London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Aye Michu - you could be putting the correct spin on it. Clearly it was ambiguous comment. Either knowingly or not. The web we weave in order to deceive, eh?
I might have got my consolidation ratio wrong btw. Been quite a while back (2 years ago??), I've forgotten exactly what it was. Claimed at the time to be done to stimulate the share price if memory serves me right though. Fat chance!!!
I hear you madsktpan.. but I took that to mean any around that time.. as he'd notified of selling some down previously..
My guess is that JWH has had a view for a fair while now that this co. won't be sold unless /until 2m plus OZ of gold is proven up and so he's not seeing it as a potentially dumb play to sell some last year or this.. as it will likely be later 2022 or more likely even 2023 before this company might be sold.. and one way or another, he has been thinking for a pretty long time now that this will be range bound - eg 25p to 40p -for a - very - good while because of that... and if that were the case he has been very right for a fairly long time so far :-)
I'm with AM90 in JWH selling some.. really disappointing that... as he did plenty of intermittent selling a fair while back .. and then someone here said they had it on good authority that he'd stopped.. he stopped for a while but is back selling now.. and here's hoping it's not another 500k in a month or two's time.. etc..
I think Bill Humphries said in recent interview that 'penny' flippers of a while back placement - not most recent one - who were in the money were the problem here in recent months.. well it's more complicated than that imho Bill .. and has been previously when you said the same thing too.... obviously more buying will help.. but it's not as though there's little to no buying.. there's constantly some buying .. but there's constantly selling to match and/or more still.. if buying did pick up somewhat would the selling to match pick up somewhat too.. as I've said previously, my guess is maybe, alas..
Playingtheodds - that is the total number of shares in the company. They have increased slightly because of the warrants. He deffo sold 500k.
Yeah, I also get confused with the international notifications and the timings, do they only have to notify if they break a 5 block.. Eg.. From 13% to 9%.... But would not have to notify from 13% to 11%? Or am I reading this wrong?
Really doesn’t help that they don’t notify timely. For UK it’s next working day and non uk issuer it’s within 5 working days.
International TR1 notifications are 5% as opposed to 3%
From FCA handbook....DTR 5.1.2 sub para 1
“(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R“
Pretty sure he has sold a small amount (500k) - indeed there was a 500k trade on the 29th at 28p. He was at 10.05% as of the 9th June according to the annual report. The numbers all make sense. He has declared it now, so wont be selling any more in the near future at least. Looks like some form of top slice, not overly uncommon for major shareholders, especially that he has a load of warrants as well. That said, the timing is a little odd, he may have just seen the super high volume last week as a good way to sell a few.
He was not the only seller last week, pretty sure one of the cannacord funds sold out last week few last week, one can tell because the big 1.5 million trade ended in 61,167 the same as their holding (literally a 1 in 99,999 chance that it wasnt them), it was the Nano cap growth fund. We may or may not see a TR-1 for them because they are Canadian and there are different rules for them, or it may pop up later. Equally there was also a big buyer, not certain if they are over the declarable limit, but not impossible to see a TR-1 from them as all.
Not sure the holdings RNS made sense, probably not completed correctly?
It shows that JWH crossed the whole % threshold, (set above 3% for UK issuer in accordance with the DTR rules) so a TR1 was issued for going from above 10% to below 10%. Whole % crossing. Yep all good.
The box “An event changing the breakdown of voting rights” has an X. Ok so the recent event is the placing.
Then when you look at the crossing date it is 29/7/21???
I mean what is all that about. Wasn’t the full listing completed 2 March, so that should surely be the crossing date as that is when the dilution of extra shares would take them below 10%.
Either the TR1 is wrong, not for the first time, or I am really missing another RNS!
RIO TINTO COMMITS $2.4BN TO ARRIVE AT LITHIUM’S MAIN STAGE 27th July 2021 Lithium Rio Tinto has committed $2.4bn to take its Jadar lithium project in Serbia to full production of 58,000 tonnes of lithium carbonate by 2029, as it targets entry into the lithium market and the energy storage revolution. One of the world’s biggest miners and commodity players will evolve into a chemical producer to make battery grade lithium carbonate from an entirely new mineral source, jadarite, for which it will build an underground mine. It will also produce nearly three times as much boron and five times as much sodium as part of the process. Rio Tinto expects the first saleable production of lithium carbonate to be in 2026 with a ramp up to full production by 2029. It has targeted an initial mine life of 2.3m tonnes of lithium carbonate over 40 years and the company explained it was still awaiting all the “necessary permits”. “This is a significant moment for the lithium industry,” said Benchmark’s Managing Director, Simon Moores. “It marks the first time big outside money from a single miner or chemical maker has entered lithium and invested in an entirely new source.” “While expectation is that Rio Tinto will produce lithium carbonate at a run rate of 58,000 tonnes at full production, the strategy is usually more aggressive once proof of production is achieved and the product is accepted by battery and EV makers,” he added. Benchmark’s Product Director, Andrew Miller added: “Commercialising the new technology required to progress the Jadar project will take time, but its potential scale could put it amongst the largest single lithium production sites globally by the end of the decade.”