The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
When investing at the moment consider the specifics of the RNS carefully. It said it was great news in the medium and long term - by definition not in the short term. This is why the shorts are still here as they are convinced a fundraise will follow and they probably even had an inside track on whether NCM would take the 5%. It’s a crooked market and the fact that they upped their cumulative position tells it’s own story. If it gets upped again - beware!
Now a great drilling results on our tenements or Juri could change all that.
Guess what Tom, I have and that’s why there is confusion
https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp
SAS yes exactly and that why Investopedia says the vote stays with the legal owner and not the borrower, contrary to what Bamps has said. It is the name on the voting register. Is Bamps right or Investopedia - I genuinely don’t know, but I do know that if I lend you my car to drive, it doesn’t change the fact that I am still the legal owner of said vehicle
IMO they are already closing and doing a great job. Remember they can’t afford for it to blow so they will buy and let the share rise but not too fast. Each time in last few days that we have seen a big rise it has come down by about 50% and I believe that’s because they will sell a few again to dampen it
A lot of large trades at 11.90 but they could have been sells as I was being offered that price on dummy sell of 200k. If so, then the shorters may have been trying their best but in vain. Either way, another good day ??
Redirons you are correct about NCM shareholders and that’s why I put a 1 year timescale on it as that’s roughly when the purchase would be earning accretive ie they are mining. Jam immediately.
B4zh - juniors hope for a buy-out and that’s why people like Sprott invest in them
Zoros and Spy - having been on the board of big corporates I can tell you they don’t like JVs as they are complicated and expensive to run, plus the minority partner eats into profit (assuming there are profits). IMO NCM will definitely buy HAV and maybe even GGP and I would expect it to happen in the next year. Just conjecture on timeline but personal certainty on the end game