Member Info for Bridgedogg1

SNDA have to drill, at any cost. If left with 10% after an appraisal drill how much will be left after development funding?

WTF is going on here. We pay SV for a cash raising and they use it to buy Mindflair shares?

Due to PH being on 18.5% they will be required to notify any sale/purchases over £10k as that will cross the threshold. Nothing yet. Maybe they are buying... 25m buy looks tasty

Harri, you will need to reread the RNS regarding the 5m trade facility. Its not for working capital, its for trade agreements to be agreed on a case by case basis by the lender.

That's a serious gap up to 0.8p

Looking good for a solid recovery here.

Good assets dont lose money hand over fist

I dont agree the writing was on the wall here. Solid production at Yan could have carried this through the issues with kouro> todays update is much worse than reflected in the current share price.

They've been peddling the 'stockpiling of higher grades' for about a year now. I'v ebeen waiting for a good entry here but with this staggering update on Yan its just not investable at any price.

I've been looking into Peel Hunt's 18% TR1 and it seems very unusual. With 1/3 picked up by Peel hunt and 1/3 by Directors & Milton that doesnt leave as many shares floating around out there as you would expect. This is notoriously illiquid share with a large number of TR1s in the first half if the year with over 30% of the shares picked up by individuals and companies linked to the local oil fields. I'm seeing a lot more interest here with very little downside at this price for new entrants.

Forward sold placing trades I expect

‘poor availability and utilisation of the mining fleet and the subsequent need to alter the mining sequencing’

Poor utilisation of mining fleet?? What does that mean? People on the ground aren’t doing their job after this has been producing all these years? Doesn’t add up. I expect new pit owners s very poor grade.

Directors won’t buy because they do t believe they n this strategy.

Selling down will now continue. It’s what the share holders asked for.. price hasn’t dropped so it’s got to be better than a discounted placing?

Disaster

Are we expecting another cash raise to fund the refining capacity?

Startling to consider that 1 year ago this was 9p with exactly the same mcap as it is today at 1.3p.

Anything happening here yet? The company has had the cash for less than a week so I guess no news is OK for now but want some thing soon please. They would have know exactly where the low lying fruit was so expect some updates on work overs and increase to production to come in the near term. Mcap is peanuts considering the experiance of the new CEO, money in the bank and the large number of cheap cash generating option we have.

Bob Ah I get ya. Sham spends more time here than the holders.

B0obat, we get it, you sold and moved to ECR. Dont be another loser who hangs around like a bad smell. You know full well that this could do 200%.

What will it take to get this share moving back upwards?

After the large drop we have been in a period of consolidation at around the same level. Sellers ahve been shifted/churned out but there is still more of that going on. Large buys are being absorbed at the moment but that wont always be the case. Soon the MMs will be short of shares and it will be more attractive for them to rocket the price rather than moving it down to 1.5p every now and then to pick up more buys/sells. Its a waiting game and will have very quickly when it comes. If PSC drops in the meantime then all bets are off. JV and service contracts already in the bag would be announced shortly after and this is an easy £50m mcap.