The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
kopfkissen. I think you are right. I was browsing the "other site" earlier today and a character called Jakthelad or jerknife (I forget) raised a few comments [queries] if I recall and started an argument. Might be related. I'll have to go back and re-read.
Just Bed n ISA’d on ii but god knows when they actually do it. Nothing shows on order list. Just a message on the preview page stating they will do their best to execute etc etc etc. Will be interesting to see what I “lost” on the spread and how many shares lost.
I hope so. I’ve just set up ISA on line with ii this morning for my daughter whose EUA is now in CGT bracket on trading a/c. Hoping to Bed n isa tomorrow but knowing my (our) luck this will soar past 20p before I can hit the Bed transfer button. Lol
Not seen this before. Does rule 8.3 of Takeover Code means you have to declare any interest (or short) position from 1%+ . I presume we will be getting a list of others having to declare including any big shorters like the TW club or "affiliates"? Or am I reading this wrong?
Here's my take: If we came out of suspension now with no known offers this would cause instant chaos. Just like the figures being presented here (7p to £5) the market would be so volatile that it would probably be constantly in auction with Price Monitoring RNS's. Add the shorters closing in panic into the mix and you just would not have an orderly market. Now, if we have an offer then this would set the SP at or near that offered price and whilst there might still be an initial frenzy from the 8.am bell this would presumably "settle down". Then we could see more counter offers arriving at the table which would see the SP adjust upwards in a sudden but calmer jump to nearer the newer offer. For me I am happy not to have to think about it and just sit back and hope for the pay-off with no more trading. I am going for somewhere around the AFC SP report , say about 50p anyway but I would be quite happy even with 35p-40p.
Oh what the heck. I bought 25,000 just now. In for a penny etc.
I have been hovering on this for a week or so. As always it ticks up just before I hit BUY.
I went to school in Cyprus and "did" own land until some guys from the mainland arrived and are now looking after it for me" whilst I fight it out in the Greek/Turkish Courts.
I will be visiting this summer (Corona allowing) so might climb the hill, to see what's happening. after I cross the green line from north.
Incidentally this tipster; Who is Doc Holiday anyway? Not that I would ever buy based on a Twitter tip, or am I missing something?
....whilst we are all waiting.
Progressing well and "on schedule" - see CS comment; penultimate paragraph.
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From Morningstar 17 Dec 2019:
Eurasia Mining PLC said Tuesday the Russian Ministry of Defense has approved the Monchetundra Flanks application, although final approval from SevZapNedra, the regional licensing body, is still awaited.
Eurasia Mining shares were up 11% in London at 2.64 pence each on Tuesday.
The platinum and gold miner said the Russian military approval is an important step in obtaining the Flanks licence, and the company is "happy to confirm" that the Flanks application process is progressing as planned and it expects to receive the license "in due course".
Monchetundra has state-approved reserves and resources of about 1.9 million ounces of platinum and palladium, Eurasia Mining said. It is located some 130 kilometres from Murmansk, not far from Russia's border with Finland.
Research in Russia found that the whole of Monchetundra, which includes areas where Eurasia does not currently have a licence for, has a potential 40 million ounces of platinum group metals.
Christian Schaffalitzky, chair of the company, said: "The directors are pleased that all our applications including the Monchetundra Flanks are progressing well and on schedule."
"We look forward to the formal license issue, which is in line with our strategy to become one of the largest alluvial platinum group metals operations globally," Schaffalitzky said.
Just for those who want to know:
Kommersant UK is the only Russian language newspaper focusing on business and politics in Great Britain. Published twice weekly, it is available in all good newsagents, Russian shops, via subscription, five star hotels, airport lounges, private jets and many more. Originating in Russia, Kommersant was founded by Vladimir Yakovlev in 1988. Today it is one the five biggest media houses in Russia and one of only a handful to have UK representation. Its pages are enjoyed by thousands and reveal news and stories from the world of politics, business, economics, culture, sports, and society.
Today Kommersant UK delivers the most important and valuable information to the Russian speaking community in the UK, including legislation changes, specifics of business in Great Britain, all major social and business events, success stories and details of new companies founded or managed by Russian speaking residents.
Thanks Ian for that excellent summary. I, like you, have massive losses outside ISA so I can afford to make a killing on EUA (hopefully) and not pay tax plus I have my ISA and loads of A.P.S.'s in the ISA so, with luck, I hope EUA makes my "small" fortune totally tax free in both trading and ISA accounts.
Great summary though on the 30 day rule. Always found this confusing.
A1EX. Yes, I do it three ways. 1. as has been said - Bed 'n ISA, 2. I sell in trading account, wait 2 days for cash, move the cash over and buy back. 3. I fund ISA (if £20k allowance not used up), buy and then sell in the trading account. The latter two based on waiting for price to go up or down. i.e. I try to do what I call these "manual Bed 'n ISA's" so I don't lose out on the spread and fees. Finally I am firtunate that I also have an A.P.S. (Additional Permitted Subscription) which allows me, this year for example, to put over £100k into the ISA. If you are entitled to an A.P.S. then go for it. I should add I don't have £100k to put into it so if anyone wants to top up their IA (via me) send me the cash - lol.
littlebricks - I have just purchased 70,000 in last few minutes and shows as sell.
Point being, as we are all aware that buys and sells don't necessarily tell the true picture, in that my order is same as a load of others at same price and they are all showing as SELLs.
I think this point is made endlessly. Buys are shown often as Sells.
Therefore in relation to your point of "mopping up" I would guess they are already mopped up ....just in the wrong column.
Makes me think about Morecombe and Wise (the Previn sketch).......not necessarily in the right order etc refers. lol.
Written in a bit of a hurry I think using pic from last year at least.
Old photo, bad grammar, punctuation and spelling ("Hurricne").
"Mr" Trice?
Anyway, nice to see any positive publicity.
Onwards and upwards although surprising how we aren't past 1st gear on the SP move even at this early stage.
LW - tbh I haven't followed the "mindset" of RB very much but interestingly an opposing view has just been "painted" on ADVFN after I posted the same ES article.
Like many I am hopeful and pleased that I am in HUR relatively early (well, about 50p avge) so whatever happens I certainly hope to make 100% and then "sell the cream" for a free ride thereafter to cover any possibilities of CA, or others, voting to sell up early.
PS: I should have clarified - not related directly to HUR of course.
This is old but interesting comment about the mindset of RB:
context of article........... "activists seen as the devil incarnate, creators of mayhem, the shares go up, then they're on their way, having made a killing?"
RB answer:
"We're not in-and-out merchants. We've never sold a share. We believe businesses should realise their potential. Their boards have an obligation to deliver to their shareholders and to realise their potential." What Crystal Amber does is "to drill down into the detail and see the facts.