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Member Info for Coldfeet


Member Since: Thu, 13th Nov 2008

Number of Share Chat Posts (all time): 1,548
Number of Share Chat Posts (last 30 days): 3

Last Posted: Sun 23:52


Post Distribution over the last 30 days




21 Apr '13


For JB to exercise his options that confirms, to me, that BAO were not aware of any price-sensitive info. Whilst BAO can comment that the 2/4Mta figures are good, very good, mind-blowing etc. this is a company view that will hopefully be supported by an independent report that the Market will consider when released.

JB can sell the shares obtained following exercise if again, at that time, he was not aware of any price-sensitive info however I would point out that there are no RNS' confirming any of the directors have sold shares, other than to cover tax liabilities following the exercise of options, i.e. as JD did in January 2012.

The impression I get is the directors are stocking up on shares via options when they can.

If an RNS is released where a director sells shares and no genuine reason is given for that sale then that would suggest that all is not well at BAO.

If BAO were in possession of an independent report containing price-sensitive info then JB would not have been allowed to exercise his options, regardless as to what he intended doing with them, as this is defined as dealing in BAO securities.

BAO will always have a "rough" idea but inside information must be of a precise nature with some certainty to it.

ATB
21 Apr '13


Morning all,

Traderton/Pelaries are correct.

JB cannot deal during a close period. When the options were agreed is irrelevant. The expiry period was very close (30/06/13) and a sequence of sensitive information may have effectively locked him out of exercising these options so it makes ultimate sense for him to exercise the options now.

My own opinion is that May and June will be interesting months.

Please refer to the two links, pages19/20 of the Allenby Capital specifically define the meaning of "close period" and "deal".

http://www.makingaimeasier.com/continuing%20obligations.aspx

http://www.allenbycapital.com/media/continuing_responsibilities.pdf

ATB
2 Apr '13


Evening seanywauny,

I nearly spat out my drink when I read that paragraph.

We all know that Jindal have expressed an interest in a steel industry in Moz in the past, September 2012 from memory, but now this is really beginning to tie in with JSPL dumping AFF a short while ago.

I know of one explorer evaluating an iron ore project in Moz with a PFS supporting a very economic way of producing hot iron that is begging for a few integrated steel mills.

I just can't recall the name...!!!

ATB
2 Apr '13


No worries, we were all new once.

II is the Interactive Investor board, sometimes referred to as Triple I.

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ABAO.L&it=le&submitted=1

ATB
2 Apr '13


Evening all,

Post occasionally on LSE (prefer the II board for ease of use).

I think this report is very important so have cross-posted.

http://www.bus-ex.com/article/jspl-mozambique-minerais-limitada

Be lucky.


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