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Interesting thoughts.

MA will need to pitch any offer at a sensible level for it to be considered credible and able to be recommended to shareholders.

Too low say sub 50p and it will run the risk of being rejected by the BoD.

The SP would then spike and he will need to accumulate at higher levels.

There probably is a sweet spot which is attractive to all parties and which MK can profit handsomely on his £15m buys at 31p.

If MK can double his money from here we might see an offer be recommended by the BoD.

Protecting his Salary..??

By sticking £15,470,449.25 cash in.

Don't be so silly.

@Reardon95

What are your thoughts if a cash and shares offer is tabled at say 59p+

BOD might just accept it as an easy double up for the Kamani's.

Think any buys from present range will do well with a buyout now much more likely

At what price?

Not sure, even if we see some cheeky bids at a nice premium to today's SP declined.

That in itself would boost the SP.

Anyone know what the Kamani's holdings average is now following today new issuance?

With them chunking in for more alongside MA, that's makes things very interesting

Momentum looking strong here

TAP Flying along today!!

Update on growth plans for USA can't be that far away now.

What's happened to LW?

Still about?

His KAV has pulled back a fair but in the past month

Close to re testing 52-wk low @ 0.60

Both listed on AQUIS.

Both flying today as traders looking for BTC related trades.

Out of all fhe multi-channel retail stocks that it has covered

Canaccord’s preferred mid-cap pick is Card Factory (CARD).

Rated ‘buy’ with a 185p price target, which it said offers a multi-channel growth opportunity in the UK and internationally as the business focuses on the large non-card, gifting and celebration market.

'Food chain

@Dai

That court ruling (if upheld) COULD potentially open the floodgates to mis selling of insurance premiums alongside the motor finance.

Close have exposure here also where a percentage of their loan book.

It's getting a little silly now imo.

Rachel Reeves is due to make a speech to the city tomorrow evening

Too many cooks involved with setting our 'the rule'

There is

The FCA

The Financial Ombudsman

The supreme court

Not sure how you can have a regulator who sets 'the rules' for the Financial firms to operate by.

Only then to have 'the rules' challenged in court years later based on widely accepted practices at that time

Don't know what the outcome will be.

But I think they want the power to ultimately rest with the regulator and ombudsman.

Let's see how it plays out.

This supreme court ruling has created a mess and opened a can of worms with far and wide implications based on the assumption that the general public would never have agreed to take out the finance or fund their insurance over monthly payments has they know the provider was making a commission which is clearly BS.

I've never ever heard anyone claim not to have proceeds with a car purchase or insurance purchase because someone in the food might be making a commission that they don't fully understand.

By all metrics price is presently well below fair value.

Why?

It's not that unusual to see the price temporarily overshoot to the downside.

In the same way it's not uncommon to see shares overshoot the the upside

Both scenarios are often followed by a sharp correction.

With news due on strategic growth

Card trades at a significant discount to sector peers

P/E of 6.9 vs sector average of 17 and 'moon' for comparison P/E of 25.44.

Due a sharp correction to the upside, timing the floor is never an easy task.

I tend to scale into positions. Might not catch the bottom, but doesn't matter if pound cost averaging into your position.

Most recent broker rating at between 154-185p

Good to see Tr1 holders increasing.

Happy to let this one play out whilst nibbling away at the discounts on offer

GLA.

190 hit today...

Still watching from sidelines.

I wonder If Tro can call the floor on this one?

Zoom right out.. all the way... look at that chart

'Industrial demand is forecast to rise by 7% in 2024, surpassing 700 million ounces for the first time ever. “In keeping with the last two years, the growth in 2024 has been underpinned by gains from green economy applications, particularly in the photovoltaic (PV) sector,” they noted. “Higher demand is also expected from the automotive sector, as silver benefits from greater vehicle sophistication, the rising electrification of powertrains and ongoing investments in infrastructure, such as charging stations. While a challenging macro backdrop has weighed on sales of consumer electronics, the rapid adoption of AI technologies has resulted in a growing need for technological upgrades, replacements and new infrastructure investment, all of which have assisted silver demand.”

https://www.kitco.com/news/article/2024-11-12/industrial-demand-silver-set-new-record-high-2024-market-sees-fourth

RNS

> The Wellcome Trust Limited increases stake to 4.077%

@LWHL

I haven't posted over on the LSE newmont bb for a long time as very little contributors over there.

https://www.lse.co.uk/ShareChat.html?ShareTicker=0R28&share=Newmont-Mining

All the chat is over on Stocktwits

https://stocktwits.com/symbol/NEM

Then again, maybe I was better posting to myself: as the chat stateside is crazy -)

Good luck with that trade as scaling in on those dips below $40 on the chart has generally paid off even if for a S/T trade as those low $30's were well overcooked back in Feb and paid of handsomely for those hoovering those dips.

Brief Highlights:

> Trading at 72.2% below our estimate of its fair value

> Earnings are forecast to grow 15.6% per year

> Trading at good value compared to peers and industry

> Analysts in good agreement that stock price will rise by 100.7%

Https://youtu.be/jx5NL2cT03k?feature=shared

Video dated 15th Oct......

Watch from 4m 20sec..

"A strong chance for a delay" (smirks)

I thought the video ahead of this where BA basically said the would be more delays whilst smiling was really weird imo.

I mentioned this ahead of the drop.

At what point were they made aware of this extra 15m payment request?