Member Info for GingerHippo

BR are buying more shares because the price has been going down since their first RNS on 2 Dec.

BR are not sticky hands as such because when the price goes up, they'll sell some. But EUA will have to go up quite a lot before BR go below 1% and stop sending 8.3s.

They are buying for their own funds, not on behalf of a client.

There are actively managed funds that have bought EUA.

"The big money is not in the buying and selling … but in the waiting.” Charlie Munger

The longer this goes on, the more impatient people will get and PIs sell.

But the longer this goes on, the more likely that the final announcement will be epic!!

Think about it, if this was a £1Bn deal don't you think it would have been finished by now?

They absolutely are, Amanensia. They are trading in their own investment funds

I would just add that if we're at 37 and you want to put a stop loss at 35, just do yourself a favour and sell at 37 cos they're gonna take your shares for 35 anyway...............

I think some ppl here are expecting updated figures for MT.

The DFS is for WK, not MT. Just want things to be clear.

The millions in the area of exclusivity is defo worth something. Maybe less than what's in the flanks, but we ain't giving it away for free.

Unless it's a special offer. Buy 15.5M for $5Bn and we'll throw in the exclusive area absolutely free. While stocks last.............

My opinion - they're trying to make it red for as long as possible so it seems like it's on its way down. That's why it so often ticks up after 3:30. You spend most of the day in the red but it actually finishes blue. Or there's a lot more days of small red finishes and then suddenly, kapow it goes up 5+%.

Over the last 6 months there have been more red days than blue, but look at the chart. They are playing on ppl's short attention spans.

Just look at Twitter. In one week we went from 28 to 42 then dropped off to 40. What did the Twitter trolls do? Went on and on about how it was falling from 42.

Just like of footy matches. When your side is 5-0 up and then they score one back in the 89th minute, don't we all start to panic about how they're catching up..................?

4,118,986 bought
1,809,460 sold

What does that tell you?

Looks to me like over 2M shares bought after 4:30. No sells ( the only sell showing says 42p so I think that's a buy too)

ftsedow, you didn't wait for him to reply....................

Mac, yeah, my calc above is bearish........... it's for those ppl who dismiss the area of exclusivity. Even if you do that, we've got 15.5M oz. Plus EUA should get more than $171 per oz IMO. But I certainly agree that the area of exclusivity is worth something to the buyer, albeit at a higher discount rate.

I take it that we are selling an area with 22.5M oz of PGM:

2.2M in the original mining license
13.3M in the flanks
7M in our area of exclusivity.

Of course the first 2.2M gets discounted at a much lower discount factor than the flanks which is in turn lower than the exclusive area.

But let's not forget that the direct costs of mining at MT are half that of NAP, who got about $171 per oz. Even a higher discount rate, shouldn't negatively impair our NPV as much as the lower costs and higher Pd prices should positively affect the NPV, at lease for the 15.5M in the flanks.

So even if we overlook the exclusive area, we're talking (171x15.5M) $2.6Bn minimum. Add on WK and I think we're looking at at least double our current mcap.

Equate to:

Buys - £104,382
Sells - £623

Hhhhhhhhhhhhhhhmmmmmmmmmmmmmmmmmmmmm............................................................

Sorry guys, that should say £860K sells, not just £60K. I wish we could edit posts on lse..........

But point is, there's double the big buys than big sells.

Look at the 50 largest trades in the last 2 days. They amount to £1.6M buys and £60K sells. In other words, people with money are overall buying a lot more than selling.

I believe this is IIs buying from the PIs who have made money here but are selling out too early IMO.

Well, that's the first time I've seen EUA referred to as a 'defensive stock'...................

A counter offer is very unlikely IMO. Would be great, but hilarious considering how long this process has gone on for already.

Mind you, there's always one guy who turns up at the airport after the flight has departed demanding to speak to Stelios.........

A counter offer is very unlikely IMO. Would be great, but hilarious considering how long this process has gone on for already.

Mind you, there's always one guy who turns up at the airport after the flight has departed demanding to speak to Stelios.........

Yes, like Dusty said. More buys than sells should cause the sp to go up. If the sp drops anyway, it’s probably being held back to fill an order

What you say is correct in theory and what should theoretically always happen. But it doesn’t always happen that way on AIM as any observer can easily see.

More buys than sells with the sp dropping will likely cause the sp to rise sharply at some point. This has been a pattern with eua for well over a year now.