Member Info for CrustyPete

Perhaps a whiff of news in the air? After all this rise is hardly down to the recent trading volumes..... unless there are some large buys yet to be notified.

sunnyca you say "1% of his holding is a smaller number of shares each time".... but it is NOT 1% of his holdings that he is selling each month - it is approximately 1% of the current issued share capital that is being sold into the market each month and that figure does not reduce as his holding reduces. Not until they are all sold or until he stops selling.

Though it is true that he has already sold circa 6% and they have found a home. Let's hope they continue to do so.

Just the sort of well argued, intelligent response we have come to expect from you Dave ;0)

Yes and there are also countless Covid deniers and anti vaxers on Twitter too but it doesn't make them right.....

"Obnoxious fool" - look in the mirror.

"but they have chosen not too (sic)"...... "chosen"? Really? Well that is your perception, of course. I suggest that they have not "drip fed" the market because they have no material figures to release. And moreover you are still suggesting that their so-called failure to drip feed the market is a deliberate attempt to manipulate the share price, yes?

"withholding data"? Really?! I think not. If there was material, price sensitive data available they would be required to publish it to the market. Anything else would constitute price manipulation - are you seriously suggesting that the Board are responsible for price manipulation?

And I strongly suggest you are very careful about how you answer that question....

Those might be appropriate targets for Directors but not, in my view, necessarily relevant for general staff.

My business is a relatively new start up (nearly three years) and funded using both private and institutional equity investment and institutional debt and consequently we have a number of contractual commitments to stay within both spending and P&L parameters; this means we cannot pay top dollar wages to all staff and due to salary inflation in our sector we are suffering from increased staff turnover and, no surprise, unfortunately are losing our better and most valuable staff. Our response was to offer them a Staff Option scheme in which they are rewarded with an option grant over a 5 year period which is contingent and dependent on their individual performance objectives. The better staff get a higher option award. This has largely worked and has helped us retain our key staff. It has also proved very useful in attracting people from larger, more highly paying "institutional" employers - the new entrants see that they will be directly rewarded by participating in the growth of the business that they are contributing to. It means that shareholders (like me) get diluted but only if their underlying investment is directly benefiting from the efforts of the staff we employ.

Maybe 4D have similar issues and have come up with the same solution?

Indeed ;0)

It will be interesting to see if this little rise get's sold into or if SO has now raised sufficient liquidity to let this now continue with it's upward momentum....

I am not talking about the performance of the SP but the performance of the staff that get the award. In most businesses staff only are eligible for Options if they meet or exceed certain objectives or the size of the award is contingent on the level of performance.

It is almost certainly linked - the issue of the Share Options is probably an integral part of his agreed package; the alternative would have been a significant salary and bonus package that was totally out of kilter with the salary structure of the group.

Incidentally I note many people questioning the "give away" nature of the Option scheme. As far as I can see we do not know the underlying nature of the scheme, the basis on which Options will be granted....? It may well be that the granting of Options is "performance related"... in which case it is perfectly justifiable in my view.

As a fairly early stage "embryonic" company with no immediate income it is both usual and appropriate to reward staff and Senior Management through Options and, or Warrants than with large salaries and bonuses that would otherwise put a huge drain on cash and impact the balance sheet. Yes there is a small dilution for shareholders but far better that then the alternative of inflated salaries in my view.

Welcome Deutscher I, for one, am very glad to see you here and hope you will become a long term DDDD holder and BB contributor.

And I wish you and your family a fantastic New Year.

Indeed I share the opinion that now would be a good time to add to holdings though recognise with another 6+% of potential sales from Oliviera it could be a long time before the downward pressure on the current share price lifts. It would take a major breakthrough to overcome that downward pressure if Oliviera continues to sell into any rise. The good news is that all the time that downward pressure exists it allows people like me to add to my holdings and reduce my average. That average is now circa 65p having picked up another 5k shares today.

I will not get a chance to post here again before Christmas so I will take this opportunity of wishing you all a wonderful Christmas and New Year, I hope that you all manage to avoid the current plague and look forward to seeing you all again fit and well in January.

Best wishes one and all.

Ntorya will not be producing until 2024 and until we successfully remediate KN1 we have no production there either, so the recent reference to strong demand in the Wentworth results hardly impacts our immediate situation. We can only hope that, post a successful drill of CH1, the future demand curve will predispose the Tanzanian Authorities provide us with a GSA very quickly thereafter....

I may well not get a chance to post here again before Christmas so I will take this opportunity of wishing you all a wonderful Christmas and New Year, I hope that you all manage to avoid today's plague and look forward to seeing you all again in January.

Best wishes one and all.

Thanks JCEP but "hoping" or "expecting"?

*term - sorry.

Hi JCEP, I agree with RR and IHG an interesting post and thank you; most interesting is the 55% statistic, which is very high and justifies your "short squeeze" comments. However you say "The risk of a short squeeze on news...." But we have seen two material RNS's in recent days and these didn't even make a dent in the market and certainly did not stimulate any meaningful increase on the buy side; though I would agree that releasing news into a "pre-christmas" market is unlikely to have much impact. My concern is what is there coming down the line in the short term that is likely to generate that buy side interest? With another 6+% potentially overhanging the market from Oliviera there is still plenty of mileage in this from the shorters methinks? This could be a long haul.

To be clear, I am a lth not a trader and consequently I am more than happy to accumulate slowly - a "long haul" does not concern me but I see no obvious reason to think there will be a short turn reversal in momentum.

Or, just maybe, just maybe he chooses to act a counterpoint to the somewhat "binary" approach of many posters here for whom, in the main, either everything in the garden is rosy or everything is doom and gloom? Actually, more often than not, neither is the case and it is useful to be reminded of it occasionally.