Member Info for EnricoPallazzo

jg88,

With all due respect, you seem to be confusing two concepts: a 40% drop and a 40% rise.

The former works as I described earlier: a 40% drop results in the current value being 60% of the initial value, so a 40% drop from 27p is 16.2p. The latter is more straightforward: a 40% rise results in the current value being 140% of the original value, so a 40% rise from 16.2p is 22.68p.

No need to hold a PhD from a top university to understand that. Still, remarkably many people struggle with basic maths.

All the best with you investments! This one will come good sooner than you think.
EP

I also care about precision. People saying "a 40% drop in 3 days" should go back to school: 40% of 27p is 10.8p. Have you seen an SP of 16.2p this week? I bet you did, and probably bought back at 16.2p, having sold at the very top...

it's -> its

I don't care about stalkers but I do care about spelling and grammar.

I guess this is what happens when people lose their nerve. How about disconnecting for a few days and coming back when things have settled and the POG has resumed it's march?

Onwards and upwards to 46p and beyond! (And I don't care about stalkers who jump at every post to vent their frustration.)

If their average is about 29p then it is indeed inconceivable they'd be trying to pull some dirty deal with Duferco.

No need to get upset by the suggestion though: there has been a lot of speculation here about the 'tame seller' over the past year that it's alright to consider every possible scenario, even the most 'rubbish' one as some posters would say.

What is clear to me is that BMN is vastly undervalued and that the SP will have to catch up at some point.

They aren't necessarily selling at a loss: if the seller acted in agreement with Duferco, they could be selling their shares at an average price of, say, 18p over an extended period, driving the price down to ~10p for Duferco to exercise the CLN's around those levels and then sell the shares (off market) back to the seller at, say, 14p so that each party earns 4p per share and the seller ends up with the original number of shares they owned. (I have no clue what the average price of the original holding was, so the numbers above are just an example.)

Not sure how this can be squared with the 'orderly market' clause in the BMN-Duferco agreement but perhaps XOFF trades are not subject to such clauses. Anyway, we've seen money men doing dodgier things and getting away with it.

One thing I'm convinced of is that the first tranche of Duferco conversion in October will trigger a considerable rise in the SP.

TT,

I find it more interesting, and more pleasant, than all the mud fights witnessed here over the past week.

ATB
EP

Are we in for an interesting UT today? The reported volume has been somewhat subdued.

Speedy,

Doing it as we speak...

I love this discussion: "same problem here", "I'm in the same boat", etc. A fantastic problem to have indeed, ladies and gentlemen. I hope I'll have it in a few years' time too!

Make it 14k. I wish I had enough to buy another 140k!

Yep. Good time to top up. In for 140k more (shares, not pounds; I wish I had 140k pounds). I note the tight actual spread: 22.16-22.225.

Safe as houses.

It's going to be a blue Wednesday! A lovely shade of blue. Followed by a Thursday and a very blue Friday...

That's interesting. I'll have a look at these rules. Surely, there must be something to prevent companies (no matter where they are domiciled) from amassing large stakes in other companies without notifying the market.

I missed that one. Will look through Hydro's posts.

You're welcome. Judging by the rapid SP rise at the moment, onemay have just been logged!

Daniel,

If the purchase was completed on Friday, the buyer would need to notify the company by today, so a TR1 RNS would be imminent. (Not sure how long the company can sit on the news before publishing it.)
If the purchase didn't complete on Friday though, for example if some small chunks were added on Monday or yesterday (perhaps that six-million XOFF trade), then we may not see it until tomorrow or Friday.

Perhaps more countries will now look more seriously at their green future:

https://www.bbc.co.uk/news/science-environment-54256826

Thanks, Mushroomkid! That's reassuring.

It seemed to me that Telfer had capacity to expand if necessary but I wasn't sure whether the current processing plant would cope with considerably more input.