Member Info for bandit1

Yes indeed and I would like to know who is buying and who is selling that size of block. Could be someone shifting between accounts or a multitude of other reasons. All will be revealed in the fullness of time as someone once said.....!

Lots of young or not so young but certainly inexperienced investors getting a little carried away on here which is not always wise. There is a lot of excitement at the moment - I get that and I feel it too. Before anyone asks, yes I have a decemt holding here built over 12 months but have my feet firmly on the ground as we are very early in the development stages of our assets. Havieron looks to be an exceptional asset but we have many others. I would prefer to see progress on some of our other assets announced over the next few weeks to build a solid base whilst we explore opportunities for Havieron. We may or may not be in discussions with majors so it is important in my view that we do not act as though it is Havieron or nothing, even if all the assay results are stellar and are known by Gervaise and the team. Options are varied and deals could be structured providing capital to allow us to develop some of our other high potential assets further and at a much quicker pace building a stronger base to the share price perhaps allowing the warrants to kick in giving us more capital and greater optionality. If Gervaise is fully aware of all the Hav results and they are consistent with 005 than I suspect he is modelling multiple options. Remember that he will be less concerned about giving PI’s a multi-bagger in a few months and more concerned about getting most out of the assets and the opportunity which he may not see again in his lifetime. So, just trying to keep a sense of perspective and with my holding I am as keen as other small investors to see a healthy return but don’t want to get carried away in the moment as that does not always help to make the best decisions. Last few weeks have seen a steady stream of buying and it is possible that other funds will keep the momentum going for weeks before it is necessary to show ones hand. Exciting times ahead but let’s enjoy the steady rise and keep our feet on the ground at least a little!

Yes too early but almost 1.5% so may see a holding disclosure in the next day or 2 if they already owned 3%.

Casshy - perhaps you could list the major economies around the world which have had 2 consecutive qtrs of negative GDP - no I thought not! Stick to statements that in some way can be videnced otherwise you will lose all credibility!

I have owned and traded IQE, successfully in the main, over the last couple of years but remain frustrated at the lack of progress with this company. Problems at the moment are multi-faceted. Association with Apple is the current major issue which is keeping us down, continued and persistent short selling interest which has been at high levels over a long period has been keeping us down over the last year or so, placing to II’s at 140p just over a year ago which leaves a bad taste but the biggest issue which needs to be addressed has been feeding the shorts is the quality of commercial executive management. The sad and unexpected loss of our CFO last year created an even bigger management vacuum in my opinion and whilst I fully recognise that the scientists at the helm are extremely talented and have brought the company to this position, they are lacking in crucial areas for a quoted company of this size. Some of the current management team need to be supplanted with experienced commercial executives to work alongside the scientists to translate what they are creating and developing into the business world in a way which is more easily understood to the investment community and of course commercially viable. Our leaders have been camera shy in recent months and appear to be waiting on our new CFO to do what they should have been doing. The Board need to wake-up, hire some market savvy people to support the new CFO and perhaps the shorts will start to consider cashing in their chips. I retain a small position in case of a takeover offer and perhaps that would be the best solution to import executives from the other partner to exploit the value potential here. I will keep a close eye on progress here as I remain convinced that the IP value underpins this company so the downside from here is modest. When momentum shifts it will move quickly and new money will come back in. Rest assured the II’s will be tightening the thumb screws so start to deliver or put up the sale sign!

BUTD - are you invested here as you seem very negative on the company? If you are invested do you intend to stay invested or have you decide to bash as hard as you can so your investment may go down further? If you are not invested perhaps you could explain what the heck you are doing here apart from trying to save those that are invested from ourselves! I am very clear about the upside potential here and if it takes 2 years for first gas so be it. Will the company receive funding for a UK gas project which is advanced with increasing potential with output very much in demand and crucially a valuable pipeline asset acquired for peanuts ready to receive it? If you believe so you will stay patient and ride the ups and downs of this juvenile marketplace called AIM. If you believe not you will bash and short until there is positive news on funding then we won’t hear from you again. Which one are you as a matter of interest?

David - I am a LTH in this share with an unlimited time horizon ( eventual sale when assets maximised ) hence why I can describe myself as a LTH. I am content to wait for first gas to cash in. If you are concerned about challenges in the next 12 months then you are probably right to sell out but I would question your definition of yourself as a LTH. I am sure you are aware that LTH’s usually optimise returns rather than trying to pick the next winner on the AIM casino at the first sign of difficulty.

Bought another pile this morning following this excellent news. Company needs to up its PR to make potential investors aware of the positive developments going on here now as it is still under the radar after a tough couple of years. This will take-off very soon it is just a matter of time and I suspect that some may be waiting for the SBB announcement before they come back in. Exciting year ahead as the valuation of the company re-rates as obstacles which have held it back are largely taken away.

Canaries - a good pragmatic summary of what is likely to happen and one which I share. The market will be trying to figure out what exactly is happening to Etinde and crucially when as that will determine what will happen to the share price after the 15p Divi is paid out. Now as others have also speculated, if you were the CEO you would not agree to return a large chunk of cash assets to shareholders until such time as you were pretty advanced and/or preferably certain in monetisimg the other remaining asset ie. Etinde share. A special div was muted some time ago and it has taken a long time so I must therefore assume that New Age/Lukoil have agreed to take out BLVN at a certain point but we could all be wide of the mark of course, but unlikely that we are. The only variable here is timing. No need to wait for FID as that can be wrapped up in sale price so I for one am hoping for an earlier sale which will realise a lot more than the market is currently valuing Etinde of that I am certain!

£50m not $ MSN but I tend to agree that to decide to pay this dividend at this stage is a signal to me as well that they are confident of monetising Etinde in a way which does not require these funds so it is just a question of time. I fully expect the share price to rise steadily in the next week ahead of the ex-div date and again think that to select an ex-div date ahead of the current date was part of the overall plan.

Good news and at last some return to long suffering shareholders.. So, £50m being returned to those on the register on 18th January??? Question is how much will the price rise before 18th January, will other announcements be made just before or after this date??

Like some others on here I read these RNS’s carefully and it is not as unambiguous that some on here suggest, and I believe what directors, with their fiduciary duties tell me. It always amazes me that many small investors appear to forget all the positive that has happened over the last 12 months yet panic sell which is classic negative market psychology. Perhaps if you cannot afford to lose much, that forces this sort of knee-jerk behaviour but investing 8n AIM is not the place for you. The winners here will be those who perpetuated the doom and gloom yesterday and who will be closing their shorts over the next few days. The other winners will be the market makers who just love this sort of story as it saves them from much effort in shaking the weak out. So, I have acquired more today and lol forward to better times ahead which will not be too far away in my view.

I must confess that I don’t read the Daily Star for my horoscope never mind insights into the world of business but discounting at this time of year is pretty standard for most consumer sectors and with the weak pound is probably even more important. Too early to ascertain the impact on margins though and we will have to wait for trading updates in early 2019.

No, I stand corrected Observer I now remember a couple of instances where fund managers had some difficulty getting the loaned stock back to vote on important resolutions. This area is a bit of a minefield and helps to put the O in obfuscation!

Just to add to this thread, the voting rights stay with the lender of stock as one would expect given that so many fund managers loan out stock to improve the performance of their funds yet they will want to vote on resolutions as required. Blackrock as a Group make a significant amount from stock lending ie. > $0.5bn every year and it looks to me that they have done so quite a lot here over the year and also have sold off a big chunk of their holding over the last 6 months or so. I cannot find much information about the short holders but can say that Blackrock won’t be one of them in my view. Something does not quite add up here but to be fair I am pretty negative the company like some others on here so tend to just shrug my shoulders as all we hear from Secker is that there are lots of strategic investors sniffing around yet nothing comes of it and he plays down a future IPO at Zinwaald as if it barely merits any mention. So, until I can fathom it what the heck is going on I will remain pretty circumspect all thing Bacanora until Secker proves to me otherwise in a formal release!

MM - close the door behind you thank-you and by the way, if you really understand how SBB’s work with a company of this size and share register make-up you would not make comments that make you look silly.

Looks like insider activity does it not? Not usually the sort of day which would attract relatively high numbers of trades in the first hour so we may see some form of announcement after the holiday break. Let’s hope we do as the company are underperforming in a major way.

I have spent 20 mins reading some of the most pathetic nonsense on any board for a long time. It is clear to me that there are a lot of spiv traders on here that try and make a few hundred £ for a crate of beer and curry by saying whatever comes to mind even if it makes them look like a moron. Most cannot read a balance sheet, do not understand the difference between free cash flow and profit or Ebitda but drift from board to board as part of a team quite often, working with firms who are shorting a stock. What a sad bunch of low life. I bought in here as a value investor last week on the drop and bought more today. I fully expect to make a lot of money over the next year or two it doesn’t really matter how long it takes for me as I don’t trade for peanuts but invest in value opportunities. I have a target price of £45 and expect that to be delivered in the fullness of time. As someone pointed out to some moron earlier today, ASC has no debt, has a strong and growing market position in UK and growing position in multiple countries and over £2bn, yes that billion in sales. I could go on to highlight reality but can’t be bothered just sometimes I get fed up with inane nonsense from people with only a few brain cells between them - you know who you are so just give the rest of us a break!

Just thinking this through. We need the completed FS for Zinnwald before the resources can be valued properly in a pre-mined state. Perhaps Citi’s investment Bank will be seeking a role in the IPO if they can get it. It has been a tough year and this is my worst performing investment since I started buying shares as a youngster 40 years ago so just maybe there is light at the end of the tunnel.........and it is not a runaway train!

Mullins58 - many thanks glad someone has their finger on the pulse! Great idea to hide an important announcement like that in an AGM RNS. It would have made no sense at all would it to issue a separate RNS with a headline ‘ Bacanora to IPO Zinnwald?’. I assume that Solarworld are still the owner of the other 50% after the bankruptcy of their AG business in 2017. I know that the Quataris were involved with Solarworld but no doubt we’ll find out in due course.