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I knew the offer would be between 150 p to 200p. Very happy MM rejected offer, and happy for a bidding war to commence and keep seeing step changes in the SP.
As things stand, inflation whitholding, 2.8 to 3.2 would be a fair offer. Anything less should and will be rejected
Most of my holdings were got back in the 80s when the SP flatlined, so am well up here and chuffed others managed to smash their averages down to breakeven today. SHs here have been through thick and thin, an onslaught of trolls and shorts alike. Let's hope we can all be handsomely rewarded here.
I personally will not sell a dime as I'm in it for the inflation turnaround....as they say what goes up, must come down. £2+ really isn't silly money for this company, and easily achievable in double time.
Let's hope asos and boohoo do the same in my cyclical portfolio.
And with spiralling household costs, you would think some who usually pays a little more for a dinner out would put their snobbery away and visit a spoons. You can't argue with the cost basis, plus the quality of their offering being pretty darn decent.
Historically, when households are feeling the squeeze companies like this do exceptionally well due to people downgrading, like how aldi/Lidl continue to capture market share. But we are all feeling the squeeze here, not just households but businesses too.
Spoons in the low 700s is a long term bargain!
Poor banthams comments didn't age well. But to be honest, us that have been around long enough have all done the same. The feeling is literally gut wrenching, especially after waiting so long. But then again, there is so much company and potential for so little money, so even a trade which I would usually consider on another stock is just not worth it for me here. Today being case and point, so ye be warned!
The indicative offers are interesting. I can only assume after private equity had a sniff around and threw around some numbers at the end, the company must have made it clear that its not even close to what would be accepted, therefore dissuaded them from putting in a formal offer. The comoany don't have to disclose to us what this offer looked like, although I wouldn't be surprised to see this leaked in the coming weeks.
No one can know for sure the indicative numbers that were thrown around unless they are leaked, but having a guess I would reckon south of 200p, perhaps as low as 150p? Anything below 300p in my opinion wouldn't stand a chance.
Black smoke coming from the square mile today, with an odd brown atmosphere and pungent smell.
So come on, own up. Who sold out yesterday hoping for a cheeky trade?
I think it's safe to say that £1 has been broken, and we do now in fact have lift off
A lot of the contents in the PFS was already expected and the potential size of the deposit is already largely known. Some very nice deposits there, but this was never going to see a big spike on this report. Spikes and 100%+ day rises only happen on completely unexpected events. Most including myself won't understand half on the report, so will need to have a proper read at the weekend maybe.
It's just another landmark stepping stone on the long long path to fully understanding what they have in the ground and taking this to production. Or perhaps an offer in the next few months...who knows.
Unfortunately I sold a bit too early at 34.4 before the run up to 40. Very well done for those who flipped at 40!
Having been here for years, the subsequent dump is no surprise as we have seen it all before. Even more annoying, they actually gave the date of the PFS report release which is exactly why the SP has tanked. The usual buy on rumour, sell on news. As for tomorrow, don't be surprised to see the SP tank further as once the report is released, and the market pretty much know the content already so will be no surprises there, there are no more catalysts to bump the SP unless an offer comes in. We would have at least got a spike if they didn't give the report release date!
And who knows when an offer will happen. Next week? month? a year? Maybe never!
I never actually believed that happydays actually believed what he was writing because it was so outrageous and illogical, and always thought he was just another ramper trying to sucker more in to get out. But now I actually think he did believe what he said, and thats even more scary. He's clearly too embarrassed to show his face around these parts anymore hence the dissapearing act.
Some very lucrative notes there for the beneficiaries. No prizes for guessing who they could be haha. You know payment of these will be prioritised over the shareholders and the company ten times out of ten no matter what. Its mugs like happydays & Co that makes these notes so lucrative for dogs like this.
And to top it all off, you can guarantee an issue of equity to pay down notes when they become due. The perfect perpetual cashpoint. MDZ is a proverbial money tree for some.....
That's the problem. This is not a one off and far from it. Scandal after scandal from those at the top. The culture absolutely stinks.
The most infuriating thing is that barclays as a company has so much potential. The decks need to be completely cleared at the top to realise this however.
Funny how Mozaria stepped down in feburary. Probably knew this would surface. If barclays pay him any bonuses, they face a shareholder revolt because we have had enough.
The loss is just estimated, personally I believe it could be much more.
Dave certainly has got the knack for sweeping things under the rug. The only problem is, the only thing being swept around is dust. Must keep the wife at home happy though.
If all else fails, duster dave would make an awesome dustman. How about it dustman dave?Uncanny how good he is at finding dust and cleaning out dust...bagholders wallets. I think many here would vouch for him and give him a good reference.
Couldn't agree more. Another balls up with a cherry on top, yet again costing us long suffering shareholders just when things were finally looking up.
I want to see a bloody axe and heads served up on platters for this, and a full explanation of how the fcuk this has happened.
Still waiting for an update from happydays....if happydays has gone, then its over for MDZ lol
This needs to be around 0.4 before buying comes back for the 9th series of who wants to be a bagholder.
Will have to extend my memorial wall for the next series. Lots of fallen souls this time round.
88e must be thinking "if only there was a world shortage of dust"
Bailed the other day after hours at 34.4 for a relatively large amount. SP seems to have stalled around here for now, but still showing resillience off 33.5 so may continue on up.
It's the only way us LTH can make anything off solgold whilst we wait. Any opportunity to trade this I will usually take.
If it does go boom, still have enough remaining to make waiting years worth it.