Member Info for mattlilly

Bought another 100,000 at 17.86...

I esxpect that to be our last purchase ever...

Now thats curious...

There was a bargain booked at 19p in the first four reported on the LSE Official site but now its gone and been replace by one at 18.18...

How do they do that...?

Brokers can't borrow shares...market makers/participants can...

And irrespectuve of whether my speculatiion is right or wrong below....

Somebody paid 19.20 for 42 million shares...

Jiangxi bought 6.3% of the company....

Short of a general market crash, what can go wrong...?

Actually addickt I think it was an accumulation, which is why it had the Trade Flag of tNCP, allowing the price not to affect the market price...

As you know, with the much higher volumes over the last month or so (at least double the long run average), I have been confident there has been a persistent buyer in the background and as I mentioned before, if it is one order it doesn't have to be posted until it is complete...insdeed I wonder if the 14.5 million shares that Norges bank had lent had something to do mith this...and we know that Blackrock lends shares...

Such share borrowing could enable a MM for example to sell shares it didn't own while they accumulated the order...

Just speculation but...

Oh my oh my...what is this share price doing sub 18...this is ridiculous...last chance to buy before the takeover train leaves the station...?

Simples...why does anyone buy 42 million shares at 19.20...18% above what they could have paid 10 days ago...?

1 Because they are certain something is going to happen soon

2 Because for that size at that time there weren't enough people prepared to sell...except at a premium price and

3 Unless it's an incredibly ballsy private investor, it has to be an entity building or increasing their stake...

And when you look at...

Ingo, Ayten, Darryl, Jason, Lisa, Keith, Kevin, Elodie all going

Shut down of all activities and no PFS2 or Porvenir PEA, plus a merger with a company who detested you less than two years ago and the import of two of their key players onto the Board plus

Maxit advising both and their owner making a considered highly inflammatory and unprofessional statement to the press deliberately designed to anger our two biggest shareholders

The biggest, state owned, copper company buying shares and a subsidiary of one of the worlds biggest corporations (Mitsui/Sumitomo) desperate for a stake in Cascabel...

And finally somebody incredibly well informed buying shares NOW...you come to a simple conclusion...

So let the takeover war start...

Voting rights always remain with the owner of the shares. 

An investor enters into a short sale when they believe that the value of a security will decrease. They decide to sell the shares, however, they don't have any shares to sell so must borrow them from a broker and return them at some point. Because they never own the shares they are never the holder of record and will not have voting rights.

Voting rights always remain with the owner of the shares. This is either the original investor that bought them or the investor that buys them in the open market when the shares are sold in the open market during a short sale, which is agreed upon when opening a margin account.

They've loaned shares TO another entity(ies)... 14.5 million...

So Norges Bank has increased its holding by almost 9 million shares and its got nothing to do with today's 42 million because the RNS is reporting a transaction from yesterday or last week...

As far as I can see they've iNCREASED their exposure...less shares but more instruments...

Before 3.066 + 0.157 = 3.223...

After 2.977 + 0.632 = 3.609...

82,875,000/2.296 bn = 3.609%

The Trade Flag was TNCP

"Executions not subject to current market price will be identified for post trade reporting as “TNCP”"

Maybe somebody can explain this...

"MiFIR requires certain trades to be flagged as a ‘transaction not-contributing to
price formation’ (TNCP) (or similar). The TNCP flag includes technical
transactions, such as collateral transfers, give-ups and give-ins, and inter-
affiliate trades undertaken for operational purposes. However, it also includes a
number of transactions that may represent an economic trading interest, such
as benchmark trades (see Appendix A2 for more detail). Given this, it is
possible that applying a filter based on the TNCP flag alone may over-estimate
the number of technical transactions. On the other hand, it is not clear that all
technical transactions will have been identified as TNCP. For example, in Q1
2021 there were 540 trade sub-condition codes within the SI and OTC
categories across the European equity market universe.9 While some of these
codes have not been explicitly flagged as ‘TNCP’, the precise economic nature
of the transaction is not clear from the available information."

Surely the big significance is 19.20 paid...?

Could it have been the completion of an order put together over the last 3 weeks...?

RNS, TR1 tomorrow...? Jinagxi or Mitsui...?

Its correct...45470954 total volume today...

1.8% Jiangxi or Mitsui...?

Understood...so it could be one holder or a large number of holders, so it could still be used to disguise the identity of a holder...

"HKSCC Nominees Limited is the nominal holder of the Shares held by non-registered H Shareholders."

And I don't need your waste of time posts that add nothing to the debate while others on here are trying to keep investors informed and interested while we wait for the first takeover bid...

ToS filtered...

And here's an interesting quote from the Greenland Institute report on mining in Greenland...

(It is also of interest to fellow holders of JAY on here)

"Greenland is thought to have excellent geological potential for sediment-hosted copper although to date there has been little exploration. China’s largest copper producer, Jiangxi Copper, is involved in ex- ploration in eastern Greenland in partnership with other investors from Jiangxi province and Nordic Mining, a British mining exploration company. Jiangxi Copper has aspirations to become one of the world’s largest integrated mining companies and is currently involved in a series of mergers and acquisitions in China aimed at becoming a major player in China’s rare earth industry. Jiangxi Copper appears eager to secure overseas assets to supply its smelting business with copper concentrates, and recently ac-
quired a stake in mining operations in Albania. If the group from Jiangxi makes a significant discovery they would have the capacity, through Jiangxi Copper, to develop a mine relatively quickly.'

Jiangxi is highly acquisitive and is building a portfolio of investments such as 20% in First Qunatum, which may well lead to a full blown bid...

Remember these companies have the full and unlimited backing of the Chinese government which is seeking to gain a stranglehold on strategic minerals and REMs...

"China’s copper producer Jiangxi Copper has signed an agreement to buy the entire equity interest in PIM Cupric Holdings (PCH), which owns a 17.6% stake in First Quantum Minerals , for $1.1bn.

Jiangxi Copper will acquire PCH from investment company Pangaea Investment Management (PIM).

The transaction is executed through Jiangxi Copper’s wholly-owned subsidiary Jiangxi Copper (Hong Kong) Investment Company (JCCHK)."

First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016...

FQM owns the Cobre Mine in Panama

Cobre Panama represents a total US$6.2 billion investment, partly financed by deposits in the amount of US$1'356 million from Franco-Nevada against future deliveries of gold and silver produced by the mine

At full current capacity, the plant will process 85Mtpa of ore to produce more than 300,000 tonnes of copper per year along with gold, silver and molybdenum.

Jiangxi now owns 18.3% of FQM....Blackrock owns 2.01%...