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''I actually take the fact that Joel has taken shares intend of salary as quite positive''
Me too Jamesiecake.
(And sundry others doing ditto too..)
Well we know how that all ended!
The Bard foresaw this "But screw your courage to the sticking place and we'll not fail"
We'll know at 4.30 how the market views this news. They'll chew it over with their lunch!
Thanks for all your views.
So may not be as concerning as I first thought.
What premium to market price were they issued before? Its still c60% premium to todays price and small in comparison to the other options they have. For me I see as positive - why now ? Also they took remuneration in shares which shows confidence in the SP increasing.
Nothing to do with expectations in my opinion, the premium is broadly the same as the 10p options so more likely just policy to issues options at 50-60% premium (round numbers on the option price)
I actually take the fact that Joel has taken shares intend of salary as quite positive
I regret to say you are probably right. Looks like a tidying up and clearing up the decks action before the 'big' announcement. Could be sooner than expected. Anxious? Yes I am!
Andrew - I just think it is down to the difference in the SP. It was over 6p when the last options were announced.
Here is a optimists view of it ... ! ... why now? Is this a reward to the team as the end game is in sight and the company wants to reward the team with options priced at this level BEFORE the SP takes off?
I don't think that is an unreasonable interpretation. Although if there is any standardization to incentives, it could also just be based on a certain amount above current share price. I'll check the price when the 10ps were awarded.
I'm not too sure how others interpret this but that does seem to imply CBs expectations are lower??
Exercise price now at 5p for this issue not 10p as before?
Am I reading that right?
What are others thoughts?
tbh if we don't get any news by end of the year, so about next 7 weeks, then I think it could go just below 3p
If we all believe the potential here then that should not be an issue. I would be very relaxed about that unless it had gone below 3p on negative news.
Going below 3p on no news because the impatient have left, it not an issue IMHO
Ill wait for 2
Andrew
I sincerely hope you mean 'if' and not 'when' :(
I've had many final, final top ups.
I suspect you, like me and many others, will be having a last ever final, final, final top-up if and when the ASK goes below 3p :)
And many, many more hopefully. I've celebrated it with a final, final top up at 3.10 as have reached my targeted holding. Showing as a sell so guessing the other early trades at 3.10 are probably buys.
Happy Birthday Colin,
Hope your day is filled with news .... of the good kind.
Impressive Andrew, what a fantastic opportunity to average down at under a penny. Do not envy that journey south though! Drives home the frustrations that the LTH’s often show.
Us newbs obviously haven’t helped at times, so respect where due
"Anyone beat north of 7.20?"
How about £1 (equivalent) SP just over 10 years ago.
I've managed to average down a coupe of times since then........
Lowest buy 0.7p (500k x 2)
Trio of big buys at 3.08 average.
What a great price! took a chunk of mine at 4p well over a year ago, with. Prior to those my highest trenche was at 7.20 which I was rather pleased with at the time as I felt the share price was going to run away into the distance. Hopefully will double my money on that one yay ;-)
Anyone beat north of 7.20?
Really well put Cygnus, agree too >> "and this led to disenchantment in the asset for those not fully up to speed."
There was a dependency to fully understand the association between RC and Ascot, it was the professionalism of the management team that plotted and put together the data necessary to have that geological understanding that is no doubt really important.
It’s not just about chasing grades
A reasonable impression, in my uninvited opinion.
Yes Cygnus. You have identified the nub of the problem:
"and this led to disenchantment in the asset for those not fully up to speed."
howezap, I think what may have killed the early enthusiasm is that a lot of holes and time were spent drilling between RC and Ascot. I think, from memory this was to do with trying to find a common source of both porphyries and to seal off the southern reaches of RC. Other than one very good gold seam, the source was not found but a lot of weak mineralisation assets were returned. I think this gave the impression that grades overall were not economic and this led to disenchantment in the asset for those not fully up to speed.