Member Info for Kabaa

I've written a few messages and they are not appearing in the last few days.

Lse problem?

The fact the seller has finally cleared and the shorters are out of the way too, is not a bad thing, considering we have dropped from over a quid!

Need the 20 and the 50 to cross, will happen soon.

Who is baron ?

Any reason for up move today?

Definitely a takeover target now.

A bid would have to be at least 4 times the price from here and could end up 6 or 7 times up in a bid war.

Is approximately the entire market cap.

Any slightly better than expected results over the years and this stock will be back to all time highs.

Any improvement on the diamond prices, increased production, weakened rand, cost cutting, renegotiation or extension of debt maturity or a general mixture of all will have massive affects on the value of this company and the stock will be priced in pounds again.

8p is just silly and I doubt it will be any lower than double this in a month.

I agree with posts below, any covenant breach will be waved and the debt extended, it is not in their interest to put a mine like this in admin when it throws off that much cash. A definite hold and add for me.

What did I tell ya? Will be up probably today and this week and very likely this month imho.

Can't keep falling. The company is too good to end up at 0

During analyst call.

L2 bids stacked up again

It will probably take a few days or weeks to rise back into the 20's but unless the results are dire, this should be a decent recovery play for Sep/Oct imo

Good spot about the 26th Sep with JP Morgan.

This is a giant company followed by very reputable brokers. Not back alley ones that give silly price targets on trash stocks.

You can bet they will comment within 2 weeks of the Monday announcment and it will not be 8 pence downgrades!

Barclays, JP, Goldman etc are highly respected in the stock market. The others not so much at all!

A far more respectable broker than Berenberg.

Good they haven't cut it drastically and the fact they're still following the stock with a quadruple price target is a big positive to me and reaffirms my belief a very positive update will be made Monday.

Ecb restarts qe and cuts rates.

This may not feed into the price today, but this kind of news is very very welcoming for any company with lots of debt and assets such as diamonds/gold/silver.

Makes credit cheaper and easier + helps to inflate away the debt

Fsa sorry

I'm not sure of this practice 'spoofing and layering' but one thing is very obvious to me:

Many brokers cannot exectute trades very easily if there is a tiny offer in the market on L2 and so shorters and even market makers put lots of tiny offers in to cap the price.

E.g. this morning, they put literally dozens of 6,000 offers in the book at 8.11, 8.12, 8.13, 8.14 and so on, going all the way up to 8.3.

In this example, most brokers will only give a quote of anything below 8.11 and will only make a tiny offer e.g. 25,000 shares or even just the 6,000 shares. In a £70m cap stock, you should be able to get £25,000 quote and bid orders. Not a maximum of £500 orders!!! and so many people cannot physically buy and just walk away.

Whereas there are clearly 1m block orders below 8p that want to trade and have been there for weeks. So you could easily get your broker to sell into this but he won't make a price for 8.11as the orders are too small.

I've seen the same thing on SEAQ traded stocks where the mm's hold the price down e.g. bidding £25,000 but you can't even buy £500 worth. It is to encourage sellers and make the price look lower than it is and make it difficult for buyers to execute any trade. This should be illegal and the fca probably will make it be at one point this century.

Yep they are taking a huge risk down here.

After the 30 July update, you can bet the 16 Sep announcement will add to that in significantly more detail and the directors will want to calm down any nonsense that is being spread in the market. Same happened with Burford. The shorters spread nonsense and the directors have to come out with in depth statements to explain why it is so, then the share price doubles+

I have said for a few weeks now, the institutions will be buying this and pi's selling.

They don't just jump in at 8:05am and start screaming at 8:10am that they haven't made any money yet.

They analyse the results, perhaps have a meeting with professionals (mining analysts etc) and decide how much capital to allocate. They will take a view of 1, 2 or 5 years+.

If they think the play is worth over 10p (I do), it doesn't matter if they pay 1.8, 1.9 or 3.9p. They will just e.g. throw half a million quid at it and re-analyse on the next news.

The fun starts when you start getting 3 or 4 of them interested at the same time.

They look at the value of the company and consider if it will eventually be worth more i.e. 5x. They don't sit there looking at charts, whining about placings, worry about flippers or a tiny amount of warrants and likely do not even read bulletin boards. They will take their time and buy over a period of a few days/weeks in small orders.

Today's news was incredibly good and we will see that feed into the price over the next few days/weeks as the market digests it.

You lot can do what you wan't but i'm holding onto mine.

I suggested shorters would start buying back before results.

I wouldn't be surprised if this takes off at one point on Thursday/Friday.

They'd better hurry up and get buying faster or the poor souls will get absolultely toasted 8am Monday.

Newcrest market cap is around 20 billion quid.

They would not be constantly talking about Haiveron in their presentations if they thought it would end up being worth less than at least £1bn to them.

GGP = Undervalued at £50m cap ex cash.

Remember last time it took a whole 24-30 hours to feed in the market when we had had5. It went up about 7% on day 1 then 33% the next.
This is cracking news, read it again and go and walk the dog.

Let it breathe. There won't be any shortage of morons selling in the 1.8's at the first oppurtunity.

They will be out of the way by lunchtime and Tuppence will be old money.