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Seems there's another little run before market close... what predictions for opening SP in morning?
Could see this up 50% today... several other mining shares are enjoying similar rises - the rare earth metal group seems to be doing particularly well.
GLA
Agreed.... a range of my 'rare earth metal' shares have just risen - predicting 50% rises today in some. For EUA?... who knows!
...but 10-15% as a general punt... not that it matters. Not selling! Still, its nice to see though.
GLA
It is nothing like a pawn broker IMO...
Pawnshops make money usually from personal loans and by reselling retail items. They make a loan to a customer who turns over the custody of an item that acts as COLLATERAL for the loan. Because the risk of loan default is high they will charge the customer a higher interest rate for the loan than a traditional bank loan. If the customer fails to repay the loan PLUS the interest (or at the very least, the interest charge), the customer forfeits the property put up as collateral to the pawnshop.
Now... Securitization is is the process of taking an ILLIQUID asset or group of assets and, through financial engineering, transforming them into a security - a typical example being an MBS (mortgage backed security). The security is sold on. The critical element is the credit rating. Which kind of defeats the purpose in this case because if the 'customer' had a decent credit rating in the first place they would obtain a conventional loan at a better rate, and with potential support for refinancing or debt management in case of difficulty, or they would be selling their asset successfully in the usual way.
In this case the asset is not physically held by the company providing the securitization... if the original business went bust the asset would be kept locked up on the shelves and later liquidated - blockchain (?!) or otherwise.
At the end of the day, a pawn-broker carries little risk as they 'own' the item, and can re-sell it. They will make a profit, and typically aim for 15-20% to cover costs and make a living. The borrower carries the risk. In securitization, the end-investor carries the risk.
The quote to note here is "SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell."... that statement makes no sense, it represents a direct contradiction to their business model.
If you're really smart and play the market right a 3rd party could even short the resulting collateralized debt obligations... for amusement and education check out "The Big Short"... and enjoy the Jenga clip.
More trickle trickle trickle sales today after end of last weeks ramping... waffle waffle RNS waffle... million shares here, a million shares there...
GLA, DYOR
...at 8.00 for now it seems. Probably fair. For now.
...and this one (11 Nov 20)... especially for Parm ;-)
GLA
Excellent post extrader - deserves to be bumped.
Hmmm. Some sells are registering from 09:05-09-15 ... someone in the background still quietly unloading?
Need to watch it carefully - when the selling stops, the SP will be allowed to rise with ongoing buying pressure, pending news, IMO.
Realistic, on current buying pressure no news and no more large holder selling 4-5p, IMO
On news, solid contract information/partnership details and demonstrable production capacity in situ 7-8.5p, IMO
Risk comes if SP rises, hits target values and some muddy funsters decides to cash options and sell... if so, may hover at its supported base (2.5p) until more news. Confidence would be hit but - again - just need to be patient.
GLA!
With gold trading a some of the highest levels in decades this has to be good news.
Glad as a holder for some time now... they've done a great job to secure these exclusive rights.
Much more good news to come, IMO.
GLA!
Looks like some buys going through at the end of trading.
This one?
2020-11-19T17:05:31.377 GBX 2.7 1408900 38040.3 Off-Book XOFF
Is that your argument? The presence of an extradition agreement between UK and UAE. For an Italian citizen?... FFS
Background reading:
You might like to look a little more closely at the initial share loan securities, and their repayment schedule.
Explore the ownership of 1AF2 srl and its relationship to SYME, and capital investment structure.
Review the ownership of the Orchestra Group and the RNS on its shares purchase dated 18 August 20.
Look back at the RNS 20 April 20... where are any of these 'originated inventory contracts' now?
How exactly is SYME going to pay the companies it has 'monetised'?... by securitised note issues?
Look up Securitization and see who exactly carries the risk as creditor... ref. Subprime Mortgage Crisis, 2007-2010.
DYOR, of course :-)
Looking forwards to some good news after a couple of weeks of What-The-Vacc!?
I'm not sure of the significance of any RNS in relation to any future deal/acquisition etc with regard to Pharm2Farm. Wouldn't have trusted anything Braveheart put in an RNS, 'assurance' or not, IMO. That's just meaningless non-legally-binding waffle.
Not talking money but RMS is not a major feature in my investment portfolio - it was a 'hmm, interesting' punt... modest return on the last two 'spikes' but not fully realised as I think there is still plenty of future potential for the mask production side of the business... IF it stays with RMS.
More bothered by investors who got caught on the spike potentially being taken for a ride. Hoping the Pharm2Farm endeavour comes good - for lots of reasons. Patiently expecting news... and a sinking feeling about the next RNS/TR-1.
GLA!
Yes- we can see how Braveheart operates. What I mean is why sell RMS when they did?...
Options:
(a) they were simply realising their profit after investment and exiting, job done, as per plan - thank you and goodbye.
(b) they didn't know about a JV/partnership deal being done - wah wah ooops, head-slap/D'oh!
(c) they did know and got out before a acquisition of Pharm2Farm from RMS under the new Volz UK financial arm - leaving behind the GyroMetric/Cloudveil stuff...?
There isn't much about Pharm2Farm or the masks on the RMS website is there? Hardly representative of their flagship partnership/subsidiary interest.
Just an observation.
...acquire... is that Pharm2Farm (i.e. from RMS) or taking a significant, if not majority, stake in RMS itself?
Why would Ryan and Braveheart sell out now with a profitable partnership/joint venture apparently coming online, with their insider knowledge?
...putting 2 and 2 together?
Sure- I'm balancing the various factors at this point. Would be in for medium-long term and experience has taught me to always be patient and prepared for a drop before realising any investment potential. Just a question of judging the risk:benefit ratio. A mixture of success and failure so far to be fair - the market has been generally quite volatile and unpredictable recently.
The only way the SP goes up is if investors (of any level) buy into the share. That will be based somewhat on sentiment, evidence of future value and capacity to expand the market cap. A lot of the SP volatility here has been driven by sentiment recently; and driven down by massive selling by individual and institutional insiders. It is indeed supply and demand - the MM's are not complicit they are merely following the trend and providing a spread to generate liquidity and fees/commission. The SP will have to shift (one way or another) to generate that liquidity and keep the money moving.
At least 59 million shares traded LRGS in nice rounded volumes so far. At least the buying pressure seems to be returning but also seeing each mini-rise being sold into.
Suggests one or more large holding still unloading. Can't tell if it is share options being cashed as would have thought these would register as buys at 1.4p (?)... will be fairly frustrating to see another TR-1 later but, with current experience, not surprising! The double whammy of share option selling both dropping the SP and diluting shares makes the practice morally reprehensible for anyone with responsibility to a company, IMO.
Anyway - yeah - that is usually what I do... sell then watch the SP go up! DOH! ;-)
:-)
To paraphrase from Jaws... "We're gonna need a bigger boat"...