'east star resources plc (lse:est), the kazakhstan-focused gold, copper and now rare earths explorer' from 2022, that was literally why they applied for the license for the iac ffs, care to explain why the company would describe themselves as that please or are you talking out your ****?
Agreed, I think if you've got some belief in it then it's a no brainer. So many of these exploration companies fold, just didn't expect it to rise like it has, hopefully it keeps it up in the coming months
I bought in least year at 4.9p and watched it crater. Still massively underwater, I know there's no such thing as timing the market but I'm starting to realise that buying individual stocks requires a lot of luck on that front. I'll be lucky to break even here, didn't dare avg down as I had no confidence in it with the bad dig results and the change from rare earth's to copper
christ this share is an absolute stinker, i knew i should have sold out on the first rns of bgf accumulating shares, given the buying volume it was barely holding the 70s, they were clearly holding it up. absolutely ****ed with an avg buy in at the mid 80s, how the **** this ever did over 200p in a high interest/inflation environment boggles my mind
There's a massive disconnect between what the market values this business and what the 'board' does. And somewhere in the middle is financials which cannot be ignored by either party. It's a really bad day all round whichever way you look at it, fully expect this to land in the 30s by year end.
How is that Bloomberg report 'intelligence'? What have they said that we didn't know yesterday? Apollo have half a trillion dollars worth of assets under management, I think they're very aware of the value of the business and it's projected growth, they're also very aware of the makeup of the boardroom and the rejection of last year's offers would mean they would have to go in with an improved bid or terms, I don't get it.
Today's drop had nowt to do with article in my opinion, something is brewing in the background, really felt like Apollo were walking away. I don't think there would be any other interested parties here either.
I just can't see a 2.55 a share figure, they've overpaid for acquisitions and they still don't turn a profit. I'm still invested here but I just don't understand Apollo's angle, they've already got a bid going for Wood, they have the previous bids from 12 months ago as a baseline, I just can't wrap my head around why they'd even come forward, I mean how 'highly preliminary ' is highly preliminary? Why bother getting ex bosses of major health and beauty brands on board? What is their purpose in all of this? Is it just smoke and mirrors and if it is, why?
They massively overpaid, I don't understand how you're not getting that. There's literally 1000s of examples from the bull run in 2021 where that's the case, check any NASDAQ comp that had loads of PR behind it like DKNGS or BYND and they're 80-90% down from highs. In a balanced, risk managed portfolio you're going to get winners and losers, to get half of your investment back would be a job well done if you paid the £5+ at IPO.
I bought in at the 80s and am currently contemplating it after seeing a 30% rise, there's folk that have multibagged from the lows of a few months ago. I genuinely can't see this being sold, if Moulding or the board were more realistic about the current market and allowed for a similar bid as last year (1.70) then fair enough, I just can't see a £2 plus bid from Apollo personally, yesterday news from Sky was positive mind. I'm very much on the fence at the min, feels like a very binary gamble, if this falls through the share price will fall hard back to the 50s/60s.
Manc, surely at this point any positive price action from short positions having to buy back shares is moot when we want a realistic (read: an offer MM would accept) offer tabled in instead? Noticed qube have increased theirs on the 19th
He has a wiki article, seems like an astute businessman, assuming he's looking to make a quick buck here? For a company to be approached twice with serious offers in a 12 month timeframe I can't help but feel excited at the prospect of a buyout this time.