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GRN, GRAVITY DIAMONDS LIMITED |
 Posted: Jul 15 2007, 11:45 PM
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Posts: 223 Thanks: 4  |
Great win on the w/e Adder, stick to footy not shares lol MWA rising now not falling Bwana. 82 last count, consolidating. Just got Annual Report, seems like they're a company with substantial potential in many different minerals, downside risk is they have a mine in Mugabe land but interesting to follow them over next few months. I said in December that someone wanted them badly & surmised they knew they were worth much more than the 27.5 t/o price, I'm grateful to that buyer cos his keenness persuaded me to keep them. Bit of a run likely I reckon. Let's hope I can unload them before Mugabe stuffs it all up. |
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Posted: Jul 5 2007, 10:07 AM
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 Posts: 5,264 Thanks: 1136 |
item54, Bwanas and Bananas to you. I sold mine I remember "Never Fall in love with a falling share" or was it stars in the eyes  Now who told me that.. 
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Posted: Jul 5 2007, 08:30 AM
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Posts: 223 Thanks: 4 |
Bwanas, anyone here accept Mwana's takeover for GRN & now holds Mwana shares on AIM ? Current price ~ 80p @ 2.35= $1.88, divide by 4 = $A0.47, much better than the 27.5c takeover price. Me bwana hold. |
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Posted: Dec 19 2006, 11:09 PM
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Posts: 223 Thanks: 4 |
Bwanas, I can't help thinking that this big buyer knows much more about Mwana than we do (let's face it, wouldn't be hard) & he sees 26.5 as a cheap entry. I suspect we've all underestimated Mwana (in which case GRN Directors should have held out for a LOT more). |
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Posted: Dec 15 2006, 10:49 PM
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 Posts: 3,207 Thanks: 72 |
Not sure why the big buyers would think that. Last trade for MWA was about 26 in GRN equivalent (41p). There's about 2.9M GRN equivalent on offer at A27 cps (42.5p). I dumped at 26.5 today. They can keep the potential 1.5 cps premium. The reasoning was based on the possibility (small risk) that the deal won't proceed, in which case GRN may retrace. On the other hand, a higher offer just may plaster some well-deserved egg on GRN directors' faces? Ah, if only we knew. I did expect the sp to approach the offer price progressively with time, so it may have another cent left in it unless something comes from left field. |
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Posted: Dec 15 2006, 08:53 PM
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Posts: 223 Thanks: 4 |
Some big buyers lined up, like 1.6m @ 26.5, maybe they think this is a cheap entry into Mwana ? Clearly they think 28c is too low to buy GRN, but at least its comforting to know that some big buyers are prepared to outlay their money. Bit lonely on this board guys. |
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Posted: Dec 12 2006, 10:09 PM
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Posts: 223 Thanks: 4 |
Anyone know who MM&E Capital is ? They've bought 5% since 23/11, are they just hanging out for 2c or do they see a lot more ? The latter I expect.
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Posted: Dec 7 2006, 12:12 AM
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 Posts: 153 |
agree feathers, They were happy to take money from us at 42cents, and now are saying its a good deal take 28cents for them. The thing is they are going to keep their jobs, be paid by mwana, even have their nonlisted oppies bought off them. They in return dont have the constant stress of "where is the next lot of funding going to come from?" I would like to know what BHP think of this? they had a clawback didnt they if something big was hit? cheers |
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Posted: Dec 6 2006, 10:20 PM
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Posts: 223 Thanks: 4 |
10.4m queued to buy to make a few cents profit, but only 3m want to sell, so I guess most holders will just stick it out. MD's letters says what great prospects they've got, then basically says they bit off more than they could chew ("our programs were highly ambitious...") & so had to sell out in a fire sale. Does anyone know what's involved in selling on AIM through an Australian online broker ? |
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Posted: Dec 5 2006, 02:13 PM
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Posts: 50 |
 What a message to the small shareholders from grn. Basically they could not care less that we stand to loose our hard earned money. I bought at 35c, 55c and finally the wonderful offer of 42c, which I picked up. Oh well live and learn, it justs seems a pity that a company can do this and get away with it. Cheers all.
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