Member Info for bandit1

Sentiment across the market is terrible at the moment, fund managers are on holiday and most people are de-risking their positions at the risk of a no-deal. Lots of cash on the sidelines will be used in due course to buy stock at quite attractive prices across the board. For many AIM companies the price movements are very much event and therefore news driven and therefore can be risky to trade. Yes the drop has been savage based on low volume but it has risen on low volume too. Been in here too long to jump out now and I don't go along with some who feel on a positive drilling announcement the rise will be modest. It all depends on what we have underground and our partners intentions. I assume like many on here I am reluctant to add any more pre-announcement so will just switch off for a few weeks and hope we receive a great update which will help to quickly forget this fall.

It is difficult not to agree with that sentiment. Trouble with so many AIM companies is the poor quality of management who appear to be incapable of navigating the environments in which they operate despite, no doubt, talking a good game to get into that position but underperforming time and time again. When it takes so long to monitise assets lth's get so fed up with the time to deliver value they will accept a modest gain just to wipe BLVN off their portfolio list. I must confess that I am getting close to that point myself but for the sake of another month or so I will hang in there and see if there looks like a reason to hang around a little longer!

No, not interested in the slightest as more spurious claptrap which will eventually go away even if people like you are trying very hard for it to linger like a bad small. I wonder why that might be?

The spike in volume in the last hour yesterday was abnormal after such a quiet day.up to that point If volume is low this morning I would suggest that it was traders trying to get into a good position ahead of formal news. On the other hand if we see a lot of volume from the get go we may be close to hearing something. As always time will tell!!

As I understand it, HSBC have bought as principal not as a nominee. Assuming I am correct, do you really think they would be adding to their stake at this late stage of drilling if there is nothing there? Now, I appreciate that the company may not have provided all the results from the drilling so far but they would have met with the company and asked some leading questions before adding on my opinion. Others may think they would have simply taken a multi-million punt but it doesn't usually work that way - follow the money!

What a pointless post from a pointless poster. What if I were to say net longs are 91.5% ah but I wouldn't as that would be another pointless posts and I have no inclination to make pointless posts. Try scrabble you may be better at it. Another fool added to a growing filter list.

It is no coincidence that when a company has a fair share of short interest yet has strong share price momentum there are concerted attempts by some ( competitors/short funds) to shift sentiment. This often comes from a well placed article in a respected journal or newspaper or indeed a research note produced by a broker. Bankers, hedge fund managers, brokers etc are well connected, know each other from school, University etc and it is not that difficult for a few individuals to decide that from whatever reason they want to shift sentiment in a company or sector or individual. Some will decry this notion as a conspiracy theory but they will be Somewhat naive and not market savvy. This form of market manipulation happens often which reaffirms the importance of really understanding the company, its markets and potential and so it is important to retain faith when some throw a brick into the pond. The ripples will disappear in time.......

PERHAPS YOU SHOULD PAY SPECKSAVERS A VISIT AND YOU ARE RAMBLING AND NOW ON FILTER.

In my view the biggest issue which this company has to overcome is the fact that the Board failed in their duties to oversee proper financial mismanagement which has cast a dark cloud here. Yes a new FD will start to rebuild by what about the CEO? I bought in here recently as a recovery play and remain hopeful from a low base but perhaps I have been a little too optimistic. Good Results next month crucial to rebuild trust ie. to come in on expectations of previously reported loss but with a strong outlook for 2019 and beyond.

OD - no need to shout! Yes I do think you will probably sleep better at night collecting your 4% from your investment trusts. African miners are not for the faint hearted and this management team are not the strongest based on the last few year's performance but I am invested here and can wait for better times for my 25% target return which is what I expect from these sort of companies to reflect risk and time horizon.

Ab - as always time will tell if raising the cash when the market is optimistic was a smart move or a cynical move. I tend to think it was a smart move personally and with 4m shares at a higher average than many, have put my money where my gut instinct tells me to put it. You see, Gervaise is a relatively young and ambitious CEO and not at the end of his career where placings are often made to pay salaries etc. He did not have to do this now but he saw an opportunity. He is building his reputation in this game and having been blind-sided previously will know that he cannot afford to make another mistake so soon. This additional cash will help to fast-track the multiple exploration programmes and hopefully give them a stronger position as and when it comes to negotiating with the big boys who know all the tricks in the book in so far as paying the juniors diddly squat for valuable assets they have identified. I think he will be tough in negotiations and will want to be able to take his time as more transparency in terms of what is underground will enhance his negotiating position. I am not a mining expert but have been around the block a few times and get a real sense here that he is in a very good position so is ensuring that the company maximises value here on each opportunity. I am also pretty certain that he will be thoughtful about the timing of announcements based on interest, if any, he has had from his neighbours to improve leverage on his side. All IMHO.

Ab - so when you have cash on the balance sheet why would you do that? He has explained the reason to fast track exploration. This Board is looking forward to an intelligent explanation from you for that comment which has spurious intent.

Not on L2 at the moment but just saw a 5% improvement -10% to -5% in a few seconds! Hope some did not sell out earlier at that level as they will be felling pretty annoyed at the moment. Another improvement before I finish typing this note. I hope this does finish blue to day so management can see some recognition for the hard graft in 2018!

Mcco - no problem although the market does not like them!! I have been trying to buy with no success and keep reducing my order size but given up for now. Seems that MM's collecting and will sell them back to folks later on.

Mcco - I think you should read my comments again with your glasses on!!

My reading of these results is that a colossal amount of work has/is being done to turn this company around. The comparables are complex to follow as so much has changed with certain business lines have been exited, or run down, new organisation structures set up to control the business as ONE rather than a multitude of diverse business units to ensure uniformity in pricing and processes. Finance costs have been high but some of the fees are one-off arrangement fees so I would expect these to reduce in H2. IFRS15 adoption does not appear to have caused too many issues which I am pleased about. Do not simply focus on the top and bottom lines as that does not even start to tell the story and remember also that this is priced currently as a company on its knees rather than a company which is dragging itself up onto its feet again. Will the short funds run for the door - probably not, will the markets see the progress and think that the worst is now behind the company, who knows but this is a thorough and honest update IMO.

I am relaxed and looking forward to the update tomorrow. The low volumes and stability suggests to me that there have been no leaks. I suspect that DW and her top team are more than a little miffed by short activity and therefore will keep a tight ship so as to maximise the impact. I expect a positive, measured update setting out progress against what they said they were going to do. Assuming they have a good story, this builds confidence in the investor community. In addition to an update on fit for future, EFW, margins I would like some commentary on the FCA investigation which is hanging over the company and if and when it is put to bed we may enjoy some forward momentum.

Conveniently dropped today to allow MM's to acquire a few more to sell to those with instructions to buy under 40p. Take time to understand how AIM works and instead of helping to line the pockets of those who know how it works make it work for you by ignoring the noise until the company tells us exactly what is going on. MM's are in a privileged position and can, by their actions, create doubt and confusion which works to their advantage. Trust the facts you read, the official announcements from the company and your own intuition which is often better than buying or selling on day to day market activity.

Well this is what most expected albeit the share is bigger than any of us thought would be announced in one move and the price should now start to climb. At first blush it does not appear that any more cash/shares has been paid either. As a shareholder in BMR I feel more than a little shocked by the turn of events but hope that JLP shareholders start to see some form of recovery here and more importantly start to process these tailings which have been kicked around like a political football for more years than I care to remember!!

Newboy - this was always going to happen as Friday's uncrossing was distorted. Doesn't help I know and many shareholders irritated with recent Placing debacle including me but I keep reminding myself that this company has substantial, proven assets in the ground, strong backers and I have no doubt will be working very hard to secure new strategic backers. Yes this has been a setback but in the scheme of things should not impact long term value creation IMO.