RE: RECOVERY STOCKS22 Oct 2020 19:29
Started having a deeper look, dont assume any of this is correct, if you know otherwise please correct me.
Im guessing they are referring to Plinian?
"Discussions are ongoing on with a substantial shareholder and existing lender regarding a new injection of capital to facilitate the following:"
https://www.marketscreener.com/quote/stock/RAMBLER-METALS-AND-MINING-4005170/company/
Vote Quantity Free-Float Company-owned shares Total Float
Stock A 1 1,296,412,000 470,765,858 36.3% 0 0.0% 36.3%
Plinian Capital Ltd. 827,955,784 63.9%
Lombard Odier Asset Management (Europe) Ltd. 185,244,599 14.3%
CI Investments, Inc. 124,138,495 9.58%
Aether Investment Partners LLC 65,000,000 5.01%
Tinma International Ltd. 22,736,992 1.75%
Henderson Global Investors Ltd. 12,040,758 0.93%
AlphaGen Capital Ltd. 8,884,707 0.69%
Hargreaves Lansdown Stockbrokers Ltd. 6,314,000 0.49%
TD Securities, Inc. 5,353,000 0.41%
FIL Investment Advisors (UK) Ltd. 5,036,000 0.39%
My thinking is we potentially have, Plinian, CI Investments, Inc., Aether Investment Partners LLC ,Tinma International Ltd. holding firm with 1,084,871,271? leaving only ~200m shares in free float issue? if thats the case a rise to 0.6-0.9p wouldnt take much once lombard are clear.
I have not seen the days trades for the last few days, but with the large decrease in Lombards stake to relative small volume traded i think there was another party buying direct from them and potentially not reported the trade.
they sold 102m shares, on 149m volume day, even on a 1 for 1 buy / sell you would assume 204m volume on the day.
not here for the long haul but i have a feeling it could bounce hard if it has a chance before finance news lands, if finance news lands before then it depends on the details within it.