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@ Ophidian - just catching up and gave you tick up to the half century!
GLA
It's slightly odd to call this board the worst board. It's probably got one of the most consistent groups of well-researched shareholders on LSE. Ones that don't fade into nothingness at every rise and that have spent a great deal of time and effort sharing knowledge and constructing a 3rd party website that captures much of the content and information readily shared. How many other boards have that, how many have raised what this one has for charity?
I don't know why you would expect people to want to discuss the possibility of a placing that the CEO has rebuked or the fantastical idea of the SP being kept in a range for the JSE listing, when clearly both theories are nothing more than provocatively negative. Dressing your position up as being hard done by and not being welcomed because people don't just lap that nonsense up is ridiculous. Get over yourself.
But yeah, the worst board for sure.
get out of here with your spam
Gkb47 there is a very simple solution go forth.
Ok. Well, justify your stance. It has not been the preferred practice for our BOD who have kept dilution to an absolute minimum over the last 5 years. AND they very cleverly freed up money with debt facility to complete Vanchem acquisition at a thriftily reduced price. So not much in their past to support placing theories now.
it's a fantasy.....fantasy,,,,,fantasy.....antasy,,,tsy,,,y
There's no Placing.... placing....placing... acing....ing…..g
QED
Ophidian's post 35 recommends gkb47 1....just saying......
I filtered the tw.t long ago
Ophidian agree with what you say.
Proper de-ramp boll ocks wrapped in semi-intelligent language to sound like its factual.
Referring back to the title of this thread, we must be looking good for more rises in the V price overnight and another good day tomorrow.
@gkb47 - just because you missed your entry, there's no need to talk utter Bollux - I know you do it well and regularly but really c'mon a placing. That is so weak. If you're going to de-ramp please - we're so past this entry level bull, you must do better to stay on the team
Ophidian
Listening to FM on the proactive pod cast this morning, he said cash flows were healthy even with current V prices when asked about any need for an equity raise and kicked that suggestion into touch. As debt finance would always be the first option.
There have also been obvious attempts to trigger margin calls on spreadbets around 20-21p. This has happened twice now.
This has been a long term support level for some timw. Clearly we were shorted off the back of the 28.5p rise because of the endless focus on V prices, acquisitions or not. There was very little support until we reached this long term support level - more than likely because of the obvious selling, (tame, short or otherwise) and a feeling of being unable to turn the tide, until we reached the SP range that has long proven a good entry and support point. This support has arrived against a backdrop of a turning vanadium price and lo and behold we are showing signs of recovery. All juxtaposed with the 100% profit on placing shares Ophidian mentioned.
We don't need conspiracy theories.
@gkb47 So in your opinion. We are going to be diluted when the jse comes?
Seems a bit harsh of the bod if they did
@Squirty 21p is 100% profit on the 10p placing
Ophidian
As I said in my original post, I don't know why 21p has been earmarked - either why they want a specific level at all or why it is 21p rather than 25p or 30p or some other number (other than that's where they see most profit in the end). I don't think it is to do with JSE listing as that is too far off and they couldn't plan to hold it for 18 months or so if you assume the 21p plan started early this year. For a while I thought it may be to do with an assumption BMN would need to substantially dilute (their assumption not mine for the sake of clarity!), but even they must be able to see that's not likely now.
And by unlikely I mean absolutely no chance.
Still with these theories about the SP being held for the JSE listing...
The JSE listing has been pushed back. Has this valuation been agreed for all this time. Very very unlikely.
OOOOPS !
GLA
Praying*
beginerman - I don't know why they picked on this particular level, but it has been clear for many weeks now that the objective of the game has been to get and keep the share at around 21p. They've not wanted below that and have quickly squashed any rise much above that. The sells won't keep coming in the absence of large buying because that will drive the price below where they want it. The question is now whether they have much firepower or willpower left to resist new larger scale buying or whether we're at or close to the point where buyers find they are pushing against a now open door.