Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Velo,
Have been searching whole weekend can’t recall where I saw closing shorts for rally. Interesting thing was the diversion, share in over 90 companies where down and average of high in up share was quite small but index was up 2%. Sounded like derivative market is somehow detached from actual stock market. Apologies I may be talking complete garbage.
In a CNBC chat they said the last minute rally happened as a pension fund made a purchase circa $3 billions. Also it could be due to closing short bets because of Fed announcement on Friday, and the possibility that they might introduce some measures during the weekend.
The price action relative to the sector and FTSE 100 is quite out of tune. Looking at the balance sheets, can’t figure out why VOD or Talk being treated as more robust businesses.
This is from Invetopedia...
“ If an investor short sells a stock that goes bankrupt, this is the ideal situation because the investor owes nothing to the person from whom they borrowed the shares”
It is like jackpot, a short in this situation means you buy share at nil and return loaned shared. BUT you have to wait until NMC confirm that suspension is not temporary anymore , till them your margin is tied up.
The one I know, Patisserie Valerie, never came back. Still trades as an enterprise but not as public company.
Should have been suspended while ago, when there was discrepancies in share ownership, senior managers got sacked, ....Our biggest enemy is confirmation bias.
Piano piano .....
IG removed it from its platform. Any idea iwhy?
“ Divi has been frozen at 206 per year.”
They said divi will be revised based on annual profit. Can’t find in reports or rns if they said it was frozen. Do you know for how long it is frozen ? can you post a link for this?
Why moaning Avro when you had many chances to sell your little position since last summer for a profit. Get a life or see your GP, self harming is bad for you.
Now I see who bought 1.29 m shares at 10:15 :)
When is the result day? They don’t seem to have financial colander on their website ?
Anyway, I have feeling that shares will be suspended by then. I have no position, waiting for some credible clarity.
That RNS was very important and prompted FCA probe. But some got excited with “highly preliminary” bid offers. One was not credible, KKR promptly pulled out, though GK is mulling an offer, which could be anything but top dollars.
Laugh at me as much as you like but fake or misleading news either way, short or long, would cost some people dearly. In current situation one should be realistic and have clear head..
Estimating risk/rewards..... considering FCA probe to misinforming market and almost two months for NMC board to establish company’s debt and cash balance
what are the chances that NMC shares get suspended before Freeh report and goes into hands of creditors?
Why nobody should listen to NMC’s talk of bids.
https://www.ft.com/content/f08ba398-4c00-11ea-95a0-43d18ec715f5
“ That's a dangerous claim that you can't backup and may impact the judgement of other shareholders.”
Agree , this is very true.