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That's the big question. My guess is that the creditors have decided that wres will never be profitable enough as an operating company to pay off its debts, at least not without a huge injection of new capital, which it will never get. So a sale of assets is the only alternative. If that's what's actually happening, I hope they can find some investors with deep pockets who will pay decent prices and that there are a few crumbs left over for the shareholders. But that's probably wishful thinking, I'm afraid.
Those two big trades are almost certainly a put-through (a simultaneous buy and sell at the same or only slightly different price ). They're used mostly to transfer shares cheaply from an account to a related account without having to buy and sell on the open market and pay both full mm spread and commission. It's a very handy tool that I've used several times. H&L did them for me at a very reasonable cost with just a quick phone call and saved me a pile.
A very happy Christmas to all!
Steven, check out what Shell is doing in the field. In addition to what has been published, I've heard that they are already drawing up detailed plans for providing all their filling stations with hydrogen pumps. In any case, if inflation continues at its current rate , I'll probably have to sell my entire kzg holding to buy you that beer if I lose.
I'm not at all unhappy with this move. I fully agree with Basher andd car3y that, for many reasons (most of which the politicians are either too stupid to understand or too climate-obsessed to want to), electric cars are never going to have a real future. Hydrogen makes a lot more sense and as soon as the technology, which is further along then most people realise, is perfected, electric cars, along with the huge need for lithium, are on the way out. I always thought of the lithium as a sideshow to the tantalum, but I was hoping we could turn a bit of it into cash while the going was good. But if lithium was responsible for a good part of the sale price to the Chinese, turning the stuff into good cash right now makes a lot of sense to me. The only problem is that I now have a lot of useless information about lithium clogging up my brain.
BV - before you take it wrong, it was me as the guilty party I was referring to, not you for the string of O's (although you have to admit it was a bit much).
I do very little research before plunking down my money. I won't go into detail as to why I don't, but I haven't done all that badly over the years employing this strategy.
You can usuually get a very good idea of which trades are buys and which are sells by just looking at the trading record. You'll see that the prices cluster into two distinct groups, with a spread between them. The trades in the higher price group are buys and the ones in the lower price price group are sells, regardless of the mm's posted bid-ask prices. Mms can play games with their posted prices, but they can't disguise the actual traded prices. It's not a perfect system, but it's the best we have.
Noel - this ending a sentence on a preposition business is, in my opinion, one of the most ridiculous and pointless so-called "rules" in English grammar. (The other is the prohibition on splitting an infinitive.) Winston Churchill wasn't a big fan of the preposition rule either. His famous sentence, "ending a sentence on a preposition is something up with which I shall never put", says it best. So no apologies necessary, at least not to me.
Absolutely right, 360 - the silence is deafening. I try to give my AIM investments every benefit of every doubt, but I'm rapidly running out of benefits here. I can't help but get the feeling that something has gone very wrong. Silence won't make the problem go away, so they might as well tell us about it now.
So if you don't sell your house, it has no value? This is going to come as a great shock to many people, GUG.
They're all of them a sad lot, both sides of the aisle. There are only a handful I have even a shred of respect for. I know things are bad when I, a lifelong Tory, have to put Keir Starmer top of my list. A useless politician, but as far as I can tell, a thoroughly decent fellow who wandered into the political cesspool by mistake. In any case, next time around I'm voting Monster Raving Loony, for lack of a better choice.