Member Info for GETINTHERE

S7

That’s exactly what I said and understood. But I think having read other posts that Yorkshire was alluding to them trading both ways I. E. Selling on the high and buying back more on the low thereby returning the shares borrowed and riding the additional shares back up again, which does make sense, borrowing them for a premium and then not selling them does not however make sense to me as someone else alluded too

Yorkshire

Please forgive me if I have misunderstood but my understanding of shorting is that shares are borrowed from holders and then sold at what the shorter hoped will be a high price, the shorter then buys the shares back when they drop in price, if the price goes up from the price they sold at and they have to buy back in order to give the original shares back to the holder they borrowed them from, then the shorter makes a loss, so I do not t understand your comment about how shorters like stocks that will go up ?

In cash £3 million sold BUT £5 million bought

We advanced to the first resistance level early this morning and bounced down off it, but we never got anywhere near the first support level having traded above £8.125 all day, in my limited opinion these are good signs, Burford appears to be relatively stable and any good news coming out will see us push higher.

Burford Capital: Berenberg reiterates buy with a target price of 2,070.

ROD ROD

Scroll to the very bottom on the pages your phone and log in again mate,

I had exactly the same problem.

Massive ray

So that would mean that his average purchase price was just under £3.83 !

What a feat when no one else could get a price anywhere near that !

He truly is an investing genius !

IF, that is, it’s true !

I wonder !

Make some cash

No. It’s not a coincidence!

Derampers get paid by the big boys who short and they get paid more every time someone responds to one of their posts.

If you want to make life difficult for them then never respond directly to anything they post

Isn’t it strange that we have new posters deramping, I wonder if they have anything to do with the company who has the only large shirt on Burford ? Hmnnnn

Burford has sold on 39% of the Argentine case the last ten percent realised $100 million and the money they have already received is greater than the cost of the litigation !

Given the above, and the fact that they retain 61% (which is arguably worth $610 million) the MW arguments that Burford over value cases can clearly be seen to be none sense.

https://www.investorschronicle.co.uk/shares/2019/08/15/companies-markets-show-bargain-shares-burford-capital-with-simon-thompson/

Burford has sold on 39% of the Argentine case the last ten percent realised $100 million and the money they have already received is greater than the cost of the litigation !

Given the above, and the fact that they retain 61% (which is arguably worth $610 million) the MW arguments that Burford over value cases can clearly be seen to be none sense.

https://www.investorschronicle.co.uk/shares/2019/08/15/companies-markets-show-bargain-shares-burford-capital-with-simon-thompson/

https://www.investmentweek.co.uk/news/4004176/numis-securities-rubbishes-muddy-waters-burford-capital-claims

They’ve also got the authority’s looking into the possibilities of manipulation and they’ve got the option of pursuing litigation, particularly if there is any causal link discovered re the strange share activity prior to Burford being named

https://www.standard.co.uk/business/bizarre-muddy-waters-report-by-exspies-claims-burford-capital-management-lied-a4214871.htmlSafety

Safety

Yes mate, but my view is that they are desperately trying to “muddy the water” because they are terrified about legal action being taken against them and terrified about the FCA investigation that’s been launched regarding share price manipulation before they named Burford, which if proven could mean the end of muddy and its CEO, from a financial perspective.

Of course time will tell, I think it’s got a way to run yet, but I would not be surprised to see a share buy back, they’ve already said their considering it and with how low the SP is at the moment coupled with how much it would improve sentiment I think it’s quite likely, and if it happens the SP will be back above £10.00 as a minimum.

Did you know that a broker report yesterday gives a price potential of £24.00 ?

Just for a bit of fun, as none of us could possibly know, what do you think today’s likely closing price will be under the following 2 scenarios:-

1) no further news announced before close - my guess £8.50

2) further news of directors buying shares - my guess £8.90

Nmh19

If your prepared to hold for a while it still looks good to me and my average is a lot higher !

Kev

I agree with what you posted mate, the tungsten price is not likely to remain low for long and if it goes up significantly then so will the WRES share price.

Nmh19

Did your buy order on Burford get filled mate ?

The TP research note and reduced expected SP level of 1.07p is realistic based upon the current low price of tungsten, it does not include anything for the gold, and if the price of tungsten rebounds the SP will react accordingly.

Whilst it’s disappointing that the tungsten price is as low as it is we need to remember that new companies will struggle to get funding whereas we are on the cusp of production and already have them funding, which, we will still be able to convert to a more reasonable rate, once we have proven large scale production, and given that our average costs of production are going to be, one of, if not the, lowest cost producers in the world, so, nothing to be overly concerned about and in fact we will survive whilst others may not.

Nmh19

It’s not impossible that it might drop that low mate, stranger things have happened there are a lot of people who bought in-at lower levels and who may decide to take profits following the jump up late yesterday.

Overall though I will be surprised if we don’t end the day higher than yesterday, but time will tell.