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Reckon we are about to turn here. The wall of selling hasn’t materialised, if anything looking at the trades going through people are adding to their new shares.
Remember, henry maxey the CEO/CIO of a £30bn hedge fund, who had a lot more knowledge of what’s really going on at this company was happy to personally add up to £4m worth of shares last week. That’s in addition to the £6-7m exposure he already had. Join the dots people, this is worth many multiples of the current share price. Take advantage of the spooked market and buy while you can at these levels!
EMH certainly do atm, they have the Czech government essentially backing them. Good news for znwd is that they can piggyback of the back of it. ZNWD have very astute backers. EMH is the safer play, but rewards are much higher on znwd from current sp. I don’t expect it to remain here for long. It may dip a shade more, but expect the bounce back to be sharp. Both are great plays.
https://www.business-live.co.uk/manufacturing/10m-city-investment-secured-saltend-22542158
Try £320bn AUM…
This bit is key
M&G's Head of UK Equities Michael Stiasny commented:
"With this strategic investment, we look forward to supporting Pensana in the
future as they continue to develop an independent and sustainable rare earth
supply chain based in the UK“
The company now has a very deep pocketed institutional backer. Complete game changer.
Huge news at Pensana (PRE), they just got £10m funding from M&G at mkt level. They and other blue chip fund managers like them are clearly on the hunt for these type of assets. They just lost their sizeable investment in BCN, they will be looking for another lithium play. They have just been given shares in ZNWD. Expect them to do their DD and add here in size. Things just got really exciting!
Utterly game changing news. M&G putting in £10m at mkt level? Proper blue chip institutional investor. This is not a primarily retail share anymore. Blue chip fund managers are clearly on the hunt for future world assets. This is just the beginning, massive re-rate on the cards. M&G are not punters, serious DD would have been done.
I think the guys who played BCN for the arb, will or already have hit the bid. But for the guys who invested in BCN for the lithium, i think, as seems to be appearing to be more the case they will hold or add here, as their lithium exposure just got smaller. There are precious few assets like this that you can get exposure to. Perversely, this could end up being the event that gets ZNWD going, by giving it increased visibility. The story sells itself, there’s no need to pump it, it’s been more about getting the story out there.
There’s also guys who just lost exposure to a lithium asset that want to reload/re-allocate. Henry maxey just stuck a further £2m into this last week, to add to the £6m+ exposure he already had. He was aware as we all were of the BCN shares and the deutsche lithium shares. It didn’t dissuade him from being prepared to pony up up to £4m more. He is the CEO and CIO of a £30bn hedge fund. He is no lightweight, nor an idiot. He is not your typical AIM reprobate like george roach, lenigas etc. There will be more going on behind the scenes than we know. The wider mkt is mot helping atm, nobody is buying anything. This will have support, just not today.
It will come good, it’s just pretty grim in the short term whilst flippers, BCN arb guys etc clear. At some point maxey et al will step in. He’s just put over £2m at 15.5p he was prepared to stick in up to £4m. The general jitters in the mkt making it pretty tough going in general atm! When sellers clear and it comes back, it will come back hard.