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Getting a bit twitchy. Would expect to see an extension request by end of day tomorrow, otherwise there will be information for sure Monday and most likely some action on the w/e.
What are people's thoughts on the value of Solgold as a company if bought out - with all its other tenements in various states vs value of Cascabel if hived off? My view is that they'll say that they're going to production, but really they're looking to sell the whole company with an increased price to include the other tenements which have a value (albeit not proven up yet).
Thanks Hedge, I guess time will tell.
@Bighand - I wasn't suggesting the value of Damian's investment was significant, I was suggesting that him remaining in, or selling up would be indicative/significant. I respect what he's done in previous ventures, he's not a chancer and he knows this industry well. He obviously has a view, which is worth watching and seeing how it plays out IMO.
Agreed, this resource is so significant, it's never going to be allowed to fail. The value is already there. Now it's just how it plays out.
Anyone can have my shares, but they'll need to pay me at least 75p each for them :)
Bit of price action so far today, dropped down to 4H 20MA then reacted violently back up to 810 currently. MACD will break zero line today most likely, daily MACD showing uptrend and weekly at the end of it's downturn. This looks like reversal here.
By c.820 price will be challenging the long term downtrend. Fingers crossed here.
Agree with Stupmy, daily trend is down and has been since its close encounter with the weekly 200MA at 586 (EZY got to 582) on 2nd Feb.
Follow the MACD trend then look for support points: On the daily we have prior highs around 518, which also ties into the previous long term prior highs of Jan-Jun 2023. On the daily we also have support from the 100MA creeping up, and the weekly 20MA. I wouldn't be surprised if price hits all of these points and then reverses upwards c. end March/start April.
If you're into multiple timeframe analysis, then the MACD on the weekly is coming to an end, so this price could continue down until it's then supported by the weekly 50 or 100MA and this would coincide with the interim results around May, which could well be the catalyst for the next leg up.
All IMO and subject to change at any point with significant news. I look forward to my mate Cevodunny's response which will include at least the following: "chicken bones", "tea leaves", "Do I expect to be taken seriously" and almost certainly something about disrespect for "Warren Buffet".
GLA
"Hanson is still in with 1.5% - why wouldn't he be, nothing has changed since he invested from an adverse perspective."
Agreed in principle Hedge, but the major change, of course, is that his 'investment' of £147k is now down by c. 30% and valued at £102.5k.
My point being, that if he's still in, then that gives confidence. I wouldn't be surprised if he (or another 1%+ holder) will now make an offer, because the share price is depressed and the trailing high prices are c.25p. Otherwise why on earth would he stomach a c. 30% loss? Someone's been block selling chunks of 100k shares today, I count 7 so far..
Does anyone know if the market has to be notified if a 1% holder has sold?
JD.com Full results posted on March 6th. EPS missed expectations, but a better than expected revenue rise. Also interesting of the prediction of a Beijing-led consumer recovery. Suggests why they might want Currys if their earnings are lower but the foresee a consumer recovery. They want a larger piece of it and Currys will help them achieve it:
https://finance.yahoo.com/news/jd-com-full-2023-earnings-130039247.html
and
https://finance.yahoo.com/news/jd-com-approves-3-billion-105709827.html
Certainly their share price has been steaming up so far in March and hopefully this will give them the incentive to make their offer.
Yeah I bet Elliot didn't like having to go first. Wouldn't be surprised if his words "following multiple attempts to engage with Currys' Board, all of which were rejected, it is not in an informed position to make an improved offer for Currys on the basis of the public information available to it" were an excuse to pull out so that JD has to bid next, and then Elliot can see where next to position his third offer. Lazy or just plain shrewd, forcing JD's hand.
I hope from SmElliott's withdrawal, JD took the hint that they had better enter with a sensible price, or they'll get f*cked off in the same way.
I'm guessing 86/87p as their starting price.
B*ll*x, I got my dates wrong, thanks Rock8 for correcting me.
Ok that makes life a bit easier. Dunno where I had that date from. In that case, would still hope for extension RNS by Friday 15th, or news over the w/e. Still presents a challenge if there's news on the w/e and by Mon am it's too late to react. Still hoping for something prior to the w/e.
Yeah it's tricky now.
Either Currys get an extension request RNS that must be delivered before e.o.d Friday 15th to give JD more time to prepare their offer, or if nothing heard by then, it's a lottery as to whether JD will make an offer by Saturday 16th 5pm and we wake up on Monday to whatever that price is, or the offer window expires and JD forfeit, and shareholders wake up to a SP back at 48p on Monday 18th - as the institutions will pull out such volume that's been invested in here over the last 4 weeks.
Hating the fact that the deadline is a Saturday, we either have to bail out Friday pm, or hope for the best. I can see why a number of institutions like Barclays are equal long and short on this.
Fingers crossed for something prior to Saturday. GLA