Member Info for BIGBangs

If the BoD are going to honour what they said in the RNS we should have an update on the PEA today. I was anticipating we would have had it at 7am so let’s hope we get good news from a release at close.

The RNS gives you his current holding and % and his previous % Bee so it’s all there.

Taken my holding up to 100,000 shares - that’s it for me for now will wait and see what happens over the next few weeks. GLA

That’s an impressive 1.3 million buy GP - confident or what?

Perfectly possible HH but I would prefer to believe that if the price is being held back it is to fill a significant buy order. We should also acknowledge that at this SP we will fall out of the FTSE 250 on 3rd September so some funds might still be reducing in anticipation, either way at this price on those results I am a happy buyer.

I have taken a little more time to read through the latest RNS although none of us on this board are potential customers it does seem to me that the product is actually very clean compared to its competitors and therefore a worthwhile option for those that are forced to borrow money in this way. As the market leader I believe that AMGO will actually benefit by increased scrutiny and regulation and they are best placed to modify and adapt their systems to make a very decent profit without exploiting their customer base, it will also act as a barrier to entry to more unscrupulous lenders. Taken my holding to 60k shares. ATB.

Everything suggests this has been oversold - taken a speculative 20k shares. ATB

I agree Tiger - on the 16th July FRES was trading at £9.21 with silver hedging toward $19 and a short squeeze underway I can’t see anything to stop us reaching and exceeding that fairly quickly. My new target is a strong £10 if silver reaches $20 or even $22 which momentum might suggest it will then £15 is certainly on the cards. ATB

If you did that on purpose MrC then well done - very funny.

I have probably bought at all of those levels cud - I will certainly be holding - I know value when I see it.

I agree HH, I am certainly holding for £8 probably £10 then will review. I don’t tend to trade too much, I prefer to take a largish position - normally in an oversold stock, which comes with its own concerns and hold until it returns to a normal trading range. This can be stressful as with MTRO, in hindsight I jumped in too soon but have averaged down and increasingly confident that it will come good. ATB

Because few of us are aware of it and when choosing a broker it would not be high on my list of priorities.

Not detailed but confirms my point:-

https://www.investopedia.com/ask/answers/05/shortsalebenefit.asp

Sorry I don’t have a HL account - I will not argue with HH as he is normally correct but most brokers do - give yours a call and ask them.

Since suggesting it I have set a sell up on one of my accounts - they will only let me do it within a 75% range of the current price so I set at £4.90 and will make a point of altering it as the price changes.

You may be surprised to learn that a lot of the shares that are shorted are yours. You hold the shares in a broker account - your broker will lend the shares to the shorter and receive a fee - no risk for the broker and you carry the can, your agreement with the broker will cover this in very small print so perfectly legal. I understand you can prevent this by putting a sell order at a high price say £15 for the shares you hold this will stop you broker from being able to lend them out. I might just do that tomorrow, if we all did it could have a significant effect.

Actually Just had a quick look over my 3 accounts I made nearly £300k so I am pretty happy - should have been double that if we had achieved the proper value for ACA but I accept that you are getting closer to its true value than I did.

Hang on a second chaps don’t get too carried away. I made over £200k here so I think I did ok. I already can’t remember the exact figures but let’s say I had 275000 shares and sold at an average of say £2.45 so my loss by not holding is 30p per share or £82,500 well I am making more than £150k on Fres / SRB and my profit on INDV is nearly as much as my losses on MTRO so although I applaud the money you have made since I have been gone there are uncapped opportunities in the market which have not invested in as you hold tight to ACA - no criticism intended just a little reality check.

We can sometimes become flippant about money when we are invested in gold mines. $36 million is a lot more that the market cap of many listed companies and this is just extra profit for RSG so let’s celebrate the good news - there is not a lot to be had from the market as a whole.

As put is sell I will correct my post ‘quick punt’.

Franky - vegan food now the no1 takeaway in the UK - apparently lab grown products are acceptable in that market so can’t be a bad thing. Good BoD and spread of investments with ANIC so I have taken a quick put at 20,000 shares. ATB