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Expect this to rebound after Goldman unloads the remaining 2.2%. Hoping for good news on Wednesday. DYOR, GLA.

The Group is not a subject of the FCA's review of historical motor finance commission arrangements and sales.

It was quite clear from RNS that FCA was not investigating VANQUIS cos they were not paying commissions unlike the other banks. Quite wild that a comment from Martin Lewis can dramatically trigger reversal.

A comment from Martin Lewis and market moves...

Why does this company sounds too good to be true? 10m market cap. But sold 10% of a subsidiary for £6m and still retains over 60% equity worth around £40m.

The valuation disconnect is quite crazy... once and if they sell another 10-20%, and receive cash in the bank. I think this SP will consolidate. High risk, high reward.

Board not being honest and transparent from the get go. Even worse to hear the story from 3rd party supplier than direct.

"non-payment of invoices totalling approximately USD $27 million for work completed"

https://www.businesswire.com/news/home/20240320318420/en/Corica-Mining-Services-Corica---Suspension-of-Mining-Services-for-Hummingbird-Resources-PLC-at-Kouroussa-Gold-Mine

Complete U-turn. Looking good for tomorrow.

MMs taken this back down to 21p to buy and 20s to sell to generate interest.

22p to buy, 21p to sell. On the way up Bobat123. Onwards and Upwards.

SPR has communicated that the outstanding balance will be paid no later than 14 March 2024.

Last minute job again.. no RNS about this. Seems to be a habit of missing payments and not delivering on promises.

Orange Trust Date on which the threshold was crossed or reached vi: 28/12/2023

Late reporting again..

Need to buyers now and this will move pretty quickly...

I anticipate a similar fate and case study of an admin buyout. Case study of Joules, when Next bought Joules out of administration for 34 million. Somehow, the co-founder Tom Joules retained 26% while Next owns 74%. Creditors got a bit left over. And the other shareholders got nowt.

Makes a lot of sense for JD to negotiate and do a similar admin buyout. Why pay debts, creditors, redundancies, lease liabilities etc. when can restart the company without the baggage. A big warning sign for all holders. Don't get too emotional. I do hope a nice buyout is somehow worked out but I am doubtful. But there is just too much debt and operational costs. JD will be well advised by his expensive consultants, lawyers, accountants on the best ways forward.

https://www.retailgazette.co.uk/blog/2022/12/next-buys-joules/%20Next%20will%20own%2074%%20of%20the%20retailer,%20with%20the%20remaining%2026%%20held%20by%20Joule.

Someone bought 400,000 at 14p... Some are obviously expecting more than the 15p.

Traders that wanted to cash out of a tragic trade earlier on annoucement are out already as they desperately sold down to 17.5p after reaching 30p. Now a steady climb up back to 30s. On these types of volumes, pointless for Polar Capital to try sell as they won't get much volume relatively speaking. Should let it ride until they can find a seller for the outstanding shares that's if they are looking to sell the remaining.

Share price at a premium to the price on offer by the sneaky Patel's. They want it cheap. But reality is the gold price has shot up 10%+, as we all know Shanta does not hedge the gold price so the company looks to benefit from the rise.

The gold price situation has changed from the time the Patel's made an offer so at the very least they should increase the offer correspondingly.

But of course we are not only expecting just 10% more are we now... as the offer the 13.5p offered was from a very low base at a low single digit PE return. It is only fair to compensate generously esp. for us long time holders, we have placed our hard earned cash on here and we invest to expect a return... we are not a charity thank u very much Patels!

We are now over the offer price of 13.5p excl. divi, So it's pretty obvious investors are expecting a higher return than what is on offer. Patel it is time to up the offer to a fairer deal.

Q4 EBITDA $21.8m. Annualised full year approx. = $87.2m with realised gold price 1,948p. Now gold price is around 11% higher at 2166p. We looking at an additional +10m on earnings at almost $96m in EBITDA. VS £140m+ offered by Patels...

Makes PE less than 2. How is that good value for shareholders? The maths don't add up. Patels need to up their game. DYOR. IMO.

Surely a seller is holding this down. Any idea who?

MMs charging a premium for holding stock for taking risks, costing 8.5% spread bid and offer 1.268p-1.375p.. crazy to trade at these levels.