African Battery Metals Share Discussion Threads

[johncraven] 14/3/2014 10:51

whats going on today ?

[mister md] 14/3/2014 10:05

marketcap 4m ie priced to go bust. Now to calculate the probability of it going bust ... ;)

[hectorp] 14/3/2014 10:03

Remarkable move today.

[overeager] 14/3/2014 09:50

Saw an article in last Sunday Times saying the banks were reluctant to let it fold/ sell it's debt to vulture funds - so who knows. Fun to watch

[mister md] 14/3/2014 09:49

was hard to buy in quantity yesterday/this morning. Probably just shorts closing, but who knows ...

[mcbull] 14/3/2014 09:45

Maybe some resolution going on and will be saved before 31st March?

From a TA view, looks very interesting!

[mcbull] 14/3/2014 09:45

Maybe some resolution going on and will be saved before 31st March?

From a TA view, looks very interesting!

[the_beagle] 14/3/2014 09:44

Bear squeeze big time I think. Could be fun! No holding, just watching!

[p@] 14/3/2014 08:37

Top of the movers!

Is that you closing your short Simon?

[knicol46] 13/3/2014 12:09

what happened to Express Dairies what was the outcome for shareholders?

[quepassa] 13/3/2014 12:04

The take-over of Express Dairies by Arla Foods some years ago taught me a lot.

That lesson may or may not be applicable to the end-game being played out at ABM.


ALL IMO. DYOR.
QP

[p@] 13/3/2014 09:13

70000 buys 5000 sells.

[elmfield] 12/3/2014 22:30

Sometimes you go against the trend, ain't always my friend.

[ochs] 12/3/2014 22:12

Gold has been creeping up in recent weeks though... is it too late to save ABM?

[buywell2] 12/3/2014 17:24

buywell2 27 Apr'13 - 08:16 - 604 of 1151 0 0 edit

dell1234 provided this link, thanks

hxxp://www.sharesmagazine.co.uk/news/albemarle-winded-on-gold-slump#.UXUSobU3s_w

It seems a decent write up of events re the share price V the price of GOLD

Bottom line is that there is MASSIVE competition now re buying/selling GOLD in the high street

The share price of A&B have been heavily geared towards GOLD

HOWEVER

The price of GOLD could still go a lot lower from where it now sits



Sub $1000 for example chartwise is not impossible

Such a drop would take this share to circa 90p or less

Wii Mr market take a -ve or +ve forward view of a GOLD drop re A&B ..... we will see

Thus far it seems the answer is -ve

[napoleon 14th] 12/3/2014 16:09

This time, I tend to agree with EK.

[simon cawkwell] 10/3/2014 10:37

Gentlemen,

In a sense I rule nothing out. But whoever might have thought it was a good wheeze to bid has had many months in which to do so. He has not.

Further, the banks will have to be settled and, surely, there is no chance of that.

Therefore it is cheerio to a return for current shareholders.

Simon Cawkwell

[p@] 10/3/2014 09:11

Simon-Why do you rule out EZ at this price ?

[simon cawkwell] 09/3/2014 10:38

Gentlemen,

I see Barclays and Lloyds (today's SunTimes) might give an extension to ABM beyond the end of March. I can't imagine why: both banks want out. And Fortress offers an exit route which will not necessarily be to hand in future.

Does Fortress want to retain the quotation? I doubt it - what would be the point? So, with the current bankers out, Fortress can see the main business hived down (to protect the tax losses) and the rest of the show put into liquidation. Fortress buys the business, such as it is, from the liquidator and recovers its loan.

This means that ABM ordinaries are worth zero. Therefore I remain short of ABM.

Simon Cawkwell, a.k.a. Evil Knievil

[simon templar qc] 17/2/2014 09:12

Can shareholders pawn their shares through the broker! LOL

[hvs] 16/2/2014 15:39

PAWN the the so called Board of Directors.

Then pay them off with the proceeds.

THE CITY LOVES THAT.

[napoleon 14th] 16/2/2014 14:44

I was in these ages ago, in the good old days....

Seems there's a market somewhere:



I hope for you guys that QP is right.
Sad ending in sight imo.

[achiaa] 10/2/2014 08:16

my buy and other buy are all showing on the trade as a sell

[alphahunter] 07/2/2014 08:11

HAT up 20% today, any news from ABM?