Member Info for alwayswinning

..........I've been watching this for a while and IMO the truth lies in the middle of both extremes as always.

To my mind, there is no doubt that the board have endeavored to ramp this up to get the warrants away IMO. There are no clear timelines for any real catalysts going forward. There is no promise that there will be a special dividend as some suggest, just a few vague allusions to it by the board to help ramp this up IMO. In the interview he refused point blank to put a time on anything and just kept reiterating the fact that they were "Not rushing into anything", which suggests to me that any potentially meaningful developments here could be a long, long way off.

On the plus side, the assets here are decent, but need a lot more work yet. Precious metal prices are booming which quite rightly justifies a rise in this companies SP.

The facts as they stand are that this has recently done about 900% from recent lows, and now sits at nearly 500% up from recent lows. At .4p this was arguably very much oversold, and at 2p, until clear timelines, intentions and figures are set in stone it's arguably very much overbought.

If genuine news arrives next week this could quite easily be back at 4p, but if nothing new or meaningful arrives next week I can see this trading back in the low 1p range.

I think we'll see a RNS or two here over the next month, but I doubt they'll be of any material value. Assuming that, my prediction is that this will likely bounce between 1p and 2p for the coming few months with 1p eventually becoming a new support and 2p becoming the new resistance. Of course if the board does actually come up with what they have hinted and many people here are speculating then all bets are off and everyone will be laughing.

Just my opinion. Please don't tear me to shreds.

I'm still watching this but I notice everyone has taken their eyes off it apparently. I'm getting the impression that as I said several weeks ago, the board are going to try and force the 10p deal through come what may. I could be wrong, but something here stinks IMO.

Seeing this move above the offer price and stay there is quite unusual. I would definitely say from the way that this has moved that another offer may be incoming. Remains to be seen, but this has definitely surprised me somewhat I'll be honest.

Nothing is risk free in this game LB. Throwing money in this at 10p or close to it is not really that great of a gamble when you consider what's on the table currently. There is IMO a similar chance to this deal not going ahead as there is to a higher bid coming in at this point, and by that I mean the chances of either thing happening is fairly slim in my opinion. If this was down at say 8p I'd definitely consider it, but at 10p this is now a game for those in the know. I sense there are games being played in the back room here, hence the way this is trading. In all honesty I would say that the party currently first in line to purchase this is responsible for the present movement in the SP. They will want as many shares as possible to see this over the line when it's put to the shareholders. All IMHO.

This is one of a number of stocks I'm watching, but I must say it has me pretty baffled currently. The trading today is curious, but arguably it may have tipped over 10p because people are gambling off the back of these mysterious forms in the hope it could mean a higher bid is coming. If I thought there was a 50% chance of a higher offer being considered by the board then I'd be in here like a shot at 10p, but the board are almost certainly not working in shareholders best interests here. There is a chance of course, but from the outside looking in, trying to find a reason to invest anywhere near 10p is extremely difficult. If you are sitting on a huge profit I can definitely see reason both to hold and sell at the moment. There's logic to both actions I would say. To me this feels like another stock that has been manipulated to this point and now they're just seeing to some loose ends to ensure the sale at 10p goes through safe and sound. I could be wrong, but that's just my feeling here.

It is very intriguing I must say.

Whatever happens, I hope you do well here either way.

I agree that the company is worth more than the offer. The problem I have is that the board have obviously manufactured this situation IMO. The board are obviously going to threaten shareholders that they will take this over a cliff from now on the 15th November if they don't take the 10p offer. It doesn't matter what funds are in deep here because they don't have any executive power. They can club together and offer to give the company a few million for free if they like, but I'm sure the board wouldn't accept it because they want the company in this situation. Everything here has been done by design IMO and I think it's too late to stop them getting their way now.

I did hold here a little while ago from 4p to just over 7p. Not now though, just sitting on the sidelines. I just find the argument that people who are 200%+ in profit selling a shade below 10p are somehow crazy a little irksome. I mean they're massively in profit ffs, so why not sell and make hay elsewhere now. Not saying there won't be a counter offer, but it isn't likely at this point I don't think.

I suppose people who are already 200% up aren't bothered with any potential risk/reward of holding another month. 10p looks like the most likely outcome here IMO, so for the sake of 5% or so is it worth them holding. What if the worst happened and the deal didn't go through? I can see why people are gambling here, but I can also see why people in profit are now selling. There's a lot more than 5% to be made elsewhere over the next month with the profit they've made. That's their reasoning I imagine.

Throwing the board out would be a very good idea IMO, but that should have been done months ago. There isn't enough time to throw them out now. They'd let the company collapse on the 15th November out of spite if necessary if they thought they may be thrown out. It would realistically take months to get rid of them if there was an organised coup.

I agree LB28, 10p looks likely whatever happens, and there probably isn't anything for anyone to worry about providing everything is wrapped up in time, which it looks like it will be. My only point is that if the board are complicit in dragging the SP down to where it is and potentially in bed with the bidder, there's no reason to get too excited about a higher offer coming to fruition.

.......and as I said before the board is not obliged to accept any offers of cash from shareholders or put to a vote any bids from any bidder they don't want to.

I agree Jarv55. From what I can see though, it appears the board want the company in this "dangerous" position. The board only has to be able to scare 50% of shareholders/traders into voting for the deal at 10p to get want they potentially want.

Yes, to agree to an offer that is put to a vote in the first place that is Jarv55. The current offer will most certainly go to a vote, but the board can pick and choose which (if any) subsequent offers they put to a vote. If the choice they give shareholders is 10p or wipe out shareholders would almost certainly take it. Given the timings of the current offer, it would appear the board are working closely with the bidder, which doesn't exactly fill you with confidence.

When a board is working against it's own shareholders I don't think there's ever much reason to be hopeful. So, even if a counter offer comes in, the board could choose to simply ignore it or say they didn't agree to the terms and insist that the current deal is what's best for everyone.

Feels like this situation has been manufactured by all sides to me. A last minute low-ball offer 4 weeks before the company is in dire straits according to the board. Not really enough time for other companies to do proper DD and to have a bidding war. Shareholders will be presented with a take 10p or lose everything argument IMO.

I agree Mark. It's difficult to pick an exit here.

I'm averaging around 190p. Took a few tranches along the way, buying as low as 160p and as high as 240p. Could have done better, but it's difficult to get stocks like this bang on. I feel fairly confident I can do pretty well though from my average.

I'd be very surprised if this isn't knocking on the door of 300p at least early on Monday.

..........The people shorting this are doing there best to keep this down. It can only go one way from here over the coming days and weeks. Hold your nerve as the snakes start to panic. They're just digging themselves into a bigger hole at the moment. Feel satisfied every time 10p or 20p gets wiped off the SP, because that's the sight of desperate people doing all they can to save their skin. Their day of reckoning is fast approaching and they currently owe about 10% I believe.