Member Info for bonum

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With relatively few shares in issue even a figure amounting to less then 3% will have a shaort term impact on thats obviously happening but the liquidity position & growth strategy are a sound platform for a major price rise - once Standard Charter & Turbo give the go ahead in the next few weeks

The "very tight cash" quote was referencing the position before the final approval for the turbine sales is given by Standard Bank / Turbocare. We should get the rns on or before the 5th Nov. I think whats really going on is the very limited placement that'll be arranged which should further enhance the prospects of the company going forward. Credit Suisse may be a beneficiary of that deal - who knows. Atm there offloadings pushing down on the sp but the fundamental position of IPSA is a very strong one once permissions for sale are granted Wont be long now

then everyone can draw there own conclusions on share price expectations

Im taking the staements about company liquidity & bank covenants at face value from the recent RNS - i hope thats the case as im not aware of any specific info surrounding that issue

As my posts indicated last night i'm viewing this from a specific (long term) timeframe which takes in my own liquidity situation - from that perspective im comfortable holding for a few years. I did however express some concerns about a short term downward movement especially relevant to those holders looking for that quick rise off shares that may not be fully paid for. Theres very specific posters who have also been spot on with there assessments & i put credence in there posts. As long as the bank financing is good im okay with the long term view although take on board the concern of a much bigger loss being posted then many may have envisaged as indicated by 'Thegotya' yesterday. atb

I see i missed a buying opportunity while away from the screen. Amazing what an institution disposal can do to an SP when all the fundamental factors are screaming at a strong buy. They obviously started that disposal BEFORE the turbine sales were known and as part of some overall PF strategy of theres Lets wait on more news due later this month (by 5th Nov anyway).

I find theygotya's note of caution for a further drop more worthy of consideration

Its the curse of the keyboard warrior lol - Psychologists would say it clearly points to an inferiority complex & a need to mask it by hiding behind an online identity I can probably expect a glib response from him due to his pride being hurt but will respond in exactly the same manner as before. Will focus on serious discussion here only atb

yea whatever

The question regarding the size of loss & LAM's ability to manage it is obviously the big one for investors to consider. Really depends what "loss for the year will be significantly greater than previously expected." quantifies as. The other major question relates to there discussions with the lending banks & ability to renegotiate the covenants successfully in line with there cash resources & obligations to current contract completions. The last trading update suggests thats in hand which gives some degree of comfort. If theres a serious stumbling block with regards to those therell 'obviously' be a major collapse of the price A positive here is that we're around the 80p level (rather then 130p say), which i think factors in a fairly large loss being announced. Thats falling back from the push to the mid 80p level, resulting from what i believe was false speculation on the part of Danny Fortson regarding a takeover 'at this time'. However, theres certain contributors here whose posts i give deeper consideration to ie your good self, Wobbly, Silverwof & Thegotya (and several others). Thegotya I know has a deeper 'inside track' into the company then most here so i take his warning of more severe bad news VERY SERIOUSLY. Thats why i think its imperative for people to evaluate there timeframes for investment here & there own liquidity with regards to holding the stock for an extended period of time. My perspective is & always has been for a large holding looking towards a recovering SP that should 'eventually' provide a strong divident stream. That factors in the possibility of any sharp drop or bad news in the interim & with the security of a very low average. Obviously a serious liquidity issue for the company itself would be a major threath to that strategy although im looking to the new chairman to have been transparent regarding his recent statement on that issue. I myself have no 'personal knowledge' on the issue beyond the statement given. In brief i think we may very well see the sharp drop thats being predicted although as long as theres specific reassurance about the companys ability to service debt / contracts, the longer term outlook wouldremain sound. Any uncertainties re: those and the SP will suffer a very serious decline significantly beyond the recent drops imho. Thats my basic assessment & apologies if my post goes on a bit. iIthink its important i expand on my own reasoning behind the investment & especially regarding the timeframes envisaged atb

he did make that prediction Lol

Well its got to be LGO cos BMD said its got a 60p rise in it (currently 0.44p) I jest of course - about LGO & not BMDs prediction LOL

Credit suisse are cleared before the 5th nov (or before) so we can have an unimpeded rise up this time

the takeover talk at this particular juncture in time is a red herring imho as ive heard of no undue activity within the company to indicate that. I obviously could be wrong of course but nothing to suggest that atm beyond the journo article good luck

Cheers - just a question of switching off the screen & letting the rollercoaster do its thing :) atb

Theres been things some of us have been aware of & others we havent as many of the regular readers here will know. Thats why im being consistent with my policy of LAM as an investment proposition beyond this years losses & based on the core business being solid to drive the company forward (& hence the SP). Short term theres a lot of uncertainty in the news releases but also opportunities for those looking at extended timeframes for price growth. I respect the view of certain posters whove also called certain developments correctly - yourself being one of them. Im not sure how itll play in the very near term & the reaction of the market & others might want to assess there own investment expectations & timeframes accordingly. Short term unceratianty & longer term great opportunity imho Thegotya, your thoughts on the outlook for different timeframes are welcome atb

This stocks fairly illiquid with only 107M sharesin issue although fundamentally strong now the liquidity / debt situs been sorted out. Those low number of shares means Credit Suisse's 5.6M has had & is having a short term impact on the SP. I'll focus on the fundamental strength here along with the growing low carbon energy requirements within the sector. A very limited placing should strengthen there position further with the overall low number of shares in issue impacting a positive move as opposed to suppression that weve seen. Thats why i love these sorts of stocks especially considering the NAV as opposed to current mkt cap & projections for growth.

Will check out those trades when im back at the screen. At least we know why the price was supressed given the fundamental change the turbine sales will make & why were still priced well below the NAV.

Just as we expected & the reason the price hasnt kicked up much higher after the excellent news on turbine sales. They obviously started selling before the deal was done ;) Now we can move up without any further suppressing factor (unless a slight overhang) & towards news within the next couple of weeks gla