Member Info for bonum

US pre-market seems to be shrugging off the Italian election result but i'd wait to see how it opens & after the first hour or so of trading, if your looking to top up For myself i'm comfortably invested for the bigger recovery over a more extended timeframe so quite comfortable with any short term price fluctuation. atb

Large price moves on small volume. Let's see how that equates to an upside move on positive news. Any downside limited movement limited imho due to the factors mentioned in my previous post gla

Correlating with macro factors. Sharp drop in the ftse late last week & the intraday chart reflecting the initially positive sentiment linked to the Italian election, followed by a later retrace with Berlusconi's coalition making headway. Beyond very short term price moves & macro developments, the underlying fundamentals point to a solid recovery of the stock.

Quick post as i'll be off screen for a while. We're looking for a firm completion schedule to be agreed by the end of the month. As has been mentioned previously, the SP was circa 3p before announcement of the original sale to Iris with the $3.1M already paid adding approx 2p to the share price. Factor that in with a NAV around 11p & a price target of 23p. The turbines WILL get sold eventually so a safe entry into the stock at current levels & for an excellent prospect of a multiple return imho. Emacd, gooid point with sterling looking set to weaken further. atb

Slightly down for a friday close & held most of the weekly gain for next week. Have a good weekend all

Good morning. I'm off away from the screen today but very confident for a major price move through next week. Not many free shares as we know so all the better for having secured a good holding for myself before that build up atb

Ftse down 1.6% yesterday along with most major indices but up again today at circa 0.7%. The overall market trend itself is upwards as money pushes back in equities after the last few years due to the sovereign debt issues etc. LAM's own recovery is also being firmly established now and we'll see with further contracts nearer term & in the course of the year. As you say, a good time to top up on the transient daily weakness atb

A 700% upside & limited downside slippage from this level makes it an easy decision to definately have some holding in the stock at the very least. IPSA own the turbines & they will get sold, whether to Isis Eco Power or an alternative interested party Exciting times coming up for the stock gla

Next week should see a bigger overall move imho. My view is indication of successful completion of the sale (which i strongly supect) sees this straight into double figure range with a delay (without details of other parties which i believe would be included in that scenario) resulting in dip to around current levels. However, a strong likelihood of the upside outcome likely for the reasons weve discussed or at least tangible indications of alternative negotions. gla

Yes, good to keep it company specific as much as possible lol. I'm glad were seeing a good, steady rise . looking towards next week rather then a massive push upwards in one go. I certainly expect a lot more upside in the coming days, hopefully at a continued sensible progression of the price. atb

Fair point on that & good to bring it up so that we can at least discuss the issues concerned good luck

Morning mate. Those issues are more then priced in imho, (especially equating the $3.1M to a premium on the SP loer levels prior to Isis coming on board) & why the sp isnt sitting at amuch higher level atm. We'll know soon enough regarding the turbine sale which im strongly looking at Isis completing for the reasons mentioned atb

We also have a very compelling upside/downside situation with a worked valuation for the 23p target already provided so no point denouncing the potential for a multiple move, whether that transpires to be around that level, less or even more - even a fraction of that could see the SP ona multiple of the current level. Also, as was pointed out the SP was around 3p prior to Iris successfully bidding for the turbines. Since then we've had the non refundable $3.1M paid which when directly correlated to the shares in issue would add circa 2p to the SP, hence way undervalued even now. Theres a very high likelihood imho for the Iris sale to be successfully concluded for the reasons already extensively discused ($3.1M deposit paid, continued spend on transporation etc etc). An alternative scenario would see the turbines sold anyway to another party whilst IPSA keep the $3.1M. The low number of shares in issue would in all likelihood relate to a major premium (at current levels) to secure stock on the successful sale coompletion whilst a less likely alternative scenario would see any drop limited due to reasons already given & a higher fair value & interest associated with IPSA & the investment case. Lets keep the discission stock specific as we look towards increased activity as we go into next week dtor & gla

Its easy for poeople to start casting aspertions against individual posters on boards but we need to focus on the issues underpinning any investment case. All the issues you brought up yesterday were addressed by doing that & i believe you expresed your intention to buy in on friday which means the investment is compelling enough for you to do that - obviously the price may be higher by then as we lead into next week. The point regarding working capital was addressed as such The working capital situation is mentioned in previous RNSs as well & has been the existent state of affairs until the turbine sale is concluded (nothing new there). However, any immediate additional capital requirement would neccessitate a withdrawel of support from its creditors. I dont know the state of affairs for all of them but the biggest creditor (Standard Bank) has an agreement in place with the company to withold calling in the debt until the turbine slaes concluded whilst a similar informal agreement exists with lenders for other loans totaliing £2.6M (Half Yearly report RNS 29th Nov).

The working capital situation is mentioned in previous RNSs as well & is the existent state of affairs until the turbine sale is concluded. However, any additional capital would neccessitate a withdrawel of support from its creditors. I dont know the state of affairs for all of them but the biggest creditor (Standard Bank) has an agreement in place with the company to withold calling in the debt until the turbine slaes concluded whilst a similar informal agreement exists with lenders for other loans totaliing £2.6M (Half Yearly report RNS 29th Nov). Also, as was pointed out the SP was around 3p prior to Iris successfully bidding for the turbines. Since then we've had the non refundable $3.1M paid which when directly correlated to the shares in issue would add circa 2p to the SP, hence way undervalued even now. Theres a very high likelihood imho for the Iris sale to be successfully concluded for the reasons already given. A n alternative scenario would see the turbines sold anyway to another party whilst IPSA keep the $3.1M. The low number of shares in issue would in all likelihood relate to a major premium (at current levels) to secure stock on the successful sale coompletion whilst a less likely alternative scenario would see any drop limited due to reasons already given & a higher fair value & interest associated with IPSA & the investment case imho & atb

A buy which had to be worked due to size & looking at the buy levels earlier on. That in itself probbaly helped with the price push today & again a big vote of confidence in the stock & developments happening here. My terminal tends to bwe accurate in listing the buy/sells & corrobotrated by associated price moves atb

Its large (£23.7K) compared to normal volume/trade size for the stock hence a good indicator of positive sentiment with the anticipated newsflow. screen off for me but fully expect further strong buying & a price build up going into next week atb

700K late reported BUY (showing on my moneyam terminal) have a good evening all

I ignored his post as completely non company specific, hence irrelevant to the investment case here atb

Iris will lose there $3.1M depost AND the continued spend thats occuring thru logistical transportation costs. Again, baer in mind the sp level around 3p before Iris were even mentioned to further clarify the upside downside scenario here As well as multiple party interest thats present