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Remind us what a ramper does, Terry?
Blimey - someone has actually bought some today, presumably in the full knowledge that the share is going to be suspended on Monday!
Financial Diary tab above suggests 6th July.
4 large ships with capacity of 620k GWT currently tied up at RB. I don't recall seeing that capacity at the same time before?
Block where?
I only post when I feel I have something to add, Terry.
As I've said consistently, I see great value in this share, and have remained a buyer throughout.
Aaa
How's your anti-ramping crusade going, Terry?
Terry, you've gifted us 532 posts in the last 30 days.
Is that is a good use of your valuable time?
Reassuring to hear yesterdat that all is positive on the Ensham transaction.
Tracking towards a combined 15mt this year.
Yes, I was certainly there, along with maybe 50 others. I mistakenly went to their office in Little Portland Street, and was put in an Uber (at their expense) to the correct location 20 minutes away. My mistake provided a good opportunity to see behind the scenes.
I had the opportunity to speak with AH at great length when the meeting had formally closed, and I emphasised all the points I had raised in my previous emails to Bisichi (which I have shared on here).
To some extent, I think the conversation was conducted privately, so my thoughts below reflect that.
On the weakness and reluctance of communication (which I contrasted with that of Thungela), a commitment was made to determine what information about their very substantial investment portfolio could be publicised.
I would say the appointment of each brother to the other company's board will be positive for dividend policy.
The hopeless websites of both companies are being redone.
I think the new style of the companies is yet to emerge post the generational shift.
My opinion remains that Bisichi and LAS should either be merged, or properly separated.
This was also confirmed and discussed at the Bisichi AGM yesterday. Very positive.
Yes, Beza, they did respond, and confirmed that my emails (plural) had been circulated to the board.
I will be there tomorrow (as long as they let me in...).
I continue to consider it crazy-cheap, which as a monthly investor is advantageous.
But I don't pretend to know the direction of the coal price or share price, or derive any satisfaction from endlessly telling people that I do. Just what is the constructive point in your posts if you don't hold the share?
So, who are the consensus of analysts who think Thungela will have just $100m at the end of the year?
PS How can you possibly 'ramp' a share on this little website?!
Terry, you've shared 400 posts of wisdom on here in the last 30 days. Where is this 'consensus' coming from?
Market cap equal Bisichi shares plus just £3m.
If anyone is interested, I have (on numerous occasions) raised the nonsense PE/Dividend/Yield figures they quote for Bisichi with LSE.
Likewise, the absence of 2021 and 2022 Annual Accounts on the RNS Live.
My point to them is that if this information is so wildly wrong, it is very much worse than useless. For whatever reason, they appear helpless to rectify.
It strikes me that short term traders and sellers have every reason to wail.
But if you are a buyer and long term holder, the lower it goes, the better.
Personally, I can't believe my luck that I can hoover this up at these deranged prices. Long may it continue.
There was a ridiculous rise in coal prices last year.
There is now an overreacting unwind going on.
Look through this hysteria, and the fundementals are unchanged - coal demand is at an all time high, and supply is falling due to lack of investment in new sources of product.
PS Regarding the coal price, we all need to remember the Thungela is now a South African AND Australian coal mining company.
To clarify, I did say 'publicly traded', by which I meant not LAS or Andrew Heller owned.
But yes, I am substantially committed, and will do what I can. And no, I am not Tim00, who I recall really is/was a substantial holder.
I have about 1% of the publicly traded shares, the majority of which are held in my pension.
I'm investigating now how I can most effectively attend the AGM.