Member Info for CAW1

'Before a buyer and seller enter into a definitive written agreement for the sale of a business, the seller may be presented with a letter of intent or term sheet setting forth the key terms and conditions upon which the buyer proposes to acquire such business. Typically, a letter of intent or term sheet is initially prepared by the buyer and its counsel after preliminary discussions regarding the proposed sale have commenced but before significant amounts of time and money have been spent on due diligence. The letter of intent or term sheet thereafter may be negotiated to a greater or lesser extent by the parties depending on the scope and level of specificity desired by the parties with respect to the key terms and conditions of the proposed transaction.'
https://www.lexology.com/library/detail.aspx?g=8c845315-877f-448b-a70b-1d9309f886f2
GLA

NN capital markets day on the 29th of November. A good a time as any to announce participation or out right purchase.
GLA

Hi Gaza, This is the trade
2021-11-09T11:00:27.397 GBX 24.5 8000 1960 UT AIMX P
Basically the MM's try and match bids and asks in the auction. so in this case someone wanted to sell at 24.50 and someone was willing to buy at 24.50. There can be multiple bidders/sellers at various levels and if not matched up they will not be filled. It is also a way for the MM's to manipulate the SP by matching ridiculous prices, just like the UT at the end of the day.
GLA

Hi Gaza, think it was the 11:00 auction
GLA

Post missing again, they don't like the facts especially the c16m figure on loan that have to close sometime. Concerted effort/noise in my eyes to try and drop the SP as much as they can to get them closed.
Fund rebalance on Thursday, loads of news to come.
Tilly, are you trialing Ortex - any good?
GLA

GMF78
@GMF782
#EUA perhaps more interestingly, Churakov back to his original holding level via Venus. Not involved with the company now, but bought back regardless after his cash call in Jan. Assume he went directly from Veles. More company news on asset sale or licences/JORC soon?
https://mobile.twitter.com/GMF782/status/1456567250572517381

GMF78
@GMF782
#EUA - interesting to see several new II on the shareholder register at end of October. Morgan Stanley, Citigroup, Emirate of Abu Dhabi plus several private banking houses. Serious players arriving for the feast. Queeld haven’t sold any either just to silence negheads.
https://mobile.twitter.com/GMF782/status/1456528158212100096
GLA

Think the MM's have a few more aces to put on the table
GLA

2021-11-04T15:01:46.187 GBX 25.95 400000 103800 Off-Book AIMX P AIMX
GLA

HI CTC, I think the licence news on Twitter was a move of the licence into Rosgeo hands. It now needs to move from them to EUA for the BOD to announce IMO
GLA

Seems sellers be bought up by 50k, 100k and 150k is still around buying away
2021-11-04T09:27:47.107 GBX 25.475 100000 25475 Off-Book AIMX P AIMX
2021-11-04T09:17:54.367 GBX 25.475 50000 12737.5 Off-Book AIMX P AIMX
2021-11-04T09:17:40.097 GBX 25.475 50000 12737.5 Off-Book AIMX P AIMX
2021-11-04T09:16:39.327 GBX 25.495 50000 12747.5 Off-Book AIMX P AIMX
2021-11-04T09:15:55.807 GBX 25.4 88744 22540.976 Off-Book AIMX P AIMX
2021-11-04T08:57:43.883 GBX 25.399 150000 38098.5 Off-Book AIMX P AIMX
2021-11-04T08:56:07.370 GBX 25.2 50000 12600 Off-Book AIMX P AIMX
2021-11-04T08:46:48.560 GBX 25.47 50000 12735 Off-Book AIMX P AIMX
2021-11-04T08:46:20.920 GBX 25.4 100000 25400 Off-Book AIMX P AIMX
2021-11-04T08:32:04.763 GBX 25.411 100000 25411 Off-Book AIMX P AIMX
2021-11-04T08:31:49.107 GBX 25.411 100000 25411 Off-Book AIMX P AIMX
2021-11-04T08:31:48.030 GBX 25.411 100000 25411 Off-Book AIMX P AIMX
2021-11-04T08:31:29.807 GBX 25.55 100000 25550 Off-Book AIMX P AIMX
GLA

Licence transfer may or may not be required to progress any firm offer - see below about permits and conditions. Agree it probably needs to be in EUA hands to release the Jorc numbers.
With reference to Rosendra and Russia being off work, they updated auction activity on Monday so someone is working.

'SIBANYE-STILLWATER said today it had signed a share purchase agreement (SPA) to buy 100% of the Sandouville nickel processing facility in France, a €65m transaction announced in July.

The signature of the SPA follows the conclusion of meetings with employee representative bodies of the seller Eramet, who support the proposed transaction.

Sibanye-Stillwater said it hoped to complete the transaction in early 2022 once it had met the remaining conditions precedent which include the transfer of permits. The South African Reserve Bank and the French Foreign Investment Control Office have given their support to the deal, the company said.'
https://www.miningmx.com/trending/48036-sibanye-stillwater-signs-share-purchase-agreement-for-e65m-sandouville-deal/
GLA

Rosendra website still not updated. Normally updates fortnightly but last update was 27/09
Still under consideration according to TPI file but BOD could have been given the nod
GLA

Matching trades
2021-11-03T16:48:32.597 GBX 26.01 485780 126351.378 Off-Book AIMX PRIC P AIMX
2021-11-03T16:28:24.057 GBX 26.011 485780 126356.2358 Off-Book AIMX P AIMX
2021-11-03T15:39:15.743 GBX 25.89 124960 32352.144 Off-Book AIMX P AIMX
2021-11-03T09:21:15.430 GBX 26.4 124960 32989.44 Off-Book AIMX P AIMX
Now if they were from traders they would have made a slight loss - accumulation IMO for the 485k
MM's controlling the SP for the 124k
GLA

Think that's the MIA landed LB 500k I think
GLA

Welcome back Tilly, do you remember the avatar of the person who had Ortex.
Would be interesting to see short position on there as we have had atleast 5m of them since Friday
GLA

Hi Chris, It is the 2nd and 3rd part of the 1.2m short trade reported at the same time and logged yesterday evening.
Impossible to tell if opening or closing as reported after hours and could have been any time during the day.
The fact the MM's have tried to hide it today to me suggests short closing
GLA

Hopefully clear to move up now
GLA

150k buyer still around
2021-11-03T09:45:58.763 GBX 26.275 150000 39412.5 Off-Book AIMX P AIMX
GLA

Evening LB, not sure if Mac is around.
Initial thoughts were 4 but then might have been extended to 6, which may account for delay in licence we have had.
https://mobile.twitter.com/RichardDugdale3/status/1447929864149995529
GLA

‘The longest chess game is 269 moves between Ivan Nikolic vs. Goran Arsovic, Belgrade, 1989. ‘
We must near the killer move!
Quite apt
‘Nor-nickel is delighted to sponsor Ian Nepomniachtchi - or Nepo as he is known in the chess world - Russian chess grandmaster and contender for the title of World Chess Champion.’
GLA