The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Yep
If when the BCN thing happens, i think anybblocks for sale will get taken by institutions. Gangfeng have already said they will take retail investors shares - the deal was structured to cut gangfeng out of a strategically important german asset, they want to get them back. I think the wall of shares hitting the market argument is specious.
Today was a decent day considering. The time constraint of the primary bid deal was purely to say that they offered to retail, but ultimately to make sure maxey wasn’t overly diluted. A bit annoying, but if i was underwriting a deal for up to £4m and was already a major shareholder i’d want similar. The fact that he is adding rather than selling after multibagging, makes me very comfortable indeed here. He is a super astute investor, not some gambling chancer.
After the initial shock this will turn out to be very good news. When the overhang is cleared this will head north pretty rapidly. >9m cleared today, that doesn’t leave much. Interestingly it seems to have brought a very much needed new audience - 60% of the primary bid buyers were new holders.
This was a raising to develop the assets, not keep the lights on, onwards and upwards.
It’s not under-subscribed, actually amazing they got £1.8m done in such a short time frame. Maxey called thr shots here. If he was going to underwrite it, he wanted sufficient discount, also he didn’t want too much dilution, hence the small window on primary bid. Maxey got involved here when the share price was low single digits. Rather than cash in his multi-bagger, he is adding substantially. Think about that.
This is very positive for the sp longer term. They aren’t raising to keep the lights on. With placings like these, after the initial pullback share prices rise substantially. The company is maturing. Happened with GGP, solg et al as they re rated. It will happen here, multibags to be had. Buy this bargain basement dip while you can.
The fact that henry maxey prepared to stump up a further £4m and they structured the primary bid such that henry maxey will be taking the lion’s share of the placing whilst making it look like retail were given the opportunity actually makes me more comfortable. Henry maxey wants more shares. He’ll support it against any flippers, he has the means…
These will come down tomorrow, but not to 15.5p. It’s not huge dilution and it’s underwritten by a major shareholder. Hoping might be able to pick some up 16.5/17pish
Malik’s back!
Yeah the price is annoying, but henry maxey is essentially prepared to double his already substantial investment, huge buying opportunity here.
And the share price is moving today too. Sell-off over, re-rate coming!
It’s equal to the highest price paid by the acquirer over a 12 month period. So if they start buying today, that would be ~0.29p take out price. It has nothing to do with the top tick for the share price in the year.
Basic, basic stuff…
For the record i have sold all my stocks and have no intention of buying anything soon - other than maybe SPX puts. Friends tell you how it is, frenemies tell you what you want to hear. I am not a frenemy. Bore off with the “deramper, short agenda “ rubbish. Look at the markets and open your eyes!
With much regret i sold out on friday, the chart looks dreadful and the traders will run things here for a while. GLA, this will come back at some point, but the bears seem to be in control for now, could be grim tomorrow.
PREM is an utter dog. George roach has sucked millions out of that for years. He has no intention of ever mining anything, doesn’t need to, when he’s taking a million a year out of it.
People also need to stop comparing the EPO they just received with the mining licence for KOD. If you do not know the difference between an exploration and an exploitation licence, you really shouldn’t be investing in junior miners…
Very odd today, almost like somebody wants in…