Member Info for Retour_du_Renard

We know this stock is manipulated but no one is laughing now.

The buy/sell level just doesn't justify the drop at all, so it's clear it's being messed around with.

As usual tumbleweed from the BoD.

You would have least though they would get one of their key shareholders to bolster the price with a large buy.

Probably dead in 10 years - Far better options now than this.

The reality is, the data is starting to show that due to their economy being so connected with the global economy. We are not in the 1950/60s anymore.

These US companies need their cheap components and commodities from abroad.

It could start really hitting the rustbelt/red states quite soon.

I remember the analyst call they had 3 months ago when the management were being grilled. You could sense that the sentiment in the room around the subject of the potential purchase of this mine/license was generally negative amongst the analyst with the aim being more 'why don't you pay down debts' and 'increase risked' being expressed.

I think the management have shown complete arrogance and a disregard for the investors. They would be better off now, just abandoning the deal and concentrating on getting the best out of their current operations, especially with such a uncertain global outlook.

Either that, or they are just buttering their ass and waiting for RIO to come along.

Rastuss - It doesn't help that the management have hardly gone out of their way to explain detail of the deal to normal investors.

The only saving grace at the moment is that there have been few (or zero) large position reductions. Trading has been relatively light in recent weeks.

In order to look like 'the man' before the mid term elections in November, Trump has pushed way too many economic buttons too fast and has de-stablised the global economy.

Appreciate the markets are crap but two heavy red days before results a couple weeks after a 30% drop doesn't bode well does it?

Chesh - I've looked at this and think that the final outcome may well be 75/25 in Oilex's favour. In short, GSPC pay the amount owed with their percentage of their share.

Seems the most amicable. I'd be surprised if GSPC give it up completely but as long as Oilex land the controlling share then they should be OK.

Any thought on the way the 'binary' will play out?

Also, any further thoughts, that if the case is won, where the price will likely go.

Rastuss - So fair points. But to go back to Bluey's initial question. The involvement of Abramovich in the deal cannot be underestimated.

Keep in mind they have now shares in KAZ at a considerably higher level than the SP currently is. I am expecting a lot of flux (and and down) within the next couple of months. I'd say the more involvement said Chelsea has then the better the SP will probably get. It certainly hasn't hurt EVRAZ.

Personally, another week without an RNS or at least some peppy media then I think people will start walking away.

People would rather look elsewhere than stagger around the desert without a compass.

mmmmm

Picket - Not sure why the SP should 'tank' if the strike doesn't go ahead. The strike has not been priced into copper at all and is a bit of a head scratcher to be honest.

If they have offered only 2% on a 5% union demand, it looks like the strike will go ahead.

Citi can't be seen to be holding the price back as there would be carnage, so I would suspect they are just being opportunistic as the price could jump rapidly over the coming days.

It's 2 less than a code 19. A primary number and probably a also throwaway / overrun.

Take it you weren't around last week. It ran this range for around 4 days.

Tuesday is normally an up day so hopefully it might push further.

Well I have recently taken a position. So I have.

Odd little things like this might have some influence also

https://www.bloomberg.com/news/articles/2018-08-12/russia-s-richest-lose-3-1-billion-as-tax-proposal-hits-shares

Wilt - Totally appreciate the macro drivers but I was looking more at the short term behavioural.

There is clearly too much mud in the water still for people to see through this Russian purchase and without some clarifications to analysts this suppression will probably persist for quite a while.

With only days left, I would have expected investors to be rushing into KAZ to take advantage of either the pre-results uplift or the effect of the anticipated 'good results'

I find it more than a little worrying that KAZ is languishing at this level, especially after a 30% drop.

Little worried about Thursday now to be honest.

I think they have had more than enough time to generate good news and like many on here I'm expecting some news soon.

A re-rate will not come off the back of one RNS (unless it's sensational) but a campaign or steady flow of news i.e one swallow doesn't make it spring.