Member Info for joseywales

Would like to know too! Had a purchase limit triggered at 134. Happy to have more but would like to know why the drop. Have there been some hedge fund friendly broker recs? None showing on what I see.

1 or 2p a day is just splendid. It'll be a lot better when some of the short shares are handed back. A reduction in the available pool would be good too.

Yep ... that's what the FCA spreadsheet shows. Then there's all those below 0.50%.
In this particular instance I think the higher the percentage short, the more it will be of benefit as it really looks like this could become a significant short squeeze on any news. You have to think there will be more funds sat short below the 0.50% reporting threshold. The more funds, the less chance of any collusion.
Whilst sharks might flee at the smell of their own kinds blood, it might not happen when there's simply a lot of sharks in the water!

There's a big drop in the number/percentage of 'A' trades so it may well be that one of the shorters has dropped out.
The lack of broker updates just make me feel even more that the brokers just play to the behest of the hedge funds. The incestuous reliance they have on each other creates this as opposed to any evil masterplan. It's like many have already said on here, the UK exchange just has this kind of endemic problem which probably stems from a lack of participants or something.

I'm a late investor to this and had only considered Romania when buying earlier in the year. I get the pain of longer term holders but what I took from the latest placing was the comment about Baita Plai exceeding expectations now and monthly production and sales climbing.
If they get this mine running at nameplate alone, it will get the price to 1p plus.
If they end up getting $11m for the diamonds and even the framework of the agreement previously pencilled in, then great and down the line there is a windfall. Very much doubt any progress on this will actually materialise until Q2 or 3.
However, when you read about what is going on over there in Zim mining in general, it's a dog's breakfast. VAST needs focus and behave like the small company it is and build on Romania as the priority and not get bogged down in the diamond frenzy. Anything in ZIM needs to be cleverly managed from a financing point of view to protect VAST from a last minute pull of the plug. I doubt AP could structure that from what I hear.
You also need to bear in mind that politcally ZIM is leaning towards China and Russia more than to the western economies. Despite the military/chinese mining partnership ending, China still has a huge influence within the infrastructure of Zim.

christ ... that Jerome Powell's paid $190K per year to hoover up any glimmer of positivity ... don't ever let him work for the samaritans.

On one of my accounts it's showing two sells of 2.1m and another sell of 3.5m ... so around 7.7m in total. That really seems odd. Maybe the 2 lost of 2.1 are a buy and a sell?

WG. sold off that consulting business to reduce debt level which I think sat similar to NEX ... maybe more. The last thing we want is NEX to do the same as it really had a limited effect on the SP. Only non core businesses should be sold for debt reduction when not in crisis mode .... NEX does not carry non core assets and is far from crisis!
Also, any ideas who could be a trade suitor ? Flixbus bought Eurolines and Greyhound so can't see them doing anything, DB is huge but never make profit and the US space is hugely fractured into local markets. If anything, you kind of want NEX to scale in USA and possibly make acquisitions down the line ... then list on US exchange and do a CRH!

It's a great takeover target and as you say, units well silo'd already. I just think you'd have seen some kind of action already as the tide has turned and it really looks like the platform has been set for sustainable growth in both revenue and profitability. I don't think the institutional investors would accept anything below 400 mark and in reality I think a suitor would behave pretty much like Apollo is with WG. (maybe 250 mark) .... these buyers will want a bang for their buck in current environment ... not been tracking it much but will be interesting what turns out with MacQuarrie and MNG.
There really is lower hanging FTSE250 fruit out there like JUP, BAB, GNC etc.

It really is poor. The trade volume is rubbish considering the results and looks like quite a few still happy to sell at low 140's. The rate CPI is climbing I will have more to put into this one later in the week ... I wonder if others will do the same and migrate from THG and CPI if they were in near the lows.

I got some on a limit order on Friday at 136 and wish I did the same again today. Just got in and amazed this has gone sub 140 yet again! Certainly surprising how it can be kept down, but I imagine a lot bought in the 120's and the game is to hold the price down and try to play on patience levels and stop losses.
Waiting for some laughable low ball broker recommendation now to support agenda of the shorts!
Wish it behaved a bit more like CPI did.

I've not seen that but expect it is dated.
Would expect broker recs to start coming at the 60/70p mark now.
It's risen too fast in my opinion so will be interesting to see what happens next week. It still needs stable margin flow, cash generation and dividend to start realising its true potential ... the talk sounds good and they have delivered on commitments in the most part.
Also, like the fact that there will be no more non cash impairments on any asset sales where sold for less than book value. Also the post IFRS reduction tied into those sales.
What I don't like is MW not reducing ... once the daily volumes drop on this share it becomes relatively easy fodder. I'd like to see them drop off to relax a little more about the upwards velocity of this SP.

For those who are not simply haters, baitors, gamblers and trolls. Here is an article which states 4.6m carats of diamonds forecast for 2023 by ZCDC at a value of 396m .. so $86 per carat. So VAST looking at around $11m less whatever kickback has to go to ZIM govt or ZCDC.

https://www.chronicle.co.zw/ukraine-war-frustrates-zimbabwe-diamond-sales/

Once that $11m is in, all it does is eliminate raise threat. Then whether VAST mine again in ZIM is a whole other process.

When you watch the interviews/listen to podcast, AP is incredibly careful with his words. Going through a 'due process' does not mean there is no risk of it being halted.

Romania / Tajic is where the value is today. The report in a couple of weeks will need to demonstrate some growth in production and sales. Really need to see cash generation on the horizon or AP might well be what some on this chat indicate.

I don't think it's ALSA. If they keep that on a growth path it really looks like further margin and ROCE improvements will flow through. I'd like to understand the goodwill impairment more. Whilst it is non-cash, it impacts the net asset value metric.
If anything the US and UK businesses look the weakest mostly down to the driver shortages in the US and impact of Omicron in UK Q1. At next update, it sounds like there should be jumps in margin reported.
So why the recent SP level? You can ask the same of multiple companies ... I think the wider market takes a 'disinterest' and the hedge fund sharks start circling and it becomes a war of attrition between PI's scratching their heads and hedge funds lining their pockets. I treat them like projects/campaigns and always have 3 or 4 on the go. DARK just had all their crap going on with QCM which made me bail out and start with NEX just because I'd already been looking at them after that drop from 180.
MW is a hedge fund always to watch in my view. GLG can crash a party too.

I'd say they want out and the algos are failing to capture enough shares. That little blip this morning was an effort to push/test and I imagine too many 3rd party buys were made and the last thing they need is the algo selling and not able to get them back!
Next week is the biggie. If brokers get some big orders to fill from new investors, then it likely becomes a problem for them as that not only creates the price pressure but also the available pool for the shorts to buy. If that does not happen, then maybe they can keep the rise subdued and work the short again when ex div.
I know RR. has been touted as similar but I see WG. as better parallel in my mind. So much crap was going on in the low 100's for some time ... even management gave up and said their share price was so undervalued that they sold part of the business to try and prove it (and take debt off books)!

Nope, they are at 0.86 having reduced by 0.04%. Actually its a sign they simply cannot get enough back. The algos can impact price with with the trade volume but it suggests they probably need to push up to 146/7 to get another tranche of sellers happy to take their 20p per share. The issue is, if you sell sub 160/70 there's no way back in after that unless your happy to scrap over 5p and screw spiders. Imagine there will be more volatility once this get back to 170/190 area.

Yep, you're not wrong. I always considered this a hold for 6-12 months. The earlier I am able to get out it just enables me to start another 'project'. I think I will be out of CPI before this one and I really did not figure that would be the case.

The strikes are not what's holding this back. In terms of shorts, there's still 18m shares out there and that's a big stick for those hedge funds to play with and try and keep the price point below 140 as best they can.
Analysts at other funds will be doing their thing still and as they report to their traders you might see a jump next week if one or two of them plan to jump in .... the divi gives NEX a wider audience in terms of this.

Been looking at this one for a while and now bought a few and considering adding if it drops further. So it’s been spurned as ‘growth’ stock as it pulls the reigns in, right sizes and focuses on a back to profit style programme. So top level it looks like it overstretched and realised before collapse…shorters playing their havoc as you’d expect. Any red flags to be looked into?

Imagine a lot of people bought in the 120s and happy to settle for their 20p or so gain. I expect this may take some time to get to a decent Sp level. Trying to concentrate on others and avoid looking at Nex price till alert triggers.