Member Info for Chelsea-boy

2.2m over on ISDX .

MM's filling their boots, 42% spread! This share not for the short term.

Price is getting pulled around, spread has opened and now .35p to sell.

Great level!

Well said, any cash realised from selling off the assets that no longer meet the companies criteria will give DR and the team a much needed war chest to look for opportunities. This will take a little longer to settle but now the company has 1 banker and needs to start adding to it. It has been mentioned DR is off to Togo next so hopefully that will be the next piece of the jigsaw. Looks like this will be a gravel even to load up on.

Well as we haven't done deal yet I am sure DR will squeeze the best deal he can, not sure how much it will impact price though. Still need Togo to light the fuse.

I think that point he is making is it will be a fraction of the mined value, this will be the that got away in terms of big fish. The asset have been improved in value as it has a JORC and other studies so its an up scale version of the deal we have done today. Does anyone know what we paid for both ore assets ? Its like we have the planning permission and need to flip for a quick buck rather than the big buck. I am glad they are back to what they know best.

Great to see some news today, I feel we are 2 steps forward today but one back. Togo is still the big play for this share and the permit continues to drag. Today shows what great leadership we have and their ability to re focus he company. This will not happen over night and clearly this is reflecting in the damp squib on the price front. I like the deal done in shares as there is a big juicy carrot in the second tranche t get them producing quickly. They way the deal has been structured shows that the new board members like the look of us and have ultimately backed us with this vote of confidence. Ultimately the big pop would be nice but if this now slowly starts to burn and lift its head up as it has been somewhat de risked then I think it will have more stability. GLA.

I guess silence is "golden" :)

Do you use the explanation for dummies site a lot? My o level and a level economics gave me a reasonable understanding of supply and demand. The point you seem to be missing is there were no trades on Friday then the price got walked down. Surely the illiquid market would have caused the price to rise after they buying on Friday?

Do you use the explanation for dummies site a lot? My o level and a level economics gave me a reasonable understanding of supply and demand. The point you seem to be missing is there were no trades on Friday then the price got walked down. Surely the illiquid market would have caused the price to rise after they buying on Friday?

Si is the share liquid or illiquid? You seem to flip flop on that one?

Thanks I could see that, but there were no sales to move they just dropped the price and buys came in.

Mmmm, all buys and we go down??

As long as he turns things blue on here its all good!

Hi Watson, nothing official on the site, do you know why he is due here ?

Hopefully so! DR sounds like he has been busy in October.

BJ, this is a recent email word for word? I had something a few weeks back saying that they were being "very proactive". You get the feeling we are inching closer to a leak, I mean RNS by the up tick in volume form little or none to 0ver 15m in 5 days. Hmmmm

I agree, someone knows more than us but just a little bit less than DR! Hopefully plan b will get the party started and Togo will turn up late carrying a big bottle of Dom!

Yesterday has a feel of someone getting filled at mates rates over the last few days. Lots of clean 500k, 250k chunks going through. Now today we pop up on minimal volume.