Member Info for cozani

ithink the market open tomorrow will be very poor.ive seen it with other mid day or late day shocker RNS recently.. it takes more than one 40 minutes to clear the forced leveraged sellers and the guys who only check the RNS once a day (likely morning). so expect the morning session to be very volatile.

so is it pure bad luck or does it reflect the lack of mining experience from the Betts team (CEO especially). Thats their first go at a mining project ever i believe (pls correct if im wrong). Whose fault is it? the consultants (can we claim some compensation) ir the inhouse engineering team? or again, pure bad luck due to extreme weather?

The problem for me is that Betts has done a few poor mangement moves lately so it is hard to give them any breathing space or respect for whatever happens. His Elon-style conference call a few months ago was very poor imo and that related bunker hill move was extremely unecessary and showed they were amateur mining guys.

valuation wise, this new issue should affect the NPV of the project drastically. We now know q3 and q4 are shiit but 2019 is likely to be on par with original expectations of 130k ounces of production.

Will Endevour use this accident to make an offer for the company and they just wont bother? Would the majority of the shareholder register agree to a takeover and move on to other things?

a lot to be answered but i think what will come out of it in the short term is the lack of trust and respect shareholders have for Dan bets. and thats entirely of his own making.

cool. thats a crowd.

train? you are already based in Spain?

anyone going to the site visit in September?

its quite misleading to call it Director's Dealings...

lets hope it is tax related... but still, couldnt he find the cash somewhere else? selling sav at 9.1p is better than selling other assets???

with GBP 240k salary, some bonus worth 200/250k plus decent salary as director of from Anglo Pacific...what bills are we talking about?

probably a tax related sale or something technical like that. 1million out of 41million holding is nothing but it is true its doesnt make for great PR... lets see if any more sells over the next few days.

While it may be frustrating for a CEO to not have the freedom to sell some of your assets incognito, this is what comes with a listed company. If a CEO is not happy with that, then he can run a private company and knock on doors to raise funds for his project and salary/bonus.

I think he should have avoided selling even if its purely for tax efficiency purposes.You cant do that when you run a listed company that is yet to prove its project is successful and value accretive.

thksOMR. my views have always been the same. we need more topless nuns and pastry savouries.

regarding FCA/holding RNS..indeed, if they don't notify, no one knows anything...but i woudl have thought that if a broker is working with someone to sell some many shares, the broker would eventually tell its client to make sure they notify. especially as there is no more stigma with a selling RNS now that everyone knows about it.

where do you guys see marcus garveie mentionning the MM holding stock?

according to the FCA, the shareholder has to notify the company within four days i believe.

And i think the company has to publish the RNS as soon as made aware.

from 0 to 3%, you dont have to notify anyone. but once you are above 3%, every percent increment being crossed (up or down) need to be notified and reported in a RNS by the company.

Hi everyone... i have been buying WRES for the past 2 weeks now and have about 30mn shares now... did just over 2mn today to.

Apart from K3 selling blocks yday, it seems there is a frequent seller of a few millions each time. I can only think it is related to Hansource based on the agregated sellling volumes.

However it is weird that no treshold is being crossed yet..1% is roughly 55mn shares...I would have thought there was one single seller selling more than 55mn shares over the past month or so.

Anyway, the fundamentals look pretty good.. The FID report as using just underUSD 300 APT prices for their Economics with only 6yrs of mining as input for their financial models. The note fron Northland capital is rightly using higher APT prices as per current spot prices and consensus forecasts and highlight there is easily another 5 years of production to the mine from existing resources.

So based on LP alone, with APT prices around 350 averaged over the next few years, the NPV post tax is likely to be closer to GBP60mn just for the first 6 years of production.

Dekeloil website...investors...reports...

it clearly shows how fast the shar eprice can recover once we clear a big seller.
like i said before, fair value seems to be around 17-18p so we should quickly rerate to 12p base camp now that the weather has cleared.
then camp 1 should see us go back to the highs of 15-17p and then camp 2 should be in the 20-25p area with jorc upgrade and DFS getting closer.

i let you imagine where camp 3 and camp4 are... but i think peak summit is around 50-60p...

looks like the seller has been cleared... might rerate quickly back to 12p area...

when you have joint book runners, you dont pay twice. you pay the individualbrokers based on their committed investor introduction. it tends to be 5% commission. this is all very standard.

if you thought a fair and stable price was the 12p average we maintained for the past 2 weeks.... that was a valuation of GBP 84mn with close to zero cash in the bank.

whether you are happy or disappointed by the placing price, the assets have not changed...only the total amount of shares....from 700millions to 840millions. so that GBP 84mn valuation everyone was happy with means 10p/share today. and thats with 12million fresh pounds in the bank account. so actually, from a enterprise value perspective (more realistic/relevant) the 12p of monday should be 11.5p today (84mn + 12.5mn / 840mn shares).

so forget the placing....
11.5p today is exactly the same valutaion as 12p last week. so right now at 9.6p, its a bargain.

and with GBP 12.5mn in the bank account, we have all the money we want to fast track Mina Do Barroso and play hard ball with all the industrial partners discussing with us.

I think the share price will recover back to 12p in no time and gradually rise towards 20p as we regularly upgrade the asset on its way to DFS in 6 months time.

11 million.. not 111mn

most platforms dont seem to allow us to trade TTAU online. It proves that NEX is definitely not attractive for shareholder/investors at this stage compared to AIM. It might be cheap for companies but its expensive for us liquidity wise.

On the bright side, there is a research note on Tectonic which helps understand what the company is focusing on.
This is not independent research, however, if even a third of what they say is true, then we are due a big rise in the next few months.