Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"Why did he not buy in at £3 or £4." because when the shares were that price he knew he would have to pay a premium (£6+ plus) if he wanted to buy Metro which he probably didn't want to do. At today's SP he knows he'll probably get away with £3-£4 if he wants to buy the bank which he probably does in fact see as a good price on risk / reward basis. Additionally BoD now weak with VH and Craig gone so he may sense an opportunity.
In terms of short reduction Odey reducing was the big one for me (not as bothered about the others), as he previously stated he didn't think Metro was a viable business. For someone as ruthless as Odey to then reduce his short significantly means something is afoot.
From Oct bond issue: "Metro Bank appreciates the strong support shown by investors in today's transaction, resulting in an order book in excess of £550 million from 60 accounts and allowing the issuance to be upsized from the original size of £300 million."
Upsizing by £50 million but only enough to fill the whole - clearly
Its not the trading methodology that annoys people. Fair play to a profit etc. Its the fact that some talk up / down depending on the particular hour of the day to suit their position. Unscrupulous, deceitful, pathetic, I could go on. At least cud is consistent with his view lol
If you want pathetic, try illbetacent, ramping/deramaping the company daily to suit his position long/out, but wants to get in cheaper. Would sell his own mother for an extra few quid.