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Calm before the storm, just giving the chart a breather.
Yep! I expected it, but very pleased to see. It ie a total no brainer. If you could make a wish list of things in w company at present, this one ticks all the boxes. Throw in the very astute CEO of a £30bn AUM hedge fund is personally backing it to the tune of £7-8m, just need to buy and enjoy the ride…
I haven’t really looked in here since the concordia debacle/disaster/downright misrepresentation from bird’s perspective, but this news has caught my eye. One thing that sticks out immediately is him saying this is a exploration, nor even brownfield, more development. Then says looking start on a PFS hopefully finished by august 2023 - can anyone tally that for me?
The guy who knows the most of any insti investors here is maxey (albeit he is putting his money in PA). He is not dumb. The BCN deal was structured to cut gangfeng out of the asset here. Will be interesting to see if it’s them that are adding. I would much prefer someone like M&G, who just out £10m into PRE, they are clearly looking for these types of assets, they have a lot of ESG money to put to work.
The px action atm is pretty much noise. What is really encouraging is the volume and the size of some tickets going through. It’s clearly in play and much higher profile than it has previously been - which is great as the story pretty much sells itself.
This PRE and KDNC will be the stocks of 2022 and beyond.
Agree re: TR1 though, some chunky trades going through as expected. Another 2.5m gone through in 750k and 500k blocks late reported. As i said would happen about a month ago, it looks like institutions taking the increased liquidity to hoover up blocks. I expect G&P are doing the selling.
The retail placing gave punters 3 hours after the bell to work out how to place an order. It was a deliberately short window to make it look like they were giving retail a fair crack whilst diluting maxey as little as possible. To look at it as undersibscribed is somewhat missing the point. I’m amazed they got £1.8m done in that short a tome frame.
Resistance here is 120p, break that (which it not doubt will fairly quickly and it’s off to 140/150p
Fair play, each to their own analysis. Not going to labour you on how to do yours; as your response suggests you aren’t the latter of my earlier suggestions, but run the proportion of hike in input costs from natgas hikes to the hike of end product prices and you should be less concerned. I certainly am. Also think the whole natgas/nordstream spike is temporary. The prices already have and will continue to revert to more normal levels.