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Am i reading the RNS today correctly? The aussie pension company has disposed of .7% of the company (its holding going from 3.6% to 2.9% over the last few weeks? that would explain why the price has been sliding. Hopefully (assuming those shares have found a new home) the price can start going back up if the supply has been cut.

Cevodniya, 105 Airbus planes, A320 and A321 generally means about 210 Engines to be built and maintained for the next 20 years. Generally Airbus planes come with Rolls Royce engines. its vey positive. it guarented revenue assuming there isnt another covid

Hi Roguemale1 . The information came up on tipranks as 3 % , which is also why i then started looking. This morning Tipranks also shows no shorts.

I was investigating quickly last night off my phone and my apologies i see that by clicking through the historical shorts it gives a link to the current shorts of the entity that was shorting in the past. and i thought the 8th Jan was the change date on Costain - hence the question.

My mistake though - thanks

As a relatively new investor to Costain, Can some one help me re historic short positions following research over November and December, todays news is great and the shareprice response fantastic. However as i was looking around the market data pages i found that 3% of the company is shorted on what appear to be recentish positions. I normally check short positions before i invest, but confess i didnt on this case as i couldn't see why you would short a company that in essence is trading at its cash position, has there always been a lot of shorting ? Do people think todays rise could be the short sellers trying to exit their positions before the March financial results? in which case if 3 % of the stock is about to be bought the price is going to climb very quickly. i would expect

Sorry for the record i know noting about TTs business model at all. So don't know at all what they would be prepared to stretch to.

Clearly the market expects there to be a response and by the looks of it an increase of about 6%. Its true it was always going for a steal, but personally a 130% increase in a year, (from my trade history my first purchase was 18 / 12 / 20 , the subsequent one in Jan was better!) the risk of loosing the 34p per share premium the market is currently putting on this
hare is quite considerable. Unless someone happens to now TT's business model a lot better than i do, now could be a good time to get out. From recollection though they only have about 2 weeks to make the offer don't they?

I agree, the problem is the offer needs to either be withdrawn (very unlikely as i don't see any benefit in withdrawing the offer all that will happen is the price) or Turned down and currently we are a long way from that happening. First there is a court case to decide who has what voting rights, then we must have ( i assume an EGM) and people vote. That process at best won't be complete until the end of Jan. and in the meantime the price of copper rises. The money i moved from Kaz last week into ANTO is already 3% better off for being moved.

Well the market seems to have given its verdict on the offer price of 640p. I just hope the offer is either formally with drawn or substantially increased in the relatively short term, because as others are pointing out KAZ is being very stagnent in a rising copper market. AAL, ANTO and Glen are all on the move.

Thanks for your view Shakhtar. Fair comments, i certainly agree, that cooper is going to rise due to Chinese demand, the proximity of the KAZ mines to that market is all good. I hope you are right about the offering being increased, but you also state that there is a campaign to keep the shareprice down, driven by the 40% ownership. I am in the fortunate position of sitting on some healthy Kaz profits, the fact that the SP drifts over the 640 (as it did today) implies that the market feels the offer should be raised. My concern is how much the 40% is going to warp the market in their favour.

What do people think will happen if the take over is rejected? I get the desire for £8, but don't see any math to back it up. The proposal already cost £3bn adding another 25% to the buying price will probably not happen. The concern i have is that if this is voted down what stops the company being run as a fifedom and not reported properly. Is this nothing more than a polite knock on the door form the Mafia boss offering you money for your shop, an if you dont take it he will burn the shop down.

Just a thought, the other thing that used to surpress the share price in the past was when Josef used to dump 5,000,000 shares on the market as he tried to liquidate some cash!

MikeFreedom and ElProfessor, thanks very much for your thoughts, i think the fall has proberly been overdone, as was often the case with Cey in the past. The original life of the mine was over 25 years and there were some extensions to that in the early 2010's. The problem has always been there is only one mine and i see that whilst reserves have been found they are not pushing ahead with production and mining in the other sites. Still i am back in at 114 as i suspect the true value is back around the 130/140 mark.

Sorry for the strange question, but Cey has been off my radar as it finally got to its £2 mark as many had suspected it would eventually. I just looked back in and was amazed to see this price and the graph showing Octobers SP fall. I can see nothing to cause it other than sentiment around Egypt, the Q3 production numbers are not a disaster although i see the cost per ounce to produce has risen from $850 to $1000 and expected production is below the 500,000 per annum mark.
Has something fundamentally changed in the company or is this just a great entry point?

Many thanks Anon 3- that explains why i can't find it. Good prediction though.

Hi All, I read these chat rooms but very rarely comment. I am knew to MRO since the COVID-19 fun, but do see it as a recovery stock.
There was comment earlier that £1.30 was a critical point for MRO, could someone explain to me why this was a significant point ( i assume it will be something to do with the 200ma or 50ma but can't seem to find it on a graph and when would it be considered to be a strong hold. I appreciate this is only the second breach and it is yet to close above 130.
Thanks

I am not a regular poster but I am a regulate reader. I have seen many predictions on share rises post their rise. However it is very rare that someone nails a share price with such accuracy as Tucson did today in advance and publishes it. Many congratulations. I look forward to your future predictions.

I hope you are right. But all the good news in the past has only brought misery and a fall in share price. I suggest that in text book scenario what you suggest should happen. However in text book scenario when you get the rights to mine land and extract the resources the value of the company rises not halves. Sadly I suggest resource upgrades will probably drop the share price for some obscure reason none on this website can for tell.

A very inetresting read last night, TL - some great points and the math and situation can not be argued against. It is the reason I have not cut my losses some time ago. However I agree with SNG, something appears dreadfully wrong with this share. It falls when permits are granted, the news flow is quicker through Spanish Websites and somebody seems to be constantly selling their holding. It could just be that previous management built the company up too much and failed to deliver on too mahy occasions and that the market will n ot now go near the company. It could also be the nature of investing today - no one seem to do it, it all seems to be about short term trades whichc does not help Emed. I am certainly going to wait for the production announcement (which I expect 2ns week in september (ie after the holidays for maximum impact) but the copper prioce ain't helping at all.

The market believes the value is 4.75p per share as they sold £60M odd at that price. Apparently is was oversubscribed. However those that missed out on the opportunity to investat 4.75 now get the open market opportunity to invest at 4.50! - yet no one seems to be that interested. Liquidity according to some is going to be tight!!, well guess we will never know as no one wants to buy them. The fundamentals do seem to stack up on this mine. But there is something quooky going on. And I am sure over the coming weeks we will have loads of reasons as to why. I just don't understand how any benefits from a reduced share price now, the funding is done.

Great deal for the big 3. Poor deal for everyone else. They have accepted market value for the company, poor. the drilling and resource updates have been ignored and are in essence free to the big 3. The big 3 have ensured no one else can get their hands on enough shares to challenge their monopoly. Anybody care to put a revised target price on this share? But I think we will be lucky to 8p once we are up and running.