Tungsten Share Discussion Threads

[bs76] 20/3/2016 22:15

Tomorrow we should short squeeze but offer price between 80p and 120p is 50% to 100% rise. It will be interesting with 10.5m stocks on loan. And it might play out like plus500 which had offer of 400p and now it's 630p.

[bs76] 20/3/2016 22:12

I think Edi had enough of market manipulation after last weeks fall. More than 25% of market cap gone on no news and low volume. He might have thought that clear strategy in capital market day will put a line under this but it clearly hasn't. Let's guess the offer price. I will say 1.20

[manics] 20/3/2016 21:49

A share price is not the absolute value of a company. It's a reflection of sentiment toward the company's immediate and future prospects.k3vmc has it right on the LSE thread. Edi will underwrite TUNG with whatever bid he places, but will he take the opportunity to show the market how wrong it is and run with us longs, or exploit current sentiment to try and stuff us?We know he can be ruthless, though his reputation's on the line here imo.It was Edi that meant the IPO got away. It was Edi that got Odey in to 19%. It was Edi that got me invested.

[k3vmc] 20/3/2016 21:28

Someone has something they don't want to sell.

Someone else wants to buy it.

What does that do to the price?

[manics] 20/3/2016 20:27

bwakem: two ways look at it.Price action suggests market expects a lowball.JP closing suggests they expect higher than when they started to ramp closing at approx. 75p.10.5 hours wait.

[manics] 20/3/2016 20:24

Edi needs 75% of the vote. He needs more than he and Odey (who sits at 150p) to make it work. With cash to profitability and a £30m buffer when we arrive at it, TUNG is a long way from disaster -so who would vote sell out at these levels?? We're not drowning in debt and pension deficits to warrant a low ball.Taking the medium term view, Truell clearly believes the business will succeed and has value, because he wants own it. So why should shareholders give this growth business up just 1 year from profitability..?

[bwakem] 20/3/2016 20:18

Looking at the price action leading up to this weekend, I would suggest this is not necessarily good news for shareholders.

[corrientes] 20/3/2016 20:02

Have the bar stewards done it yet again ? Force the price down to buy on the cheap.

Corruption as usual.

[manics] 20/3/2016 19:25

Nearly coughed up dinner.Rick said "not for sale" at the capital markets day. To what extent does that include Truell?He'll need support to win. Though he has a confidence. The City knew and JP are clearly expecting a bid higher than perhaps 80p as they started closing their short.More news at 7am.

[dollarzpounds] 20/3/2016 19:04

ATTTENTION ALL - TRUELL BIDDING FOR TUNGSTEN !!!!! WTF????!

[chemistdude] 20/3/2016 19:04

Seriously what the hell is going on?

[dollarzpounds] 20/3/2016 18:58

TRUELL TRYING TO ACQUIRE TUNGSTEN !!!!!

[manics] 18/3/2016 17:08

..or the new guy wants another 5 days holiday and a company Bentley.

[pshevlin] 18/3/2016 16:50

You can sell now from a trading account and buy back anytime in an ISA. You don't have to wait. More likely we are just being messed around with to get the share price down and let more IIs in.

[chemistdude] 18/3/2016 16:39

The sell volume hasn't even been that massive?!? Marketcap reduced by 1/3 in a matter of weeks.

Hopefully Bed and Breakfasting ISA's. Selling now to rebuy April 6th or is that wishful thinking?

[edwardt] 18/3/2016 16:28

well shorters closing and price does down , only makes sense in that momentum private investors are bailing /using losses for tax purposes. for me no reason to sell at this juncture!

[dollarzpounds] 18/3/2016 16:26

Will we EVER get a nice surprise instead of nasty ones from this share ?!??? Just ONCE PLEASE!! ?

[manics] 18/3/2016 16:15

I too had hoped TUNG's stomach was finally emptied -yet the puking continues.

[chemistdude] 18/3/2016 16:09

I thought we'd drawn a line in the sand and seen the end of these shenanigans.

[edwardt] 18/3/2016 15:30

time for a top up??

[dollarzpounds] 18/3/2016 08:52

Cheers bs76