You can bet your boots MMs are presently sitting on a plus 400M short position. They will need to walk it down sometime soon. The golden rule to investing is not to chase an sp up. Wait for MMs to widen spread and then walk it down to close their shorts.
Real mess with Yan and Colin still settling in and loads of paper work still to do. Its can take a very long time to get anything positive and as you are aware Colin is slow on the news likely because there isn't any and that could be because he is a busy man.
He is a one for raising cash into the higher sp so we should wait for that any time soon.
I would think an investor with your experience can find lots of stuff with more promise
Thanks for that Pie314, the idea of punting a couple of tenners on this seems tempting (though given the manner in which Jan Nelson has presided over the this company and the state he has left it in, the wholly justifiable lack of positive sentiment (including myself), the uncertainty of what's coming next, the stats of AIM companies in general, and the time I'd have to get out before everyone else, I'm still not yet convinced the reward beats the risk.)
Certainly a tougher choice today than it was last week though.
Good idea for research on this. Starting point is the website:
Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and in the Middle East. He has been the prime mover in a number of public listings in the UK, Canada and South African and is currently Chief Executive Officer of Tiger Resource Finance PLC, AIM quoted Galileo Resources PLCA and Non-Executive Chairman of Jubilee Platinum PLC.
He has been responsible for founding a number of PLC’s which have achieved mid-cap status and was the founder of Kiwara PLC which discovered the large copper project Kalumbila currently being developed by First Quantum Minerals Ltd. a US$ 11 billion quoted company.
Colin was appointed Executive Chairman during August 2016.
Gotta admit, given the honesty of the last few RNSs, the change of management and direction, it looks tempting for a cheeky short term trade here; is there anyone out there who knows what is Colin Bird's past performance wrt placings (i.e. is he renowned for issuing placings into rises?)
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