Member Info for Awstin

All buys showing up as sells today.

As nibbles are the order of the day, mine is the £39.37 :-)

Colonel, thank you for your input over the time that I have been here. I have learnt a lot from you and quite a few others along the way.
I have a question re. your article below: I believe that the 30% of CPO5 is owned by a subsidiary of AMER, would that subsidiary have to be sold as part of the job lot or can it be parcelled separately?

Regards, Awstin.

Sweet dreams David, should it ever get to those levels I'll be in the next yacht along from yours sailing into the sunset :-)

louspeaker: I researched BMN and the very informative Bushveld Perspective prior to buying here and was all set to buy BMN when the sp jumped up by 10p on the day before my funds were released to be able to buy, making it less attractive. I have kept BMN on my watchlist and both BMN and IRON sp's have declined since that time.

Thanks leas, a good weekend to you too, and all other lth's.
I was down nearly £12k, about 75%, at one point but I held the faith and averaged down, specifically for this time in the company's history. So, I will be here until the end.
I'm hoping that most can now see that it's more sensible to hold on to the end rather than sell due to being disgruntled with the BoD and/or share performance.
My view is that this is the scenario where the much maligned BoD come into their own and that their aspirations align with ours. There may not be fireworks but we can expect that they will be wanting to achieve the best results to maintain/repair reputations. I also hope they'll do the same for IRON and KZG as the sp for both are floundering.
Good people, we'll get there in the end.

I was dreading another friday afternoon drop in the sp but, for me, 18.90 will do nicely as I end the week with my head above water for the first time in a long while. Being thankful for small mercies and looking forward to the weeks ahead.

It seems to me that the Vanadium redox batteries will mostly benefit large scale 'grid' applications but the technology is still under research and development. Another application under development is the use of 'Vanadium Electrolyte' for electric vehicles. When the charge is low the vehicle is taken to a refuelling station where the depleted electrolyte is drained from the battery (and sent for recycling, to be used again) and fresh electrolyte is pumped in, much the same as with petrol/diesel. I would imagine this would be a much quicker process than plugging in to a charging source, as currently used. Info from the Vanacorp website.

A small top-up for me today just to get to a more memorable number.
Anyone else think KZG is just adding value to its investment in the mine, via its jorc and exploration RNS's, prior to it selling off?

Just had a small top-up to a more memorable figure. Average still on 18.24p, down from 37p.

Good for you Fred, each to his own. If you return a profit at that level then good luck to you. I can sympathise with your feelings towards this company but for me it was always about the 'end game' as we call it and will not be selling out until the highest price is achieved and the company is sold, hopefully above 24p.

I'm not going to hypothesise about the eventual price paid for the company or have a minimum figure at which I would consider selling. I'm just going to wait patiently until the sale is finally resolved and hope that you good people do the same as the best price will be at the very end. Don't lose out by selling too cheaply just to get out of, what is for many of us, a nightmare share.

Watermelon: agree entirely with what you say. The phrase 'some are more equal than others' comes to mind.
At least mushrooms are fed ****.

mr cautious, if you phone him you can do so on my behalf too, as I think many of us here. I trust you will be calmer than I would be even though I'm on meds for my ptsd.

Watermelon, I hold shares here and at AMER, they are quite different companies. I think it's fair to say that any company with GC as chairman is a company set up for development and ultimate sale. IRON is up for sale due to 'failed deal negotiations' but the timing of AMER's sale is a little premature in the overall business plan due to a 'low ball' takeover offer from another company based on the compressed, by fair means or foul (as per the AMER bb) share price of 12p. The, now formally rejected, offer coming in at 17p has triggered the announcement of the 'Strategic review including formal sale process' RNS, dated 19/07/19. AMER closed today at 18.72p.
Whilst I have faith that IRON will eventually be sold for a good price the circumstances here are somewhat different, mainly as no information has been provided by the company. That seems to be the par for the course for GC chaired companies as the sp of another, KZG, has also been hit by lack of information on an offtake agreement and a water supply pipeline. This is despite a very favourable JORC listing for a large section of the area to be mined.

Make of all this what you will but I'll be holding until the fat lady has finished her encore.

TP, Totally agree. A.

Could it be that some are selling here to buy into AMER for the ride up then come back in at the lower price?

Hi poor trader, have a look at the RNS on 02/07/19 and put them right.

With thanks to the better informed posters on here and the filtration of one or two others, I thoroughly enjoy reading this bb.

This week I hope to break the surface (18.24). Above the surface I see only blue sky.

This will not be a scenario of the best fitting deal, AMER will be sold for the highest possible deal, or deals if sold in parts. The BoD are well skilled in selling companies for the maximum price, which is why most of us lth's are here. Whatever the profit ends up being will be worth the long wait for me as it will, by my own standards, be substantial.

I, for one, will be waiting until the fat lady steps off the stage.