Member Info for sonicboomboy

That was another s trade the 500k. I believe a Swap trade. IMO, someone is taking these off someone else hands at agreed prices. There has been several other 500k trades gone through the same as well as the 2.5million trade.

As I said earlier Im expecting DBAY , who hold 27% of ESL to make an offer and they are likely the ones hoovering up all this stock.

I expect also there maybe posters on here who are helping them. I have a name or two in mind. There are certain rules they need to be mindful off in that regard within the take over rules.

Agree lemonade,

big upside on offer here now....8.3 then 8.42 paid, they know whats coming now.

It's the highest price paid by anyone, not just DBAY. Of course an acceptable offer will do the trick.

Some are mine :-)

Still drawn to this.....

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).

….time to show your hand. How much are you offering?

Cats out of the bag IMO now.

Unfortunately Matt you are correct this is well on the back burner for the time being. I expect to hear something late June early July now on diamonds.

BP will hit full production August at best. AP has never revealed what happened to the early production at BP. I wonder why?

As for the JORC well AP has already said there will just be a few holes drilled its not a substantial drill campaign as they obviously haven't got the cash, go back through the podcast to listen to him talk about this.

All in all...the can here is way down the road..and cheaper opportunities will present themselves, going on the chart IMO.

One to note:

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).

*49%

So we have seen some very large trades going through lately with transfer, swap and off market transfer. What does that tell us? Well, whilst there are known sellers due to MCAP ad II's allowed investment there is also someone taking on board all these shares.

Im pretty sure DBAY will be making a bid for the 49% of the publicly listed ESL very soon. They already sit on 27% on ESL, obviously close enough to 30% to strike. They have already paid 30 odd pence per share effectively in acquiring the other 51% of whitegreenstar. ESL here is the other 4% of whitegreenstar.

They may offer 20p per share here, it maybe more, giving them an average over the whole deal of 25p minus interest due on the PIK. The PIK itself being the price of 51% of white greenstar. Not bad for a company trading at over £1 some time ago.

I think they will then make it profitable and sell it on again downtrack. Lets not forget they picked a number of their ESL holding up at 6p from Woodford.

All to play for but I see this as a scenario that may well play out.

Yesterday's 2.5m trade was an s trade too.

...a few 100k tomorrow morning ,way to cheap I remember what happen last time truth factory posted here, it's completely rocketed. Me thinks truth is a little bit connected and knows the rise is coming :-)

Barry,

Yes exactly where its heading, possibly lower. Alot of chunky sells going through. No doubt the usual suspect trading the arris off it. Fair play though as news looks to have dried up, as will the day to day cash.

Agree the 8.6m is a buy.

Loos like this is stretching out into June now for Diamonds. You do have to wonder what the 'real' hold up is here. Something behind the scenes is not as rosey as some have painted it to be or even as I believe we were told it was.

Buy, Sell or hold. That's the question. GLA.

Trades and SP moving up in anticipation. Charts showing a move up coming

https://twitter.com/ukbambammatt/status/1250331627730825223?s=19

Buy or sell I see on my screen it has gone down as an 'S' type trade.

Trying to find what that is but can't find it. I note an SW is a Swap Trade....

….still on track for the PRZ.

https://twitter.com/ukbambammatt/status/1250322858581954560

...as we come into newsflow.

Sounds as if restrictions are relaxed as the economy and people's lives are too severely affected by not working. Let's hope this doesn't lead to the virus having the opportunity further in Zimbabwe.

Seems the more third world a contry is the less it want to confirm to lockdown rules watching the BBC world news today.

I will watch to see how this develops.

I think from Tuesday this will get on buyers radars....could be a strong move with news. Better RTO be in at 2.6p than 5.6p IMO.

DBAY have paid 35p fpr 51% pf Greenwhitestar whicj broadly means Greenwhitestar would be worth 70p and we hold half barring interest payments.

Totally undervalued and an easy hold.