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aandi, they should have used MACspoof to avoid any confusion. MAC is an acronym for media access control. All IP connected devices have a unique identifier called a MAC address. This person has been banned from LSE and has found a way around the ban by using a VPN to hide their IP address and MAC spoofing to hide the type of machine that they are logging on with.
Whilst going on about proper education, shouldn't proper nouns begin with a capital letter aandi? 6 of the best for you my lad!
Hi Floppyjaloppy, no the SA miners aren't back at work. SA has had one of the hardest lockdowns to delay the spread of COVID-19. People are only allowed to leave their property to buy food and essential goods (booze and fags aren't classed as essential), collect medication or visit a doctor. No jogging, cycling or dog walking is allowed. The initial 3 week lockdown that was due to end on 16/4/20 was extended for an extra 2 weeks until 30/4/20. SA even have a curfew here between 20:00 and 05:00 and this doesn't end on 1/5/20. Full lockdown is level 5 and that is what we are in now and it is likely to be reduced to level 4 in May (mines and some other businesses can open at 50% capacity). https://businesstech.co.za/news/lifestyle/393033/south-africa-is-getting-a-new-lockdown-curfew-heres-how-it-works/
The miners can go back to work starting on 1/5/20, although they must bring their workers back gradually and production will be below 50% of normal in May.
https://www.enca.com/news/mines-brace-for-potential-covid-19-infections
https://www.businesslive.co.za/bd/companies/mining/2020-04-23-state-orders-mining-companies-ramping-up-to-tighten-covid-19-measures/
It is going to be tricky to have social distancing in underground mines, so the miners are going to be carefully monitored and quarantined if necessary.
24-Apr-20 15:40:06 0.20518 239,791 Buy* 492.00 O
24-Apr-20 15:37:31 0.20518 239,791 Buy* 492.00 O
24-Apr-20 15:23:05 0.22 223,638 Buy* 492.00 O
24-Apr-20 15:16:59 0.22 223,638 Buy* 492.00 O
24-Apr-20 11:20:56 0.22833 215,479 Buy* 492.00 O
23-Apr-20 16:22:53 0.2295 650,000 Buy* 1,492 A
23-Apr-20 16:09:22 0.22849 215,328 Buy* 492.00 O
23-Apr-20 16:04:41 0.22849 215,328 Buy* 492.00 O
23-Apr-20 12:43:32 0.2192 1,000,000 Buy* 2,192 O
Looking at the above trades, these could be all be buys from the same person. See how the bought value is £xx92 (where the x is either 4, 14 or 21)?
When buying shares most people select the number of shares they want and the final price ends up being a random cost like £581.51, especially with low value shares. It looks like this purchaser wants to buy whatever amount of shares they can get for a fixed price, eg £492. Would several random people decide to buy MTFB shares on the same day and decide they wanted to buy them for a fixed price of £xx92 ?
If these were all bought by the same person that is 3,222,993 shares they have quietly bought over the course of 1.5 days. This is as far back as the recent trades page shows so I don't know if they have been doing it regularly since the 14th of April.
Morten28: I'm not sure who could be buying but somebody is quietly accumulating. Look at the buys on Friday and you'll see somebody is buying shares in £492 chunks throughout the day. There have been the same pattern of buys where it looks like the same person is buying small quantities of shares several times rather than drawing attention to themselves and buying over 1m shares at a time (maybe they get an NT asking for larger quantities or they want to buy in without driving the price up).
It looks like RNSman was booted from LSE as his account has been wiped.
Our friend lamtree seems to have escaped with a yellow card rather than a red one, as their name is still searchable on the database but inactive. We'll find out how long a typical LSE suspension is when/if he comes back on the EUA BB. Hopefully we will come out of suspension with positive news of a buyer or JV before lamtree returns!
TLWilliams, Lamtree was invested with EUA and made roughly a 30% profit on his investment. They sold up at 4.1p because they felt the company was dodgy and wouldn't invest again. They even claimed they were going to actively short EUA if the share price went above 4p again, but luckily for them they didn't because after it hit 4p again it kept rising until it was suspended at 7.2p. Lamtree has admitted they don't have shares, yet was making around 10 posts per day telling people his opinions on EUA. A handful of people told him multiple times (politely or otherwise) to find another hobby and either LSE must have had too many complaints or he went too far with one comment and they were suspended.
Lamtree seems to be a glass half empty person, looking for any negatives to explain why a business isn't going to work. That in itself isn't bad, as it is good to hear things from all sides and they made some valid observations/comments that I had also noticed or agreed with. It was their tendency to wind people up and their prolific posting that finally lead to LSE finally giving them a suspension.
Don't panic BluePete as his account is still on LSE but currently inactive, so he appears to have been shown a yellow card instead of a red. I don't know the duration of a typical LSE suspension, but hopefully you will have some peace for a week or two.
TLWilliams, I'm not sure if the ever popular lamtree had made several comments on the deleted thread. Lamtree finally had their account deleted on Thursday afternoon after winding up too many people on the EUA BB with his typical comments saying that everyone invested was a mug. Look out for a brand new poster on the BT BB over the coming week, as they could be the new iteration of our old friend lamtree.
MTRO aren't only seeing low volumes - they are loads of weird trades of 1 and 2 buying and selling shares. They are ordinary trades rather than algos. Does anybody have an idea what is going on here?
I've not had much luck with SAGA over the years. Cannot remember the exact numbers of 1st purchase but bought on a Motley Fool recommendation at almost 190p and sold at 125p. Bought again at 110p and sold at 55p (only sold then to put money on a better bet to recoup the losses). Bought at 40p and got out with 10%+ profit (3rd time lucky!) Thought SAGA were a no brainer at 30p and they still dropped to under 15p! Still got them at 30p and have been seriously thinking of averaging down. They are a fairly diversified business with insurance making up the bulk of their profit, yet they are valued as if they are totally in the cruise business! They had old ships that they scrapped and commissioned 2 brand new ones. One launched Summer 2019 and the other due for launch later this year. Both are all balcony ships and carry a maximum of 999 passengers - SAGA have 50+ age restriction, although only 1 of a couple need to be over 50 as long as their partner is over 40. Really undervalued IMO but SAGA share price seems to be driven by poor market sentiment over the past few years and this may continue after COVID-19. Everyone uses the cliche of "cruise ships being floating petri dishes" but their brand new ships have spacious cabins and bathrooms so there might be more demand for these rather the mega cruise ships of the other operators.
MKS - they are a blast from the past. Used to have these as the bulk of my share portfolio in the 1990s. I think I bought hem at 300p or so and sold for 400-475p.
Was also considering AA when under 16p but thought about it too long and missed out. SAGA is still sitting at around 16p so the trick is to pick which one has the most upside over the next few months. Buying AA gives some diversity, but I still think SAGA could climb strongly in the coming months and be nudging 50p by year end if we get COVID-19 under control. DYOR and as I've said I've previously got SAGA well wrong!
Amers, After watching MTRO for a while I bought at 200p in mid Jan and had a paper profit of almost 15% by the end of Jan. Unfortunately I didn't pull out then and I bought some more at just below 180p. My reasoning was the previous low was 170p and MTRO was bouncing about near 200p for around 4 months before I bought in. I thought it would bounce back up off 170p and climb back up again to 200p but it continued to slide. Oops!
JTMacs, EUA has 2 main sites - Monchetundra and West Kytlim. Monchetundra (and flanks) makes up the vast amount of the EUA in ground PGM (maybe 90% Monchetundra and 10% West Kytlim?) EUA have previously been mining at West Kytlim for a few years (previously using contractors) and it is almost like a "hobby mine" for them. They have 2 diggers on-site, another and a tipper on order and they have serviced their wash plant. Very small scale.
Monchetundra is HUGE - something like 20km long? Needs investment/equipment/labour on a much larger scale to mine all the PGM. IMO we definitely need to sell Monchetundra or do a JV with one of the big players to monetize the in-ground assets. I was hoping Nornickel would either fully buy us out or buy Monchetundra as we are on their doorstep. If they just take Monchetundra, EUA would still exist and they could pay shareholders a special dividend. So my guess is we will still have the EUA shares and have WK to mine and get a special dividend as part of the payment for MT. Rest of the money from MT sale could also go to developing WK and mining that faster (generating an annual dividend). They have already taken on a couple of experts and the RNS said they are looking at adding to directors so IMO this sounded like a full takeover may not happen.
Mega derampers say it is all smoke and mirrors and EUA has overstated their position and this is spooking some people (as some people have gone all in on EUA). On day of suspension I was 100% happy that I was in and I'm going to make a packet - now only feel 90% certainty that I'll come out with over 7.2p per share. Two big positives are the 2 long-term directors have heavily invested their own money in EUA and it has been trading for years. One of the new experts they hired isn't being paid a salary - he gets EUA shares so he must be happy that the share price has potential.
My major concern is Christian Schaffalitzky is now wanting to start a crypto investment for PGMs starting later this year. If they don't appoint a Nomad and get delisted from AIM would they try to raise money via this crypto currency offer and take the company private? Even if this did happen, they would need to pay a fair price but would getting payment be straightforward when the company isn't officially trading on AIM?
Theosus, the EUA BB has tended to have people that have been ramping the share and they gang up and bully people who say anything negative. It's not so bad now as the share is suspended so everyone is trying to make sense of the various scant RNS that have been issued over the past couple of months. The rampers still think that anybody saying negative things must be holding a short but that isn't true. One of the rampers may have written the blog exposing TW and he may have had several previous names on the EUA BB and been banned because of bullying. I'm talking about Ruskiemole/Gulagescapee/Puntersfriend who have always had the same MO. They come along and seem pretty knowledgeable about the company but soon dominate the BB and pick fights with people who have alternative opinions. They play the man rather than debate any alternative views. Quickly break down and storm off in a huff and delete their account or get banned. IMO this guy also put together a research note from Gulag Capital Partners that valued EUA at 70p. Gulag Capital Partners doesn't seem to be a registered company - just a guy with a twitter account. Another guy TrickyDickieTwo is always called a deramper/shorter, but he showed a screenshot of his holdings and bought into EUA at 0.45p and has at least 100,000 shares (probably has 1 or 2m). He brings up valid concerns but he is bullied by the rampers (and some of the rampers think he is TW or works with him). There is another guy called Lamtree who doesn't have any holding or short position in EUA but he spends lots of time upsetting the rampers. It is quite common for posts or complete threads to be deleted on the EUA BB - happens several times per week. The MTRO BB is so much more relaxing than going into that madhouse!! Sorry for the off-topic discussions but we would be keelhauled and made to walk the plank if we had this discussion on the EUA BB.
Amers, I've just been doing some reading on Tom Winnifrith.
https://sharetipstersuncovered.wordpress.com/category/tom-winnifrith/
That sharetipster blog has lots of other pages about TW that shows he definitely isn't an investment guru (including not doing DD on companies he was buying/investing in). Virtually all the shares he tipped in 2011 and 2012 lost money and he was sacked. I can now understand why he looks for holes in AIM shares and sells subscriptions saying which ones are worth shorting given his past performance! He also previously recommended shorting NCYT and that wasn't a good call either!
IMO the prospects at EUA don't look too bad. We all hoped that a big offer from another company to buy out EUA would have materialized by now and this hasn't happened. It is more likely that either somebody bids on Monchetundra or we do a JV partnership with one of the big miners on Monchetundra.
That's 2 Nomads that we have heard are dodgy, but hopefully EUA will announce they have appointed one of the other Nomads with a better reputation in the near future.
JTMacs, sounds like the broker did okay out of that deal then! So what sort of trade does the buyer do for this? Do they set a max price they will pay for the deal? About 5% over the current price sounded like a big margin to me (but I only make small purchases and sometimes set limit buys below current price). It will be interesting to see if some other large buys come through after close.
Is there any reason why the buyer had to pay over 95p to buy over 100,000 shares? That's around a 5% premium on the price prior to the buy. Is it an impatient buyer, the broker taking advantage or normal practice to secure that amount of shares?
If you take the closing selling price on this LSE website I'll pick 7.2p as the site will have likely crashed well before close! :-)
Please put me down for 7.37p finish
Just around Easter - a perfect time for MTFB to make a resurrection!
Not quite day trading, but my limit sell on LUCE was triggered today at 84p. Banked over 75% profit in under 1 month. If somebody timed things perfectly and bought right at the low last month they would have more than doubled their money today. The SP will probably still keep rising, but I'm happy with that profit in these uncertain time. Did anybody but into AA at 15p? I missed the boat on it and it is now nudging 17p.
Fleccy, there seems to be so much negative news around 5G right now. This is another negative that the telecomms companies will need to deal with - more so VOD than BT. I'm a physicist but specialized in physical electronics and semiconductor technology when I graduated in the late 80s. I've worked on the optical and (wired) access parts of telecom networks, but never been involved with wireless. I've seen a few Youtube videos mentioning the evils of 5G during this lockdown period, but it isn't something I've looked into myself. You mention gamma rays as non-ionizing: they don't directly knock electrons from atoms, but I wouldn't want everyday exposure to them!