Member Info for MaverickD

His average may well be higher but at the very least it is 35p therefore it makes sense he try and get the rest of the company for say 100m. SD have access to £1 billion and that would allow him to restructure the business to fit his portfolio. Synergies and economies of scale joining this with what he has at HF and SD.

Statement is to fend off Ashley - article was in the FT for all to read yesterday. Ashley will move in my view to make a formal offer. He has 30% of the business for an average sp of around 35p I believe. An offer of 10p would in my view makes sense for what's left. Those short will be filling their boots.

The problems Debenhams face is the same story across the high street. They will now streamline their portfolio and their high st foot print, have a world renowned supplier on board and financing to get it through this difficult period. I firmly believe there is value here, so am invested.

Are setting the spread so as to shield the buys, but no worries this is going to bounce really hard over the next few hours.

I would say a minimum of 10p

Going to move a lot higher ……..

Will now be bidding a lot higher - read FT article.

It will certainly be close the 5p today, as one would expect news over the weekend that would lock some out. Will see steady buying, along with some sells - keeps it all liquid. GLA

Has access to £1bn, so he will probably try and make an offer of say £100m to secure this in his portfolio. Not run the risk of losing it!

The upward direction - sellers earlier are now the buyers and now we will see the next wave

Offer in the wings...….only one way and I think the shorts will cause this to erupt!

Looking back over the partial report of the Carl Bethel conversation-
It would be useful to see a verbatim account of the interview as the press report is partial and rather selective ...
it’s the context of this line ..
“I have been made aware that they have already commissioned and have an agreement with a major oil company,” Bethel said.
“I cannot say who, but I know who.
BPC clearly HAVENT commissioned a major oil company they are seeking JV partner. they HAVE on the other hand commissioned Macquarie.
and they have HAD an agreement with a major oil company - an exclusivity agreement and an NDA agreement with same company -
is CB referring to this agreement - clearly he is likely to have known the identity and obviously still could not reveal the identity due to said NDA.
clearly BPC do not yet have any agreement in full with any partner as they have clearly stated this 28/2 RNS
If anyone can find a link to the full video interview obviously the context would clear this up to some extent.

Have mopped up the gain from the PFS RNS filled orders - really undervalued and looking forward to a re-rating! 10p plus in my view, as minimum - said this a few times now.

Filled …… I have added more at this level as its far too cheap in my view. Value to me long term is massive and with the details of the PFS I can't see less than 10p...….hence my support at these levels

My take on this is fairly straightforward, this from someone that’s held for a few years. We have a market cap of £22m with an announcement that our asset is with around $3billion. Now volumes yesterday were significant, however sp movement was capped due to the 5.4 million share purchase that was worked through. Today I am thinking that the sp will be heading a lot higher - plenty of newsflow digested. My conservative view is that we should be trading in well in excess of 10p which is only £65m. This is very cheap if you study the details of PFS. Another factor in all of this is going to be the demand for nickel in the auto industry as battery vehicles are set to fill the gap in market, which used to be occupied by diesel.

MMs were collecting stock all day to fill that massive order. Now that is out of the way I wonder how many more buys are we going to see......tomorrow may well bring what I expected today.

Now with a number of the sells actually buys earlier now the spread has tightened we should see this head up......just waiting for the algos to kick in.

The news sets a foundation and puts the business in a far better footing to sign up a partner.

Bargain in my view and the market knows it - just a case of MMs taking out the traders.

Next wave of buying will now commence.......

Has now narrowed and you should see the trades reflect the buys. This will climb and fair value in my view is no less than 10p

No I believe we will see a partner show their cards now the PFS is in place.