Member Info for bandit1

Ah you must be another of the many spivs that come on here masquerading as a top trader/investor looking to make a few hundred quid. Bit of a joke really but I do recognize that this is a bulletin board and any person can post any nonsense, in fact you don't have to own any shares or indeed have any brain cells. It takes all sorts to make a market I suppose.......

Is AIM a risky place to invest or trade? Yes. Are explorers risky companies to invest in? Yes. Higher risk means those participating will usually have higher levels of anxiety which is reflected in the narrative from those who post. Explorers attract more short term traders ( nothing wrong with that ) than other companies on AIM for obvious reasons and therefore if they do not get their fix of spikes and dips they are not content as their cash is locked in for longer than they would like. It seems to me that the market are almost disregarding any news from the company as is not the blockbuster announcement of a JV or other type of deal regardless that this news may be relevant and adds value. So, as much as I would like to see a more logical progression of the price based on multiple announcements of genuine progress it may not happen. This is a classic case of staying patient but some will always bail out of boredom, doubt, frustration, need. Far too early for me to consider that....

Addicknt - as much as we are all extremely irked by the share price at the moment and mismanagement of certain events by Secker just to be clear, I do not support his exit, more that he appears to need more support from Board level to guide him in areas other than technical which is what directors are there and paid to do. I have no doubt that he is working tirelessly to address matters and we should give him some space to do so. At times like this, high quality executives have the ability to recover from unexpected events which damage confidence and sentiment and this is his time to prove to shareholders that he can do so. I have no doubt that the strategic investors are equally unhappy with recent events and putting pressure on so let's see if he can deliver and in the meantime we are all free to choose to buy, sell or hold as we see fit. I will sit on my paper loss pro tem.

Pleased to see these continuing as it suggests to me that some do not want the price to rise too far as it may upset their plans to cash in at a certain target level.

EV - I tend to agree that management and directors have stepped on too many banana skins here over the past year to simply overlook these as bad timing, bad choice of partner or wrong place, wrong time etc. I feel that Secker is competent but not dynamic and whilst he knows the industry is probably lacking some of the other skills needed to a strong, well-rounded CEO hence has to rely on too many others to make decisions some of which have proven to be bad ones. I invested at the end of last year at around £100p and watched it rise to £150p and now down to a lowly 50p. A CEO's performance is usually measured by growth in shareholder value and whilst with explorers/miners there are also other important measures to focus on it is crucial to maintain the share price at a healthy level relative to what we have proved up to avoid having to raise funds at a low price as we see today. Since Nextview failed to come up with the funds the price and sentiment has fallen away sharply and unless Secker makes up in some other way from a aborted attempt at a placing, with alternative funding opportunities, this share will continue to struggle. Not entirely sure if our Board is heavyweight enough to support him through this but seems that he needs a lot of help at the moment so if they cannot support him we need fresh blood. This has moved into my longer term investment pot but I will remain as a shareholder based on the underlying asset potential and long term market dynamics for clean energy

Have a look at the number of automatic trades in the last 15 mins mainly sales of insignificant amounts all designed to drop the price ahead of the BH weekend. I find it amusing when some posters on these boards deny that there is manipulation. It is there for all to see if you know what you are looking for. Regulators are incapable of preventing these moves and I know from experience that hedge funds with positions either way will use large numbers of ALGO trades in quick succession to benefit their own position. Means that it is lot easier to take a position based on fundamentals over a medium to long term than try to trade on a short term basis. Keep the faith.

Just to be clear that the Takeover Panel will likely insist that the offeror in a mandatory takeover situation has to make an offer at the highest price they have paid over the last 12 months provided of course that that they have acquired shares or options beforehand. If they had no holding this would not apply. Sometimes a potential offeror will avoid buying any shares to avoid this situation, sometimes they have accumulated a stake over this period at a higher price than current market price and either have to offer a higher price even if the market price has dropped sharply or wait until the 12-month rule falls away. The Investment Banks are mustard on these rules as are The Takeover Panel of course. Given debt levels here I am not personally convinced of the merits of a full blown offer. I think the Board have a plan over a number of years to reduce debt from disposals and from enhanced trading performance albeit that this will take time. They will have submitted their forecasts to the Bank syndicates which will have set-out their base, worst and best cases to reduce debt to manageable levels over the next few years. Market conditions for asset sales and trading will determine this along with speed at which efficiency improvements feed through to the bottom line. Debbie is trying to attract institutions to join the register and looks as though this may be happening. Time will tell.

TLW - I do agree that there is no doubt that there has been an ongoing trading gain to be made here over the year with some well timed buying and selling. I have managed to benefit myself at times with half of my holding retaining the other half as a longer term investment which I have also sold. Sometimes, with a share you believe in as a long investor, it does frustrate to see it knocked down time and time again. Call it manipulation, call it efficient market theory, call it whatever you like but I call it frustration so occasionally it is better for me to take a step back, watch from the sidelines as a non-holder for a period and plan my next move if and when I think the time is right. I have said before and will say again, IQE appears to have developed some valuable intangible assets has new technogy in the pipeline and will continue to attract new clients along the way. I see parallels with ARM and think they will eventually be acquired like so many U.K. companies by a bigger foreign entity which can exploit the intellectual property into their own business model.

Yes that may well be the case and to be frank it is about time that they made more of an effort to engage with smaller shareholders. It is always easy for a management team to be 'lazy' when you have a very large shareholder and a few institutions who, between them, will account for over 40% of the shares in issue. Have a few meetings with them and keep them up to date and content that they know what is going on but the 25% drop from 40p to 30p may allow someone to bid low 40's and encourage the institutions and PI's to consider accepting. I still think that is a long shot though and my gut tells me that we will have to wait longer for them to distribute cash to shareholders. All speculation until we hear about the next drilling results and it will be time to re-assess at that time. Will continue to hold.

Moderately positive in my view. Good that they have flexibility with Topaz and are getting on with things. Pleased that investment returns will help to minimize cash burn so worst case we should see price underpinned at level we are at now. I think it will stick around 30p until such time as the company announces positive news from IE-4 or they attract new investors who are prepared to take a punt on the potential undervalue here versus would come emanate from the commercially sensitive options that could not be discussed.

Recognition of need to communicate inherent value to market given that cash and securities plus $25m post FID is not far from curemt market cap!! Hope that is a plan to put greater effort into investor relations and inform the market of true value here.

Still holding listening to music........hope we are not missing anything.

This RNS was written in an obtuse manner for some reason which no doubt will be some clearer in the fullness of time. I am generally suspicious when I read official notices like that. I am also very much aware that there have been some chunky sells since last week's update and whilst some will say that some have been buying the shares this have forced the price down so difficult to turn that into a positive. The call tomorrow is important. If they simply repeat the information from last week this will drop sharply in my opinion. I am hoping that they clarify the options from here under different scenarios to give us a chance to make informed decisions but that would be a lot to ask as we Pi's are last to find out. I will be listening with interest at 9am.

Exactly the sort of inane response one would expect from a failed CEO who will attempt to deflect all blame from himself. This is weak beyond imagination. Many shareholders including myself expressed deep concern about his ability as a CEO for well over a year so this comes as no surprise yet it remains painful. There will be, sadly, no return for BMR shareholders for many years to come, if at all. I appreciate that some will pursue AB to help ease the pain of loss which is their prerogative but will know deep down that it is highly unlikely that anything will come of it. There are countless examples of spurious transactions and deals on AIM driven by incompetent or bent CEO's and shareholders will huff and puff but in the end it will come to nothing. They know that the regulators are ineffective in the extreme. So, my advice to shareholders like myself is to move on, look for other opportunities with companies led by CEO's who have a good track record, communicate clearly and regularly with shareholders, are respected by the investment community and therefore can raise finance and are heavily invested in the company unlike AB. This is my worst investment decision since I bought my first share in the early 1980's but will not waste my time and energy pursuing a lost cause. Spend your time if you can looking for opportunities to recover the losses here. AB will carry on taking money from shareholders and won't give BMR or its shareholders a second thought.

That is anyone's guess. After more than 12 months of investing here with a little trading along the way I have sold my lot despite the fact that this is a company worth investing in. Short funds have total control here and can kill any upward momentum by taking on new shorts at a level of volume which PI's cannot match. I will keep this on my watchlist and jump back in at some point either when it appears as though the trading performance is strong enough to force the shorts to reduce positions significantly or if I think a takeover bid may come. Any bid will possibly happen with the help of short funds of course, but there will be market rumours, there almost always is, and will try and time my entry. Frustrating share to hold in recent past but in the fullness of time this share will shine but not right now IMO.

One of the UK's biggest funds think this is worth buying at these prices but what do they know!!

Yes I accept that it was an appraisal well and we await further news which may be positive but what I struggle with is trying to ationalise why the company delay the conference call for 3 working days including a weekend in between? So, if you wanted to manage the message to avoid doubt, selling, negativity etc would you not arrange to call for today? What will they tell us on Tuesday that they could not tell us today? After all, the CEO is not exactly running a huge conglomerate with multiple demands on his time so I think there must be a reason for that but pure speculation but that's all we have until Tuesday!!

Jadee - so if the result of the appraisal well was as acceptable as you and some others suggest why has a third of the value of the company dropped in a couple of weeks? Is it market manipulation, is it due to a lack of understanding of the RNS, has the company failed to manage market expectations, have private investors lost patience with the company, is the nature of this company ie. cash shell wth few assets just misunderstood? Genuinely interested in views. I remain a holder and added at 27p but as baffled by others with recent events.

No sure why folks don't filter people like him as his sole purpose on here is clearly to create negativity so the more people respond to his wind-up comments the more negative the Board becomes. On many boards you will see posters who have been active rampers or derampers over weeks and months just disappear overnight , never to be seen again when they or their paymasters have achieved their objective. Some are just sad individuals with nothing in their life apart from these bulletin boards so want attention. Why waste time on them?

Very disappointing and yes I confess it seems that some have managed to get out but not us and not HSBC!! We need to understand from the conference call how much the drillings costs were relative to our free carry, timings for new drillings and costs and some sense of options from here ie. return of cash to shareholders etc.