focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I think he means that the target is presumably known to them.
I'd prefer "separate interests" to "separate factions" though. Interests are aligned, and we mustn't imply conflict unless we know of such.
Think the counter must be an LSE site glitch. Nothing on the company or stock exchange websites
Helpful summary. Where does Sergio fit do you think?
JHolder - your wait is over.
I see 5 positives here.
1. If you don't keep moving forward you fall off a bike. The company is moving forward. You don't hire two new board members if your corporate plan is no more than take the revenue from the remaining liftings of the currently developed Aje field and then close.
2. Stefan is gone.
3. Zark have their man on the board, as promised. Their cash injection is going according to plan in a way that HH's never was.
4. Francis has excellent credentials and more to the point has relevant experience.
5. OO's latest interview indicated that board appointment news should be soon, so what we knew from that is on track so far. Which boosts confidence for the remainder of what he said.
https://ukinvestormagazine.co.uk/evr-holdings-launch-5g-partnership/
Former 46p resistance became support, and held (it was a resistance level looking at daily closes, so not counting intra-day dips below). Next Fib retracement target is 52.7p, then 58.2p.
The quality of the VOIP line is poor, so he's hard to hear. Not a lot of new information in the interview, but she probes the right questions
- A bit more about Zark
- Osa would love to hold himself but regulatory restrictions prevent that. (What does that imply)
- Board appointments process nearly complete so should announce soon
And then, lots of repeats of things we had from the Proactive video interview
Chris, so I think they are deliberately maintaining a holding of 19% give or take, and their MM trading means they cross the odd threshold and have to declare it. (MMs only have to declare crossing percentage points if they hold over 10%, which is why you don't see this often).
I've seen it with other stocks too with Peel Hunt, so they do invest as well as make markets.
Your question is why, and I don't know. There are two broad possibilities. They could be acting for someone else, accumulating by way of brokering a future deal, or simply holding the shares so that an interested party gets shareholder votes at key points but doesn't have to identify themselves by holding themselves. Or it could be that they simply hold them as an investment for their own interests. Their website obviously gives their own spin on things, but the way they describe themselves is nevertheless interesting and would allow for either of these broad reasons. "Our partnership structure best aligns our interests with those of our clients and stakeholders. We only engage with clients as a house – corporate, sales and research must all agree. This leads to long-term successful client relationships. We call this approach joined-up broking."
I don't know what their reason is, but I'm convinced (a) it's deliberate, and (b) it's medium to long term. As you say, if they'd wanted to trade out of what they took from sheikh, they'd have managed to shake a few percentage points by now if not the lot. It's what they do for a living, and presumably they're good at it.
That's why I said acquisition too. The plan seems to be that we get external funding in when we have particular asset to buy (or to buy a share of), so that the market cap increases not because of dilution but because the company is expanding. That's a very different model from some Dubai sheikh dumping a load of capital on the company, and then either hoping the Board use it well or trying to direct how it's used from a deliberately maintained distance.
We don't want any more dodgy sheikhs, or share price spikes that invite traders to swoop in and out. We want gentle, organic growth through acquisition and development, and that seems to be what the company is planning.
Hmm. 50p crossed
Ah, yes, I saw those ones. He said "in the last hour" at 10.51 today, so I was looking in the wrong place.
Can't see those trades, London. Sounds good though. What time did they go through?
Good to see the bid above 46p
https://invst.ly/k50sw
https://invst.ly/kff-c
https://invst.ly/kfgs9
https://invst.ly/kfieu
Yes, but note they only sold 1/2 a million. The rest of the percentage was because shares in issue have gone up. They continue to act as a market maker with a longer term holding over 10% that means we find out about the small ins and outs.
Patch - I keep seeing a message that "This message has been filtered, please adjust your filters to view". I have very few people on filter, so I can guess who's likely posting; you may wish to use the same fantastic BB feature.
But I'm a LTH here who is badly down from the Sheikh era but who has decided not to sell ever since PH's second holdings RNS came through. So much of the news from the company is now positive, and in particular the two new large holders we have. So, yes, agree: Peel Hunt's holding is a very positive thing
There was. It has. No idea.
Fixed in the original thread.
Yes, the reduction in costs, the consequent change in break-even target to one that's readily within reach, and the speed at which he's got geologists on the ground developing the JORC
Thanks for pointing that out, Savvy - my mistake. Here's the correct [3/3]
Q: And the rare earths market, that's really hotting up at the moment?
A: Yes, it's been in the news a lot lately between the Chinese and the Americans. It's been used as a weapon by the Chinese in the trade war, and it's very strategic in a number of industries we all know about: electric cars, wind turbines, drones; it's very, very strategic in sophisticated American defence systems, and every cell phone and every laptop has rare earths in it.
Q: As far as the most recent set of accounts, year 2, June, "tough" I believe it's been described. How would you like to sum up this current year that we're in now, going forward?
A: Going forward it's a phase of redeveloping the strategy, targeting a much bigger resource, a much bigger production target, and at the same time continuing to trial-mine the area, because the mining that we have been doing is proving what we know about this resource. The product is very benign; in other words it's got no uranium and no thorium to speak of; in other words, the radioactivity levels are very, very low. That's been proven by the fact that we're shipping it to China. The Chinese won't allow any radioactive materials into their country, and the fact that we can ship it on the open seas is also an indication of the material. We're continuing to prove the ease of mining and also the ease of processing this material. All of this will continue in conjunction with me developing a far bigger JORC resource, on which we can then plan our production targets more accurately, and we can then look at the next phase which is some kind of beneficiation to take us up the value curve steeply, which we will do once we do that.
Q: So you feel that this project has some real potential?
A: Undoubtedly so. I've invested heavily in it myself, and I wouldn't have done that if I didn’t' think it had the potential.
Q: George, nice to meet you. Thanks very much.
A: Pleasure. Thank you.