Member Info for Allthatglitters

Just a guess, but I'd imagine that earthling's suggesting that you're talking down the share mentioning funding all the time. Presumably in the hope of buying lower as a result.

I could be wrong.

Approaching highest in 3 months.

Up too.

They wouldn't be paying higher:
If IRR want £10 Million at 50p, that's 20Million shares.
If IRR want £10million at 10p, that's 100Million shares.

Assore & Sumitomo will want, say, to put in £3Million regardless of price, so that they can continue to secure access to the resources. They'll just get a larger amount of shares in a higher float for the same money.
So, price makes no difference to them.

Assore are actually restricted to holding 30% max to prevent a hostile takeover.

It's not really in their interest to buy lower: They've not invested to turn a profit on the trade. They've invested to secure the resources.

Looks surprisingly bullish, suddenly, SG.
You did call that. Which, you know, kudos.
Hopefully that'll stick around rather than being slapped back like yesterday.

I entirely endorse this view.
I don't believe for a moment that they will raise around 20p.

In the last interview, Vince stated that Dorothe was being delayed from late 2018 to mid 2019 so that they can poke around the other projects and ensure that the worth is there to justify the drilling outlay.
That, for me, delayed a need to fundraise from Q3 2018 until Q1/Q2 2019.

Realistically, Dorothe is our Cascabel. It will be years of drilling and will cost £100+Million. But it should be both company & country-changing and an incredibly exciting project to be involved in.
What would be ideal is for the lithium to pay for the drilling. And, with big backers on board who want as much lithium as they can get, it just might do.

When the company again misses its own deadline for information?

That's what I'm worried about.

I find it very difficult to believe, Mike.
There are no doubt PI's that hold millions of shares, but the timing would be very odd to sell so many now. Why would they, having held from 48p down, suddenly cash in?
Unless a LARGE holder has recently died.

Someone always knows in advance if news is coming. A situation where a company ignores the market for two months means that someone can sell with impunity and, if they catch word that an RNS is scheduled for the following day, they can just buy back.
So, that's why I'm certain it's a sustained short.

But we'll never know for sure. It's been a disaster. We're actually back valued in the £50M's now I think?

Yep. So much for 21.5p double bottom. At what point does the dog woof?

It sure would. Traders be bailing.

Yup. Piece of **** this shorting lark.

I would like to think most companies would address the share price dropping by 28% within 5 weeks without a public reason for doing so.

Fair play, buddy. It's all subjective. But a double bottom is a great formation and to drop below that is not what I want to see.
Having a go at rallying from here though.
Yeah, I'm surprised Vince hasn't come in for more criticism. But I guess a lot of holders have low averages and long timeframes so don't mind.

Nice to see your name pop up, SG.

Unfortunately, Smudger, that's what's been happening for weeks now. Absolutely no pressure on the ask whatsoever.
Mike: next stop after 21.5 is 19. Historical support dating back to 2016. I really hope it doesn't get there or we'll need 100% rise just to see the September high!

The 45k’s were the daily portfolio sells, arranged hours in advance and always at discount.
It was that 50k that’s done the damage.
Can’t emphasise enough how it HAS to hold 21.5 imo.

At what point do people pick up their pitchforks and head for Brisbane?

And Cantors have just gone back to the bid :) Courtesy of my man Calum

0.04p between buy and sell.

More buys shown as sells :)

21.5 looms large. I’m expecting a big reaction.

No chance IMO.
Would be disastrous to raise at this level. Totally counter intuitive and, if you believe Vince (as I do) not required at this point.
Also, gets into dangerous territory if BOD buys just prior to maiden lithium results.

Talk to us again at the turn of the year though and you'll get a different answer.

The one year anniversary of the last results from any of the IC projects is coming up in two weeks. I might send a card.