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Speaking of posters not explaining things, 1981, for the sake of us plebeians can you kindly explain what your post over the weekend that referenced the "full-curb" actually means?
It's a direct-indirect block swap that shows up in inter-arb. Someone with big numbers is keen that this either builds value or preps to spin-out before any action. Could be another reason. Doing it this way means suitors don't need to get into the books to know to hold off. 2024 exp- think I mentioned that. That's how I can be so confident that neither Jiangxi nor anyone else will drop a bid until next year.
And to the person who asked, I'm not HH. He seems to understand filings well so I'd guess his background is finance legals. His English is poor, suggesting non-UK, and he spends a lot of time hounding our famous Canadian investor, who is currently executing a quieting of the rhetoric, you'll note. No buyer this year - Bob spoke too soon, and he doesn't call all the shots, he's now seen. Problem with big bodies on the book.
SM, unlikely to get an answer from him as school bell has gone for end of dinner time lol!!:)
Not as simple as that, DM. As you can see I'm trying to be helpful! Do you know much about corp search teams at CTs? Won't name the one whose work I'm quoting but think ADM/Koch etc. and you won't be far wrong. They aren't sub-trap when it's near-domain. You could probably ask anyone under the umbrella and they'll be able to show you their workings! For clarity, solg is the only share I'm interested in enough to exploit this, so I won't be proxy for other info. The market since Sept has known the same thing. The anomaly is WI, but I think he was probably just a bit slow to ask the right question, hence the delay in climb down. Or he did know, and that's why he has been so cagey about time frames.
'81, thank you for this, I appreciate it. Although why you felt unable to explain earlier is a complete mystery and disclosure would have avoided much unpleasantness.
I will not claim to understand fully as none of this sort of thing existed when I was involved in public company CF, and my later involvement was more or less limited to private companies. Life was simpler in those days.
In your opinion does this explain one of the options contained in the SR i.e to spin-off the other assets thus leaving Alpala as a stand-alone asset? In other words making it simpler to sell in due course, but also sending a clear signal of intent in the short term.
Add, it is nothing more than someone with a lot of shares making it very difficult to roll solg until exp. Reasons for that are anyone's guess. But we won't find a buyer this year, and it's that I've been trying to tell people who are reading rampy nonsense. I didn't want this on the board, and would happily get it removed. That's not me saying I think it has impacted the sp- it just isn't public.
Wow, AnnaNuva- do enlighten us. How does this 'stop nothing'? I know it won't stop the rampers, but be serious for a minute please. Is it routable? If so, how?
No problem, DM. As I've maintained throughout, this absolutely will get taken over (or fail, but that's a negligible risk I'm ignoring). I would suggest action in H1 2024 is highly likely. Don't think we'll get a bidding war, but price will be multiples of the lows we saw recently. That's IMO, obviously - nothing to support that beyond what's already here.
Not what we're discussing though, AN. Do keep up!
I missed something, sorry, where is this swap advertised and do we know who traded it?
Whatever you say, new poster. You're the expert...
'81, over the weekend you suggested the details are buried somewhere in our various documents. Would you care to point us in the right direction? It would help clarify matters. Thanks.
Search team has it in the disclosure, definitely. As I say, it's at least double. Short of giving you the name of the CT (obv can't do that!) I've made it as clear as I can.
Slug, your references to 'swaps' show you have absolutely no clue about main-lines, covers, defence or ind/dir, and this is why I wanted to check Add (or anyone) would understand an explanation. You probably have less idea here than you do about temperature (and that's saying something!). Take your brand of ugly stupid elsewhere - I'll ignore you.
HubrisHunter's take on 1981's claims: https://twitter.com/hubrishunter/status/1647986943551246338?s=20
He knows his stuff SharketMare by looks of things Hubrishunter
Interesting. He and slug both talking about swap positions...
For clarity, I'm not implying that HH and slug are the same person. HH might struggle with English but he's a lot brighter than that cretin!
Anna,first I've heard of him tbh ,but agree with you on the infester