Member Info for cj62

ftse lets hope so but if you think the SP is going to stay stable @28 you are mistaken. The mms are very good at the dark arts so beware and with that said they dont give a flying f what the SP is they are only in it to earn money buying and selling. Taking steadily down to the low 20 s the nervous sell then surprise surprise they rapidly take up to high 20s . Rinse and repeat just have a look at the SP chart for the last 6 month and you will see what they have been doing clear as day.

As i said earlier, until further news the mms will do what they may and reiterate they will take us kicking and screaming back to 21 -22p. and if we are still not sorted by the new tax year it will be another 20k straight into the ISA.

let 20% go so i could reinvest in avacta and let the rest ride

Judge I said very similar yesterday and think it may be going that way now BWDIFK. but someone wants to get a move on or the MMs will drags us kicking and screaming back to the low 20s.

@rong53

Wishful thinking but wrong and i would say 28.50 as the MMs are just doing what they were yesterday before being rudely interrupted by the RNS. Which as it turns out was a bit of a damp squib and there wont be any real positive movement until the sale is agreed or dare i say it negative movement if the sale isnt agreed but that looks very unlikely.
I am still bemused as to way they didnt release this information previously as it has shown it had no bearing on anything.
WK by my quick fag packet calcs is worth
Proven
225000 ounces x 2500 = 560 million
Flanks on approval
21600 kg = approx 760000 ounces x 2500 = 1.9 billion

Without flanks WK is worth 10 % in ground £56 million + Flanks 10 % in ground = 190 million
Total for good measure = 250 million value with flanks

In my view EUA would be far better mining this themselves over a 10 year mine plan and this alone would give approx 7p / year dividend with the prospect of the mining area just growing naturally.

With the above in mind MT must be an absolute monster if we are to achieve anything over a £ as i attribute 10p to WK

Anyway thats my musings and I'me off to study the cheltenham runners and riders

@Jimjam
Me too but only because I am not overly excited by this RNS. It really makes me wonder what MT must hold because WK wouldn't support this SP alone so there are big assumptions being made in that MT is a mountain of PGMs of biblical proportions especially to achieve an SP of £1 +
My average is 13 p across all my PF so I am not worried in the slightest and into the end and regards to the SP in the morning I will wait and see but dont expect fireworks until further info

Hope everyone had a good weekend !!

Well the SPs not having the best of days today , I think the MMs are still a bit angry following the swift rise last week and making us pay. Anyway 28.5p for me with a slow decline all week. Could be wrong and probably will be but thought i would guess anyway. Caveat that if THE RNS drops all bets are off

True Spit

V12PBS

Borrow 20K from the bank / whoever , buy the EUA shares in the ISA . Once bought sell the EUA shares and repay , HL are utterly useless to say it takes 5-10 days. It only takes 2 days to settle a sale anyway !!

@cwebb07
"Nowhere more corrupt than Russia" thats some statement. On or two of the African nations may just challenge them for the title

https://tradingeconomics.com/country-list/corruption-index?continent=europe

Corrupt countries

https://tradingeconomics.com/country-list/corruption-index?continent=europe

Some surprising ones in there

After quickly scanning through the dross posted here yesterday it is apparent that the board has descended into utter chaos with little of value posted so I thought I would go and have a look on the Avacta BB Well what a pleasure it is to be able to read well structured and informative posts even when there is disagreement these spats are well reasoned in general.
Let's hope this saga concludes soon and we can all wander off into the sunset.
Enjoy the remainder of the weekend and let's hope the RNS drops tomorrow

Just refreshed 30.50 that's better

What is the closing SP showing 28.5 on LSE. Would prefer 30.50

Get it right NTTG i said sell the wife and eat the children . FACTS FACTS and yes i am proud of my youthful years.

I see NTTG is making friends again

@inoffthecush
They would not have been allowed to even put a non binding offer in.

Same Same Gruffell. Really expected EUA to have concluded by now and the intention was to pour a big percentage of it in here. Still time though !!

HL is showing the sell price