Member Info for Alan-by-the-sea

£5k late morning and £3k on t'other (NEX) exchange at lunchtime, quiet but happy to be that way, cheers if any of you are behind them! Only possible probably because of some cheap stock with the market makers yesterday afternoon, that made me a little paranoid after the Wednesday over-brief blunt morning interventions and my own pointers at balanced longer coverage for anyone interested. The press article when provided was actually positive on BRD in a dull world market. But then if BRD had sky-rocketed I wouldn't be buying, not my style! Last day of August trading tomorrow, fingers and toes crossed.....September also brings dividends from huge-PLC land to spend, reward for this ever-changing game and decades of 55-hour weeks :-)

Analysts' target price still 126p at present, good luck from a non-holder who can see the interest.
https://investing.thisismoney.co.uk/news/article/id/6565292/

Homeserve PLC HSV UBS Buy 1,142.50 (15 minutes ago)
1,088.00 (price when issued)
1,050.00 (previous target)
1,350.00 (new target)
Upgrades

Good luck from non-holder.

Ned, not sure if I should enrol you for Betrand Mills, Billy Smart, Radio 5 Live or the Poetry Society with that lot, but cheers for the irrepressible optimism.... Get well soon and say hello to Larnaca for me, I have happier recall of exotic ex-partner Nina than the beach, there was a February torrent & the drivers didn't know how to cope :-)

Good luck from a non-holder, and well done to the company for getting off the second-largest AIM float of 2019 by market cap. Excellent area to be in IMO, capacity issues favourable, benefits from construction and housing without some of their obvious downsides. Not at the top of a cylical peak either. I hope the lack of liquidity (ie unwanted market spread) doesn't occur later, it spoiled MBH when I looked at it. I may also take some easier IBST.L sometime in the future if the value there continues.

Indeed Shaddam and perhaps of interest - thanks - but you devalue your own facts and opinion by adding the emotional comment on the end, we're adult enough to form our own, share trading at A40.ASX was suspended earlier on 14 August. Consolidation in the industry is inevitable and an Australian explorer trading with two different names on ASX from December may or may not have parallels, I don't have the time, interest or expertise - as you perhaps do - to work what could have been done different, or what we can learn from it. Glad that the employees should continue under Galaxy Resources which actually produces in that fine country. Nor is the Steve Z connection obvious to those of us with less passion, but McNamara, Calderwood, Turner, Vassie, Xie, Guan, and Fai are.

I appreciate that you may have suffered already as nearly all of us have, and are trying to assist us deal with a market judged by short-time Li pricing (mainly?), resources/techniques, cash resources/burn, and Mr Aylward's far from ideal communications as geologist, but my 4.2m holding may well be held to better times in 2021+ and the Norwegian megafactories in production and similar without doubt in China. It's 1.1% of portfolio and I know the risk/reward profile, thanks. But please try and find us some good news occasionally :-)

Eden Research plc EDEN Cenkos Buy 9.75 9.75 - - Initiates/Starts
Good luck from a non-holder.....

Very interesting midnight analysis Sxxswe, seems almost like algorithmic trading (also called automated trading or algo-trading) but with an O marker for Ordinary instead of an A marker on the trading codes here (N and AT flags on the London Stock Exchange). As you say, the buys and sells to and from market makers are almost impossible to sort in reality. Obviously if done manually then an O marker could be used if fixed fees in the market make it economical. Doing things this way permits best prices right through the day, week or month - to be obtained at the true market average and larger quantities to be bought or sold without anyone knowing outside of those covered in arrears by the RNS notifications. I am not aware of any broker that offers anything like that to private investors though it would be a tremendous innovation if available and would defer to anyone knowing better. Hopefully an August buyer though!

Covered briefly here already on 10 August (and first recommendation added from me) but as a KOD holder only (at least for lithium) the article in the link below knocked me out. You're not alone, the misery of your chart is shared by the other lithium producers and explorers as well, I think deeper down we know the long-term factors but scientific reassurance is still, well, reassuring..... even when we know the megafactories planned and under construction. But - human nature being what it is - that can end up a bit lost when seeing short-term pricing concerns day-to-day. There is actually probably more money to be made now for those who can hold on a medium- to longer-term timescale, than trying to time momentum buys from 2020, the professionals are adapted to doing that, and you'll hopefully see your rewards then. Good luck from your industry investor elsewhere.
https://www.benchmarkminerals.com/lithiums-price-paradox/

But not for a week, scattered thunderstorms till next Thursday, but hopefully not in the share price :-) Good luck from a non-holder.

Appreciated unKwn of course - complex game where one is always learning - but also thanks Graham-W, that's more like it with pointers to sources (but not the insult, passionate shareholders will inevitably emphasise the positive, it has always been so). Please keep us up to speed with the regional competition if you wish and have the time. I can probably find the link if you wish as I read it a few weeks ago when released, indeed I was a De Beers shareholder with certificates decades ago before formal AAL.L takeover, and lived in ZA for six months even earlier, and have briefly seen Kimberley.

Many here will also be aware that releases of Petra Diamonds PDL.L around the same time - link at the end - are also cautionary on the wider market, hence - at the risk of boredom - my earlier commentary on 31 July "....as they [currency rates] inter-relate also to the strength of diamond demand around the world, where the quality of BRD's best output has shielded it from the market pressures seen at two their mass-production competitors, judging from the presentation. (Put simply, rich people are still willing to pay for quality)"

https://www.petradiamonds.com/wp-content/uploads/19-07-22-RIS-FY-2019-Trading-Update-and-FY-2020-Guidance-FINAL-4.pdf
https://www.petradiamonds.com/investors/results-reports/

Thanks zapsnap, I respect a contrary view when explained with the personal reasons or links/evidence and not just wild repeat negative assertions occasionally reappearing, it also helps explain opportunities that I can't otherwise explain. Wild positive assertions by contrast are people's hopes & aspirations and part of a bulletin board to be taken with the proverbial pinch of salt! Like others in the thread, I cannot understand time devotion by anyone sold out ages ago and moved on, life's too short - even when I sell a share I want the buyer to be successful, a good motto is always give your buyer a few pence as well, it's not a zero sum game like most CFDs & currency trading.

However I can also understand and empathise with the disillusionment of loyal holders who see their hard-earned savings from salary and gains whittled away on paper for ages - action has been taken here IMO but it will still take time to prove which is essentially the consensus opinion on the thread. At a macro level the serious money probably won't start until the confidence via 1 year and 3 month graphs changing definitively, and that can only be results-based, probably not RNS-based unless exceptional again.

For transparency since I like facts, this my largest and most confident AIM holding but AIM only occupies 6-7% of a theoretically safer portfolio, I'm a medium to medium-large holder with 0.32% of the company and plenty of experience of past wider misery and joy. My main BRD investment is the middle of the current market-maker's spread and the top-up which I documented here is just above and may be added-to from ISA dividends if the current price lasts into September. So fortunately I'm without the baggage of the worst experiences of members here, so hope to share in some paper gains to balance the wider pluses and minuses that I write about, visible via my name. Genuinely good luck and peace all.

https://moneyweek.com/512806/adventurous-investors-should-head-for-the-frontier-in-georgia/

Essentially (rare) coverage of CGEO but in passing backs up my investment case and touches on the risk/reward for BGEO as well, even after the rise since last writing still plenty of scope for re-rating, ironically the quality of earnings and margins remain much better than its British-orientated counterparts, value will out in the end.

Agreed
https://moneyweek.com/512806/adventurous-investors-should-head-for-the-frontier-in-georgia/

Seems to go up and down on macro issues such as exchange rate, some weak holders also from the BGEO split a year ago. Bear in mind that the company (like the country) is growing and our shareholder remuneration is in buybacks not cash, should work well in the end as earnings will be spread over fewer shares. I averaged down a few months ago at £9.90 or so, bear in mind - I didn't - that liquidity is poor at the start of UK trading so spread is sometimes wider.

Only fun wild speculation - needed for KOD - compared to Daz's excellent firm news for all Mali miners and their beleaguered supporters (thanks). The Topsheen Shipping Nanjing Company's vessel berthed on 22nd so perhaps space for our precious cargo during our 3-day weekend? Sailing under the Hong Kong flag, she hasn't been back to Tianjin for over two months though.

Planned destinations from the port authorities used to be freely available but that's gone with automation, unless anyone knows better. Unlike the journos quoting similar, I give you my ship positioning data.....
https://www.myshiptracking.com/vessels/tong-da-mmsi-477157600-imo-9767857
https://www.marinetraffic.com/en/ais/details/ships/shipid:5393689/mmsi:477157600/imo:9767857/vessel:TONG_DA

Admirably summarises my own experience from adding over several years for the same reason as Mr Oscroft, and yes the last was this summer at 410p with dividend, to make up for a small sale 10p higher. I will not buy UK banks after being burned in the past, my financial holdings, quite large in percentage terms are AV., BGEO and CGEO with former holdings LGEN still on the watch list, and more vaguely PRU.
https://uk.finance.yahoo.com/news/just-low-aviva-share-price-145138077.html

SandMan, all links are removed for 24 hours for a newbie, they should show if harmless after that time. I was aware of this Berenberg detail from general reading today even though I don't hold the share. HTH

Metallurgical test programmes undertaken as part of the Company’s feasibility assessment to be utilised for design [of] the proposed process flowsheet. The Company-commissioned Independent Metallurgical Operations in Perth to carry out the Feasibility Study DMS HLS test work programme. The programme was supervised by the Feasibility Study plant engineering consultant, DRA Global in Perth.

The test work demonstrates initial processing via a Dense Media Separation plant, returning primary concentrate grades of 6.0% Li2O at recoveries up to 70% for Ngoualana Prospect mineralisation, with a flotation circuit to be added to improve overall recoveries.

A master composite comprising 70% Sogola-Baoulé and 30% Ngoualana (replicating the Indicated JORC Resource estimate distributions) tested, with the assay producing a head grade of 1.27% Li2O, and low Fe2O3 grade of 0.57%. Initially processing focused on the DMS circuit was followed by downstream flotation test work which improved overall recovery to 75%, producing a 6.0% grade Li2O concentrate.

The work demonstrates success via three stages of flotation (roughing and two stages of cleaning), once the ore has been effectively prepared by: rejection of slime particles (-20 micron), magnetic particles removal (via magnetic separation) and mica removal.

Kodal reiterate the design concept for the Bougouni Lithium project will be to defer installation of the flotation circuit to reduce upfront capital costs, given the Ngoualana material is amenable to DMS only processing.

[With thanks - note SP Angel act as Financial Advisor and broker to Kodal Minerals. A partner at SP Angel acts as Chairman to the company]

Ziquarat, that is what an AIM mining exploration company does, if you want a mining company - or one which is about to be - that is a "different animal" (for that I have BRD after its long over-extended path to get there). In any case Li prices are poor at present with megafactories for Tesla et al mainly still in construction for future demand.

You and Ob1 have however accidentally touched upon an excellent point though. I would rather hold an explorer with all the very good things you write and poor communications, than one with poor licences and reams of excellent communications several times per months proof read and tweaked by costly Public Relations (PR) people with private investors in mind. I am here @ 1.5% of portfolio for low cost resource in the end game whenever that will be, in a country relatively stable and transparent compared to some regionally. Frustration, patience and time will tell!

No RNS or obvious news story today so as we move to the second half of a globally horrible August heartening to see the trend the right way here today with almost twice the fully daily volume through with an hour still to go, some big trades two-way, I liked the numerical 75k buy that went through as soon as the offer price relaxed a fraction, serious money. The five director buys - three in July after FCA and two on Wednesday after the results may be a factor, time will tell, cyclicals as they bottom out even with valuation and dividend support are never going to be easy to judge, but on share price we're back to pre-FCA now which is real progress, without any of the long-suggested consolidation at all. Thanks Mr Bramall et al if you're reading!