BTR 2.04% 2.5¢ brightstar resources limited

News: Blackthorn to have 100% of Mumbwa after BHP, page-3

  1. 4,298 Posts.
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    re: News: Blackthorn to have 100% of Mumbwa a... Somehow everything looks somehow neboulous to me.

    a) directors buying just weeks before BHP withdraws from Mumbwa. I guess this should be a rather positive signal to the market. Impact: no worth mentionable reaction

    b) Glencore buying 13 % for strategic reasong with a 20 % premium. Well..the premium is still there and the SP is still in the lower 50s. Impact: market obviously doesn't care or only as a short term reaction.

    c) recent company presentation. Fine. Nothing really new or exciting. Was shown to european investors (to who ?). Impact: none

    So what is going on here ? Just nothing or just a lot but everything to a large extent behind the curtains ?

    I am meanwhile really a little bit puzzled....seems that I am not the only one.

    As a shareholder I would like to receive a little bit more of background information (e.g. why BHP has really withdray or why Scott is still soooo postive for Mumbwa). In one word: a little bit more fantasy to stir the pot a little bit....food for our imagination...and if possible not only ours but also the imagination of the market. At the moment the whole story is as exciting as a hole in a swiss cheese. A lot of stories out there with less fundamental flesh on the bones but with a feelable presence in the market.

 
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