Member Info for Ctw2014

The big boys continue to mop up PIs loose shares as they have been doing for months. They know what they are doing.

‘An event changing the breakdown of voting rights’ So not selling just reshuffling by the looks.

Hi Ant
Go to the AGM RNS and scroll down to Part 2, section 2 Shareholders Agreement

Anyone still worried about the fact that we are selling a majority stake (hardly an outrage, given the amount CEZ are paying for it) should at least study the details of the shareholders agreement and, in particular, the impressive list of "reserved matters" which require the unanimous agreement of the Geomet shareholders (i.e. SDAS AND EMH). EMH has not given away complete control, as some seem to be suggesting, notwithstanding it will only have 49%. In my opinion, the whole set up looks and feels like a serious agreement between partners with every intention to develop the asset jointly, on a fair basis, and not some "rip off" deal that will result in CEZ calling all the shots and basically riding roughshod all over us. On the contrary, it all looks good to me, but please DYOR.

I can’t find any reference to HUM being shorted at all on short tracker.co.uk

Dropinmonkey - what I see is positive is that we are throwing off cash, got the 2nd ball mill up and running in time and in budget, and we are rapidly paying off debt. Dan made it clear that demonstrating reliability in meeting gold production/cost targets was the present priority. The LOM plan will come eventually, and I am sure we will all be happy with it when it comes. Like everyone else, I would love the SP to be higher, but I don’t think the delay on the LOM is the main reason we are not going up. The main reason for that is the people get impatient, sell, and chase rainbows elsewhere. I accept of course that the delay might contribute to people’s impatience, but if they had a bit more of it and hold, the SP would be doing better. Folk saying that Dan and co are useless etc doesn’t help sentiment and is mostly unfounded in my view.

That should read: "Obviously the IIs ........."

I don’t get all the doom and gloom to be honest. Dan did an in depth interview a month ago, after the Q3 results, which was all good in my opinion. Whilst some IIs have sold, it is clear that others, such as Ruffer, have been moping their shares and those of frustrated PIs who haven’t the patience to wait until the SP/MC starts to reflect value. If you have watched the trades, for months now, there have been chunky buys soaking up all the small trades. Obviously the PIs are going to be careful not to push the price up by over doing it all the while PIs are prepared to let them have their shares cheap. Wouldn’t be surprised to see another holdings RNS soon to confirm another increased holding. News will come. In good time and the patient will be well rewarded in my opinion, but please DYOR.

You just beat me to it with the link. I just received it in an email from Keith, responding to mine earlier today asking why he hadn't done one! I think most of us had missed it, which is a shame. I have suggested he tweet it and update the website to include it and, meanwhile, have tweeted the link myself. Good to hear confirmation that he is expecting an announcement on completion of the due diligence "in the very short term" and the conclusion of the transaction.

You’re probably right but I wish they would get on with it!

Is anyone else bored with arguments about this? I just emailed the company asking why Keith has not done an interview. Let’s see if I get a reply.

....are cancelled sells, not sells.

There you go. The last two trades a sell at 22p and a buy at 23p showing how quickly the spread narrows to a more sensible level as soon as we get a bit of buying pressure. Just hold or buy imo but please DYOR

Just pushed through the 200day moving average. Looking good for a decent break out imo.

We need to get shot of the pesky seller dumping round number blocks though. We would be up but for him/her/it.

Nice £10k buy just popped up. Well done that man/woman.

Should still be 18.75p

It’s not really down that much. People don’t take a great deal of notice of broker ratings. It’s obvious that the deal has unsettled a few holders like Tesla and Earache’s posts earlier will have rattled a few more. There will also be quite a few short term traders who bought in over the last few weeks planning to sell out on a hoped for rise on the this announcement (we did get a small rise, albeit briefly). Some may have made a small profit, others will have been disappointed but sold anyway to chase something else. Once ‘weaker’ holders are out and PR/news starts to flow, I think this will bounce back. Just need to hold or even buy more on this dip imo but obviously do your own research and decide accordingly. BB opinions are the worst basis for investment decisions, but mine remains that this is an excellent bet.

Cadence CEO on Twitter: ‘As a major shareholder in EMH, we fully support the board in this major milestone step for the Company’.

I had not heard that and would be surprised if so as Krupa was pretty critical of EMH. That’s why is good to see his apparent conversion.