Member Info for BoracicLint

No idea! But the SP has spiked - though not this much - once in Sept and once in Oct. It then came most of the way back down. Maybe some big short-term traders.
I am thinking of topping up as got in just below £9 but deffo not today! When the SP drops back it seems to revert around the 50 day SMA so may reconsider it then.

panda, the real reason for the price rise is that I sold at 194p. The market knows this is a guaranteed signal for everyone else to buy ;)
I do want to buy back in and of course seeing the price steadily rising is giving me FOMO. Maybe I should wait a few days for some downward SP action before dipping a toe back in.
Nice to see the gold price heading back up but still concerned over the lack of change in Ukraine. The rumours seem just that and I can't see Putin giving up his gains or being able to give it some sort of sheen of victory. Ukraine's public stance is understandably requiring 100% of its territory back. He seems secure despite the disquiet caused by the mobilisation.

Thanks TDT.
I voted For Res 1-4 and Against 5. I think RY does need to stay just for continuity and see the sale through, though far from happy with performance, esp the latest fiasco with banking.
Short-term goal is just to see the divi land in my account and reduce my loss, having got in at 3.79p.
Further on, would obviously like to see a meaningful RTO that gives us some more value on top of the SP but I think a lot of cash shells just end up being de-listed. If that happens, I assume any value left is given to shareholders, if the BoD hasn't sucked it all up in 'salaries'.

Seems most miners are well up today, so probably that plus the RNS JORC expectation is helping push us up. Even giants like Rio are up about 8% which is unusual.

I know I said I wouldn't top up again.
I lied.
Only a teeny one but this is now my largest single share investment. Info from the recent RNS and investor questions and replies convince me this is still a good risk vs reward investment.

Numbers, I was only in here once but made the same mistake as you. I've been watching, too, but would want a sustained move above the 50 day SMA (it did manage to get over this in Sept but not for long) both here and in the FTSE All Share index before dipping back in.
It seems a well-run business and like so many others, the slightest bad news causes overreactions in the SP at the moment. Existing holders should be OK in the medium term, I reckon.

Yep, good SP movement on what is actually a mixed bag of an RNS. It seems a case of steadying the ship for 2023 after the growth plan hasn't produced the expected results. Liquidity looking safe for now as well.
Looking at the charts, this peaked around 890p in Apr 2021 and started a slow decline from Sept that year until now. I'll be watching this over the next few weeks to how it reacts compared with the macro situation and then perhaps dip a toe in. I do think the business will survive and ultimately do well.

While it's good news that the raise was at a premium and that shows confidence in LEX' future, I'm not happy with any dilution when trying to make up for a massive loss.
I do reluctantly concede this sounds the correct move if this allows the full drilling exploration of the Carolina sites and JORCs for all of them.
This should happen before any new ventures in other territories, as
1. Would not want management's attention split between 2 projects.
2. This is especially the case were any new project to be outside a 'safe' territory like the USA: look at the history of this company in Tanzania and even in safe Australia. Rosie, I realise the suggestion of S Africa is pure conjecture but it is fraught with economic and political problems far beyond anything in the USA.
The positive may be that any new licencing agreements etc might be a little cheaper bearing in mind the current subdues gold price.

Cawn,
yep, IG doesn't allow POLY. I set up an HL account to trade it.

NGR, for what it's worth, IMO

S lost Markman 4-1.
S lost PTAB 47-0.
S failed to get motions to re-define agreed.
S failed to get N experts removed.
S and N agreed to removal of red QDs to concentrate on green ones (or was it the other way round?) which doesn't seem to favour either party, more about time pressure in court.

It seems neither corporate nor lawyer bluster that N believes it has a very strong case. We can't know what has/is happening in mediation but N must surely have been pushing for a similarish but reduced amount compared with what it thinks it can get it court. Ultimately, N is content with the case going to court.

Both parties have very strong legal teams - it's a draw.

As we've discussed before, we don't know what S court arguments will be but I can't help thinking this will be a continuation of glossing over, claiming ignorance and trying to obfuscate N case with the jury.

Court is a gamble for both obviously, but S may be thinking:
The worst is we lose with a multiplier (let's assume a max of 1.5x as 3x hardly ever seems to be applied).
BUT we might still be able to negotiate a deal that reduces that amount thus avoiding the delay and costs of an appeal for both parties.
We can win - if N appeal, we can drag it out for at least another year with no guarantee that N will win the appeal, quite a risk for N and its funder.
Even if we lose and pay out, the max damages will still only be (say for argument's sake) 5% of this year's profits. It will hurt a bit but won't damage our future, even with royalty agreements.
If we lose face, it will only be a temporary situation. I remember another poster referring to tomorrow's chip wrapping - made me chuckle!! (The only reason I remember Intel's 1bn fine is because I'm invested here.)

Was AMGO removed from the indexes, as it doesn't appear on the highest risers board in LSE? I couldn't google this to find out but now that re-lending has been agreed by the FCA surely that would remove any barrier to being re-listed. It might help stir interest from more retail investors.

I suppose we are 'lucky' to be in the position we are now, bearing in mind the looming recession etc, in comparison with NSF and Morses who are both much further back in the process.
Pleasantly surprised to see today's spike as I thought most investors had more or less forgotten AMGO but at last the future of the company looks more definite and positive.
Still deep underwater with an average just over 9p but I will risk the RI when it comes, whether the full amount or tail-swallowing.
Well done all the LTH - it's been a long, tortuous and at times worrying couple of years. Looks as if it will be another 2 years before they reach full steam ahead which I hope will by then be fully reflected in the SP.

gazlad, the RNS from 24/08 says this:
The Board proposes that the record date and payment date for the distribution of the post-Completion dividend shall be no later than 90 days following receipt of the consideration payment.

That suggests that as long as you have shares by the record date, you will get the divi. If I buy for a divi, I usually buy at least 3 working days before the ex-div date to allow the records to be updated to show me as a shareholder.
The problem here is they are saying within 90 days of completion with no hint of the record date, so if you leave it too long, you might miss it. So maybe buy sooner than later.

All existing holders will be on the record and entitled to the divi, unless they've got an odd share structure with A and B class shares with different entitlements but that is not likely with a minnow like this.

Saw this on the Beeb just now
https://www.bbc.co.uk/news/business-63155827
European deals being made to keep coal-powered stations on standby. Might this mean they need to increase winter coal reserves? Should help support current prices.

Maybe we should look into investing in candle-makers as well!!

I use IG as well. They charge £8 per buy/sell subject to a min of £24 per quarter. Once you exceed a number of trades (can't remember the number), the charge drops to £3 per trade.

I suspect the spreads are also bigger than using a proper broker but as I'm a small investor I think it makes sense to stay online, as also easier to make quick trading decisions and the occasional day trade.

Liquidity is usually good with them though I did have one annoying NT earlier this week - but not in NANO.

Great SP movement the past few days. However, having thought I was clever getting in at 76p and then 58p, plus a teeny top up at 7p with the cash I had left, I'm still heavily underwater (actually, on the seabed!). Being selfish, if there was to be a TO bid, I wouldn't want it to be until the SP has recovered to well over 40p.

Can't buy on IG currently. Are other brokers the same?

JG, I think this only means that REVB will no longer be shown on active index listings, though we can still search using the ticker or name?

Maybe they should sell that overpriced vanity project of a head office and move into Portakabins instead of possibly shutting some shop that actually generate revenue.
I'm not convinced a 'smaller, leaner' operation is the answer. The retail shops are a big part of the Joules experience, unless they can market and compete online more effectively.

The AGM statement in the RNS said
"The FCA has yet to approve our return to lending, however following a long period of review and discussion, we are finalising details with regards our proposals to commence a lending pilot. During the pilot, we will be undertaking significant testing to ensure that we are lending affordably. We continue to discuss our approach and implementation with the FCA to achieve these goals as soon as possible."
"Long period"? Jeez, sounds as if the FCA is, once again, dragging its heels. This is barely a step forward from GJs statements. How complicated can this process be - short answer, not very.
Have you seen Morses Club today, now saying they are essentially loss-making despite good progress in their digital division. Their need for an SOA makes it look like they will going through the same curve (or twists) as us but at a worse time for them.
AMGO seems to have a reasonable sounding product in RewardRate at a time when recession is looming, on top of inflation and reduction in benefits. We should be in a good position to pick up on increased demand, si I still think this company has legs and am likely to reluctantly take part in the RI, though it means I will have much more money inveted than I'm comfortable with.
How do you chaps/chapesses feel?
Good luck in any event.