Member Info for SteveJones999

Great news for markets and sanity v the hopeless woke left- Don is in- not necessarily good for gold for obvious reasons, bit ace for other stocks.

Just a shame we've got a complete tool for a PM, and a dire, anti-growth, supreme state building UK govt :-(

Agree Tony- the whole sector is poor performing considering the rise in precious metal prices and reduction in fuel prices

US data drop today the cause of the gold and subsequent PM drop today

Thanks Cowchain- for confirming that you are indeed a fool.

Ahgrrr gold not hold

Oops I meant to type gold not gold in the below sentence

Nope- just hold action- same with all PMs

But why are you predicting this? what is your rationale?

Why aren't opinions backed up with rationale?

Yes- this is me- i sold my Cey after the takeover was announced and swapped to trading other PMs

Yes I do, and on their website it says 23oct so tomorrow.

Thanks- the dye is. is cast.

GLA

Don’t normally hold close of play before results- but may this time- anyone got any views on tomorrows results?

Missed out on my day trading today as I don't know when the deal will go through.

Annoying, but heyho been great trading this, and do well on other goldie which doesn't hold this risk, although has their own risks lol.

I also don't know enough about Anglo- although having said this they must be very shrewd at buying CEY without any premium for the buy.

GLA.

I meant "of course CEY will rise on these RESULTS"

No one know anything- of course CEY will rise on these rise, as the deal is effectively done. So Anglo rises as CEY part of Anglo.

The point most people are making is listed in my post earlier in the day- effectively Anglo are getting a great deal and did at the start when they agreed the deal, as all other PMs have risen similar amounts, so effectively they get CEY without any buying premium which is normally expected.

Like most here, am disappointed at the sale but pleased with the initial jump and to get out and trade elsewhere, to maximise returns on gold price rise.

The UK Listed ones- facts since the announcement (values are approx):

CEY +35%

FRES + 33%

HOCHS +40%

EDV +16% (they had that bad news which will know about which kicked them back a bit)

So, looks like the SP is likely to have been where it is now, roughly, without any sale news, just the method getting there being more linear.

Conclusion is that if all the issues are resolved, and for sure looks like they are- Anglo got a bargain price with pretty much zero buyer uplift...

That’s what everyone is guessing long and zero chance of getting it right!

To add - taking over another company costs time and money and this amount i’ve not yet seen, integration costs, staff replacement/integration and so on- hence the risk premium.

I expect the results to be very good.

Therefore the sp should rise as Anglo will rise. Anglo would obviously have not just bid on the next results but of course long term viability and so on. However, as with most takeovers, buying in for this is a gamble, but if you are happy owning Anglo then should be good- for me, I’m less so- so worried about exactly when the actual button is pressed- no one knows this bar the ones on the inside.

there is also the highly event that this falls through which will drop the sp, dependant on the reason of course.

the likes of another bid coming in is remote- this us usually happens at the start of the process- all that has has been publicised is one bidder and sold to this bidder- for another to bid this takes a lot, a lot of time and effort, due diligence and so on from both sides and doesn’t normally happen out of the blue so to speak.