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With regards to IG's client sentiment they state that 99% are long on THG.

The order book is being manipulated via AT trades with relatively small volume so larger ordinary trades can go through. I wonder who is behind this?

I wonder if GEMD is being worked on for a cheap takeover. Surely it's getting to that level where the likes of PDL may think they could offer an all share deal. There would be synergies and a lot of costs could be cut out. Just a thought.

The 80's will be a good base to attack 1 when the news drops which could come next week. Then onwards and upwards.

FOMO - Well traders won't want to be out over the weekend will they.

It's amazing how a share price can fall on relatively small volume and even more astonishing that the majority of sells are by non holders borrowing others stock.

This is being manipulated and no doubt we will see an offer here in the next few months.

They were buying them in the 50's not long ago so they must think that they are way oversold now.

I wonder who will start buying back first. The hedge fund shorting this or GEM. Let's hope it's GEM and they start big as I can't see the price remaining below 30 for long.

The news could come any day now and when it does I reckon this could test 1. Forget about cracking .72 that will be in the rear view mirror soon. Look through the wind screen and you will see a 1.

As shareholders we should put pressure on them Dave to do so.

The shareholders have suffered enough. It's time we had a reward. Let's face it the directors seem to do well and the Lesotho government. It's about time the shareholders benefited too. We are the risk takers not them. If they don't commence in the next week we should (as shareholders) put pressure on them to do so. The hedge funds will then foxtrot and good riddance.

The company got approval to purchase its own shares with a majority of 97%. I think they better get buying at these artificially low prices. They can start by using the proceeds from the 122ct.

If the directors believe in the company they should put their hands in their pockets and buy some shares rather than increasing their holding via performance shares. I think we should see a positive performance in the share price before they reward themselves this way.

I doubt the share price will get much cheaper so now is as good a time to commence. The cancelation by Petra is only for a few months and their share price has hardly dropped so the market doesn't seem that bothered. I would say that todays drop is more manipulation by a hedge fund.

Well the 122ct type II should add a little to the coffers. No doubt they will find some more biggies soon, they usually come around like London busses. Three big finds in a row would sort this share price out.

Well the clock is ticking, not too long to wait now for the news on the buyback. I hope they start straight away and knock the shorts for 6.

13.9M shares is a lot more than the last buyback. Wasn't that circa 1.5m?

That is encouraging Dave.

I can only assume that the current weakness is because the company is being shorted. Well it will be interesting to see what they do when GEM decides to buyback, as 10% is a decent amount. I would have thought the shorters will buy back before GEM go on their purchase spree.

I suppose that rests with China's demand at the end of the day. It would be welcome to see GEM pull out a really large one, having said that it would be preferential for them to buyback the shares first as a reduction of 10% would increase the eps a bit.

I think the purchase programme will be voted for especially given the low share price. The company will be able to buy up to 13.9m shares. I think this will be the best use of cash and should be a catalyst for an increase in the share price especially given the current daily volume.

MW have decreased their short to 0.44% as of the 30th May. It seems they are in a rush to close their short. I wonder what they know that we don't. The Bank of America note was to help facilitate someone. Is it a potential buyer, news on the EY report or was it merely put out to help hedge funds reduce. All should be revealed soon enough.

I totally agree Lav. He has done a sterling job and the patient will be rewarded. I picked a few more up today as the drilling results look good.

With regards to the delay it's not a big deal as some make out. Because of the stop date is for another month doesn't mean that we will have to wait another month. News could come next week. When it does it will probably test 1p.

Do any of you not realise that this case with Lynch could go on for years. I really can't see why it's of any significant relevance unless it's being used as a scare tactic.