Member Info for bluetigeruk

Yes BB - that was actually the point of my message

Or maybe they float apart as gasses ? I dont know - but i am guessing thats too convenient.

Now ask chat to work out the cost of separating He3 and He4 and what cyclotron type machines are required to spin the two molecules apart?

Their drilling and geo team will beunder huge demand for 2026 - i am guessing they have said if you want us to be booked for 2026 to keep working we need to know you have the capital to pay us - thats what this raise is for - to show that the exploration can continue without losing the team to a better funded project.

Yes agreed - really strong board advisor just appointed

Yes LOTM - and the very big pile of sexy sand is valued at 1.4m in the b/s and now at 1.4bn in this reverse t/o - i note that they bought the right to the sand for £1,000 plus a revenue share - and have no cash - current assets - its all on companies house if anyone wants to read it for free. Thanks Blue

Wow 300% rise - congratulations everyone - not a share i have seen or heard of until today - but good luck to you all - Thanks Blue

Yes Dr R - thats whats called an off market placing - not new shares - Newmont speak to the company broker and say i have 10m shares to sell - and the broker then rings around and places the shares with various buyers in size - and then its reported as an agency cross - off market - say the price is 22/3 then the broker will buy from Newmont at 21 and sell to the new buyers at say 22.5 - they will also add comission of they can get away with it to the buyers. Then its reported as an off market transaction (an agency cross, normally by the dealers at the end of the day).

New issued shares are treated differently - they are made attractive by discount and warrants - its saves underwriting fees - given a book building period and then once the new issue placing value is more or less there then the placing takes place and the new shares are admitted to the market. This is how it works - it was my job for 4 years. Believe what you want - this is how it works. Thanks Blue

Retired - wholly agree - i did Small companies Institutional sales many years ago and institutions buy on share placings and sell off market via off market trades. Rarely do they buy in the market for very small AIM or AIM cap companies. The institutions will buy in next raise - whatever that looks like (i guess £5m ish) - and then they are ready to add if there are future rounds that grow the story and shareholder value. They always get a discount for placings that dont have any underwtiting - plus often get warrants to give the placing a future benefit option. This suits everyone because if the story is agood - a further £5m arrives by warrant expiry - say 2 years. Very small - very specialist funds may do something in the market - family offices - possibly - but they will be well serviced by brokers if they are in this end of the market.

While im here. Market Makers dont go very short or long - they dont accumulate shares very often especially not in AIM shares - they cant - they would exceed their book / risk envelope. All they do is buy and sell across the touch (spread). MM wuld be 100% happy with a high volume share that never moves price and just trades in nice steady flow. In fact volatility reduces the book position they are allowed - it doesnt increase it. Its simple risk management - they want volume its that simple.

Thanks Blue

There is no investment case - its a value trap - until the 10m capital has landed AND there is a clear project plan that delivers offtake then its a sitting duck im afraid - what if the other £7m or whatever never gets converted - these are just call options really - its not actually a commitment to buy shares - just an option to buy shares at a discount - i dont know - its all a bit unclear to me at the moment. Thanks B

Foxy if you are going to buy in that vol why not contact the brokers and tag onto the VWAP offer - it will save you $$$

This is what is driving your shareprice down. You have investors with rights to convert into ordinary shares. They convert at 80% of the VWAP value of the share price for 10 days preceding the conversion notice. So to convert they are rewarded with the lowest share price possible. So far just under 30% have converted - so this still leaves 70%. Also on conversion there is a dilution effect as well on the cap table - so its a double whammy. Also until all £10m have converted the capital is not inside the business - so thats a triple whammy. As the price falls stops get hit and the market knows this is shaking out investors and the MM are probably about as full as they want to be with shares - so they keep hitting the share price offer lower to see if anyone wants to come in a soak up the supply overhang - so thats 4 x whammy's to deal with.

The upside is that once this clears at say 22 - 25p ??? then there should be a recovery - and quite a strong one.

Anyway thats my read on this price action - hope it helps and reduces some of the conspiracy theory - thanks Blue

The Investors may elect to convert the £10 million Advance into ordinary shares ("Ordinary Shares") in the Company at any time and in any such proportion as they so choose upon delivery to the Company of a notice of conversion ("Conversion Notice"). The conversion price will be an amount equal to 80 per cent of the higher of: (i) the lowest single daily volume weighted average price ("VWAP") in respect of the Company's Ordinary Shares during the 10 trading days immediately preceding the date of the Conversion Notice; or (ii) 92.5 per cent of the VWAP for the 10 trading days immediately preceding the date of the Conversion Notice.

Yes Warrie - correct - BUT - to explore 12 big sites costs a lot of money and is very dilutative - on the other hand if we get a +ve in Red then that will be used at some point to start looking at other targets - but its a huge area and very tough for a small explorer with 1 drill rig ! And thats the cash burn the current raise justifies - maybe 2 - but after that the cash gets smoked pretty fast. Longer term and in a JV - sure - but not under the current balance sheet.

DL is a low morals share promoter - he has a terrible record of pump and dump - BUT - he also knows the W Australia brokers and short term investors very well and so he can bring the pump to an expanding story - but he wont stick around very long and is only acting for his own account and the 20 or so investors who are close to him and jump into these stories - just be aware that when you think hes buying - hes selling - its a fact and i have seen it many times before - anyway the drill will make the story going forward - the pump is already over, but be clear if its pump and no drill - the dump will be pretty big - 75% down in my opinion - Thanks Blue

Even if the markets review finds that in some areas the merger does not offer enough competition and PHP has to divest a few properties - then that just reduced debt doesn't it? Its not a huge impact. on the shareprice in my opinion. Thanks Blue

I listened but did not get an idea of when a resource calculation would be made - anyone have an opinion ? Thanks Blue

The business end of the Gilt market - say 2yr / 3yr is at 3.75/95% today and so its not really 5.5% - most UK mortgages are in the 2-5year window - as is most UK corporate debt, and lots of locked in savings from 6m > 2yr. I agree pensions and life products go longer. Just making the point - dont get to fixed on the 30 year bond rate - its a bit esoteric - look at the 2,3,5, years - thats where the real action is.

30 year bonds look high but TBH they are a minor instrument in the UK because we dont write 30 year mortgages - life policies yes, plus BoE is selling them from its covid balance sheet. But the 2-5 is where to watch for pain - because thats were a lot of the ZIRP money is being rolled out of and back into and thats also where the UK mortgage market sits. What i mean is a 25bps rise in the 30 does not really have much real effect - but the same in the 2s > 5s has a huge impact on Gov debt payments, mortgages, corporate debt etc. So dont watch the 30s, watch the 3s. // Thanks Blue

You are assuming that the UK Gov can repay the gilt capital in 30 years time. What is the risk they cant?

Duck - if you use a share platform II etc - they will DRIP the shares for you at no cost - so its automated and you dont need to reinvest manually.