focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Agreed Fulmar. The more I think about it the more a JV makes sense as our best possible outcome. We should be able to ride a wave of increasing price (and most importantly: liquidity) and realise superior value as opposed to a straight buy out.
The Swedish Pension fund and the placing taker notwithstanding, its going to be hard for any decent sized institutions or hedgies to take a position at this stage. The notional sizes these guys look to get in are £1mm min and we're just not at the size and hence liquidity to be able to get that much away without seriously dislocating the price.
A JV leading to an increasing market cap and at ~$500mm you'll see serious buy-side money taking positions.
Doubleup, given that wording they would have to clarify and announce an extension. They have not stated whether the technical review was satisfactory or not. Even though we may all infer that from the DD taking place.
It looks good but let's wait and see.
Yes view posting histories and read above and below the line and filter and you too could lose tens of thousands of pounds (maybe more) like Brom.
Ignore anything negative written about this stock. That will get you far. Great advice.
There will be next to no shorts on a stock this size. It's impossible to borrow with this liquidity.
The only short positions will be people like IG or other deriv houses not hedging out their retail clients long positions