We would love to hear your thoughts about our site and services, please take our survey here.
I have a question as I don't understand it.
So the big trades that are flagged up on here regularly as being dubious: do they count towards the daily trade volume?
If so, is this used to make the "days to cover" artificially reduced? It only seems logical that artificially inflating the daily volume would put this out of the attention of traders looking to capitilise on squeezes.
Assuming that if i don't agree to updated T&Cs for share lending until the 30th May (deadline is 1st June), they cannot lend them until that point. Will probably go to FT plus when they do and set a limit order, as painful as that may be.
That's a sentiment issue, not a factually backed one. I find it easier to use the knowledge that one of the largest banks in the world are shorting us to describe the SP going lower, not LTHs or PIs jumping ship. Negative sentiment is always rife on here and social media when the pressure is at it's highest to sell, which implies someone's really wanting to buy. That's a reason to hold if I've seen one.
My thoughts/understanding is that Shaun was aware of the short position by JPM & he most likely foresaw the subsequent price drop coming. GGP needed some cash in order to align with the big bank lenders that Shaun has assured are lying in wait, and therefore by conducting it later or at a higher price risked not getting GGP in the situation it had to be at a bare minimum.
If GGP were in a position where they didn't have banks ready to drop cash GGPS way then the situation would look a bit uncertain, but it's offered some protection from the shorting and our ability to fund the further process of funding the mining, which I'm sure Newcrest wouldn't possibly use as a negotiating point, would they? ;)
Just my conjecture of course.
All this JPM malarkey doesn't bother me, as long as they don't ramp up their methods. They've probably only breached threshold to show they're in control and put their cards down.
The one thing this plays massively in favour is that the current SP is clearly not reflective of fair value. So JPM have stepped, in and actually helped our 5% negotiating for now. Wonder if they're trying to get onboard with Newcrest, and if they have much position with them?
Absolutely, i'm not saying everyone, but based on todays pricings and taking off the Capex for the project, minus the funding we have raised from the share issuing (£54 and 11 million respectively), the ballpark values based on today's commodity prices should put our SP somewhere in the value of £760m for Havieron alone, on just the PFS reserves.
When all is considered, I struggle to see anything under 17p as sensible, as the SP is effectively valuing the company at 0 when you exclude Havieron.