Member Info for RichTheNewbie

I think the punter level gold sell off has already happened (ETF outflows) and it’s the bigger players who’ve been hoovering it up (central banks). So I’d disagree, and whilst not trying to pick the absolute bottom, I’d now rather be in than out, hence buying ;)
( https://oilprice.com/Energy/Energy-General/Central-Banks-Are-Buying-Gold-At-The-Fastest-Pace-In-55-Years.amp.html )

take=taken
(typos annoy me… somewhat ironically considering how often I make them)

Always best to buy whilst the masses fret…so I’ve take some more.
Personally I think gold has near enough bottomed out and as the central banks will have to ease off on future rate rises because they’re killing economies that will stop pushing the dollar up and gold will head north.

https://www.zerohedge.com/markets/gold-best-place-be-sp-worst-fed-hikes

Oh, and of course, what kind of price the major shareholders would consider taking (being the other key thing that none of us plebs actually know - and can only speculate on).

One Chinese party dropping out doesn’t mean anything good and it doesn’t mean anything bad.

Chinese company 1 is China, Chinese company 2 is China, and China wasn’t going to bid against China.

It’s simply about what China is prepared to pay and that’s about it.

None of us know this yet (bar perhaps them, or those involved in discussions - to a looser degree).

I just noticed. At the bottom of the RNS, and recent RNSs since the first mention of an offer, Shanta have listed an additional financial advisor - an Australian specialist in natural resource takeovers/divestments (and plenty of Gold ones).
Not sure you’d bother with that if it was all just fluff.
Really cheeky thing would be release this news…then later on release news of a bid from Shandong ;)

Whatever happens you can speculate it either way. No bids were likely etc or the bidding is reaching a conclusion as one drops out. Let’s face it…China was hardly going to bid against itself! So would always just be one of them!

Yeah, whilst Bolsonaro’s supporters might be throwing strop, the man himself hasn’t done a Trump, and has now authorised his chief of staff to begin the transition process. Think he’s aware of the risks of not doing so and being sensible. All being well things should start to calm down.

It’s best not to engage with the clowns. You’ve now got two of them spamming gibberish essays.

Even a fool, when he holds his peace, is counted wise.
Sadly contrarian is going for the opposite approach and clearly doesn't even understand options.

To be expected every time a leader changes.
Had that in Tanzania recently, and the same sort of noises made, but what actually happened was the new leader Hassan has been good for mining companies.
You’ve always got lots of agendas at play in politics (much like this board) ;)

Well I’ve just bought a nice chunk more at bargain prices whilst the village idiot witters on to himself. Much obliged.

Good riddance to fossil fuels based cars.

Regardless of their impact on the environment I have no doubt it’ll do wonders for peoples health, in towns and cities, once people stop the constant breathing in of these fumes that blanket our towns and cities. Personally I’ve got little doubt they’re a significant contributor to allergies, asthma, and whole raft of other things.

Even if they’re no better for the environment it’s better to go electric for our health.

Managed to buy one small batch but IG isn’t playing very nicely on mobile and keeps throwing errors when trying to accept a quote. So may be something of temporary false market.

You’re misunderstanding me Barry.
I have DMA and can participate in the auction.
It was after that finishes which I was talking about, when it doesn’t let you enter orders anymore.
I therefore assume it’s broker to broker only as I say (hence me assuming you’d only get something done by phoning them - but I don’t know as I haven’t tried).
You’re also still misunderstanding the point and saying you “feel” these are “sells”. They ARE sells and they ARE buys.

barry7376: "Chunky after hours sells gone through... 502k, 280k and 100k. Looks like someone (director or fund) is still selling".
You need to remember trades are not a one-way street. You say those are chunky sells. You would also be just as correct to say they're chunky buys (assuming that’s considered chunky :p). Every trade has a buyer and a seller.
They're certainly not big enough to say they're not PI buys/sells with any certainty.
In fact, I very nearly bought some of those 10.05p shares myself, in the auction at the end, which I was watching, but decided against it as I figured I’d likely have pushed up the auction closing price by adding my order in, on top of the existing order for 250k I think it was, so left someone to it. The other largish trades followed that, post close, and appear to be "trade-at-last" deals. So someone happy to pick up shares at the closing auction price. Still not figured how to do this online (phone only to the brokers perhaps?)
Anyway, there's no point any of you arguing whether they're buys or sells, as you're both right...because all trades are always both.
Neither is it worth speculating as to whether these trades at the end are a good or a bad thing. As I could say “someone's just mopped up all the remaining PI sell orders the brokers had left, and now will start to rise fast as they've probably run out”, just as someone could say “it won't because the brokers have lots to offload”. Nobody knows (bar those brokers or those selling - if there are any now).

Two years ago (but yes they might).

If I had to guess, I'd say the BoD and ii's would not start seriously considering anything until it's at the 15/16p mark, or above. It would be easy to see all of them saying that's too low and being swiftly rejected. However I'd never rule out the largest holders just taking a quick payday (on any share). Probably not tho. I reckon any potential bidder would have a better chance around the 16-18p mark (or more obviously). Approaching 20p and above and I think the large holders would be a lot more interested and I suspect a lot, in their minds, would depend on how they see WK panning out in terms of scale and funding (cost of doing so versus rewards from big future profits).

ontarget - apologies and that's a fair point. Much of that was indeed in the original RNS. Having gone back and checked. So I retract a fair chunk of what I said. I say a fair chunk because it's still buried under the typical footer of an RNS, under the enquiries and about section, which typically ends most RNSs, and therefore not surprised I missed it on mobile when quickly cross referencing. My mistake, but I suspect that was rather the point of the way the RNS is laid out (hiding all the bad stuff at the bottom and the summary is basically the same thing without the bad stuff), so that aspect of the criticism still stands.