Member Info for DestituteBroker

Due to a pre market purchase & in-auction till 08:05 uncrossing

This stock was 4.15 pence in December, so 41p appears a reasonable offer at this point in time, but obviously not to long term holders that bought in at over a pound. What’s the alternative, re financing with a rights issue & drift back to 4p ?

Nice steady rises, the buyers are in control. The 200 day moving average is 15.49p & a health target for a good return, GLA.

Re, What's going on…. Bid = what ever the bid is + & no bid = back to 15p

Why would anyone make public the fact that they willing to offer 41p when the sp is currently 26. It’s far too honest when the market is sly & crafty. Usual practice would be to instruct a market maker to buy the shares for you, as cheaply as possible, even try to drive the sp down first with shorts. The market would notice this & also buy, causing the sp to be 41p or more. The fact that it is not tells it’s own story.

Angela Merkel and Francois Hollande fly to Russia for peace talks

The Institutions bought in up to 24 pence & Pro short term traders formed the froth on the top & have now profit taken for the day. Hopefully there will be more gains tomorrow, the 200 day moving average is 39.88 pence. GLA

About 3 weeks ago, he said on the financial media that he had full confidence in the bull market rally & that he was ‘fully invested’. Apart from his Tesco loss, if his statement is true, I wonder what his paper losses are now ?

I expected a drop at the start today. Yesterdays closing UT was 1,141,897 in the red, plus a sell order went in AFTER for 832,202 shares. Seems to be the practice now, wait until after the UT then place a big sell trade to cause a drop at the following days open. As regards Brokers, you can’t trust any of the information, including the level 2 screen.

At 4.69, looks like the Company didn’t like the sp going back up. They have tried their best to keep in down.

The Platinum price has been falling since July from 1500 to currently 1333. Hopefully it will stop at 1300, otherwise it’s in free fall & will continue down. All the company can do is to increase production & sales to try & maintain the sp. The Pro’s might be manipulating the price down before an end of year rally, time will tell.

The broker obviously has an admin department that can’t keep up with events. I’d change the broker & or seek compensation for any losses if the 70p offer is still available. On another subject it is bizarre what’s going on with the share, there was AT buy’s going through at 70p this morning. With the Bombay Sensex at all time highs & the link up with Mahan Coal, what’s the betting this gets relisted again on the Sensex & in a few years time the same thing happens again.

Currently up 9.84% from Friday’s close, bid 69.75 Ask 70.00

Obviously they had to rush this forced buyout through, before that news became public & Essr’s sp rose back to £1 & above. If the Institutions know this, maybe they haven’t sold, no wonder they were seeking legal advice.

Unfortunately I don’t know the answer. I’m sure I read somewhere that the offer was extended to the 23rd. It may be on this BB, if you look back or in one of the RNS’s but there’s so many it’s not easy to find. Also the Essr web site. I would phone your broker again & ask where you stand if you don’t sell. Might be best to bite the bullet & sell today- 23rd, at least you have some cash to reinvest, trying to get it from the Co after today, might take Months ?? However the buyout could fail, who knows ?

The smart money went in at 19.75 pence. This has moved sideways with equal buys to sells for a couple of weeks & has now started to break out of the range. I’m expecting to see the TERP price, which is about 27 to 28 pence & a possible over shoot to about 32 pence +. A Pro trick is to hold the sp down in the hope that retail investors get fed up waiting & sell. This is now due for a rise. GLA

Payments to brokers has now been made & paid to shareholders that accepted the offer, started on Monday 19th of May at 0.70 GBP per share. I believe the offer has been extended to tomorrow Friday 23rd May. If you wish to accept the offer, contact your broker ASAP & email / fax an acceptance agreement. It’s more than the current bid of 65.25.

Modi wins election with an overall majority. $16bn has moved into India stocks & bonds over the last 6 months in anticipation of the win. Sensex is at an all time high. CNE up on the news.

Up nearly 3% on election vote

You have a choice buy the metal or buy the mines. With the strikes continuing the price can only go up. Striking S/A minors are asking for a 49% pay rise which sounds a lot but as 90% of Platinum comes from Africa this could easily be agreed to. Other options are to automate the mines or mothball them. This is probably why the institutions are buying the shares.