Member Info for Kweali

It's an Untying Trade.

I don't hold any of this (thankfully) but glance at it every now and again. The yo yo of the share price is something to behold (and the same for ASOS) . There can't be any relationship to fundamentals here, it's just pure speculation and for the small PI luck if you happen to get on the same bus as the big players on any given day. Bon chance mon amis

I don't know about that but I do know that shipping is very volatile (it used to be cyclical but I think that era has passed) and a broker's 1.25% commission is only as good as the market rates. On a good mkt it's great but on a bad mkt......my gut feeling is that at its recent highs this share price was factoring in a good bull run last year but from what I hear the market doesn't look so rosy going forwards...

current global political instability and it's impact on trade is one aspect of it. Shipbrokers make their money on commission and if charterers pull back from activity due to a 'wait and see approach' there is less activity. Of course this is a very short term approach but that seems to be the timescale on which shares are traded nowadays.

I don’t have the detailed spread info. Can anybody ascertain if the reasonable sized trades occurring just before the close over the last few days are buys or sells?

Thanks. I was a cape broker with one of their London competitors and compared to this strategy from Braemar that company were/are light years behind. Obviously brokers are beholden unto mkt conditions but I really hope these guys can take the fight to Clarksons.

Interesting article thanks. How good is the Braemar FFA desk?

It obviously takes a while to feed through but the dry bulk mkt (which makes up a chunk of broking revenue) has fallen significantly in recent days. Negative sentiment feeding through perhaps

I feel genuinely sorry for small investors who have got sucked into this. More turkey in THG than the Bernard Matthews empire. Stirring a few memories of the 2000 Dotcom crash when so many got burnt (me included) and the King's new clothes were revealed to be non-existent.

FYI I'm overall about 5% down on this as of now, certainly not in profit

No, I saw this coming so sold on Friday. Some people do (17 posts) and some people just talk a lot (1,00000000 posts)

Isn't flying downwards called crashing? Kind of predictable

About the same here but I just took the hit

Research ‘trans -shipping’
Everything floats and it uses barges. I’ve fixed many ships loading using this system.
There is also a very technologically advanced bit of kit called a dredger....

No interest in the rest of your post but I can tell you with absolute certainty that high grade iron ore gets shipped from Seven Islands on Canadian East Coast around the Cape of Good Hope to Japan and has been since the 1970's. The second biggest iron ore shipping route is Brazil to China, it takes a 180,000 dwt capesize ship about three months for the China - Brazil (empty leg) - China voyage. Horrible for the environmental but distance is not barrier to shipping if the demand is there.

Having work closely with the Chinese on the shipping side of the commodities game I get the impression that a lot of people on here don't appreciate the close links between the Chinese 'private' sector and Chinese govt when it comes to strategic level plays like this. This takeover contract is basically siting in the bottom desk draw waiting for the signature ink to dry before it's shown the light of day in June.

'Fait au complet' this will go through...
Reading this part of the RNS it would seem fairly obvious that the placing at 45p was priced to make a 67.5p offer look good. This deal has obviously been under discussion between BCN and Ganfeng for some time:

"It is intended that the Possible Offer, if made, would be structured as a recommended offer to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2016 (the "Scheme"), whereby Ganfeng would acquire the entire issued and to be issued ordinary share capital of Bacanora, other than that which it already owns, at the Offer Price. This would represent a premium of approximately:
· 50.0 per cent. to the Closing Price of 45.0 pence per Bacanora Share on 5 May 2021, being the last practicable date before this Announcement; and
· 54.4 per cent. to the volume weighted average price of approximately 43.7 pence per Bacanora Share for the three-month period ending on 5 May 2021, being the last practicable date before this Announcement.

thanks

Gd Morning, I'm a small holder of BCN shares and like reading the comments on here. Interested to hear thoughts from some of the more informed in the impact you think this slide will have on the company as this is obviously having a noticeable impact on the mkt cap, thanks.

Have a cigar or do some gardening.
You'll drive yourself mad if you log on and check the price every 30 minutes. Shares go up and down.
https://www.youtube.com/watch?v=xbdxm8Ia0Wc