Member Info for zinky

Sandgrove bought RM shares when he departed (major difference of opinions). Then the muppets ran riot. RM comes back, buy large stake with others, muppets out. Sandgrove, looks like a tax loss play (note: why the mad rush). Investors can buy now at discount to RM play (if you want). With resources reinstated, the only scam is if the BOD divest to 3rd company for pennies (they just sacked someone for this). Current RNS’s are stability notices. Shareholder lists will show who has been buying.

With Sandgrove out, the shares went somewhere. RM we know owns personally a large quantity and has now put his reputation on the block. If JAY divest certain assets, it provides capital / stake. Money was raised recently so there is interest.

The broker / John Meyer does not run the company, they are for advice, interpretation, networking and analyst etc. As they advise many companies, they are very much led by the materials given to them by the company, if there are dubious actors with malicious intent, the broker can only voice their opinions (with John did - numerous times). As always , nothing is “black and white”, there are shades of grey. Let’s see the next instalment and progress to recovering some sensibility - clearly things are in progress.

Depends what Cinch is up to with their holdings and further who acquires the Inchcape retail space?

Something must be going on. Steady buying surge. Q1 numbers not due until May. Lucky I topped up earlier in the week.

I strongly suspect a new player has acquired the block of shares, unless Sandgrove are playing an accounting move to crystallise loss.

A 500 buy, sets a marker and is justified. Previously WATR. has purchased shares in treasury and then sold them for a profit or serviced other requirements. The message is more that WATR is ready to purchase when it considers an effect price can be enacted.

Https://www.theaustralian.com.au/business/dataroom/buyers-line-up-for-newmonts-telfer-mine-stake/news-story/a3af743f8eee448a4d6af1f8379bf23b?amp&nk=97e7ceda9245559bd5c03057ecc9543d-1708982538

Nearly every gold boss in the country will be tapped on the shoulder and asked in the shady corridors of West Perth who wants to make an offer on Telfer and — the larger prize — its adjacent Havieron discovery in the Paterson Province of central WA.

The mine has been operating for decades but it’s the underground discovery of gold and copper and Havieron — expected to produce in the order of 160,000oz gold per year for nine years once in production — that has eyes turned to the asset.

Operated by Newmont in a 70-30 JV with London-listed and Andrew Forrest backed Greatland Gold, the obvious suitor is its junior JV partner.

M&A’s often conclude with consolidation and assets sales (why the sudden surprise if haverion and GGP are not consider as Tier 1). Newmount have made their decision - look upon it as an opportunity as there are numerous options. Wayloo are a significant player and GGP have established credibility. GGP contract terms might offer 1st refusal, but then again Newmount will seek a demanding price based upon forecasts. It is more sit and wait for the next step rather headless chicken syndrome.

John Meyer, certainly has an opinion about the company and with any luck they may seek his guidance and wisdom in these matters. I assume he was not amused at the bucket shop fund raising (and the parties who instigated this) and we await his next comments.

Helpful dialogue. SG (I recall) recently put more cash in before the CMC Fiasco and then there was the TNZ nonsense (signs of desperation) and as such must be nursing a heavy loss. If SG are working both sides, it appears to be an expensive exercise, however these appear be speculations. SG bailing is certainly causing the SP to be pressured, but the fund raise (1,2) were successful and shares are certainly being acquired. It now depends very much on the following news flow and direction of travel. They divested one project to MetalsOne, there will be other options to consider. K may decide to walk, but then again they may wish to acquire the asset (if they consider the company inept).

As a LT from back in FinnAust days, what a car crash and management incompetence. The RNS that there was a deceptive party undermining the strategic visions of the company, raises further questions. Are we sure it is only one party and not others and should not the authorities (beside lawyers) be consulted re deception. Rod, now you are back, exert some control and deliver the world class assets or give them to MetalsOne (or other). I await the next instalment (no doubt others are waiting as well, including SandGrove (who deserve an explanation)).

Franchise businesses normally reward their shareholders with a dividend. This not only provides an option to re-invest, but also opens the door to a wider set of investment funds. WI is well into its growth strategy, there is nothing significant on the horizon, so perhaps the BOD should consider such an option. The CEO then will be able to limit his additional costs for securities, since he will then be gaining dividend income.

It’s all about credibility and the CEO’s methods in play of supporting his tech company. Ok, to have synergies, but directly using WATR to support that company with WATR tech will raise eyebrows.

The person responsible for arranging this deal, I strongly suspect pushed their opinion too far. The backlash of this finance was counter productive to Jay. Maybe the chairman has decided to clean up the problem.

It appears odd that the BOD approve a staged finance scheme on such complicated conditions. Mining operates on various JV’s and investment models, but this appears to have caused significant reputation damage and could have implications going forward. I assume the assigned brokers did not recommend this. I think this is a sit and wait for the other projects to take shape and the chairman’s opinions to further the direction of travel. Such promise but poorly managed.

Murky news re furlough clearly casting a long shadow.

The latest Q3 results and broker opinion, clearly indicated a very promising set of year end results. It does appear the considered opinions are conservative to safeguard Red-faces and to maximise the impact of CEO statements. All very encouraging and well done.

Significant emphasis has been made by CEO re Bidens spending bonanza. The continued delay / “WATERING down”, could see a further significant drop in SP. Wait and top up.