Member Info for Credit_Limit

It's right at the tip of a wedge on the chart. I wouldn't want to bet on whether it'll go up or down when it shifts. Break out either way looks imminent though.

Yep barely a ripple of buying and selling today. Eqilibrium reached until news drops, or someone bottles it.

Telfer worth minus $750m on the balance sheet

Hav 70% worth $60m x 14 - $840m

We take both for $90m.

Newmont's balance sheet goes up $840m. Nearly half of what they want to clear post buy out of Newcrest.

Sorry since since Newmont's decision... not since Newmont's discussion

I haven't followed all the discussion since Newmont's discussion as other things on. Has there been a discussion about whether the processing plant can be bought alone? Not with the mine attached. The mine sounds a liability now - ie non profitable with a massive clean up operation. The whole thing is minus $750m on the balance sheet and a good reason why Newmont want to get rid of it. Do we want that? Could we not bother with Telfer at all and build a new processing plant for less that $750m. This would probably have less unknowns.

It's also the impact the slight reduction has on the other shorters. Nobody will want to be last out and seeing Helikon edging in the direction of the exit will raise eyebrows and pulse rates. Exciting.

He can pretty much buy the whole company for that now.

1% of company.

One of the shorters is breaking rank. Panic in the other offices.

What are the key takeaways for those of us not on telegram? Thanks.

Ridiculous spread today between buy and sell price, 4%. It's like they don't want people trading. I always thought buying when Mcap under 400m was a fantastic deal. Maybe last chance this week.

Means if the MMs want a market they have to put the price up ;-)

GLO, I'm up on my yesterday too. You can have them back for 85p. Many thanks.

Another 36 thousand shares off the market for the forseeeable future. Couldn't help myself.

Missed my buy down on the daily 50MA, been working. Regardless excited to see it hold above. As previously stated I've no worries about refinancing. The banks will want their share of the huge order backlog. Once that gets cleared up we will have lift off as funds buy in. There is a big PI contingent here and that attracts the shorters, and given pension funds have abandoned the FTSE en mass these shorters have more power than in the past. The management will not enjoy being on their radar (or kowtowing to the banks) so will be doing all they can to sock it to them. Have faith. I see this at least four fold about these levels and a positive TR1 will see me hold above even that. I can't believe the opportunity that has been presented here.

Can't believe the muppets are still taking this down, letting us accumulate at such low prices.

Another top up coming at just under 28p for me. As said yesterday OVOR.

What was the price?

Yep waiting for 22p.

PFC is a prime example of how the British markets are screwed. World leading with an order book to match. Smashed down because the market can be controlled by small pots of money now the pension funds have abandoned the UK market. A quick look comparing the UK markets to those of the US over the last 5 years says it all. We are in a race to the bottom here, with the hedge funds racing to rinse the last penny from the last PI. Somehow still optimistic here but it shouldn't be this hard work.

That may be true P_C but I firmly believe that the banks are in charge here not the shorters. I think the banks will happily align themselves with the order book. I was in TLW when they went thru re-financing and they were in a more perilous state with much more debt. While they have no where near recovered, if you were in low enough you did well. PFC have taken some big hits over recent times (i have been following them since 600p) and I expect the recovery to be significant from these levels. For those with patience.