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Hey - Joe Pooh, go do one.
Seller now done, hopefully get mountain permit in 2024,
They have 3 mines - just takes 1 to get going -
Downside is now in the price at half penny, hence the new investor.
That said, we are not talking big numbers are we with a market cap of 4m.
Fook you Joc pooh
Yes, I think they would like to sell as want the cash out as have other projects etc.
Just don’t think theirs a market for the shares at the moment, also if they were selling, perhaps would expect a TR1 Notification if they drop below the 20% threshold.
So for now in limbo, hope they do find a buyer for their 150m shares, just don’t want them drip fed into the market with any rise.
Hope BMV sort this TMUP out over the next few weeks and months - as it’s certainly put a spanner in the works, to their plans etc
I’m in and sticking it out, and hope it comes good.
Barry, I was not knocking your post, soz if you read it that way. I apologise and thanks for info.
Just venting at Southern Gold tactics of driving price down, they know with that size interest they are not selling and getting it away, so think they are playing games.
Hope they do clear off and hopefully we get some news on the TMUP soon
All best
Hey Barry, ok fair, tbh only read your post again as thought you were just posting the rns.
So - BMV should state in a new RNS that they are hoping/seeking a buyer for Southern Gold interest.
Otherwise just being driven down
Yes, looks interesting, £7m market cap with 3 mine potential.
Thinking a buyer on the sides for southern gold interest, though potential buyer is just waiting as we all know southern gold are short of cash and a desperate seller.
Good Luck
I’m with you Brixton, sold today 104, profit will cover Gas bill for next 2 years on a 12 week investment . - it’s *******s that I took this approach.
Our gas bill has gone from 165 a month Dec to Mar 2022/3 to 475 a month Dec to Mar 2023
Next week cold so maybe a tick up, GS now taken the baton on buy back, no doubt they have sorted their position.
GS have
If they drop back a little, it’s a great opportunity for CNA to continue their buy back, a brief look at the RNS’s indicate they have spent £91m, so another £159m of buy backs to go, I think they pass the baton between the 2 brokers at £125m.
Also interesting that no official RNS has been released by CNA about the press comments, though perhaps they are doing an internal review before they announce and update the market.