Member Info for ParanoiaBlue

ATB Have a good one, but don’t overdo it - fluid-wise !!??? Catch you later.

Was that a religious statement, as we move into another new year! I hope so! If not, I find it, somewhat offensive! Have a good, and hopefully, prosperous New Year

I note that Greenlight Capital [now: 7.39%] has disposed of 12.5m shares, while Citgroup Global Market [now: 6.33%] has picked up 13.4m shares. The resulting SP drop has put me nicely in profit.

Somewhat belatedly – it’s the holiday period – but it is positive news: RNS Number : 6999K 23 December 2008 "Griffin Mining Limited ("Griffin" or the "Company") announces that it has today purchased 34,567 of its own ordinary shares of nominal value $0.01 each ("Ordinary Shares") at 15p per share. The Ordinary Shares have been purchased for cancellation. The purchase represents 0.02% of the Ordinary Shares in issue and is pursuant to the bye laws of the Company and a resolution passed by the directors. The purchase and cancellation will reduce the number of Ordinary Shares in issue to 181,555,164."

Yes I agree. Seemingly, Saint Georges Participations [SGP] is partly underwriting the £52m. placing. They already have a 29% stake, and could own up to 78% of the company - [stock market rules being waived to prevent a full T.O. offer] – depending on the take up of the open offer! To me this is just a temporary reprieve, and I’m still short with DTZ

Yes, I think, that as I’ve highlighted before – ASM has not experienced the “eye-watering” drops seen in many pharmaceuticals. It stacks up with far more “positives,” than “negatives” I, also think that pipeline-wise, further positive news will emerge. The only reasonable response will be a healthy S.P. rise. ATB

See latest on placing etc... http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2054322&source=RNS However a stay of execution to my mind. ATB

.....Legal & General selling. PUB was getting a bit perky recently. Link: http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?ti=PUB

Alizyme plc (LSE:AZM) is pleased to announce that Takeda Pharmaceutical Company Limited ("Takeda") has commenced a Phase III clinical study in Japan of cetilistat (ATL-962) for the treatment of obesity. Link: http://www.alizyme.com/alizyme/media/press/show.jsp?ref=142

“Energy focused International Power said that it has secured long-term financing for the group’s proposed T-Power 420 Megawatt CCGT greenfield project. The company said that it has purchased equity in the project from Advanced Power AG, who was a co-developer in its T-Power project. International Power has explained that the project – to be located in Tessenderlo in Eastern Belgium – will be co-owned by International Power (33%), Siemens Project Ventures (33%) and Tessenderlo Chemie (33%) and will be constructed by Siemens under a full turn-key EPC contract. The total project is estimated to come in at a cost of 448 million Euros, funded by a mix of debt and equity in an 85:15 split. “The development and successful financing of this project in challenging financial market conditions again demonstrates that non-recourse finance is still available for high quality projects,” added Philip Cox, Chief Executive. Shares in International Power dropped by 5.5p to 233.5p.”

"Yesterday, Griffin Mining fell 14 per cent to a new low on announcing the suspension of production at Caijiaying zinc-gold mine in China after the collapse in zinc prices. That retreat means that Griffin’s equity is now valued at £25 million, against the £47 million it holds in cash. In such cases, the stock market is sending the clear signal that the value of such cash must be heavily discounted, either because it will be consumed in administrative expenses and directors’ salaries or in developing projects of limited worth." Let’s hope that the directors get their act together!!

ATB

Please, please, please, don’t confuse the terms: “actual ‘intrinsic’ value;” and “asking price.” The housing market has been doing it for years…………….. hmmmm..

Just before closing, I jumped in for a quick short punt. Checking around, I note that in auction-time, there must have been some downward influence. Oh well, we’ve a weekend to think about it.

Just closed my short position – tidying up for the weekend. Take care!

ATB. I’m actually sitting with an open short – which is well into profit, so my priorities are different. However, I’ll probably close it today, so best wishes for the future.

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2051955&source=RNS The only way is down

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2051956&source=RNS

........lots of potential here, let's hope that this is the start of something good!

Yes, they are just mothballing it for 3 months. I haven’t checked on their web-site yet, so I don’t know the balance of zinc-gold production, but it is obviously, the zinc-side of things which has led to this temporary shutdown, I would have thought.