Member Info for AIMtodeath

Sorry to disprove your point but the 2 x 100k are sells. Live spread is 8.41 to 8.475

The Alara effect is definitely wearing off..... We need our own news now.

Woah. MMs doing as they please..... Its all very weird indeed. It must have been worked over a few days, because yesterday and today there has been more buys than sells and they were really pulling the buy price down to get more buys perhaps to warrant taking that sell. Makes sense the two 250ks yesterday not affecting the price much. Strangely though that they would still push the sell price up today as high as 8.51p if they had taken on 934k. Its all great consolidation however that sells can be traded out but hold our new position. The more that gets sold out the less to sell on the next move. I am very aware though that there are probably plenty of people sat from less than 2p that could easily have millions not 100ks so as it rises they think nothing of letting go of 100 or 250k slice whereas it is a pretty tidy buy now. The news to flow will give us the buy liquidity to absorb those with mountains to sell on rises. That is why consolidation is good for future support. If it moves too quickly sells do not get time to move on so you hit a top and everyone dumps, better to take the stairs than elevator.

The reason there was no buy showing I think is that not only were they putting up the bid they had the ask very tight to the bid, so if you were trying to collect shares for a buyer you would want to dissuade other buyers not drop the ask until at one point 50k shares could be sold for 8.51p and 50k bought for 8.4975p!!! Why not go to UT to clear out the stock. If you look at the 10k shares at 8.51p that was actually a sell. Just after that they moved the live bid to 8.42p and then the ask to 8.475p. All a bit wierd. All I can see is they seem to want to pick up sells happily but equally had the buy pretty darn low to perhaps encourage some buying to get forward traction again. Strangely enough the 250k sell was reversed late in the day. Perhaps to get people to part with shares early on, but without a slap on the wrists they can just reverse it. Taking the 250k out of the sells leaves a pretty healthy buy day but yet no price movement, I think we have run out of upward steam until news drops, but they have to keep the bid up to attract sellers to balance the buys that are still happy to collect at around 8.5p Just ramblings....

Of what they publically have announced in Oman news - http://www.omanobserver.om/new-phase-of-copper-mining-set-to-take-off-in-the-sultanate/ quote - Early works have commenced at the sites of three commercially significant copper mines that have the potential to ignite a new phase of copper mining in the Sultanate. Alara has one mine and SAV has two...makes the 3 talked about. TICK TOCK Smelter might be seen as useful now if Vendanta smelter stays closed in India.

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152,463 and 52,463 Now see the late reported extra 100k to match these up correctly. There will be no buy later, these were swapping trades of some kind and all came in pairs.

I think an RNS is all the market needs to see. Benchmark minerals presentation and mining journal presentation towards the end of June in London. Alara delayed? An over the weekend AUS$ to Omani rial taking a few days seems normal to me.

like matching trades, as they have all been in pairs......

The total ISA is irrelevant its the amount you can bring in this year from outside is 20k. Otherwise you would be talkin about an ISA move, but that would not show as 2 transactions.

8.468 sell 8.5 buy! However 150k take the buy to 8.59

If they are happy to take them at that price they must have a buyer.....MMs are not dumb....

Bed and Isas always seem to appear as 2 sells, because you sell first then get a tight buy price.

Another recovery day! Always eager beavers on that BID.

You would get punished for trying to buy 500k in one. The price is what is confusing, the idea of the sell was at the market buy price and the buy rose after. If you want 250k now in one hit its 8.68 and they will take a full 250k at 8.42 So a little stronger to the buy side for now.

Still 8.42 to 8.5

Problem with last update is that it brought the drilling results almost up to current drills (78 of 81 holes Grandao), so for any meaningful release we need not only more holes in the ground but then wait for the results to come back. So a month of drilling and then up to a month to get results. At best I might see Grandao sub vertical appear with the scoping study but not sure an additional 10-15 holes on Grandao or the 6 on Pin would have results back yet. Certainly if Pin is not great then its going to have to be sunk with other news. Given there is already a 12m hole at 1.24% lets hope that is indictative of what is to come. At worst case it might be a NOA in size, if it can get anywhere up to 5Mt fully drilled then it would be a success. Grandao JORC was for 70 holes, holes 71 to 78 were all pretty bang tidy... if they can add 15 to the 81 that would make 26 holes to base another JORC on plus the exploration target in Grandao vertical. I'd go for holes 78 to 90 results, 6 on Pin mid June and possible JORC end of June. However I am not sure they need to JORC anymore for the time being, its got enough now and drill results can be correlated to make an assumption on further JORC expansion. Just don't think they will be in a hurry to break the next threshold unless they can smash it to 20Mt. I also think they will do the exploration target drilling on Res first too before another JORC.

You get your licence before that. That would be just a show after the fact. Read the company structure, that will tell you whom is in Oman.

One would like to think so..... Excitment hoped that it would mirror the Alara timetable, but as I alluded to, there are many different factors surrounding our mine that would involve much different discussions. We may need final claification on the TSF. This is instrumental in cost minimising across the 2 licences so worth the wait to get it authorised. It was cleared in principle subject to further studies, I don't recall seeing any new info on the final submission of that to MECA. I don't think the ministry would have finalised unless the rest of the process was agreeable to continue, given the Omaniis have published news on the progression too. We could do with something positive from any angle to keep pressure on the SP climb and have a justification for it. The news to come from either licence or scoping study has a very high chance of being completely positive and therefore value adding......its the time from expectation to actually getting the news. We had been given a glimmer of a fast scoping study, but it does have the full Q to run as per timetable and Oman dragging on without news will start to feel like dejavu for some.

I'm sure the 141k was a buy this morning but they have managed to drop both the bid and ask today. Look at EMH, they dropped it 4.5% on open with no reason, then with one sell dropped the ask somemore to show a 7% down day with a small buy and smallish sell. We had 2 days of rise, a peak on day 2, and 2 days pull back to start of second day, then repeated.....will the same hold true from tomorrow, 2 days of rises.....haha, clutching at straws here.