after the deal. I think the cornerstone could well end up paying a fairly decent premium to our currently very undervalued equity price if he wants the full US$100m. Alternatively the shares are forced up pre deal to make the maths work. That is why I, and I guess other LTHs on here, have been adding on the recent weakness.

Hi PreNut-just downloaded it and automatically installed-really easy even for a dinosaur like me.

Hogsipe-on Telegram,I managed to get it onto my PC.Also installed it on my I-pad and MacBook Air with no problem, but not on my rather old and useless Android phone.
Yes,bizarre how Dumbpunter,Hammy and Charles H just disappeared.I think Dumbpunter got his arse handed to him over at Rainbow.

Hi Dible-apologies only just saw you post, but I see Joe has provided the relevant link.

"I still FWIW think most of the price forecasts are on the bearish side and ignore the fact that nickel is indeed a 'boom and bust' metal we have seen that several times in the historical data. We could so easily be over £30k/t by around 2025 if demand rises at/or above expections. Historical underinvestment is our friend here. GLA".
Could not agree more with you more Wasa-excepting a Black Swan global event-nickel could easily be $30k/ton by 2025.Just think this is not just EVs it is also the USA's $1 million infrastructure investment, plus logistical/transport developments around the developing and developed world.By 2026 I strongly predict every mutual fund, pension fund and hedge fund around the world will be aggressively buying green metal stocks-they certainly were in 2005-2011 in the last super cycle-I witnessed it first hand. Infact I would go so far as tp predict that you may get some of the very large hedge funds and certainly PE funds looking to buy whole companies or certainly mines.

"Somebody contacted the company recently and were told it was a private investor selling. Can whoever that was confirm that?"
TD2-that was me.I was also told a lot of the selling was Canadian.
As an aside I was also told "Freedom day" induced a lot of selling-but fortunately I was not born yesterday and did actually know that Canada did not have a Freedom day" :))
Another explanation that may be a reason for recent selling, but does not explain the months of selling is the FCA closure of Pello Capital-Pello did a lot of T20 trades (essentially leveraged trades that you can roll over at a small cost on expiry) which may well be attractive in HZM from traders expecting a big short term move on finance.Closure of Pello as resulted in forced closure of all T20 trades they conducted for clients (rather like the IG situation a few months ago).Anyway Pello has certainly affected 2 of my other holdings PRE and IRR and may have caused some recent selling here too.The joys of AIM investing-the sooner we get off here the better:))

Thanks Hogsnipe-very interesting and indeed very encouraging to see so much money now being actually allocated to green projects.I remain pretty sure we are in line for an ATF grant and am hoping for £10-15 million.However,I believe it is the validation given to Pensana by one of these grants that is where the real value lies beyond the actual monetary awards.Recent tweets showing work going on at Saltend and Longonjo give me great confidence that we are cracking on full steam ahead.After a quiet period of news flow I am expecting regular updates going into September as we move towards completion of finance.
By the way Hogsnipe are you on Telegram? Much better populated than LSE and many on there who appreciate your posts.Quite a bit of banter, but also some excellent, knowledgeable posting.

Totally agree TD2,i t happens every time-it looks like clear manipulation to me.Well hopefully whoever is orchestrating it gets no stock in the deal.It has become very tedious.

...recovery in nickel today as metals get smashed.

Vauxhal Viva (used to be on LSE) getting quoted 7.05 to sell £5k.

Hopefully that is a hint Luke!!

Amaretto-excellent summary.