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[katylied] 07/3/2015 13:21

Some headlines from the last couple of days...

"Aussie Boom Towns Go Bust As Iron Ore Prices Crash To Record Lows"

"Iron ore carnage: West Australian mines could close by July"

"Iron ore tipped to fall below $US40 this year"

Only the true faithful (in the mindless religious sense)
will be going down onboard with this delisted ship...

[pete_bain] 07/3/2015 11:28

Ermmm. Ex broker. What's to love about a forced sell here. There's nothing to be made not less you were in at 4p

[exbroker] 06/3/2015 22:50

Thank you solonic its good to see there are at least a few people on here who invest in a logical not emotional way, but don't stop then it makes it so much easier for us! I love private investors you sell at the bottom and buy at the top and you cant ever admit you are wrong, listen to what the wife says she will do a better job!

[solonic] 06/3/2015 20:36

I'll save you and the other threadlice the bother of doing some real work in the pursuit of profit in the stock market (i.e. not listening to any random fool who has an opinion who just happens to be passing by!)



"Conditions for arbitrage

Arbitrage is possible when one of three conditions is met:

1.The same asset does not trade at the same price on all markets ("the law of one price").

2.Two assets with identical cash flows do not trade at the same price.

3.An asset with a known price in the future does not today trade at its future price discounted at the risk-free interest rate (or, the asset has significant costs of storage; as such, for example, this condition holds for grain but not for securities)."


Point 3 pertains here.

[solonic] 06/3/2015 20:27

Please don't presume to patronise exbroker, Brookie. He knows a lot of things which you should have known before you chucked thousands of pounds vainly into the stock market.

You could start to remedy your ignorance by looking up 'arbitrage' on Wikipedia.

That applies to all the other threadlice too.

[kbrook] 06/3/2015 16:31

If I was an exbroker I might have a clue what that means.

[exbroker] 06/3/2015 16:20

Looks like a rate of return trade, I expect some other arbs to rule 8 soon given the volumes

[kbrook] 06/3/2015 13:48

From what I can make out he has acquired another 2.8 million to go with the 3 million or so he already had. So probably just making an easy profit when he gets his 6p each. Only owns 1% ish so not really going to make a difference. Any other thoughts?

[invest ted] 06/3/2015 13:33

*that should be send him a text.

[invest ted] 06/3/2015 13:32

His mobile number is at the bottom, and him a text?

[kbrook] 06/3/2015 13:25

Exactly, very curious, is he a buyer or seller.... Does the plot thicken!

[gowboy] 06/3/2015 13:22

I meant Nonno not the kebab.....

[gowboy] 06/3/2015 13:21

So.......who is Mr Donni then???

[venture traveller] 06/3/2015 12:25

Max has got a good point. It needs people to stop selling though. If people stop selling, then Redbird will have no choice but to up their offer. There are definite signs of a bottom in the resources sector, as BZM is showing today. Still time for a counter offer too.


I'm holding on

[topicel] 06/3/2015 12:03

180!

No two outfits are ever the same, but BZM managed to get their backers to stump up the dosh and remain listed and, as a result, gain 180pc on yesterday's close - so far...

Now why didn't our BoD take a firmer stance or at least allow/make it known we were for sale to potential bidders?

Maybe there is still life in the old dog yet? Maybe it is a ruse to flush out interested parties? All I know is they never gave it a chance on the face of it. And BZM are digging far deeper than Redbird needed to do, imho.

and we'll done Max, not an unnecessary comment within your post ;)

Topicel

[exbroker] 06/3/2015 11:27

It looks a done deal at 6p those that see upside stay in and good luck, those that dont take the cash and move on, simple!

[pete_bain] 06/3/2015 11:27

BZM having a good day....

[solonic] 06/3/2015 10:48

Oh shut up, max, you don't know what you're talking about......as ever.

£00.06

[max101] 06/3/2015 10:24

We don't know 6p is written in stone until the letters go out/broker notices etc.

scarily, that it all depends on these people selling for discount when they can get at least 6p ??
If redbird don't get enough they may add pennies some to the pot.
It's a haggle like anything else now. I'd be surprised if there was not a contingency fund "sweetner", when it comes to the crunch, just to make it a done deal.
Upset everyone with a 6p offer for a while, then if you offer 8p everyone snaps your hand off.

[topicel] 06/3/2015 08:34

Same here Pete. Overseas at the moment and need to deal with this awful situation when it's posted so need to get someone to check the post.

Btw, will the MMs consider BAO and Redbird won't get the desired percentages and then we are stuffed with dilution for £12m or more and they start dropping their offer accordingly. Even Redbird could play hardball and scare more into selling by stopping buying...

Such chicanery aside, has anyone calculated what we would actually be diluted to? and, if it isn't too draconian, why hasn't the BoD taken that option, or even discussed it at an EGM say?

The more I think about this the more I feel an out-of-left-field offer could yet come along. Why else would Redbird want this baby and not pay a reasonable valuation? I reckon it simply boils down to they would be diluted the most and our BoD by taking the interest-free bridging loan have given them the keys to the company as they can close us down that way if they wish...

Topicel

[pete_bain] 05/3/2015 21:12

Get your drift Emtrad. In some ways it's a relief to get rid despite the loss. I have had a bit of unexpected luck elsewhere that nulls the pain a little but there will be no more AIMing for me.

[emtrad] 05/3/2015 20:15

Still here and will be until the finalisation of the offer. Waiting for the 6p. Will contact my broker in the next week or so to see if they have the offer. Can't wait to put this to bed. I am just going put the money into a FTSE tracker until the end of this year on the assumption this bull run has a little more left in the tank.