focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Also took some more.
GLA
I see the shorts steadily increasing in the run up to the AGM, just to add a bit more pressure, if no rabbit appears in the meantime. Being no expert at all you would think the short position might add another 1% or slightly more between now and the end/beginning May/June? They will have seen the Kelso announcement and the man child rantings (I've been catching up today over the past few months timeline) in order add short-term fuel to the fire.
I will start increasing when we dip below 60p, that could happen starting tomorrow, 55p would be my preference, but anything below 60p I think is going to value out on a multiple, at least. So surprised (and paradoxically not) that after reviewing the past few months talking points that nothing has changed. Surely NOW it has to change, cannot see the shareholder value still being in the toilet come the last quarter of this year, something has to give and if MM cannot give long suffering shareholders (including now most of the 65%) that meaningful tangible value, it's time for a change, step up TL, you'll have my votes.
GLA, and in the short-term that applies to the kong man child
Afternoon all,
I jumped out in the New Year, leaving a nominal amount of shares. Is it worth getting back in with a larger stake at this time? Just taken a luke warm bath over at PFC, not enjoyable at all, you take your chance though.
Looking to start increasing again here, looks like Matt is up to his usual antics, may jump back in to a much larger scale, being a local lad an all.
GLA....still put up or shut up Matt (although he does have valid opinions regarding DARK)
Cheshire is a great place Tony, everything you could ever need right on your doorstep. I count my lucky stars that I live in Cheshire, there are a lot worse places to live and work. I mean imagine living and working in London and having to deal with Sebastian, Henry, & Tarquin in the bars & restaurants frequented by the aforementioned Shorters.
GLA, whatever you decide between now at COB tomorrow.
Looks like 15p is the price then?
GLA, stay sane
The funny RNS recently and today's appears on the face of it a pre-emptive warning to the Shorts, FWIW.
Possibly a leak the other week regarding advantageous terms or takeover approach, fits with the "possible" suspension. Have to say a takeover at 50p looks good at this time.
Best of luck all, I've trimmed and sold 50% of my holding to preserve cash. Will watch with a keen eye for the remainder of today and tomorrow. Could go either way, company being robbed from shareholders my bondholders/shorters, or, set-up for a very low ball "acceptable" to all offer, vey fishy indeed.
GLA, stay safe (mentally)
PC writing in CAPS now, he/she must be getting worried.
GLA
I know we all had a moan regarding the timing of the RNS the other week and the paradoxical nature of RNS' and those that weren't, and rightly so as it seems to very odd. However, and just to state, that bar the recent stifling RNS, the past year RNS' were obviously timed for the impact, which was generally received well and accordingly reflected in the upward nature of the SP at those times. I'm hoping the RNS that we are now due will do the same and discounting the 'odd' RNS recently will the BOD be trying to continue the impact that the previous year RNS' did have, which is fact.
Albeit I'm hopeful, a large dose of scepticism is reserved for the big reveal, so to the BOD:
"prove me wrong regarding the doubt you have fostered upon the humble PI"
GLA
Eerily quiet on here today, low volumes?
GLA
……locked out and Rock will testify
GLA
I suspect they are fearful that they may get licked out at a higher price than their average position, can only think that a low ball takeover offer 40 p- 50p might be above their averages? Or, possibly they are just mitigating the chance, probably what some of us, myself included, should’ve done more of.
Also it’s sad when there would be more traction in contacting a newspaper instead of the regulatory bodies. I’d try City AM, Sky’s Mark Kleinman is a contributing journalist, and he is on Twitter. I say City AM as the erstwhile major shareholder in THG is the owner of City AM and Matt Moulding loves a deflective conspiracy story to highlight the failings of the City. Rick will testify to that.
GLA
They can be waived and/or accordingly changed/tweaked.
In addition, I also note we've not had any confirmation that the covenants have been breached, so that is also a + at this time.
GLA
Build the backlog, to add value.
Reduce/suppress the SP (by any means and in conjunction with other stakeholders)
Sell non-core assets
Balance sheet looks a little better
Everyone is desensitized with the inevitable apathy
PFC becomes in play at a lower SP than would normally be allowable
If Schroders got wind and didn't like what they sore, and we think the Shorters were also aware of Schroders offloading, then it makes you wonder why then the BOD would want to then suppress the SP?
Are the BOD complicit in helping there nearest and dearest, or, keeping them sweet in the best interests of shareholders?
Hopefully all will be revealed over the next few weeks.
GLA
What I don’t like is one RNS leading with “shareholders” the another this week leading with “D4E”, truly terrible communications.
GLA
Rock….is right
GLA
Rick is spot on with this, large volumes in conjunction with the SP movements previously over the past 3 months and this week, including the odd movements on Friday suggest positions are being taken. It will be interesting to see what happens with short positions over the next week, if anything?
Hopefully they next update should’ve be definitive, but probably more of the same word salad and left open for interpretation.
GLA
Cast your mind back and see what happened to the SP since the update that was given in Dec 2023. We’ve had three SP spikes so one would assume buying pressure was greater causing these inflection points. Upon the third time the BID decided to issue an RNS quelling the SP rise for fear that they didn’t want any PI’s being stuck in a value trap? I don’t buy that, more likely a price has been agreed at the levels previously touched upon this morning. If that’s the case I should come about even, others will not be so lucky, if that scenario transpires, which I believe it will, but just my opinion. For me PFC ownership returning, via PE, to its original birthplace is more palatable to my own situation than ownership being taken by the major ME holders. That is unless there is a left field approach from a ME state owned entity?
Who knows what will happen in the short to medium term, but I won’t say long term as I don’t believe there was ever the intention where PFC would survive and thrive. The value will be badly and greatly realised only when the PI’s have long departed the stage.
GLA
Mates rates.
GLA
PFC is in play, and it’s the Americans v Middle East. Who will win out, and at the lowest price which is acceptable?
The BOD are treading a morally corrupt line regarding the December non disclosure (when it suited) and now again an unnecessary disclosure when it’s suited, for what’s currently on the table and bring discussed apparently at pace?
Nothing will ever surprise me, but you are all witnessing the company being stolen from you, and it’s been planned long before the imminent conclusion, or so the the recent announcement would have you believe.
GLA
That’s the way I see it Ivor.
GLA