Member Info for bandit1

Many on here will have awaited market opening on other retail shares this month with great optimism as I have when excellent guidance is delivered on to be disappointed. Don't be spooked if the reaction is not what you expect as we all recognise the ' buy the steak, sell the sizzle' market response. With potential corporate activity in the background this may have a impact on retaining the interest of traders for the time being but extremely difficult to call market reaction these days with heady valuations pricing for perfection.

I assume you are aware that there are precedents (Red Rock Resources) where the Chairman has pursued bulletin board members for unsubstantiated and defamatory comments so I hope you know what you are doing. As others have said, we must assume that professionals have done proper due diligence and we can take comfort from them rather than an anonymous poster on a chat room. I suspect that Most sensible shareholders will wait for hard evidence before panicking too much don't you?

This is one of these shares which, through boredom, people sell as nothing happens for weeks or months and it is easy to doubt that, either Etinde will be monetised in some way or COC will declare their hand in a way in which we cannot quite see right now. It could months for something meaningful to happen but when it does I think it will be worth waiting for.

Whether it is spread-bets or hedge funds or other entities it is a normal function of the markets. The extent to which it is happening here is not that clear but one can safely assume it is modest and a few small % max of under 0.5% positions. Concert party rules apply to disclosure in the same way as in a takeover situation buying through 30% ( Rule 9) otherwise everyone would fragment their holdings to avoid disclosure and reporting to hide positions for their own sordid purposes. My own view is that the rise early Jan was overdone and with a smaller free float than some companies the price will jump around a bit on relatively small volumes making it tricky to trade. I prefer to hold for bigger gains here when we release more news in the coming months either about offtakes in Mexico or as we develop the feasibility study on the German/Czech border. Future fund raising is in the background but that is not a problem to me when the asset is worth financing after all it is not like many placings you get with AIM miners which are merely to fund directors salaries.

History of failed promises is coming back to haunt them despite a lot of promising activity particularly of late and they have been very busy so I think that has delayed the updates to be fair to them. Show me don't tell me springs to mind here as far as the market is concerned and who could argue with that. What I am encouraged by is that to raise �4.5m from Miton and high net worth individuals they would have had to provide a lot more convincing material before they invested client monies in a piddly AIM company and much more information that we have access to. Leon and Colin would have been grilled and the investors would have researched in depth so would have been aware of previous false promises but despite that something has convinced them to invest a significant amount. Time to stick with this until some more info trickles down to us lowly PI's and hopefully that will be the catalyst for an upward movement in the price. As always some will sell and move on to the next opportunity which is their prerogative and these moves on small volumes has a disproportionate impact on price.

As someone with a healthy risk appetite it was a tough decision for me to sell-out this week as I had high hopes for IRV's recovery. The more I read about high debt levels, wafer thin margins, sector disaffection, new IFS rules for revenue recognition, it made me reassess my investment. Even the short positions ( over 0.5%) increased during the week, albeit marginally, when I expected it to reduce. As part of my assessment, the sad demise of Carillion could mean that the government will be ultra cautious about renewing/awarding new business to IRV until they reduce their debt pile (�535m) against a market cap of �180m. Why would civil servants risk awarding new contracts to them at this time? Do I think IRV will survive - yes I do and hopefully it will prosper but there could be a tricky few months ahead. I would like to see the short positions and debt levels reduce and the Banks renewing their facilities with covenants set at a sensible level so we don't see a breach only after a few months. There is a good chance I will re-invest here again so I will avoid posting until I do save to avoid a plethora of abuse which often follows a negative but, well meaning post,

I agree that there is likely to be an institution or fund or investor keen to get in at current levels and with a smallish free float they will incentivise MM to help them to do so as they have to buy in the market. I think the the drop yesterday was orchesrtrated to help a big buyer get in as the volume was insufficient to justify the drop and the price action today supports this theory. Hope this is correct as the more institutions in here the better.

This Board is quiet and the share price is treading water given the poor job that management are doing in keeping shareholders informed of what is going on. I have been in touch with the company a couple of times and they recognise that they are saying nothing at the moment and simply refer to the next announcement on 29th. I reminded them that directors have a duty to keep shareholders informed when a foreign government seizes assets worth a significant amount implying that employees have been working with government officials to defraud taxpayers. No word on trial of the government officials and we have the small matter of a breach of banking covenants yet to be positively addressed so we are flying blind until we hear otherwise. I sold down a fair portion of my holding a few weeks ago to de-risk due to poor information flows which , in my experience, is usually a negative sign as company management are very keen to get good news out there asap and delay bad news - human nature I guess. So, hoping that the news on 29th is worth waiting for and we get some good performance figures and clarity on Tanzania.

The managers of this fund must be cursing the last 6 months. I was invested heavily until Corbyn and his sidekick McDonnell did their damage pronouncing that they would bring PFI's back into public hands. I sold out and have been looking at a possible entry point back in as the risk of a socialist/Marxist government reduced. Harsh reality is that government do not have the skills to manage these large, complex and strategically critical projects. I fully accept that the private sector are not perfect either but much better when all things considered. Who would leave the private sector to work in a Labour government on these projects? Some may do so for political or altruistic reasons but not enough but they would have to respect their manifesto pledge and it would be a mess. The sector is under pressure and will be sold down for a while. In my view it will take some time for confidence to return so unfortunately it is unlikely that I will re-invest until sentiment changes. This is a pity as infrastructure investment is essential for economic prosperity and we need more managed professionally not less.

Yes a few sells this afternoon but to drop almost 9% in an hour of two, so over �10m wiped off the market cap in a heartbeat is a farce. I should not be that surprised after trading/investing for over 30 years but it does nothing to encourage new shareholders who may not expect this level of volatility. Thankfully, I am in a position to benefit from a low entry to invest more now so all good. This is a very exciting business which has great potential with some heavyweight shareholders, attractive assets and a voracious appetite for their lithium.

Not that surprised that they have moved IRV to SELL as they have made a few bad calls recently and they are worried that they may get caught out again. Highly unlikely in my view that we won't recover as a company this year as long as the media don't search around for a story that isn't there.

It is incorrect to say that shorters perform no function. It is a useful hedging tool if you have long positions elsewhere. The outsourcing sector has had a tough time of late with CLLN and just look at Capita and some others so some hedge funds will be long say Tech or Basic Resouces and short supoort services. They can also help liquidity. Of course we can all curse them when we are long and stock and there are significant short positions. Go back to basics and assess fundamentals and if you believe this is a recovery play as I do stick with it and ride the bumps. I would like to see the hedgies reduce their positions here but we will see that in the share price before we see their disclosures.

For a reduction in short positions in a few days as I have said previously. If I was a hedge fund with contacts in the media it would be an ideal opportunity to get out at �1.03p earlier today or at least buy some at that level rather than at �1.20 or above. What I would also say is that with the reduction around 6% down now they may never get a better chance to exit!!

I was hoping that we'd would see a 7am RNS from the company addressing some of the reports today ( FT etc.) citing that the government was monitoring suppliers including IRV! No surprise to anyone that they should do this but nice of financial press to focus on us and to put more pressure on management and shares. A story however i'pactful is more important than the impact for journalists at times. Fasten your seat belts.

Yes that is correct they are almost certainly buys but this happens all the time and I t is irritating as it may encourage some to act but it can happen the other way too with sells shown as buys.

Pleased to see that appointment with her experience we should avoid the banana skins of the past in submitting accounts! Also, this hints that the transaction with MW is looking more likely by the day although still have to wait patiently for clarity and all important detail.

The 250k on the bid earlier has been broken down and being executed at 33p - shown as sells! This will carry on for a period but eventually it will move upwards at a pace in my view.

In the past when companies issued updates above the upper end of expectations as we have today I would have been extremely confident of a significant uplift in the price over the coming weeks as analysts update their spreadsheets. These days it seems to be much tougher to impress the market unless you are in the tech sector or involved in blockchain! Let's hope that management, employees and shareholders are rewarded for doing a good job here.

This is my understanding. Shorts sellers borrow stock which they sell for cash. They usually have to buy stock back to close their position and return the stock. When a company goes bust they don't have to return the stock as it has no value so they optimise their return. There will be some very satisfied hedge funds today which will make it even tougher for shareholders.

My view is that Cariliion will survive with debt/equity swap so poor shareholders will take a lot of pain. Any adverse impact on sentiment within the sector is already embedded as this is old news but Interserve could benefit where there is overlap and some of Carllion clients get cold feet but impossible to know. Frankly, there is a lot of work still to do restructuring and delivering efficiency benefits to plug the profit gap left by the EFW debacle so that is where management attention is. Certainly worth keeping an eye on short positions but modest rise so far here following the trading update so don't expect much reduction. If you look at the total number of shares borrowed, to buy these back quickly in the market would result in a huge rise in the price so they will be reduced gradually and only modestly in my view until the new banking facilities/covenants are in place. I expect the price will stay under 130p until then but if we see a positive outcome I expect it will move ahead more rapidly at that point. As always, time will tell but much more upside here now than downside.