Member Info for bassguy

possible Yellow but depends to what degree I think. However if they bought the shares before then announced... shorters buying back into a rise with less float to feed it = more effective.

RNS hype spike or something else?
if the board decides to buy back shares do they actually have to notify the market prior or can they leave it until concluded? It would be funny if they just bought any shorting share before making an announcement, or am I a bit evil :)

Phil, delay probably due to me initiating Sunday night and probably a faur few sells monday morning, not worried myself tbf

What is that about £15million reserves re KRS, £11.6million current CAI share value should only grow this Summer mehopes.

Took 31 hours for my transfer from tally to bank, but it was done 8pm Sunday night and we are still beta ish I feel on this regard. I assume it is a bit more complicated than just shifting cash as gold is involved.

Yea Faramog, I was genuine it is fascinating and I am sure will unravel in a few months. Clearly the shorters knkw what they are doing. Am I right in thinking we ate making around $1m per week profit even at current prices

Still not sure why tax is involved, did KRS not own the project in the first place? We own the shares anyway so why should tax be a factor? I guess I am missing something really obvious

Based on today I get around £5K PER 1M KRS, nearer £6k based on recent CAI high of 3.4c from memory, may have gone a bit higher but cannot remember or be arsed to check. Plus Togo ??

It is fascinating Pdub, deficit or no the price is stable with little apparent upward pressure suggesting either demand is weak or supply is plenty, or both. There are many possible theories as to which, or why but patience is the key as usual.
I wonder what we will lean tomorrow..

I was able to transfer my gold holding into my bank account as cash last night whilst watching Top Gear, banked the profit, app showed the movement instantly but not shown up in bank as of yet but out of hours I presume. At this stage I assume I will get the value advised at the time buy the App, will report back if otherwise. It was clear gold would fall this morning, so looks like we can trade a bit with the tally app.

The other thought following on from your excellent post Sanchez, however the price is being supressed, in time this will run its course or the cupboard of tools will run dry, then....real market conditions will return with a bang no doubt. I have wondered is there are multiple avenues for supply, I guess the price commentators get their data form traders and some who are willing to discuss. Many may be buying direct perhaps and if a major player is flooding the market with stockpiles then this will supress demand, thus price, this cannot last for ever methinks.

We have a bit on the shopping list at present Knuttie :) however as I was saying, what they do next will highlight both the company thinking and how well things have gone in 2019 thus far I feel. Even if the company buy back the market still has to rerate the value to see any major changes to SP, a 10% buyback I presume will help this but if it does not, and who can say what will happen in the topsy turvy AIM, then even buying 10% back would only theoretically change share price by 2.4 pence on todays price purely on a fundamental level.
I was in RPC when they bought back and it did nothing as sentiment as low, then it got sold, not saying that's likely here however.

Thanks both
I have read (and enjoyed...) this but did not see it is a definite, my reading I guess? I also note they have authority to issue 30% of current as new shares suggesting there may be an interesting juggling act. I assume the 30% is to fight any hostile take over ( I hope is only a reserve capability).
If they are looking to acquire 111,000,000 shares (about 10%) then they need £25-30 million depending on what the prices does when buying starts, maybe a lot more. We need £60 odd million to pay for Vanchem by 31st July soonest if it goes ahead and there was £42 million cash in hand end of 2018. The next month or so will tell us how well the business has done this year as if all of this is done with no debt then things look pretty rosey to be frank, although I recall there was some talk of possibly taking a bit of debt for Vanchem. If shares are issued (30%) to pay for this then it seems odd to buy back 10% in the first place so i woudl expect some debt if required, not necessarily a bad thing
However my understanding is limited compared to some.
GLA

What is your source Alfacomp?

.now

Thinking on it more Alfacomp, any buyback would need to be significant to have any real effect on the price, some have muted £5,000,000 but this is only around 2% at current MCAP, hardly going to stain the shorters breeches?

won't matter Hamill23, the BBQ will have been ignited just by the announcement I imagine

clearly I spoke too soon earlier as there is a big push now, interesting since we have been in a range for a few days, now dipping/pushed down again...

now... buying op coming it would seem :)

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/289034/12-1069-eia8-minimum-obligations-of-market-makers.pdf