Member Info for Cnutgoestheeasal

One way of eliminating that possibility is to look at any other small company share that odorous Odey had an outsize holding in. If that share price has also tanked the that tells us something...

Fortissimo - a good thoughtful piece although not very reassuring to me as a junior investor (although I also own SPGP which also has gone nowhere recently)

Your point about new NLGM is more than reasonable although harder to extract deposits will be countered to some extent by falling extraction costs, not least diesel prices.

The problem for me is that what are the alternatives. High interest rates make some forms of debt attractive and I have plenty of those. Small UK stocks such as tech and biotech are a complete lottery. I have no idea how good a software firm's offering is vis a vis the market nor do I have a clue about the likely commercial viability of a startup biotech's chances either.

Large UK stocks are largely going nowhere. Europe has just had a great run - how much is left. Maybe Japan but again ditto about the recent good run. China? forget it! So really we're left with US tech and I can't get my head round the crazy PEs on even mature companies like Apple never mind NVidia. And yet the rally goes on in the face of now real US interest rates.

So tell me, for you, where are the opportunities. You mentioned SHG as some point. Which point?

Thanks Master - very helpful..

To the Proactive Investors event. I'm in London that day anyway so I'll try and corner MC and get some more info out of him. Really, it's now more than 6 months and still no formal RNS.

He can't complain if people demand something a bit more substantial than that gnomish twaddle below.

He better not cancel!

I've looked up the proactive investor event and there are 2 companies presenting so clearly a reasonable amount of time is allotted to each company.

But what is MC pitching and why to the likely audience of, I suspect, mainly retail investors like us? I don't think they'll be many Chinese there or blokes with beards and dish dashes.

MC must know this so the only logic is a pitch to retail investors to buy Condor shares. But what's the point in that if the company is to be sold?

Is it to pump up the share price to induce a bidder to put in a firm offer?

Doesn't seem likely. Or is it a part of a morally dubious pump and dump operation before they announce to the world that no suitable offer is forthcoming?

I hold shares so I'm not de-ramping. Just genuinely confused and not a little suspicious...

It did briefly on google finance then presumably a sell order came through so yes egg on face as far as I am concerned....

Still it's fascinating stuff. I can think of 3 possibilities for the rise:

- a pump and dump operation organised by the MMs to alleviate the boredom of twiddling their fingers (like all us) waiting for some solid news

- a big buyer so is speculating on the outcome

- somebody(ies) who knows something is afoot and is operating on the margins of the rules

Up >9%

Surely not the MMs playing games so early on in the week!?

Agreed - the very least they should have done is force a retraction and apology. The Guardian have privileges under our system they need to earn those and recant when they fall short which they clearly have in this case.

It's not even sloppy lazy journalism. They wrote the article to fit in the in house prejudice and they need to suffer the consequences...

If anything the announcement understates the drill results. In the table showing the drill results every hole produced some very decent results. Clearly its early days but the results but meaningfully add to the already decent resources estimate which has already been increased in march this year

Thanks dragon I've been looking for the date and place since I got an invitation to vote from by platform provider this morning. Do you have further details so I can request a letter of representation?

I interpret today's RNS as good news. Hopefully, the new hire will take some of the pressure of Werner. They electricity supply issues in SA was a known issue and anybody with the slightest knowledge of the country knows it is not going away anytime soon so the purchase of diesel generators with attendant financing is a very good move. 24 months payback is more than justification for the more. Also it's very hard to motivate a workforce when operations could shut down at any moment with minimal notice and attendant loss of revenue/pay.

It's an inconvenient fact that SA/ZBW i.e. the bushveld and great dyke have huge reserves of elements such as AU, PT6+ and Chrome that are simply not found anyway else. If business gets tough costs rise and production falls. That then increases the price of the raw materials which in a way then becomes a natural hedge.

That's why I stay invested

DDD - I did not mean to imply that not exercising would construe insider trading. That would be silly since on that basis exercising would also be insider trading. Dammed if you do and dammed if you don't.

No I meant that depending on what advice the directors were given it could be a pricing signal and we could really do with one of those.

I'm not anything's safe to say nowadays.

It's any interesting debate and I must say I side with DDD on this one. Let's say at date of expiration (god help my patience!) no further news is forthcoming. There is no news on warrants so we assume that if there was an exercise they would have to inform the market and since they haven't then the warrants have lapsed.

But does this mean the directors could have taken up the warrants but in the light of what they knew the haven't or were they not permitted to do so from the advice of the Nomad.

I'm thinking that JM and co need to make public the advice provided to them by the Nomad.

I did contact Mark the other day and at that point didn't know whether warrants couldn't be exercised and mentioned they'd need to talk to the Nomad. I think we ordinary shareholders should be party to that advice.

I agree - I'm even sure it was compliant with the rules. I guess if we felt strongly enough about it we could complain to the Nomad and force them to run it again...?

9m warrants due to expire at the end of this month. They are still deep in the water but if the consensus on this Board is to be believed this is an artificial situation caused by a silence on the news front. It must be agony for the management watching the days tick by and the sales process proceeding at a glacial pace. For the sake of illustration say they believe they can get 60p a share for the sale then they will be kissing goodbye to £1.8m. Ouch!

Somebody might say well be can just go in to the market and buy at 33p ish. But they can't since I'm pretty sure they would be in breach of the closed period rules. Exercising warrants may be different since they were pre-existing and have a set deadline. It's all down to the Nomad's interpretation of the rules. If they are allowed to exercise then at least they will need to disclose that at the end of the month.

Meanwhile the silence in the gloom continues....

Naughty if my memory serves me correctly if was to have been tomorrow...