Member Info for addicknt

Love it! You really are worse than a wet weekend in Wales. Still, you make me laugh.

I should add I hope I don't come to regret this comment!

Is said about this share, there's no doubt the last few weeks have seen a level of interest and, dare I say it, excitement, that we haven't seen for a very long time.

It's good to feel as if we're on the front foot again.

Again, I agree with your last sentence.

Eloro, no, it most certainly isn't. It was one mis-step in an otherwise excellent interview, in which he clearly outlined what he's hoping to achieve and how he's going about it. He's in a different league to his predecessors. He's confident, eloquent and clear-sighted. One c0ck-up doesn't change my opinion. Sorry.

Another aspect to this is that Peel Hunt have a price target of 65p and I seem to recall Hanam are at roughly the same level. Now they've got a CEO saying he'd be happy with 23p. I wonder what they make of it.

If I were his advisor I'd be on the blower giving him a b0ll0cking.

Smick, I was simply using 50p as an example.

It's the first rule of corporate finance if you're selling a business - if at all possible never volunteer your price expectation at the outset.

Eish, let's hope so and he laid out a pretty convincing case of why there should be.

I think he was ill-advised to answer the question about an acceptable offer level. In fact, I can't see there's any upside to his answer.

If you were a buyer and you knew the CEO of the target company was prepared to accept something at that level, what would you do? You most certainly would start a negotiation at 50p, would you?

This was a mis-step in an otherwise really interesting interview.

One of the other interesting things was watching the number of thumbs-up indications rise. I've never seen so many for a Solg presentation. It must be all the new retail investors.

'84, yes, something is in the offing and given he talked so openly about short term funding, does that mean it's something else?

'84, the effect is the same. He can't buy. Mind you, blackout period has far more interesting implications.

He was very clear that they're estimating it will take two years to get all of the permits. This is not news, in as much as it appeared a while back in one of the documents.

The question is will interested parties wait that long, or will they take the risk and make their move beforehand? Indeed, can we wait that long? Do we really want to go through the annual cycle of fundraising again, particularly as there's always a risk we won't be successful and every fund raise comes at a cost.

Towards the end. He was asked if he's buying more and replied that he can't because he's in a closed period.

'84. He said he was. Is he wrong?

SM, yes, I was pretty surprised as well, particularly as he was bigging the thing up so comprehensively. It's not April 1st is it?

He'd accept 30 cents. I wouldn't.

"I'm in a closed period".

He also said that they're not currently looking to raise the 'big number'.

Eloro, yes, thanks for that.

Thanks, TI.