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Scrodingerscat,
I am curious, what sort of rise were you expecting on this news?
It is definitely not 'bagging' news, nor is it realistically 20% plus news, especially in the current economic climate and with the level of sentiment and volumes seen here.
The rise so far seems about right to me, in fact the current level seen (5.80%) seems pretty good with a narrow spread. More important is holding the rise and adding with further news. Volume is still very low and has been for months with the odd exception. It will take some time to turn this boat around, but each piece of good news is strengthening the case for a bigger move upwards in SP and to restore some faith in the bod and their actions which is understandably low still for many.
North Fork imo is likely to be the stimulus for any larger rise, and hopefully not too long to wait on that front.
It's bizarre right?
What with the nudge, nudge, wink, wink tweet and all the 'definite' signs about Redwood, and yet no trades since lunchtime yesterday well before the 'tweet mistake' was revealed.
Doesn't say much about the confidence of those telling this board with their subtle join the dots suggestive posts (dyor, hint, hint) when they are not adding themselves for this 'sure thing'.
I will sit and wait on news, as ever. Ignore the hype and suggestion, the level of trades seen is more indicative, imo
Good post bline.
More good news today and another step forward. This year has always been about seeing definitive signs of progress and delivery after the disappointment of 2022 (when I was expecting news like we have seen so far this year).
EQT is still under review for me with a decision to be made at year end, but I am encouraged with this tie-up with Idex.
I have posted for a while that it is Europe and NorthFork where EQT will make progress, hopefully we will see some news out on NF soon too.
A good opportunity for anyone coming in at the current levels.
SP action still a disappointment even with positive news, so will look for further updates to see if the SP can gain some momentum. Not easy in the current economic climate. A change in sentiment, some more focus on this sector and increasing volumes (still very low) may signal a change in fortunes in time.
Will continue to hold with a view to making a decision on any forward strategy here at end of year
gla
Ttta,
I can't see the whole thread but assume you are talking about queries you have sent to EQT?
I have never received any response from them from multiple queries.
Always polite and respectful yet not even an acknowledgement.
I have always highlighted that they need to do better with comms and that view has not changed over several years invested.
I await next news
Not sure the ASX listing will have much impact on the SP tbh.
Have seen many shares in the past do similar and barely a blip in the SP. It just makes it easier for PI's in that domain to buy, any II's would generally have the permissions to invest on the main listing and would likely continue to do so for liquidity.
I would not expect a huge increase in volumes either with the new listing.
Just my experience of dual listings on similar small cap shares. Always exceptions of course.
gla
While the lack of SP movement is disappointing, this is perhaps due to a lack of transparency at times from the bod (not unusual tbh) and some uncertainty around cash levels and funding requirements. The bod do seem to be taking note and learning from this though, and communication is good, especially from direct Q's submitted to them.
As posted before, although down here, I am happier to be invested in a company that is producing and generating cash flow, than one that is still exploring and with much upfront costs and uncertainty due.
Another share I held announced funding back in January. This has been delayed 3 times already with the next deadline 3 weeks away. Production will not happen until 1 year from funding, and experience tells me it will be closer to 18 months, or even 2 years. I took my profits there at an average 80% gain and the SP has dropped some 15% since.
Added some here to reduce my average, and while I may be circa 35% down with the SP fairly static, I feel more confident in progress here than elsewhere within the small cap space.
Volumes here have been decent since the resumption of trading, and will hopefully continue.
Holding and will await further news. TGR is very good with updates compared to many small cap shares, so we seem never to far away from an update.
gla
New member today. The same copy and paste post on 5 different boards (so far).
Reported for spamming
1% volume so far today. Not huge, and on target to be the lowest daily volume since the suspension was lifted.
Suspension at 0.60, currently at a mid of 1.50 and yet the heading says this is oversold.
And no real news since the accounts were filed other than some (incredibly) reaching statements on here based on the announcement of a new corporate broker and Company Secretary.
Pure speculation.
Encouraged by the upward move since this started trading again, but this is one for the traders until we get some firm news. At least the green boxes have (mostly) gone very quiet here in recent days.
Still holding and hopeful to recover some of my losses, but not getting carried away by talk
gla
Good news that the suspension is being lifted from tomorrow, and the market has been notified ahead of time.
The results were encouraging and there is plenty of reason for optimism going forward, for me anyhow.
I will take this suspension as a blip in the process for reporting/signing off the results, nothing more.
No reason to change my hold stance.
Typical that I will be travelling all day tomorrow, so it will be interesting to see how the day unfolds when I get a chance to look in.
gla
One of my other shares was suspended in May for circa 2 months for similar late filing issues.
Results finally announced but no immediate lifting of suspension.
Took several weeks and no announcement and one day saw the SP up significantly. Still no official announcement there and trading for past 5 days now.
I would stress, the other company is in a very different scenario to here, so expect trading to commence soon, just don't think the lift is automatic upon filing as it may have been in the past.
We'll see soon enough
Looks to be a solid set of results.
Numbers increasing where expected and good to see costs reducing. The work to mitigate lost time due to weather should reap dividends going forward.
The suspension was a disappointment, but time to move on. The market should view these figures favourably. A lot of the hard graft has been done over the past 2 years with regards to infrastructure so I hope we will see further growth at better margins going forward too.
gla
I'm saying goodbye to Sharebel.
Come across them several times before.
Non-stop ramping and suggestive posts to lure in others before disappearing. Filtered
Make your mind up, Dom-Bella, is it 2p, 3p, 5p or 10p?
Uber-ramper on every share you post on.
Shameless. Filtered
Some of those answers should shut up a few of the daily complainers, experts and those keen to muddy the waters with their exaggerated claims and guesswork. Somehow, I doubt it though.
Some further clarity provided here on some complicated areas, with further news expected. It is a shame that they are still acknowledging a lack of transparency in past dealings with shareholders and delivering a 'will do better' message yet again though.
Optimistic of the possibilities despite the flagging SP, but still only interested in SFB out of current and mooted projects here
Let's see what the 2nd half of this calendar year yields in terms of reversing shareholder fortunes and making further progress.
gla
Not too concerned about the earlier NED change.
This latest one is a bit different. He appears to have a decent holding here (circa 1.25m shares per LSE). Looking at his Bio on the TPG website, is it possible that is Financial expertise is no longer as important following completion of the Suni/Battery Minerals deal and current production levels meaning different finance requirements going forward?
Some additional info would be useful on this - also, will he start selling his position, it could take a couple of weeks or more with current volume and selling circa 10% per day
Same for me, the rise today almost puts me at par.
I had hope to add more, but chose last week to add elsewhere instead - CTL up circa 40% in that time, my choice of where to add is down 5%. :-)
Still, looking good here with further updates due
gla
Is the RNS clear on debt/funding levels though?
Any RNS on income/cost from production, or debt/funding leads to several different versions of what is 'clear', and all posters believe their version is correct. This is usually a result of a lack of transparency from the company which gives rise to different ways to interpret what they do publish. Of course, agendas at play do not help with 'interpretation' coinciding with particular poster's pov.
EQT is certainly in a healthier state than it was just this time last week.
To say there is no downside here though is false. There is always downside with any share.
To also say this is out of the woods is also false. There are signs of progress with the news last week, but they need to build on this.
Let's wait for the expected news on North Fork and anything else before jumping to (currently) unwarranted conclusions either way. We need to see news on North Fork within the expected time frame, as well as seeing a change in comms to be more transparent, and delivery within expected timescales on various fronts.
The drop after a good rise from recent news usually tends to happen, it is down to EQT to build on this.
gla