Member Info for bandit1

Thanks Mkm I missed that one but good that Bogart is getting US exposure ahead of possible US listing. I do feel that value investors are ready to jump in at the correct time and this will find a higher range at that time IMO.

I think that the glass floor has a large crack appearing across it Majorboy! Of course, the cracks could be papered over by the end of the day. Just saying.

Algo trading is taking over as many will know. Across world markets Algo trades can account for as much of 80% volume. I have some investments which have more than 80% of automated trades each day and IMO hedge funds appear to be either trading for their own account with a defined strategy or on behalf of others. They are becoming more and more powerful in equity markets and PI’s can only sit back and wait until they have achieved their objective or piggy back on their strategy but very difficult to discern. One thing for sure is that the regulators are at least 5 steps behind so don’t expect that FCA will keep them honest any time soon! I do agree that ultimately value will out so important to DYOR and believe in it.

DMcG - We all know that these were not all buys. Couple of points to make here. The Woodford overhang continues to concern me and IMO is still a drag. Secondly, nothing about the litigation against the alleged manipulators so I expect that interested investors are sitting on the sidelines pro tem. Others points well made by others re Petersen and how much gain taken so far also places doubt. Resolve the above and shorts will cover and the price will start to recover IMO.

Limited free float means big daily swings on relatively small volume. Also, if Gangfeng and others want to restore their pre-M&G positions they may have buy orders in with brokers which may take some time to fill. Bid has been dropped to make it easier/cheaper for them so possible but not certain but I do know that is what happens in this market.

As I said just the other day, rampers and derampers are all or nothing on these bulletin boards and for those who have been around the block a few times you will recognise that and yawn. I have always believed this to be a binary play on MED2005 but in some ways I was wrong as the Placebo could be the answer.......! Who would have thought that? Makes me somewhat relived that I was disciplined here and held only a modest holding so back to where I started investing here a year or so ago. A stark reminder not to believe the hype with Pharma stocks until the results are known. This is now a punt on whether our surprise Placebo will be on the shelves as an OTC gel any time soon. Not a pleasant pre-Xmas announcement but let’s hear what the BOD have to say.

Well, I remain invested here through thick and thin and whilst I did not invest more on the last raise, as a LTH I am much more relaxed here despite continued drops in the share price. We all know that the LOG overhang continues to cast a black cloud but IMO the Administrator was recently signalling the price at which he will sell the 29.9% stake over which he is presiding. Now, the delayed Harvey results may be due to the fact that CalE are in deep discussions and we may hear about this soon. We cannot be sure that this will be negative. Do you think that CalE would have negotiated a significant investment pre-Harvey results if that was material? No, of course not but they ensured that they have an option if the results are good. So, I agree that the BOD appear to be reverting to type but there may be very good reasons for that and let’s hope we find out soon. Not for a short term trade but really good long term potential.

Well, it seems to me that arranging an investor call on Wed after the share price has tanked is a bit like bolting the stable door after the horse has long gone! Crown has underestimated the fact that they are pawns in a game with limited power to influence and are set to lose a packet here. I attended the last couple of investor calls which were no comfort at all. They are simply designed to attempt to stem the flow of PI sales as any institutional funds can pick up the phone to the part-time CEO to find out what is going on. Sorry state of affairs here!

I share Jimini’s concerns and sold out today. I am a value investor and have made strong returns here 7/8 years ago when it was a popular and respected brand. I reinvested after the big drop a year ago. The turnaround will clearly take time and my optimism for a bounce has disappeared. I had hoped for a quality and hungry CEO to take the reins to complement Dunkerton but looks as though this will not happen so Dunkerton will continue to dabble with stuff which interest him outside of the company which means that he is not totally dedicated to the turnaround IMO. This, coupled with continued challenges across the sector suggests a slow grind with no guarantee of success. Brand reinvigoration is tough in good times and even tougher in bad times. Will keep on Watchlist as no debt ensure a floor on the share price but a lot needs to change for me to jump back in.

People come and go on these boards for all sorts of reasons, change of mind, boredom, someone has upset him, busy with other things, etc, etc. Best thing to do is to own each and every investment decision you make as prolific posters for/against a particular stock tend to just disappear which often seems odd. I suspect that when results of P3 are made public and if they do not disappoint, the price will respond positively and he may even make an appearance again. Such are these bulletin boards!

NeilH- I suppose I want to know what is going on so feel irked with Cross’s natural style which is ‘trust me all will come good in the end!’ Doesn’t wash with me. Got chunky stakes in Greatland Gold (GGP) - outstanding new discovery in W Australia ( probability Tier 1) and recent JV with Newcrest, SOLG entered as it dropped to 20p a few months ago on country risk concerns but amazing assets and upside as BHP increased stake this week, and IOG ( UK Southern Nth Sea gas play with Buffet recently investing 29.9% through a UK subsidiary) tough year but exciting 2020 ahead IMO. A few others but prefer to invest in 6-8 max after research and hold for monetising event but 70% in cash pre-election just hope for the right result so money comes back into risk assets in UK. Investing here at these levels will probably show a return over medium term but you have to be comfortable with the silent treatment! Best.

NeilH - stayed away for a while to leave shareholders to enjoy their investment here. I look in every couple of weeks out of local interest and my candid views on the related party transaction were provided on the day of announcement. During my time in the City a highly experienced and respected corporate broker once said to me that if he was ever consulted by a major shareholder/director of a client plc with a proposal to use shareholders funds involving dilution to acquire an asset from a family member he would tell them to forget it or expect a backlash! Many Institutions are also very unforgiving if they see transactions like the wife’s farm purchase and their risk committees often intervene. Cross does what he wants when he wants to do it with little or no challenge. That is why I walked away from here and now simply look in to observe the next wheeze!

As a fierce critic of Secker ‘s ability to properly promote BCN’s highly attractive assets, this IMO was more accomplished, unambiguous and believable than others over the last year or so. Credit when it is due. Perhaps with M&G digging into their deep pockets this has given him more confidence that others may also sit up and take notice at these modest prices making future fund raising less dilutive and easier to achieve. If so, amen to that!

Timid - yes I agree that NCM have every incentive to identify the footprint and potential here ASAP as the returns from the feasibility with a mine ready to process within trucking distance potentially enhancing future NPV above and beyond other comparable projects. The icing on the cake would be that other GGP projects in tenements nearby or other projects in Paterson to show similar potential. Indeed a lower bar in terms of overall grade may even be viable at some future locations given the attractiveness of the overall financial model.

Just watched regional news to see JD and Jo Swinson grinning at a local cider business in Cheltenham today. I would much prefer if he spent every moment working on turning around a spent brand. He is still very active pursuing his strong remain bias but as a shareholder I don’t want to see him in a photo opportunity with a leader of a party intending to ignore a democratic vote, I want to see him in the factory and design studio sorting out his brand! Not smart.

I spent my business career building businesses and employing more and more people. I get no pleasure in seeing companies, especially home grown ones, struggle to perform. At the same time I have always been clear that leaders must take full responsibility for business performance and should expect criticism, challenge, financial pain etc if performance is below par. Lots of folks on here will recognise these basic ‘rules’ from their own lives. So, how long will it take for our esteemed leader to stand up, acknowledge the company’s failings and take decisive action to redress the slide and if that means standing aside and hiring someone with all relevant skills that must be done right? Tough to hand over the baby you have nurtured to someone else but leave it too late and there will be regret. How will lenders be feeling about current performance and how will institutional investors be feeling, some of whom are under water in a major way? They will expect answers to difficult questions if asked to support further. As others have said why invest now before we can hang our hat on something positive? All depressing stuff so it’s over to you Dr.

Majorboy - I am invested in Burford Cap but will not comment on here out of respect for this board. Back to IQE. It has been a traders dream over the last year or so as it has been up and down like a fiddlers elbow. This latest profits warning is of more concern to me due to weak cash position, poor revenue stream and diseconomies at the Sth Wales factory. This surely will put further pressure on performance in the short term. New orders and/or clarity on funding could shift momentum to the upside otherwise pressure IMO will stay on the downside.

The last few months have been a bit of a mystery in terms of what is actually going on behind the scenes despite strong rebuttals from the BOD. I fully agree that The Times continually write negative stuff about BUR which is poor and lazy journalism. One of the challenges for the company is that the market continues to wait for some form of retribution against MW and any others who have allegedly tried to manipulate the price for financial gain. We can only assume that the legal process continues to chug along with no certainty as to the final outcome. If the courts decide that there is no case to answer IMO this will put pressure on the shares. On the other hand if the courts decide that the shares have been manipulated and action is taken against individuals, that kind of positive news could release us from the current £8-£9 range. Frustrating like so many shares on AIM these days.

It looks to me that since the announcement of the modest SBB this has enabled someone to sell blocks of 50k and 100k almost daily without any significant impact on the share price. They must be pleased with the SBB but why bail now? One can only assume that they need the cash. Now, one could argue that without the SBB the price could now be below 20p but we’ll never know. I watched the Malcy piece which was positive in a sense without any real detail and fully understand that our coffers are growing by the quarter but a certain level of patience and trust is certainly required here. I will continue to sit on my hands as I am intrigued about how Tosca and Fanning plan to max value here.

Balance of probability is that the P3 results will reaffirm exactly what the BOD have clearly signposted in recent interviews which should attract the attention of the Pharma world. Added a little more at 31.50p near close as drops like this IMO will be forgotten about in a months time. Very exciting times for all invested here. When it does take off it could move very quickly indeed. LO have not sold down as much as I expected which can be seen both ways but I think they prefer to wait for the results too!