Member Info for bigbench

The wider market is taking another battering...ftse down nearly 2%

Nothing has changed for me Gordon.... It Seems to be annoying some impatient investors though and they need reminding we hold all the cards in this dispute. 28-29 seems to be the floor for the SP so we may get a decent bounce like last time it dwindled to this price.

I think we will hear something pretty soon...

Well if this was being shorted and the price taken down...and probably activating some stop losses then once the shorts close the bounce will be good. Once again a traders dream and maybe some have bailed thinking this could a be drawn out affair....but OEX have taken this route to avoid the long drawn out court case so a quicker resolution is on the cards. The boards legal team will know what they are entitled to and what they want from GSPC and my guess is they will want this sorted ASAP so they can get planning for 2019 drilling. I can't see it driving to much more as the buyers will be swooping in like Vulchers at this low price,

Looking at the timings 10sec apart...same numbers probably a rollover...the price would of surely dropped if they were sells

Not defending the lack of updates but just comparing this with another stock I'm heavily invested in...

The director was always tweeting and sending out ultra positive and upbeat messages and us PI's would try and disect every single word or phrase he used....analyse and then over analyse it to death....if something was the slightest bit vague or not conclusive the CEO would be bombarded with 5000emails from investors trying to find the secret message that wasn't even there in the first place.

If CP has got some positive updates on the AGM or Tally money then I'm sure we will hear it....if he just puts out an RNS on the Finland gold mine everyone will be going mad asking where's the feckin rest of the RNS...what about Tally...relist ......India .... bla bla bla.

Sometimes it's just best to keep quiet to avoid any confusion...then drop the mega upbeat bombshell when we least expect it.

Volume is pants...not even 50m

it will be all sorted before Christmas...back over 1p by then. (or no presents for Mrs Bench)

I do hope CP is hard at work behind the scenes with tally money trying to get the platform recognised worldwide and if it's not convienient to hold the AGM on the original date then fair enough if he is globe trotting championing the product........but have the courtesy to let the long suffering shareholders know.... Is that too much to ask?

Frustrating as it is to see yet another drop for no reason things always seem to be exaggerated here when the wider markets are being battered. The Dow was 3% down last night...oil price under more pressure...OPEC meeting soon which is full of uncertainty.... And to top it off we are drifting on no news from the board on how talks are progressing.

I still think they are further along that most here imagine and an update or final outcome can't be that far away...couple of weeks at the most my guess.... But one silver lining in this current cloud is the potential upside as it can't really go much lower! I will be topping up by the weekend if it goes any lower as this is oversold IMHO.

Looks like a buy to me..... Abit oversold here but the wider market is taking a battering as well which is not helping us.... Positive update on talks needed.

That's low low volume. Mm's walking it down Amy chance they get. We need an upbeat RNS saying talks going well and ending soon.

Glad to see your still with us here MJ.... You must have quite a chunk invested then as I'm in for well over £150k probably closer to £200 k if I'm honest. The future of tally is what I'm most interested in as my other half is in banking and I'd like to get the jump on her as she thinks she's knows everything! ;-0

LOL

best bit...

Finally, it was made clear to us this morning that management are optimistic that a resolution will be found with GSPC and we believe we are thus now in the “last innings” of this protracted dispute.

…… hence why I cant see this being much longer.

…

1. Firstly, we have been asked about Republic’s sales and whether there is anything to read into this. We cannot comment for Republic save to make the point that they reduced down on the equity side from 13.7% to just over 9%. Republic of course still hold the loan with warrant attachments and given that the warrant element is now resolutely in the money, should they convert this proportion their direct equity stake would actually increase relative to the prior position. Taking advantage of this situation is good risk management and we cannot criticise in any sense this approach.
2. As per the RNS of 5th November per HERE the key line to pay heed of is this – “Notwithstanding recent events, the Company will continue to seek an amicable solution in good faith for all parties provided that any path forward meets our obligations to the GoI to develop Cambay.” Silence by the company at present should not be taken as no progress and we believe that given that the arbitration procedure is now finally in motion that the most likely outcome will be a negotiated solution. Per our stance HERE re our assessment of value, under almost any scenario of a negotiated settlement there looks to be material upside for shareholders given that our base case price per share under Scenario One is near 3 times the current stock price.
Finally, it was made clear to us this morning that management are optimistic that a resolution will be found with GSPC and we believe we are thus now in the “last innings” of this protracted dispute. Accordingly, we were pleased to be afforded the opportunity to add to our position yesterday at sub 0.3p and will add again on any weakness.
DISCLAIMER & RISK WARNING

….cant see to remember another stock when director takes shares in lieu of cash...it goes down 10%. Come on lets have some positive updates to blow these mm's away

Not hard hard.....it wouldn't cope!

...have been very quiet this last week

....down 13.2%..... No comment from Yuri on this if you please.