I have suspected ZJ is working with M&M given the shorts and T/O...

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Goldmine88

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29/02/24

16:47

Post #: 72676316
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Originally posted by Gwaihir: ↑

I'm also not sure now that the takeover offer is genuine, there may be some other plan in operation here by Zhaojin, and if so, why don't they just say so in one announcement, that it's extended to 31 Dec, 2024, that would sure get everybody laughing, the longest time frame extension via a single announcement in history. At the moment, I reckon they've programmed an extension auto-alert that's going to come out every month, boring, but consistent. M&M may have offloaded a couple of those borrowed shares today, it looks like they're getting warmed up, probably waiting for the quarterly production figures in mid April. Zhaojin may also pick up a few more then, though I don't think they'd be working with M&M. This is going to be an interesting year of manipulations and fluctuations I think. And I really don't have a clue what's going on behind the scenes because there are a lot of actors involved now, which is probably only going to increase the volatility somewhat eventually over the course of the year. However, I do know that the stock is worth far more than 58 cents, and depending on AISC, and production figures, maybe even as much as double that.

Gw

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I have suspected ZJ is working with M&M given the shorts and T/O timing, would you mind sharing why you think they maybe not ?

TIE Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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