Member Info for Crossthetea

The 2M@7.5pps buy at 0947 is an interesting play, filled during the doldrums.

The neighbouring trades tell me it was a buy... of course what do I know I shoed my cards too soon on this share and hit the wrong side of the cliff-edge!

Given the narrow spread seen a few days ago, realively unchanged SP despite sells and now accumulating insider trading, I would typically see this recent movement as a good old fashioned tree shake before decent news drops

I am not an LTH and have not seen the recent pain, so you could stay I am unbiased just looking at the patterns... or just don't know Baay yet!

A £35M company and zero trades 2hrs into the day? Where's the liquidity, MMs!

This tells me the MMs see risk of any trade tipping a balance at this level and any news will see massive movement either way...

Great RNS yesterday though, the employee share scheme at retail shows commitment by the company to the SP.

So everyone is just ignoring the operatonal impact of recent tropical storms and hurricanes in the area? OK then...

Sorry Prophet, you misspelled impotent

They are all sells today. No news is bad news regarding legal and diligence after all.

Look at that spread though. The MMs want sells, loading up for some reason. Something's on the way.

A smart service contract is to pay for the mobilisation per hole then by X meters sunk up to a maximum depth. The RNS didn't detail their OPs, and I wouldn't expect it to, though it seems that they drilled down until they found what they were looking for then moved on, with each hole. So if they are saving money by playing the game smart then I'm up for that.

Just say these assays come back with a ridiculously large mass of gold per tonnage, another 2 drills in the same area wouldn't teach them anything and would be a waste of money. They would want to move them out from this ground to plot a tangent so as to start planning the layout of the mines... no-one wants a service site for the mucking equipment on the peak of the dome deposit... that would be silly.

If we see great results this year then the value will go up and give the business options for further capitalisation, refined by the next drill phase... I was initially skeptical, though thiking about it, I'm actually getting quite excited about being here at this time.

Well, the RNS states that that's our lot regarding drilling for this year and some time into 2026... meanwhile assay results this year, possibly December, will only count for two holes. So this makes for a lot of eggs in a tiny basket for some.

Between the lines, I wouldn't be surprised if there was a raise between now and completion of this drilling phase. Lights have to be kept on after all, and everyone expected this phase to complete this side of new year. I know I have had to update my calculations.

A whole lot of shakin' goin' on....

The only thing we know about the CLNs is that they were issued. If there is no notification of holding this week then it is likely that they have been cleared.

Looking again though the last few weeks has a very similar pattern to GGP when the IIs were buying in so you may be right!

Albeit on a different scale of capital.

Likely PIs though. You want to advertise being part of a few respected funds, rather than have them hide behind brokers.

A lot of sticky fingers there. I saw the same with GGP and the MMs had to drop the SP significantly to acquire the volume to allow the IIs to buy in earlier this year. Up almost 100% since then though.

Well, you're right that they do not need to use a tr1 though they do have to disclose within the timeline regardless as to the rules of AIM, I'm thinking as it was a CLN then the company knows who they recipient is so must disclose within 2 days unless the threshold drops within that time. If there is no disclosure next week then the shares have definitely been cleared already, though I would have expected something by now if they had not. It's pretty straightforward.

Surely a TR1 for each holder must have been filed by Friday latest, given the AIM 2 trading days rule and the shares being admitted on the 14th.

No TR1 was pushed this week so likely the majority of these dilution shares have been sold already. If they were picked up by the brokers themselves, Halifax or Barclay's, then it is in their interest to keep the SP as high as possible with momentum to increase, though I doubt the brokers bought them, not their style.

Strange times, it's a tightrope at the moment, get in before the production RMS spike as we suddenly become officially proper revenue generating, or hold to observe that the support levels are holding.

Spikes appear quickly though, and I wouldn't be surprised of a bounce over the next few days.

It depends on how the vote went. Quite a lot of negative sentiment, so could go either way.

There are quite a lot of people who bought in today who I guess do not know the risk that a 2.67pps buyout may not happen!

That's because there is high risk of the waiver vote being 'no', leading to increased risk of administration come Monday.

There is little chance of them walking away, this is just a tit for tat trade in scare tactics, sit back and enjoy the show and marvel at the anti-climax of Barrick paying quite a bit of what the junta are asking.

Worked it out... administration would raise the operating expenses due to increased risk considered by insurers and contractors. It would also likely prompt a renegotiation of the mining license terms because of the same risk...

So Coris must believe the AISC/opex would be too high for meaningful payback if the company enters administration.

Which is why they haven't pushed for it now... which makes sense and now I understand why they are calling for the waiver, buyout and delisting at this time.

I wouldn't be surprised if delisting was DBs idea, the London market lost confidence in him a long time ago.