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same I topped up at 3p, dont think anyone could buy at 1p as share price never touched it, its just the quote he got for selling all his shares which was not a good one lol
Have done a nice profit already....
How come the value he sold at was only 1p, also why no RNS? Been in here about 2 year now, about time I saw some movement.
I can only assume that was the director sale !! I take it he left on a bad note!!
32,353,998 ..million sold at 1
I think they're still adding let's see!
Taken from advfn As a point of information this is a BVI company and its Articles of Association preclude compliance with UK stock exchange listing requirements. Secondly the UK Takeover Rules do not apply to such a foreign entity on AIM. But the stake taken by Panetta Partners suggests the company will be the subject of a reverse takeover. Who is behind Panetta you may ask and how did it come by its stake? Well the majority of its stake is likely to have come from Brad Mills who resigned from the board a week ago. If you bother to look at the company website you will see that he, along with his Plinium vehicle, controlled over 22% of the shares. The man behind Panetta is Gabrielli Cerrone who is the chairman of Tizianna Life Sciences. I am not an insider but common sense suggests he may use WAFM for biotech interests. In its last published presentation (Feb 2016) WAFM revealed it had $5 million in cash - probably 20% lower now - and no doubt can sell its iron ore interests for a few million more (to Mr Mills I wonder). In any event, if I am right, the shares look like they should motor and I am surprised there has not been more reaction to last week's announcement, though made at 5 o'clock on election day, and of course there are few retail punters left in the stock. Clever dicks might climb aboard but it may take time before all is revealed. Still at the current price there is little downside. The shares touched 5p in February.
Can someone find out if BVI companioes are subject to the same Takeover rules as UK registered cos? I am in the wrong time zone until mid week.
Hopefully GL all tomorrow
I am in for some more here this week....
Its not too late!!
Indeed, wish I had invested more here now
22% up
Director leaving now we have holdings over 30% something is happening for sure....
The RNS after hours last night says that their holding has gone over 30%. Does this not trigger a bid or have I missed something?
I have long considered Mills a charlatan in his chosen area of expertise. All blow and no show. Good riddance to him.
Yeh.. not even a thank you for his services..
Strange rns this.
You can sell in volume just over 3.4p so imho we have a buyer after last weeks rns.
I would have thought more would have picked these up on the potential here....I wonder if this will get a mention anywhere over the weekend?
NPV10 of US$262-292m* = median NPV $277m / 1.28 = £216m / 381m shares 57p NPV/ share
And some buying action!!!! Well done those holding here!
Scoping studies are out and they read nice to me!!
Of any sellers and trying to discourage any buying with that spread! Bring on the scoping results my pf could do with a nice bagger boost!!
Hopefully the next rns will get people interested again.