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You mention further institutional investment. The problem is that so much of the company is now in ii hands that it would be very difficult for another institution to buy a meaningful stake in the market. And, if/when it comes to further new equity injections, I imagine first dibs will be given to existing iis. In any event, we don't really need any more iis, do we? The market needs a certain degree of liquidity, which is currently provided by us private individuals, and will be further reduced once our new investors are issued their shares. By the way, this is a nice problem to have and is unique in my experience of AIM.

Very useful comparison Xulu.

Thankfully not. I'm afraid I'm a very early riser these days.

Sterling.

marks the 3rd anniversary of my first purchase of BCN shares (@40.9p) On balance, I 'd say this week has been a pretty good anniversary present!

PP, it may surprise you to hear, but I agree with you!

just out of interest newboy, what made you decide to sell? Looking at the various trades this morning makes me wonder why anyone would sell just now. Most will not have made much money and it seems odd to walk away from one of the most exciting stories on the market at this stage.

Good timing newboy:-) Surly you're in profit on the remaining shares? In fact, everyone will be, to one degree or another. Even KDNC with their £1 shares.

MrC, yes, walking away from the Lenigas inspired stitch-up with Tesla was inspired. Crikey! what a truly crap deal that would have been. Re: purchases. I'm now regretting not buying more last week. I tried to buy a reasonable chunk first thing this morning, but with no joy. I want another 50k and then that's that. Obs, I reckon one more round, which will certainly include the iis and hopefully us.

MrC,get a grip:-) You've been here long enough to understand this company and what's involved. This isn't one of the pump and dump du jour stocks so beloved by people on these bbs.(look at those poor saps who bought PYC at 30p the other day) It's a proper job and value will out in due course.

3x100,000 purchases yesterday afternoon don't look dodgy at all, do they?

good to see you on here spikey. This bb is more sane that your normal hangout!

apparently he told someone on this board that the Hanwa off-take agreement was worthless (or words to that effect) This despite the fact they'd invested some solid cash. No doubt he'll be arguing that the latest deal is just window dressing as well. Probably best if he keeps his gob shut for a while.

by the way...what a week! Two stellar announcements and I became a grandfather for the first time. Think I'll buy a euro lottery ticket today.

They would have to have been asked, especially Hanwa. PS wouldn't risk pishing them off. Don't know about you, but I'm more excited about this than I was about the FS. I guess it's because I was expecting the FS to come in at about the level it did; but I most certainly wasn't expecting this. No wonder PS was smiling during that interview! He's never cracked a smile in his life before, so I can only speculate at how happy he is...and deservedly so. 3 years of waiting; 3 years of boredom;3 years of spreading the word and defending the cause. Worth every minute of it.

I'm not sure any of us were expecting this, at least at this stage. It's astonishing news. We now have circa $70m in the bank (how many other small miners can say that?) and this will make debt funding a piece of pish. Obviously, this was given approval by our existing ii's, including Hanwa, and suggests to me that they're keeping their powder dry for the next equity portion of the fund raise. To coin a phrase; I'm absolutely over the moon, as I guess are most of us.

that there have been more individual trades today than yesterday. News travels slowly.

stranger, I agree and having been saying for some time that Heads of Terms will exist somewhere.PS will not have been sitting on his hands. PP, as far as BR are concerned, they'll do what every institution does; if a good offer comes along, they'll take the profits, regardless of whatever asinine 'Mission Statement' they've adopted.

Because I believe BCN will have been sold by that point.

PP, good point.I suspect we'll never get to the point of production there, but it adds value to the overall portfolio.