Member Info for deepjoy

typo again sorry - 'Acacia would be on behalf of link and their partners,' should read 'Starboard and their partners to the agreement'. Apologies all

J427 - They would never have reached 5% with 24m and that threshold is for listed companies domiciled outside of the UK but listed on the UK Market. In this case (if it is them) it would have been slightly above 3% which had been a point of debate with Jimzi on here a while ago. In short I believe they should have disclosed a 3% position in the UK listed (share issued) company in accordance with the rules. Jimzi didn't think they had to but that aside what we do know from the agreement between acacia and Starboard was that any investment in the previously link held shares aquired by Acacia would be on behalf of link and their partners, so we can assume that if a large purchase was made by Acacia's funders it could be split down.

Yep the selling could end at any time or not for a week or a month. I no longer care I only care that I have a very decent chunk in there when it happens :)

Moniman... You don't seem to understand or accept that Acacia were indeed finished weeks ago, but that given that they had a huge margin to work with from their asset purchase price from link , and their financial obligations to, and pressure to realise any gains in short order to save interest on loans from Starboard LP their selling took the price to 11-12p range. We know from an o trade on 5th June that 25m of their 38m aquisition of orph's shares went to a third party in one transaction.

I have always maintained that I believe that these shares went to Starboard LP hedge fund for 12.2p. So, logically they waited in the queue for Acacia to clear and then anything above 12.2p represented a further profit margin for them. The logic being that we were stuck in a 11-12p range for fours weeks and now have been stuck in a 12-13 range pretty much for a month... No one really knows when the seller will finish but what we do know is when that happens this share will re-rate and not come back. As stated earlier I believe that any purchase around the 12.8p mark is a bargain in these circs. However, one day they will be done and when that happens we wont fall back very far, so my own strategy is buy , don't trade, buy etc etc throughout the cycles. It is not complicated to understand and if you are not a trader you can use it to gain more shares at a decent price in the present circumstances. The SP is not the company and hedge funds have no interest in the company just the SP.... Let them sell and let me buy when they get less profit. GLA

Slik... 12.8p buy zone for me if we get there.

Yep but on the plus side increased volume and one less day for them to sell into. :)

deepjoy is feeling deepjoy... hope it lasts cheers all

Typo - NOT predicting they are near the end I meant sorry

Prythee.. For the record I am predicting that they are near the end (if it is them) I am just pretty confident on the margins they have. I also recall Cathal a few weeks ago saying the seller was nearly out (Acacia) but in the interview with AJ Bell he mentioned that there was a still a seller but hoped for a material shift in SP in the coming weeks and months. As he is an ex broker I trust him on that and tend to agree but I can't and won't predict the end I will only share that 12.8p or lower is my personal top up price in the meantime. Anything else is just guess work. :)

PS If I am wrong I'll post the findings on this BB next week when Starboard publish their filing. Don't mind looking a numpty but rather have conviction than drift with the herd . Have a great weekend

We are right. The one thing I try to remember is that hedge funds (Acacia/Starbaord et al) don't care about company potential they only care about quick quarterly profit. 38m shares changed hands on 5th June (Fact) Acacia disclosed 13m left 7th June (fact) 24m were transferred 5th june at 12.20p (fact) . Acacia were funded for the link solutions purchases by Starboard (fact) and included in that was an option for them to make selective investments (fact).
So whoever the seller is now I bet my money on Starboard and if it is them there aquired 24m shares at 12.2p so their margins are pretty tight atm. They have to report 13G filings by 15th August to SEC and I wager they wont want to be seen to be holding a lot of orph or other link fund purchases. I am pretty confident but I would say that as I have a lot invested here and I am obviously bias but there are facts to support my views at least. GLA this company is a winner :)

Agree Swapleber which is why it is a nice level to fix any future stake. I am ok with the seller being here as their margins aren't huge and the MMs seem to be trying to shift 500k-1m a day off their book. Its a struggle for them of course as the volumes aren't huge but the sells aren't dumps they are price controlled which i am comfortable with. Of course they may change tact near exhaustion and dump if we don't get higher volumes but given the last few weeks record I am not sure they will.
Great place to be in my view, sit it out and for me, I pick up shares every time I get a price 12.8 or below. The bid price is the one I work from the offer is just a red herring. All good for the patient supporter :)

Yes and mine he was clear on that point also in the vox interview today :)

Spencer.. sorry for delay. In the simplest of terms I see there is a long and very profitable future ahead for SO4. The beauty of their model is that revenues from lake 1 will be sufficent to cover debt repayments and costs so it will be self funding from Q1 next year. Any capex requirement thereafter can, in theory be secured by further debt without dilution and so forth. There is enough capital from this deal to progress to lake 2 but i would be surprised if they did that without reporting decent production to the market. This isn't a fast burner it will be a buy at the right price and just hold share for the next few years as incremental value builds and I cant personally see on lakes coming on line. The cost benefit curve may flatten as it expands but I do see four lakes as an end point so my time line is 5-10yrs. The demand will be there for the product as global warming and desertification takes hold of the planet. China, in particular has a big problem with the latter as their rural population ages and younger people move to the cities for work stratigically my take on this is that SO4 are perfectly placed to take advantage.

Unlike SXX the board are aligned to retail holders as well as institutional investors.

Moniman... I am firmly in the seller is Starboard LP camp myself asa working theory. They have to disclose their 13g filing to the SEC on positions for the last quarter by August 15th. We will know if it is (or was) them by that date. 25m shares is a lot to shift (if they are) and Cathal is confident that Insitutions et al from the last raise are sticky holders. Either way the only good thing about the last two months has been a good price for top ups :)

Moniman... I have just heard Cathal present on A J Bell and he sadi the following during Q&A - "we are no longer a loss making business" . The reason he cannot talk about contract win valuations is simple.. He wants to ensure that he is in a position to charge more as and when demand increases. For this reason he cannot really guide the market explicitly on the profitability point as thing stand but Guess What !? He just did.
Immutex - aims for disposal by year end either listed or sold. Simple and I've not heard him this bullish before and I've listened to a lot of interviews this year,

Agree with you Spencer. Also as the main bulk of institional level shares will hit the market late August and Retail in mid September I think we will get a chance to see how sticky the share issue is ahead of small holder flipping risk. Also at a time when the company will be well into the project and on the verge of using the evaporation pools. I am more than happy to keep topping up on any weakness but cant see this falling below 30p as the potential is huge and most investors recognise that even ex-SXX like me :)

In the RNS read down to indictative timetable and you will see different dates for different classes of investor. Retail investor record date is stipulated as being the 11th.

11th is the record date so anyone wanting the placing shares need to be a holder by close on the 10th

Spence they actually only have until the 10th to buy as they have to be on the register by the 11th :)