Member Info for cminhinnett

MMs still NT to buy and asking 0.44p for 100k shares and 0.49p for 500k shares. Looks like news in coming and the MMs are short of shares, this will explode when news lands

Let's hope for some positive news in the morning and the MMs actually making a market ! ! ! !

If the MMs let anybody buy, we would break through 0.5p easily

MMs asking 0.44p for 100k shares and 0.49p for 500k shares so something has happened........

Looks like a distressed seller is dumping 500k into the rise :-( Once they finish, expect this to rerate nicely, the team are delivering on all their strategies following the purchase of CLCO and will move into the next phase in FY21.

Overview - very positive on all key metrics

Resilient trading performance delivering year-on-year revenue growth despite Covid-19 pandemic (FY19: £7.3m)

Total contract value ("TCV") signed up 97% against FY19, reflecting early successes in prioritising multi-year deals across both new and existing customers

Trading EBITDA1, a key marker for demonstrating the success of the Group's recovery to date, expected to be well ahead in H2 of the £68k achieved in H1 (FY19: loss of £235k),

Substantial cost optimisation phases complete, with trading overheads reduced

Cash positive in FY20 following decrease of £1.1m in FY19 (the Group has made use of government financial support schemes such as furlough and VAT deferral)

The book looks much stronger today which is nice, any further positive news and this could move North very quickly. Very few shares available now < 0.80p and bid has strengthened well.

MMs have just gone 0.76 / 0.775 following the latest 500k buy so hopefully the overhang may have been cleared............ previously it was 0.718 / 0.76.

Expecting a TR-1 here as well to reflect the 13,502,000 buy today unless designed to keep under threshold to try to grab more................. Fantastic recovery play and love that 3 of the key directors have put their money where their mouth is, also they heavily took part in the recent placing so a decent amount of skin in the game.

Just managed to grab 460,132 @ 0.76p - amazed that I could given the great news recently. Will have helped to mop up some more of the overhang, hopefully will get a fairer rerate once the overhang has gone.

Two Mug PIs have fallen for the MM games :-(

Love the fact the MMs delay trades and then print to try to fool the market - Fantastic price Polinvest ! ! !

Someone has been offloading over the last couple of weeks, initially in 500k chunks and in the past 24hrs a couple of 1m plus chunks. News-flow has been as promised and fantastic, however the fact that another fundraise will appear soon suppresses any gains I believe, it's difficult to know if small raises as required are best so minimise dilution or a larger one that will dilute initially but then allow SP to appreciate as news-flow arrives...........................

The news definitely deserves a better response, unfortunately other than the loyal LTHs I think other traders are wary of BOD as they know that a further raise will be necessary for the next stage of the project. Recent raises have typically been around 0.60 - 0.65p in recent times, however would hope the next one is higher.

Finally the MMs have moved the Ask up, although max buy online is 250k shares.......

500k & your 250k bought above the Ask, yet still the MMs don't move it up, still showing flat on LSE when actually up - WTF

Looks like a Fill or Kill is the only way to buy as someone just grabbed 500k shares @ 0.85p, yet still the MMs don't move the Ask - patience.................

Come on MMs make a market ! ! ! Stop preventing people from buying :-( As for the person who sold 250k shares when it has been NT to buy - WTF

For a change the MMs have gone NT to buy, so frustrating as this should be 50% up as a minimum given the confirmation of the news in today's RNS.

Kimberlite at 0.40 hectares confirmed at Thorny River. This is the same size as that found at the original Marsfontein mine. The original M1 mine intersects M8 north-south and covered a very small surface area at the top - only about 0.4ha at the top IIRC. It produced $250m revenue in 2 years - and that was in 1999/2000 remember - and paid back investment in 3 days flat.

You can if you like, based upon this statement in the RNS, that could well be above the current SP:

Accordingly, the Company is in the process of agreeing terms with the investor for an initial equity investment reflective of the Company's net asset value which is in excess of its current share price. This investment is conditional upon finalization of contractual agreements and receipt of funds from the investor. A further announcement will be made in due course.