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JSB

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Everything posted by JSB

  1. Von trader has picked up an error in the response, they might need to revise this answer. The company stated in its response; Might want to look again.
  2. I'm a recent twitter member to help me speed up my information gathering - both Swami and Vontrader are two of a handful of accounts I'm happy to follow. Keep the bastards honest!
  3. JSB

    WFE

    https://twitter.com/ML_SuperNinja/status/977171826525667328 The 3B filed in respect to the placement not only makes no mention of any issued, escrowed stock, but separates out the exact FPO quantity subject to escrow agreements. (Un)Surprisingly, quantity and escrow period do not reconcile with Michael's statement. https://www.asx.com.au/asxpdf/20180323/pdf/...ph0rw9fvyn6.pdf Jason Brewer also Tweets his astonishment that the Ahmads hadn't sold a single share post raise announcement. If the shares were indeed subject to a lockup, I would find it highly unlikely this wouldn't be disclosed as part of the placement information announced to market, or that the MD would seem so proud of the lack selling on what is supposedly restricted stock. https://twitter.com/JBrewerMining/status/977082726581985280
  4. https://twitter.com/stockswami/status/979165688341282816
  5. No, no, Blacksheep, there are far more pressing issues: https://hotcopper.com.au/posts/32114482/single Forget inclusion in an ETF that mandated buying 10m shares on market and saw the price spike 20% on rebalance day alone, it's the evil bots that are creating a false market
  6. JSB

    BLA

    http://www.afr.com/markets/behind-the-rise...20180326-h0xzzi
  7. JSB

    BLA

    Some not insignificant director sell downs three weeks ago: Kim Morison sells 50,000 at $11.50 per share https://www.asx.com.au/asxpdf/20180312/pdf/...cdqr02pyw6t.pdf Tim Wilson sells 150,000 at $11.50 per share Bizarrely, each 3Y claims on market trades for the combined 200,000 shares, however my course of sales data for the day (Chi-X inclusive) has a low of $11.69 on March 7. Peculiar that directors thought it prudent to trim their holdings at the same price they went to market to raise $100m..?
  8. JSB

    BLA

    And, for context, this was QIN's initial response to a similar report from Glaucus 12 months ago. https://wcsecure.weblink.com.au/pdf/QIN/01841373.pdf
  9. JSB

    BLA

    BLA with the preliminary rebuttal: Perhaps the excerpt quoted by BLA should be taken in context with the full, one page disclaimer?
  10. JSB

    BLA

    I was just about to post similar - Fidelity going through a real purple patch. Took a while to digest the 67 pages, Shand certainly has a busy Easter ahead of him. https://www.shortman.com.au/stock?q=bla
  11. JSB

    BLA

    At least the market has time to digest the report over Easter before BLA returns to trade. As ever, Glaucus has impeccable timing: 13/3/2018 "Blue Sky Alternative Investments Limited (Company) has today issued 8,695,652 fully paid ordinary shares at a price of $11.50 to raise approximately $100 million (Placement Shares) by way of a placement to institutional, sophisticated, and professional investors" https://www.asx.com.au/asxpdf/20180313/pdf/...csdg71vdsx9.pdf The attaching SPP closes today
  12. JSB

    BLA

    https://glaucusresearch.com/tos-check/?pdf_...A_March_28_2018 It would appear Glaucus have a new target
  13. JSB

    GSW

    http://www.afr.com/technology/second-class...20180327-h0y10r
  14. JSB

    WFE

    This stock is unbelievable. There is absolutely no precedent to increase the scope of the raise a week later at such a deep discount (and where Langford is allowed to stipulate conditions of the raise). No doubt, the sheep will wave it through regardless. For me, it has shades of crypto, where there is no underlying claim to a real asset ($100k tenement aside) and the price is determined largely by manufactured demand through paid advertising. For HC to claim ignorance up until after a 30% retrace from the high is absurd – one look at that forum over the last week and red flags were everywhere. They are complicit. I’ve attached from March 1 to March 19, and then March 20 onwards. Unfortunately the latest is the 22nd due to T+2, I’ll have a look again after Easter.
  15. JSB

    WFE

    Of course. https://hotcopper.com.au/threads/caution-pl...7/#.Wrmyc4huZhE
  16. JSB

    WFE

    Wouldn't get a foot in the door for a first meeting - don't know of too many mandates that support paying ridiculous overs for a shell. But let me guess, those getting in on the "ground floor" are the smart money, right?
  17. JSB

    WFE

    "Small time investor with a portfolio consisting of 100% Lithium Plays". Small time, hey? No kidding. Throwing good money at a $32m shell. At least he's telling everyone to DYOR! Can't help but feel regulations designed to protect retail investors are falling far too short, although there is some argument in the "you can lead a horse to water" mantra. Nothing like a bit of promotion with the HC hearts. No DvP card available, so must have been issuer sponsored by the relatively unknown Sixty Two Capital Pty Ltd. "For the boys" https://www.smh.com.au/sport/soccer/perth-g...416-1mmk8l.html http://www.adelaidenow.com.au/sport/footba...7f7a87814b8d472
  18. JSB

    WFE

    A Jason Brewer x Michael Langford DRC Cobalt play. Good lord. Let the pump begin. https://www.asx.com.au/asxpdf/20180320/pdf/...l5htb5ffm57.pdf
  19. Long winded way of saying they have failed to pay the resettlement compensation within the six month window. Understandable given the circumstances, but highlights the difference in willingness to “comply with†rather than “support†the government’s changes.
  20. Not sure if that’s the article, but a good read nonetheless. Thank you for taking the time to look, I’ll have to keep sniffing around.
  21. I would hazard a guess that the after market action on Friday would be due to AJM's inclusion in the ASX300? https://www.marketindex.com.au/sites/defaul...lance-march.pdf I was hoping you might be able to help me blacksheep, I recall a post of yours containing an article focused around Chinese entities taking up equity stakes in junior miners at the same time as offtake agreements, which acted doubly as security of supply transactions, but also gave optionality of deterring others from lobbing takeover bids. The AJM and Optimum Nano relationship was the catalyst for the article, but I can’t seem to find it anywhere. Would you happen to remember it? And welcome back as well, hope the R&R was great
  22. Bingo, MS the SYR 'Believer" - what gave it away? Ms. Shaw would appear to be a little closer to the money for me: And yeah, I saw the CS Takeover Targets piece with SYR (yet again) named. Despite an almost 10% run in the last few days post the article release on the 13th, I can't help but wonder if SYR might acknowledge its vanadium credentials to stave off the nasty shorters? https://thewest.com.au/business/mining/vana...s-ng-b88773340z
  23. http://www.afr.com/business/mining/can-syr...20180309-h0x9ry
  24. Still here Nipper! Trading Halt is for amendments granted for the Special Economic Zone Licence in relation to the Tanzanian operations. Magnis already has an existing portion of its proposed operations licenced under the SEZ agreement, which is a separate operating framework from the Mining Act laws and regulations. PDF link here to the Act. Importantly, the dispute settlement provisions allow for international arbitration under pre-existing bilateral or multilateral trade agreements. The SEZ framework may allow Tanzanian mining operations to exist outside the scope of the newly introduced Mining Laws, where the mineral extraction under generous tax concessions and SEZ provisions to foreign investors still have a positive net benefit for the domestic economy, and locks in the fiscal stability of the qualifying projects for periods of ten years. I am hopeful these new amendments granted either increase the scope of operations that qualify for SEZ licencing further upstream than just beneficiation, or lay out a framework to lock in stability for the project.
  25. JSB

    BWX - BWX LIMITED

    https://www.fool.com.au/2018/03/06/bwx-ltd-...limb-65-higher/ (Not so) Surprisingly, GS has raised it's price target after the disaster Half Year! Interestingly: https://www.fnarena.com/index.php/2018/03/0...ands-its-reach/ Operationally, the channel stuffing is likely to average itself out in the long run, but the acquisition price was determined off a forward looking revenue and profit forecast and lauded as a bargain buy based on a revenue to consideration ratio. Not so bargain if that revenue figure is artificially inflated by short term supply chain distortions. Haven't checked if there was a corporate/financial adviser to the deal, but can't imagine they'll be invited back.
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