Member Info for AdenM

Come on, he must know. He's got rockets and everything.

Not for napthman1 it couldn't. He KNOWS.

Well done on taking a profit. Nobody ever calls the top correctly so ignore the naysayers.

I'm staying in, but it's not completely beyond the realms of possibility that a very good assay is reported tomorrow and the SP falls. Buy the rumour, sell the news and all that.

I'm not saying that's what will happen - as I say, I'm staying fully invested. But I'm honest enough to know that there are no guarantees in this game. Don't listen to those who "know". Even if the price doubles tomorrow, they didn't "know".

Zero chance X-Club.

I'll do you a deal: if we hit 15p today I'll disappear from the board forever. If we don't, you do.

Deal?

...is the signal to noise ratio gets exponentially worse.

i can't remember the exact words but didn't they say something to the effect of "we'd be bat**** crazy to even think about jving pepas"? so yeah, i got that impression :d

Not much that wasn't already known, really. I liked the presentation and I have high hopes for the next few months, but I didn't get up this morning expecting to see much movement.

7 minutes.

May the force be with you

I'd say it's the other way around; volume drives price. Lots of willing buyers, few willing sellers -> raise the price. And vice versa.

Sometimes a flat price is in their interest. If a large potential investor puts in a limit order at 8p, say, the price will tend to that level. Large volumes might cause an MM to move their quotes up a notch, but if that then exceeds the limit order, demand drops right off until they bring their offer back to 8p. This is only really a "thing" in small relatively illiquid shares of course, where one committed buyer (or seller) can almost monopolise the demand curve.

It's just very amusing when people start trotting out the old tropes like "they're holding it back!", "if they'd only let it go" etc etc. If a price is staying still it's because that's where the equilibrium point is between buyers and sellers, which maximises volume. Simple really, no need for conspiracy theories.

MMs couldn't give a toss whether / which way the share moves.

Is £1 possible? Perhaps. But I think it'd take an awful lot more exploration and proving first, which will need more cash - more than we'll get from the outstanding warrants. But even with an extra 100% dilution, or some form of equivalent JV, £1 would be very very tasty indeed.

"Anyone on this board that is concerned about another raise should not be investing here as you simply don't understand how things work. Of course one is going to happen at some point."

Absolutely. That's the whole point of being listed! Dilution is the unavoidable cost of moving forward, and is value-creating, not value-destroying. (As long as the stuff's in the ground, of course, but if we didn't think that we wouldn't be here.)

Rather low here, eh?

Ahhh it never takes long before all the MM conspiracy theories start coming out :D

I've just tried live buys and sells and am getting 7.63/7.75, for 10k shares. That's a bit wider than you are seeing but much narrower than at one point a couple of days ago when it was a full 0.5p difference.

My guess would be that we've seen the day's high, or close to it. Today's results were really nice to see - but they weren't really unexpected, especially with the mineralisation graphics that have been available for a few days on Twitter. Rattling around the 7.5-8.5 range seems likely. The large spread currently makes it look like there's movement when there isn't necessarily. I'd be delighted to be proved wrong (on the upside!) though.

Next week could be fun - will be interesting to see how Brad performs on Monday free of the controlling hand of you-know-who. A convincing performance from him and a positive PEP015 assay could make it a very Merry Christmas.

Yep, sure. I expect we'll get the assay results very soon. Just not today :) And I'd bet 50p that when we do, it's at 7am.

Well obviously AGMs aren't very common! But in 2022 for example there was an AGM on Dec 2nd. There was also a "Colombia update" RNS on Dec 2nd. At 7am.

I'm not saying this is definitive proof. Anything can happen. But it doesn't seem likely.

Of the 34 "Colombia update" RNSs in the history, all 34 have been at 7am.