RE: Morning Candle19 Aug 2021 12:29
Interesting. Tks Lb.
Do you think one entity or individual could be responsible for this huge lump of shares? eg an ii or major holder such as Queeld? I can only assume that it's because someone wants to accumulate slowly under cover and is pretty confident (or actually in-the-know) any deal is still some way down the track.
One other and slightly less palatable theory is that someone like Potanin has contacts somewhere in the financial world that are hidden from view and is determined to hold the sp at low levels any way possible using this huge number of shares, whilst attempting to persuade DS to accept a relatively low bid from NN. Fanciful and probably rubbish but given the size of the areas we're talking about - esp now including the JV ones with Rosgeo - the amount of PGMs in the ground is likely to be vast and as such it must be of interest to NN/Potanin that they get their hands on it rather than anyone else.
If the Japanese Consortium were the main player then I'm not sure they would be bothered to go to such extremes to manipulate the sp. They surely would have just decided what they were willing to offer if resources were updated to JORC and stick with that? As I say, I'm sure my mind is just mushy on all of this. Way out of my depth but am nervous/excited by the potential but equally bored/frustrated with the length of time it's taking to finalise.
Seeing as GMF78 has the tweeting ear of DS I'd love to see him put out something more specific and see if DS re-tweets it...camouflaged of course, you know, along the lines of this Japanese supermarket is going to buy a Russian supermarket - or most of it - for at least £3b and it's likely to be announced in Sept.... Go on GMF78, please??