Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yep
Never will look forward to a better year in a share than this one. The overall direction is up and up.
By how much and for how long is anyones guess but we will all be that much richer in paper or cash by the time this years last RNS update has been issued.
Nothing that could be material to affecting a companies share price can be held back , regardless of a deal or no deals.
If that type of information was to be held back until a later date the company could face lawsuits/ class actions from buyers and or sellers depending on the SP impacts before & after delayed information being released.
It’s massive!
Ok so is there one or more buyers? Multiple yes
Ok so how come we have not advanced on at least one part sale as would need reported.
They are all fighting over the 75% assets and they all desperately want it.
Ok but not that desperate to just take EUA out with one swift bid.
Conundrums
Speedy ,I agree but it is a question of who is in control.
If you think it is the HNW individuals selling: buying back and repeating the process over the last year then it ultimately the MMs with whom these particular trades have been flipped through who have lost the £turn which the HNW individuals have profited.
IMO experience the MMs would not happily allow their trading books to facilitate this.
Debatably IMO it is as should be and the MMs are in control of an orderly market and as long as they can find enough sellers at the level they quote or not enough buy demand at the level they quote then they will trade in both a-fluid SP range and time range. Ie, an orderly market.
Hydro
If and I say if individuals are shorting it is likely via CFD or spreadbets and the broker writing the contract would cover the short via actual sales. Actual sales would be on a 5 to one ratio of the short. Broker makes on the different spreads between actual shares and those of the CFD/spreadbet so if the shorts get it right the broker makes even more on the eventual buy back to return loans.
Not saying this is the case as the last time I looked the spreadbet company was long of shares around 56m but that was some time ago.
If stock is borrowed and not deployed then the only way you can stop the stock loan return trade from automatically settling ( as stock is in the account where the open return trade ) is to freeze the loan return in the CREST settlement system. To do that you need to be a member of CREST. Very very expensive to be a member so that means you are either a MM - BROKER or CUSTODIAN
So definitely not high net worth individuals and no guarantee stock is borrowed solely for shorting
That’s all we seem to hear about. ( and for half the bloody year from you know who).
Ignorant of the fact LOANS have been less than 0.8% of the shares issued and you can find the same or higher figures in most companies yea it had to be manipulation since mid 20 range.
If there was manipulation then beware , the loans have not been closed out , have they. So the game is not over .
Check with your share/custodian as it may be in the small print whether they lend out shares from the nominee pool or not. ( helps in reducing their fees to you)
If they do lend then your action is useless. If not - still useless.
I cannot believe our larger and long term holders would at this stage entertain a bid at 60p unless it is just for the reminder of Haverion and even then in the long term it is arguably still a give away.
A takeover though in the near term is a huge giveaway as we lose GGP and the very real opportunity of further 100% discoveries in the Paterson region.
60p ? Count me out
The VF from both sides IMO will be close and NCM to some extent hold the aces.
Some have said there could be a royalty type agreement included for future growth.
Wrong - as that would only happen if both sides sat down , negotiated and came to an agreed FV / plus.
Perhaps they did and are way out , hence the formal process which now favours NCM .
If for example NCM base then FV on what’s known and very little else ( low bid call it ) and GGP include much of what is likely to be confirmed in years ahead, the big risk is the independent a juror may easily go on the side of NCM.
I cannot believe NCM would not have already discussed/ tried to negotiate a FV with GGP even just for the opportunity to let GGP know the ball park figure that NCM will go for ( and not budge from).
Ball now in GGPs park
So on the back of this you now believe it. NCM could not and do not give a flying flock about GGPs SP and shorting would have no bearing on what they are ENTITLED to do under the JV.
Yes they could use an agreed FV for the 5% as a price to bid for the remainder but it would be bid that the board can always reject. NCM could use it also for a bid for GGP as a whole but then we get the chance to reject or accept.