Member Info for redwineday

Looks like the large orange baby has torpedoed further interest rate cuts. I can see BBOX dropping back sub 150 or lower. Yield needs to rise vs gilt yields rising, If the yield gets to 6% I'm back in.

So we end the week despite all of the tree shaking back at where we started. Seems to me every retail sell is being mopped up by instil's, whoever they are. Its a big positive and I think the same buyers are not going to let he price drop below 40p.

The other interesting thing despite all of the shares changing hands we have seen no TR1's. So the buying is being spread around keeping below the 3% disclosure level. One wonders if the buyers are in concert or possibly even proxies of Navitas. Pure speculation on my part of course.

JAT, yes, all I'm saying is they cant spring it on the ,market. It has to be telegraphed by a circular in advance.

I think you are reading too much into it. Special resolutions have to be published in advance in a circular. It's not impossible that would happen but very unlikely I think. Something like significant corporate action would require an EGM.

Sorry, I meant Eco AGM on March 27

AGM RNS was already published on Jan 20. IF EGM was to be called it would require another.

That post says Navitas can spend up to 5% of its capital, not 5% of something its acquiring.

Think the obligation is to report by 3rd working day, so should have been today at the latest.

Surprised to see no TR1 notification. That 26m block went to someone and should have triggered one even if a new holder. Odd...

Yesterday was a MM tree shake. Looking at the drop at lunchtime on no volume then price picked up in the afternoon as they resold what they had stolen in the quiet period. Craft b*****s . UT at higher than the closing offer. All typical. We need to accept that it will bounce around until the next news drops, whatever that is.

NIge,

The other way to look at it is someone wanted those 26m shares and a massive overhang has gone.

Got to be Patient Capital. They must be out now. The big questions is has that entire Friday volume, 26m shares gone to one buyer and if so, who is it?

And when it does re-rate it will make any JHI deal less dilutive.

Wallact, If my understanding of JHI share register is right, (Chevron via the hess takeover , PE, locked in retail etc) any deal would require multiple shareholder approvals as they would 90% acceptance for a deal to be effected, so if they are thinking of doing this then it will take time.

Also i stand corrected WTE have 1.5m shares in Eco as er their last presentation

WTE has 1.2m shares in Eco, pennies in the scheme of things, there are probably some on this board who have more! If however Gil is right and its a 10 bagger from here...

I think what's interesting abut this farm in is there appears to be no upfront cash payment from Navitas to JHI as part of the farm in. Wonder why not. JHI must be running on fumes.

Give it time...

Support, not super!

Yes, I think WTE is very exposed even at their current market cap. They may decide to swap their shares in JHI for eco paper. The get upside exposure to other eco assets. I don't suppose the deal would super the current WTE share price but on the other they keep the potential upside otherwise they sell out completely and take a hit.

The Canje licence expires on March 4th. Assuming there is no last minute deal then, if I am not wrong, it will leave JHI with only PL001 as an asset. Got to be good for Gil's negotiating position.