Member Info for Allthatglitters

They did at last announcement, yeah.

I suggest the phrase 'Revenue means nothing' is why you're in the red here.
It is, however, vanity: profit is sanity.
We'll find out how the company is faring soon enough as they've got someone appointed from outsight conducting a full investigation.

It's down £4.65 per share today. Per share.
That's not a justifiable drop.

Under 8 million in public hands and yet, amazingly, 1.26 of them have been traded so far today.

Seems to be a bit of resistance to clear around 1.20-1.25

Yup. You don't get a 227k trade at mid-price on a 16M share very often.

Huge short closed (227k) at 110.

Well, the Finance Director was dispensed with in May (seemingly with good reason!) so one head has already rolled.

Hopefully the new FD has been well vetted and is ready to get steering the ship in the right direction.

Len presents again on Monday and the final set of lithium results are due (plus resumption of work program in Chad).
Agree it's not exciting, but, to quote the recently deceased IRR twitter account: 'Lots to come!'

It could, but it could easily bounce back up to 1.50 or so first.

The 10 million was cancelled.

Short covering soon. Be plenty of 'buying'.

Needs some good news to restore sentiment though.

Yeah, everyone hates the CEO. But 90% of AIM CEO's are incompetent/crooks so hardly stands out.
Volume has clearly died off now too.

But the share is well oversold and it will turn.

You're welcome, Gfb.
Just got to clear this overhang. Same as every placing.
I'll add more as and when I can. See a decent 50% trade from here some time in next 10 days.
£2 Million valuation now is too low for the assets.

If you've got a twitter account, do you fancy tweeting something positive about MXO? Like the bod buying or the large increase in NAV?
I've tried to address the massive anti-MXO sentiment prevailing on twitter (for good reason) but it's been drowned out by people who aren't invested and just want to kick the company.

It said so in yesterday's RNS, gfb.
Some of it is in lieu of salary, but some was a subscription they paid for. The CEO put in £30k plus an additional from his (ludicrously large) salary.

Plenty of big buys today. The overhang is slowly being eaten up.

Few decent buys going in at placing price.

And plenty of ramping from Meeeeeeeeeeeee and Darko.

Those two round-number trades are sells, I believe. Sell price does not correlate to indicated bid.

Haha top shout, that. Makes sense if not in any way inspiring! I’m hoping for someone with a Chinese name. They might as well buy up enough at this ridiculous price to takeover and then ensure they get their money back and more by selling the assets.

Works for me.

The bod took 15.3% of the raise for a reason.

Top work as always, Toro.
I think Vince may have been a little optimistic in hoping for a significant re-rate (40+ imo) prior to Jorc estimate, but I've ever confidence we'll be a lot 30's by eoy and at a more realistic level circa 50p once Ewoyaa estimate is in, Dorothe funding is done and drilling has commenced.
Worth 6-7 months for 100%+ I reckon.

That was definitely a sell.
Better out than in, know what I'm saying.