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re: turlet: hardman-heritage-uganda Scorp, It was Lodge...

  1. 234 Posts.
    re: turlet: hardman-heritage-uganda Scorp, It was Lodge Partners.
    re: Mac Bank,
    They are heavy in the selling queue again today but I'm struggling to see past the small exposure of the HDRWMC's.
    Only 125,000 have traded since listing. It is quite possible that Mac Bank have a zero exposure, a zero net position, after buying and selling a few.
    But even if their total exposure 125,000 (and I understand the factor is 2:1), why load up 500,000 shares to sell at 59, not 65? Tomorrow is the last trading day.
    There must be another reason for the selling.
    It is entirely possible that they are selling to buy something else that has less risk/greater potential!
    Perhaps they are just taking a profit after buying low.
    Don't know.

    I am happy to hold because I think the company will be making announcements that will be positive more times than not over the next 6 months or so.
    I am a long term holder for the production and only fear a takeover that is pitched significantly lower than the long term value of the stock.
 
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