Member Info for Crocqman

There is a difference between having skin in the game with regards to putting their hands in their pocket to buy shares in the open market, and being awarded shares as part of a salary package though.
I think this move is part to appease investors as salaries are too high for what they have achieved over the past few years.

Happy that this is in place, but they do need to deliver on multiple fronts on time and on budget (broken record, but true).

It is true that some small cap funds will only consider investing in a company if the Directors are personally invested, and show that they have a long term commitment and are aligned with shareholders as to growing the company. I am not sure that warrants/options fit this, but different firms/fund managers will have different investment criteria. They will certainly be looking at performance vs company expectation though, so this is where e need to see change before any additional bigger fish want to climb on board. IMO

gla

Great summary Glengarth.
Another (very) good step in the right direction.
I don't think we will see any rise similar to yesterday, but all good here currently with plenty yet to come.

I think we need to start seeing some cash numbers and details of deals to see the next step up, although actual sums for any deals may not be possible.
Still plenty down (averaging 1.01 in ISA, and 0.58 in my larger non-ISA position) but these paper losses will slowly get eroded in due course so long as the TGR team keep delivering
gla

The SP is doing pretty well for the news that we have seen. Imo. Awaiting the real news.
What is needed is delivery, cash flow. Financials to back up the promise.
There comes a time when delivery takes over from hype. Closure of the funding will be the first step.
Not long now, but needed for the SP to start moving

I think most would agree that we are in a better place than 2 years ago, but building on delivery and generating cash is what is needed to rebuild trust and confidence in what the company is doing.
It will take time, longer than many, myself included, would have anticipated, but a corner has perhaps been turned in the long term fortunes here.
Time will tell.
gla

Not quite the SP rise today that many were predicting.
Have said for weeks that normal valuation metrics likely would not apply here.
Still, early days and a rise is welcome and more is likely over the coming days.
Hope we get more confirmation of flow rates here before news of more projects or other possibilities as I feel the markets still need more time to trust what the board are doing here.
Expected to see 2p plus today even on my conservative outlook, but more to come, I'm sure
Good luck for the coming week.

Great news.
Should clear some of the uncertainty (mine included) surrounding the long stop date.
All progressing well considering and positive news on the Li grades too

This completes a hat trick of good news RNS's for me this am :-)
gla

Deal completed as of 1st April.
Great news.
gla

Worth repeating that tomorrow will be initial rates for the first 36 hours per the IQ reply.
They expect more stabilised rates after 72 hours, so likely a further RNS prior to open on Wednesday or maybe even intraday on Tuesday so possible there will be a rise in Monday with potential for a further rise.
Will we be seeing warrants getting exercise and the short being closed?
An interesting few days ahead.
gla

A comprehensive update.
Some delays noted, but to be expected.
Lots of news flow to come over the coming months.
How will the market react? Should be positive, but you never know
gla

Tks BBN.
The first para is in line with the email reply that I received on Monday - all down to final Mozambique government approval.
"...we are awaiting completion of government documentation for approval, the timeline for that is not in our hands. As a company we have done everything to fast track the process, however government processes and approvals take their own time. We expect to reach completion very soon, the ground team is continuously following up with the respective authorities. Will update markets as soon as we can provide details".

gla

We didn't really see the volume increase yesterday after the news on Tuesday, although it was some 10m higher than the previous day.
Volume so far today looking to be much lower, so perhaps folk are waiting on the side lines for the next piece of news, or holding off for the new tax year?
All speculation just now as to why people not piling in, and GSA still maintaining their open short at 0.70%, but things could change quickly here
Holding and waiting
gla

A UT trade is a trade where a buyer and a seller agree a price in the auction in which to transact the number of shares they want to in the auction.
If there is no agreement then there is no UT trade.
It is both a buy and a sell, but the trades are not reported separately

Weird movement down yesterday, and weird movement back up today!.
Surely, the reversal cannot just be off the back of the RNS statement issued?
Useful release though if it has calmed some market jitters

Results due next week, although they should not give any surprises as we already have the NAV for the Q and a portfolio update for the EOY.
gla

Despite all the excitement, volume today was still only 25m, still only around 1/4 of what would be seen as really interesting and a sign that folks were starting to take positions.
Still need some volume to really kick this into gear, so let's see what tomorrow and the rest of tis week brings.

Good and steady progress and we all want the SP to be here or higher prior to news.
Looks like this is going to miss my birthday for flow results, but ANGS could well be bringing an Easter surprise for investors.
Maybe GL will dress up as the Easter Bunny as his last act as CEO !!
gla

I have written off all of the UK projects. I just cannot see any progress in this current economic climate. Not seeing any financing deals getting over the line and if anything positive happens here (UK) in 2023 it will just be a bonus. I seriously feel that EQT should abandon the UK, there is just not the will for these types of projects.

It is all about projects in Europe and getting North Fork done.

Just like it is a massive red herring to keep using broker SP targets as a guide to the possibilities here, I feel that the continual reference to their guidance notes (and company guidance) on what is expected to happen and when is a stretch given what we have seen over the past 12-15 months vs expectation.
Cost overruns and delays are to be expected, so I do not see all the projects to go to plan.

Yes, we will see progression, but the expectation of delivery vs expectation at the start of last year quickly moved from anticipation of good things in 2022 to expectation in 2023, and already that trust and promise has been eroded.
Projects will get over the line, but likely not the big deals we are hoping for.

The hope is that we can use these successes to refinance and stop this endless cycle of small and damaging fund raises.
EQT are clearly walking a tightrope right now. As posted before, it is all about delivery. Closing financing deals and getting projects over the line to generate cashflow - the hope of the latest news (Limoges) leading to some SP stability on the low 20's already looks done today when markets in general (AIM the exception) are up.

Delivery leads to trust. Trust gives rise to sentiment and both lead to the confidence to invest.
EQT have much to do.
Not phrases I like, but it is all jam tomorrow, kicking the can down the road. This needs to change
gla

Well, my email was sent Saturday morning and a reply was received before 9am on Monday.
Other companies should take note. Well done to the team at TGR on this aspect of communication.

As expected, nothing of significance divulged, but my Q's were answered as best as they can given regulatory requirements.
gla

Another welcome update, although another for the future.
Not expecting much SP movement on this as more than 15 months away from financial closure, but this news should see us at least hold at a price between above 20p and not too far from the placing price?

It will be interesting to see where exactly the site is.
I am actually travelling through Limoges next weekend and make a trip there around half a dozen times a year, so it would be good to see how works progress once the financial side is complete. I will see what I can find out.

gla

I think it is a little naive not to consider that there is a possibility that the long stop date could be extended.
I am sure I have seen it written here that it is a tight time line to agree everything and it is not a de-ramp to suggest the possibility. It would not necessarily mean a problem (although the market would likely see it as such).

One of my other holdings had a 1 year long stop date to agree details and financing (UK project). This was pushed out by 3 months, then another 3 months, and then 6 months before the deal was abandoned and other options were pursued (ongoing).

This looks to be a different scenario though, so you cannot compare like for like, and I do not foresee a problem with approvals, or the funding itself, but there may be other aspects to be ironed out.

It may be a case of seeing just how progress can be achieved when dealing with a Chinese company, as opposed to the red tape and general lack of forward thinking and long term planning often seen with projects in the UK.

Leaning towards all progressing as outlined as things stand, but prepared for some bumps along the route to production.
gla

I looked at the company website for the first time in a long time today and have to say the layout and detail of the site is impressive.
Ironic then that I went to the 'contact us' page to send them a message to advise them of this only for the page to continually 'spin' and not submit anything.
I had to resort to sending them an email via their admin address.
I asked them a couple of questions about production figures and progress on the Suni deal - it is 5 weeks since the last update saying both sides hoped to complete the deal in the coming weeks.

I know that they cannot divulge any non-public information, but it will be interesting to see if they acknowledge, comment, or ignore my message.

I wish they would hurry up with the result of their ongoing attempts to 'extract value'.
Some, I am sure, would like to make a decision as to whether to utilise their losses here vs Capital gains for this tax year, or for the next tax year!