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Darren, in this instance, I think a very large bucket of salt is required.
I sincerely hope I'm wrong, but experience should teach us that whenever someone appears out of the blue on these boards claiming to have inside info, it's invariably a wind-up. If this chap really is in possession of such information, I'm not sure of the wisdom of broadcasting it on here.
We all know something's on the way and the recent speculation may force the company to reveal something. Let's hope it's of real significance and we see a long-lasting reversal of our fortunes. This board will be a lot happier place once everyone has greater confidence in their holdings.
Because there wouldn't be any shares to buy. I would have thought that was obvious. I suppose if the market didn't mark the shares at offer price there would be an arbitrage position, but I'm pretty sure directors can't do so.
Eloro, to be honest it's come as a bit of a shock.
I agree about about that Truffle bloke and why we've retained an adolescent to run our IR is beyond me. Maybe he's at junior school with one of Caldwell's kids?
Just scroll back. The first post from TheItalian contains the link to the YouTube interview. It's really worth listening to as it contains all sorts of interesting nuggets. In fact, it's the best interview I've ever heard from one of our CEOs. It also contains his very odd comment about 30 cents.
Q, so how do you account for the fact he specifically said we're not in the process of raising the project funding? I thought your mantra was always to believe what the company says.
What I most certainly accept is that he's said something to the government which has given them confidence in us. What that is, I've no idea.
The other thing to bear in mind is that he said $2bn was a lot of money for a small company like ours to raise. He's not wrong. He also said we are not in the process of raising the project funding, which is hardly surprising as there are still outstanding issues before we would be able to approach the market.