What is surprising about the CLN (Convertible Loan Notes) is, even allowing for interest its around the figure of the lower end figures for the award. So one assumes parties believe the value is higher? Irrespective of my view its certainly a validation of the prospects of the Oxus Plc case in addition to the Calunius funding, which has a success rate in the higher 90%'s which isn't to be sniffed out.
Unless of course the conversions and equity is going to be placed short? Which I doubt...but that is a risk admittedly.
Atb Fraser
(Leggie apologies for my slowness as this comes second to trading! :-) )
Holdings RNS's in due course.
Fraser
ReplyDeleteNo problem :-)) There are some opportunities out there now the Ukrainian crisis is petering out - FTML yesterday was a bit of a War Zone edition, but I guess the press need to push these incidents for all they are worth. Still, you and I have some volatility now.
Cheers. The Leggie
Morning all
ReplyDeleteLeggie- had an email from Zincox. The maintanance planned for this month was done a month early so March should be a full operation month.
Regards
Oli
Oli
ReplyDeleteThanks for the update- I would have thought that warranted an RNS but its obviously good news and given the past tech issues its nice to see it go smoothly. Zinc is heading in the right direction as a whole too, so ZOX looks like a good balance between risk and reward at present.
Cheers. The Leggie
Hi Leggie. Was in a rush to get out for work this morning after getting a buy in for myself!
ReplyDelete'Andrew Woollett is travelling at the moment but I can tell you that the maintenance was brought forward by a month and the plant will be in operation all of March'
I had been concerned with the drop off recently anticipating either sellers expecting the shut down for the month or bad news. Having targeted 20p buy in im very happy to leave it now for 6 months at hopefully full production. Thanks for your comments recently about the company. Just need churchill to drop a couple of more pence for my target there and it will have been a good week. Patience paying off!
All the best all
Oli
Leggie & Oil- currently in cameroon again so hard to keep a pace but F does keep me updated - ZOX via F have been tranche buying as it drifts - for chl Oli id wait a little bit before going in again - seems the rumours of CHL meeting with indo was rumours are more accurate but dont hold your thumbs for ever in hope - i noticedf closed my short on rur today so when he has time perhaps he can explain his reasoning for people - the board appears unable to approve items in my name so quite a few limbo @ the mo - ben youre not being sensored the IT element isnt in our favour -
ReplyDeleteto update Ben's position (copy&paste) Hi Fraser I took your advise at the last minute having learnt a lot from you. I managed to sell my 40k shares at a higher price than I paid and got in to CHL and out quickly at a profit. I'm learning and will pay more attention. Thanks for all the input I've followed you a lot more on ML and am long nickel but have been selling some profit. What next I want to retire at 29 thanks Ben
Cheers ianh under Fs user name
Ian, Olli and Fraser
ReplyDeleteThanks for the update- CHL does still look weak and prone to selling but I have a core long holding and then Im trading a bit around this- I too believe that ROI would have to be v foolish to not want to try and settle at this stage, hence the news stories re claims against CHL coming most days from the press in ROI, the plan being to weaken the CHL share price and make a low ball offer seem more than it is. 25p is probably fair value at present, but I could see a £1 ish offer from ROI in a month or two so a dual approach is needed here. They could sell a £1 settlement as a win, given their v friendly local press and I don't think they want it to go the full distance.
OXS is in news blackout but still looks cheap against my 3p fair value at present. The market makers are only interested in turnover here, as it pays their salaries, so they are holding low stock levels and they will move the price 10% v quickly to bring more shares in from stop losses when they need more. The Sturgeon news was v positive, given the conversion price, so isn't mainly long for me here too, but the key with both is to not get too greedy and take some money off the table on the way up.
Cheers. The Leggie