Member Info for bandit1

Everyonesawinner - yes indeed the poor market makers are struggling just look at Winterfloods results recently in which they winge about low volume and that they are struggling to make ends meet. They will try every trick in the book by searching for stops to selling between market makers by dropping the bid to fill orders to dropping the bid to allow mates cover shorts. And for balance in a rising market with the opposite sentiment that we see in the current climate they do they have another toolkit to acquire volume to make ends meet. I could go on and yet we still get wags on these boards, with no market knowledge, saying that there is no manipulation ( cough cough) so don’t think anyone will be feeling sorry for the poor market makers. I spent many years in the markets and know exactly what goes on and a lot of it is not pretty so having belief in your investment by DYOR is the only way to avoid the noise and the games. Usually we see the UT below mid as shorters use direct market access at auction to sell at the most recent lows so this is a rare treat today!

Yes it does seem that there are countless attractive small caps which are struggling despite promising potential. Combination of very poor sentiment, limited PI interest and low volume and the odd seller. Not convinced that there is a lot of selling and certainly not LO who would have to report moving through each threshold. They know what they are sitting on here and by taking a punt in the early days they will fully expect to reap the rewards in years to come whether that is some form of corporate action or the generation of steadily increasing profits over a few years which will transform the share price. Important to ride out the storm to make money in these markets. Market makers are struggling to make money ( see Winterfloods results) which tells the story. The Futura is bright!

At last some positive news here. The acquisition will in time prove its worth I am sure. Like so many other small caps there is not much cheer and at times like this and you need patience and liquidity to be able to wait for better economic times which will come around again - it always does.

Yes granular detail on sales is important but it not the only thing that matters as we have new launches around the world, updates on Haleon’s plans for the US and a launch timetable for the world’s biggest market would be nice. The news this morning is terrific but just part of the overall puzzle which should put a floor on the share price if one follows logic but this is AIM. New traders will be buying this am no doubt along with some longer term holders seeing how cheap this is a 45p. A series of regular commercial updates would be good to allow some positive momentum to develop rather than this stop start pattern.

Krull - it is frustrating if you are stopped out but one assumes that you placed the stop at that level for a reason and that you had a clear strategy. I have never placed a stop on an AIM share as the market makers and their cohorts make their money by collecting shares ‘cheaply’ and when they have enough the price will be walked back up. That is why traders love AIM as they know what is going on and take advantage of it. I have been in the markets for a very long time and know that professional teams working together know how to ‘play the game’. When you have a company that has great prospects like FUM on the cusp of something exciting, there is quite an incentive to drive the stock down after news in the hope that you can collect cheaply before the next news. I use these ‘events’ as an opportunity to buy more and just did to add to my investment and will continue to do so. Play them at their own game if you have the liquidity to do so. Haleon thinks that FUM will do very well in the US apparently and you might think that they know their market a lot better than any spiv.

Well, I think that SD has been saving up his announcements to release this week ahead of the THM. And, cynically, he will hope that this takes the heat out of the RNS yesterday with very soft performance targets which disappointed me. This is good news however and many of us lth’s have been keen to see progress here as we have historical data to guide us suggesting that we could see a high probability of some exciting drill results on a 100% owned tenement in the near term. One thing for sure is that if you award yourselves big incentive opportunities you need to step up and deliver. Let’s hope they can start to do this.

Apart from Lombard Odier ( 28.5%) there are no other institutions with significant holdings so the PI base is large. This is why LO will have a big say in any future approach as their votes are essential for a successful deal to get over the line. As always with small caps there will be people who trade this for 10% gains but for those who have been around the market for some time will tell you, the real gains are made, assuming that you have the liquidity, by picking stocks which are unloved/ under the radar and holding them until the ‘market’ wakes up to the potential. The UK market is unloved almost across the board with a small tech sector and challenging economic and political backdrop atm. FUM is under the radar and I would like to see some new and experienced commercial people join the company to support the management team as they grow. The BofE were very slow to react to inflation despite the signs being obvious to a 16-economics pupil and our lack of energy security has forced us to buy expensive energy etc etc. This has affecting all UK listed companies.

This will be sorted out in due course and money will return to UK stocks and those which have a product which is somewhat differentiated and is promoted skillfully, will do very well. This is still early days and the ‘ show me, don’t tell me’ attitude in the markets and the regular sales for the 10% crew when it rises above 50p is enough to keep it down, for now. I have a longer term horizon and a price target of 150p which could be achieved in a couple of years based on a good US launch. Just imagine if we are selling 5m units p.a. in a few years time which is quite possible and the share price will be multiples of where we are today if we continue to exist as an independent, which IMO is very unlikely.

Terrific proactive interview and I do like the fact that JB is now ‘ shouting from the rooftops’ as the blood, sweat and tears of Pharma development and the associated risks are in the rear view mirror for Med 3000/ Eroxon. I was previously critical of JB’s downbeat demeanor but I am delighted that he now feels he can, publicly, bask in the glory of revenue generation and a very healthy cash position so we have no concerns about dilution into the future. Whether new innovations such as promoting for the female market are likely, time will tell but the management team are not sitting around twiddling their thumbs with numerous new commercial deals and a US launch to think about in coming months. Must be good fun going to work atm and in time the market will catch-up but for now we can sit back and look forward to what I hope will be regular updates on the commercials deals, patent extension when agreed and the US launch timescales etc. Finally, I sense that they were cautious in giving forward guidance ( excluding US which is significant) which IMO is eminently sensible as the real money to be made as a shareholder will not be this week or next week but after a year or two of increasing revenue and the establishment of Eroxon as a worthy competitor to Viagra and Cialis and an innovator in the growing sexual health markets across the world. In the meantime if someone wants to buy us then they will have to sweet talk Lombard Odier and I suspect that they are as excited as we are about the potential here so in the event that we do attract interest they will drive a hard bargain, that, I have no doubt. The Futura is bright!

Well I am a much happier man this morning after reading this RNS. The savage drop from 9p to 6p based on the piece in the Aus rag and the increase in trolls on here made me, like so many other lth’s very frustrated indeed. Many PI’s ( including myself) have written to SD expressing deep concerns about a raise just to appease new Aus funds (at a rock bottom price) and whilst a raise to finance a revenue generating asset purchase may have been acceptable, that does not appear to have been on the cards or perhaps shelved. I think the GGP BOD read the mood music and could not risk putting a new proposal out for a vote and not receiving the required support but these are just my own musings.

It is also crystal clear to me that the relationship with Newcrest has deteriorated badly hence the hook up with Rio. Newmont will shortly have the opportunity to either put things back on a proper collaborative footing or divest the assets ( Telfer and 70% Hav) which provides us with a terrific opportunity. In Newmont new shoes, if they really like Hav and the prospects in the region they may want to get closer to GGP and not push us away into the hands of other majors, time will tell. I do hope that our experienced Board will have had conversations with senior executives at Newmont in their network so that the decision makers are aware of the developments which took place over the last 12 months under SB’s tenure as I am in the camp which would prefer that we take things steadily from new MRE, FS, DTM then we would fund our 30% share of ongoing costs to start producing from generating free cash flow. In short order we could comfortably pay down debt, fund exploration on other jointly and 100% owned assets over the next year or two and list on ASX from a position of strength rather than weakness.

Let’s see what happens next as it is difficult to calls things accurately here but the updated MRE is coming before year end and probably after the takeover of NCM so let that be the catalyst for a recovery in our fortunes after a bruising couple of years.

Whether it was Wyloo who instigated this option or the BOD themselves or perhaps the new Aus investors were playing hardball for a heavily discounted placing given market conditions, we will probably never know but I am certain that this is the right decision for existing shareholders at this time

Aha - you must be a BOT!!

Folks here need to be a little circumspect about what this geezer BelgianBert posts on here. I have filtered him today. In April he produced totally random sales figures suggesting a target of £1.50 then he declared his strategy of selling on the FDA news. In June he spouted another target of £1.20 based on random sales figures. Today he suggests that the company is worth only £7m based on even more random sales and margin numbers plucked out of thin air. Now, we can all produce number out of thin air, assume modest operating costs, apply an industry multiple and come up with a totally meaningless figure. More knowledgable investors will attribute some IP value, will forecast potential market share %’s in the markets we are about to enter over a period of years and produce a range of scenarios just like the brokers have done and importantly what our Belgian friend has failed to do. Funny that. Best to ignore folks as his musings are not worth reading. And yes, you have guessed it he is probably not invested atm and is waiting to get in as low as possible and will post nonsense hoping to help his cause. Sad but this goes on every day and hopefully most can see it a mile off. Hence I have filtered so don’t have to read his reply.

During my corporate life I was involved in a number of JV’s including negotiating the contracts and sitting on committees thereafter. What I observe from our JV with Newcrest is that SD appears totally detached from any of the important decisions and appears to have to react to them when he sees the public announcement. Now if this is the case this is obviously not how the vast majority of JV’s work or should work in practice as ideally it should be a true partnership with regular discussion and debate with the stronger partner having the final say on points of difference in accordance with the JV agreement usually aligned with the larger holding. There would often be an agreed communication strategy even when they were differences to show a united front. We have seen none of this. SD talks about his desire for alignment but it is clear to all that this is not happening! So, I can only conclude that SD has tried but failed to influence Newcrest since his arrival but will not allow his failure and potential frustration, to show in public. This is clearly highly professional and controlled behaviour with a long game in mind but it can appear that he is not being tough enough to shareholders looking in from the outside with the minimum of information as to what is going on behind the scenes.

He has surrounded himself with very capable and experienced corporate people so is not short of wisdom to navigate which has been a highly complex set of challenges. No-one on here can be sure if he is playing the right game here ( time will tell) and indeed he has almost no control of the major decisions so we have no choice, if we are true lth’s, to trust that our Board are doing the best for us as shareholders however frustrating that feels at the moment. There will be key decisions for all shareholders to take in the coming months which we can hopefully vote on and that is the time to exercise your right if you feel that the proposals presented are not in your best interests. I will certainly expect all historical data on drill results to published in an updated MRE before I back any major decision. To do otherwise would be nonsensical so I expect the Board to do the right thing and allow the markets to properly recognize what the company has achieved over the past 18 months. Perhaps we are waiting for the vote, perhaps not, but to consciously withhold historic drilling data which the market uses to attribute value to explorers like GGP, stinks.

One thing I am certain about is that SD will never allow himself to be locked into another JV agreement with a partner ( choose your partner carefully) who gives him almost no wriggle room and leaves him scraping around trying to make the best out of a difficult situation.

I do think this will end well as the Havieron asset and land holdings are just too attractive and we have a lot of intellectual property on our side but what shape this will take, no-one knows. Keep the faith.

Only Fanning would find people like this to deal with. You couldn’t design a more obtuse website if you tried. Next there will be a new potential lender with ESG credentials to balance the core business of oil production, Bill and Ben the flower pot men! You could not make this stuff up. Tosca has belt and braces just in case this all goes Pete Tong. And meanwhile the share is still suspended with no prospect of a return from suspension any time soon. Tick tock……..

Fully agree that CNIC is bucking the trends seen elsewhere. The market will at some point catch up but across the UK markets good results are often being ignored with fewer private investors ready to get back into equities never mind small/medium caps. The tide will turn at some point probably when it is clear that interest rates have peaked and inflation is under some level of control. In the meantime our management team will continue to grow the business organically and inorganically and buy back cheap shares if no-one else wants them!

Our non-exec Chair is a highly experienced and very successful PE leader who was managing partner of 3i. For those that don’t know much about private equity professionals, they spend their lives valuing and investing in companies. So, if he thinks WJG is a good investment at this level, I think that should tell existing and potential investors all they need to know about the companies prospects going forward. Sure a possible sale at much higher levels is always possible but when a new CEO is appointed, and we see the prospects of gradual reduction in interest rates on the back of reducing inflation, I am certain we will see a strong recovery here over the next 12 months so I bought more this morning.

Yes the sector has been pummelled as is normal during a period of high inflation and interest rates. Many will have sold out ( including institutions) over the past year and are waiting for a signal to come back into the sector. Early days but the inflation news today is welcome and a couple of months of falls in the same vein will build confidence for money to come back into equities. A very good entry point for a 12 months + hold.

As always the market makers have a field day and will never miss an opportunity to punish a company when a CEO resigns out of the blue. I expect that he has either secured another role or more likely the Board felt that he was not performing despite the obvious mitigating factors of the poor UK economic position. People will know that there is almost always an overreaction to the downside as we also see on the upside. Over time IMO this will recover steadily particularly given the potential that inflation will continue to drop steadily across the rest of this year followed slowly by interest rates. Equity sentiment will recover much more quickly than that ( it usually does) and there will be few better entry points than under 50p. In 18months we have seen an 80% drop in the share price which is comical given the contracted developments so time to wait for inflation, interest rates and sentiment to improve and the share price will follow suit IMO.

Yes the UK market is comical atm and I suspect that market makers are making little or no money these days hence the wild and illogical swings we see not only on AIM but on the larger cap indices too. It smacks of desperation just like some of the posters on here. UK Pension funds have exited UK listed companies over the past couple of years and focussed on overseas stocks and government securities and now that interest rates are higher than we have seen for many years, risk free returns of 5% are available ( T-bonds and gilts) so fund managers have taken the safe option to the detriment of listed companies. This won’t change a great deal until inflation is brought under control allowing interest rates to come down. When this eventually happens those same fund managers will have to work harder for their returns and do some research again into stock picking god forbid they are let loose again to do that! In the meantime if you have capital to allocate and time on your side investing in attractive growth prospects like Futura will IMO prove to be a good investment and this will become clearer when granular data is published. The lack of this data makes it too easy to knock potential future returns as we have seen today. You are either a believer that a good team of partners is being established to drive the growth of new sales across the globe with more to come and a very attractive free cash flow stream or you think that the Board will blindly give away everything that they have worked for a measly few % royalty deal. I think that I will back the management team to optimise returns now that we have reached this point in time after many tough years and I will happily wait for a year or two before the obvious potential is reflected in the financials.

Similarly, I have it down this week but not absolutely certain. Someone has just invested £2.6m today or at least it looks like purchases just ahead of the anticipated update which is either pure coincidence in anticipation of strong trading outlook, or they have inside information. Of course it must be the former as no-one ever gets convicted of being an insider do they? I am heavily invested here so looking forward to some good news so we can re-rate.

Bottom-picker. As Anthony pointed out you clearly have difficulty reading the detail provided in the RNS and ‘conveniently’ make a post which makes no sense to anyone who understands the RNS. I suspect that you sold this morning on the spike and no doubt will buy back in as it drops. Just to be clear I have no problem with people trading this who don’t attempt to mislead but most like me will have issues with people who post nonsense in the hope that others may sell to assist their agenda. Which one are you I wonder?