Member Info for Urraca

It works for Muddy, so why not? Best register in some country where they won’t be able to prosecute you. Maybe Russia? Just kick back 10% to Putin.

The £3m trade at 16:35 is the closing auction, an uncrossing trade (UT). It is not an actual trade, just the closing auction to set the closing price. No one sold 226,707 shares at 16:35.

To be fair, the sheer fact of two of the main shareholders divesting such a huge quantity of shares would have had a massive negative impact on the SP. At least this way, it is pretty clear to see why they have divested, and why they sold at the price they did. I’m sure they don’t like it, but they’re still rich, their debts have been settled, and, assuming Freeh report as we expect them to, the SP should bounce back quickly.

It’s still massively cheap - fill yer boots.

I expect Freeh group to report back on cash balances as at 15 December at some point next week. It is a month gone, and NMC have had time to assemble all the paperwork for them to review. All they really need to do is verify the info with each bank. So although not completely certain, that should be quick, and NMC will be very keen to get that ASAP. Any shooters should therefore be looking to close out their shorts as expeditiously as possible next week. I am sure they will attempt to control the price as they do so. We will see whether they can manage it, but I personally expect to see the price rise in anticipation. If Freeh confirm that MW are full of manure, the price will gap up. Although the review will continue into the rest of MWs allegation, such an outcome, if positive, will throw considerable doubt on the rest. I think it will be positive, or NMC would be obfuscating, not hiring a premier league integrity checker.

We will never know, but it could be that MW were the vehicle used to relieve two major holders of a significant part of their holdings at a ridiculously knocked down price. A plan so devious it could be described as oriental.

Working overtime now to let the shorts get out

Looks good
https://freehgroup.com/go/investigations

Have they said when these will be announced? 7 March last year. Freeh are going to have to move quickly. Not that I have any doubts that they can.

The market liked Dorothy’s update yesterday. Firm hand on the tiller and all that. When the seller clears, this should move back towards 60p, although it will probably take a bit to get back there after this knock back.

I’m back in. Slowly but steadily increasing my shareholding. Target, 1,000 shares by Xmas. When it will be £42 a share. Lol.

The details about the conf call were in the RNS ffs. Anyway, Dorothy is all about sound management, and the market likes. I’m back out for now, see you again soon.

A robust conference call will do it

On the upside, there is no bad news here that has not already been disclosed. No real sweeteners though, apart from affirmation of a commitment to turn this around.

Read the 9th Dec RNS Visainn, it is explained there

Bit surprised at the price drop given the reported buys hugely outweigh sells.

Can I take it that you are back in Dbno?

Interesting. I was just thinking that the market managed to absorb the 500k sell today, now this. Amazed it didn’t push the price up.

Net debt $403m end 2017. $340m end 2018. $277m as at 30 June 2019. If they have continued paying down at same rate through 2019, maybe $220m. But I’d be more than happy with $240m, clearing $100m in a year. That shows real cash generation.

I have lived in the Middle East, and I know for a fact that if they get the slightest sniffle they’re straight down the docs. I’m not saying that this isn’t the way it’s going here, but NMC are operating in affluent and hypochondriacal regions. It’s a winner.

Because it might show they accidentally shot their own plane down when they got carried away firing off missiles at US bases in Iraq

Tricked, they had used these shares as collateral for a loan. The share price drop could have breached covenants, so the banks called the loans in, hence a forced fire sale. Institutions were happy to buy over 31 million shares at £12. So I am too.

GGG - I was told not to buy? By an anonymous poster on a BB? Lol, get a grip dude.