Member Info for gregpeck7

Gold price had a major spike, hit 1520! Currently still well up at 1512.. Get in early tomorrow kids.

Not read it (no account) but assume it means highly leveraged towards gold exposure.... Looks intereting..

I am in for the recovery

Yes gold doing well.. We seem to have 5 MM's covering us now.. I am sure it was 4 previously... Anyone else know?

Once this seller is cleared this will quickly re rate to 100p minimum. It’s a steal at these levels . Just take advantage and keep buying. Srb is still being discovered by the market which is great and we are all ahead of the curve. When this does move it really rockets and it’s virtually impossible to buy any stoke. Results on Wednesday which I expect to be decent with a very positive outlook, and Coringa pea just around the corner.. I don’t see a better buy on the market. Also management here are conservative and do not overplay things. If anything they play things down!

Ive added today.. Quite a lot... Online limits just dropped significantly to 10,000 shares.

300p in 1 day. I still totally believe in this but need to also stay on the gold train that is SRB. Thanks BUR and I hope MW get utterly shafted.

For anyone looking at gold stocks, SRB is an absolute diamond.

Makes sense...

While he is tweeting that they are confident in their analysis they are closing their short... Real trustworthy outfit...

Just be patient. A lot of money wanting to get in here.

But this should be closing over 1000p today.....

If it comes to hundreds of millions and they get wrapped up in a very costly class action lawsuit in the US (Which I think they will) then I think it will be the end of them..... The FCA are probably crawling all over it as we speak also.. Terrible behaviour by them and they could become the company the FCA make an example of as a little warning shot to the city over the limits of short selling behaviour / tolerance.. They have overstepped the mark here, in a very , very big way....

Thats where they will hit MW, not defamation etc IMO. I think they have phrased their comments to avoid some sort of defamation action but they are open to market manipulation.. All IMO. It all looks very rushed to me, and the fact its a woodford stock, they are like vultures on a carcass, but the greed makes them careless....

Would not be surprised to see the tweets they have made come down. The bit they will be in most bother about (IMO) will be the suggestion that the company is insolvent. That appears to 100% not be the case... They have made that accusation and made it very publicly and caused a huge negative reaction to the company which appears to be unfounded. Ironically as well they are reducing their short - if they really thought the company was insolvent surely they would leave it open. Its all very questionable and I suspect this will end very badly for them.

Harry, if this goes to court - you wont hear anything else.. Else they will lose the case.. It will be heard in the UK and there are very strict rules.... Looking at things it looks to me like they have played fast and loose... They are in real trouble here...

A hint of Burford’s intentions was contained towards the end of its statement on the Muddy ­Waters ­report: “Short ­attacks such as this are a fundamental menace to an orderly market… Burford is well equipped to investigate and pursue market manipulators, and as stewards of investor capital, we are ­exploring doing so here, cognisant of the substantial losses our investors have suffered. Our early investigation ­already shows the hallmarks of market manipulation.”

https://inews.co.uk/news/business/burford-capital-legal-case-us-finance-house-muddy-waters/

Its starting... Hundreds of millions....

Yes they said up to 10% of the issued shares in the call...

Mick, I suspect MW are now considering their actions very carefully. This "could" cost them a fortune, I think they have called this wrong and as you point out (and I have on ADVFN) I think their timings are questionable, they admit to targeting woodford, and in their desire to make a profit, I think they have gone too far.

Releasing another document to support the previous one is very dangerous. They could be on the wrong end of a hugely costly legal case here.... I think they will be thinking very carefully about their next move. I doubt they will escalate this... The optics are terrible...

We shall see what happens but I suspect they will look to crawl back under a rock. They may not be able to though and this could do serious damage to them. They may be the ones looking at insolvency... Just wait till US shareholders potentially throw a class action lawsuit at them...

It could get very messy for them now..

Clearly worth more than 750p .. They can refine their reporting somewhat, but the accusation was this was going bust, and it is not... I expect it will be trading back over 1000p quite soon.

Sounds like a buyback could be announced anytime...