Member Info for Daisan

Yes, 500k sounds about right.

And it looks like they have lifted the quoted spread such that all the buys are sells again. Gotta love them.

A great deal of buying in the last hour as a result of the pull back. It will be interesting to see what pops up again later.

On that basis I will scratch your head as well Raz10!

Actually, that makes it somewhat more understandable. The 100k would be a sell on that basis which caused the ask to drop. Still, you would have expected the actual bid to drop as well so it is only slightly more understandable although it may suggest that competing MMs have opposite agendas currently.

Despite which they seem to have dropped the ask again on fresh air (or at least a trade that hasn't been reported).

I don't think anyone fully understands the dynamics of the Vanadium market as it is so opaque.

I agree, but you and I are the feast in this scenario not the feasters and it is the feasters that are happy to live on the edge provided they get to feast.

gkb47,

What has 'fair' go to do with it? When it comes to money there is little in the way of fairness.

Given that people seem to be able to buy, it wouldn't be a surprise to see one or more large, late reported sells given those that cropped up yesterday.

I think that you might want to revisit your net debt calculation.

For bankers it tends to be all about risk. They are notoriously risk averse.

I went on a psychological profiling course a long time ago and one of the things that the host did was play this game. One at a time, each person from a group went to throw a ball in a pot from whatever distance they wanted from 1m to 20m. Three throws with the highest total winning (each metre away was a point). Apparently this was done with a group from a bank and everyone in the group stood 1m away from the pot and dropped the ball in. It doesn't get much more risk averse than that.

And yet your every post suggests otherwise. Intriguing.

I see your offensive is getting more vociferous as the share price gets higher.

Presumably nobody is selling because they see what a sparkling investment opportunity this is. :-)

OK, so we have moved on from the 'default' statement so that is one step. I have no idea who is behind the notes but I can tell you that our Chairman (and our CEO) has extremely rich contacts. A more pertinent question would be do I want an association with those contacts?

Whether you think they would be able to raise the money is, once again, moot as the fact is that they have whether at arms length or otherwise (Ciftay for example). I refer you to the previous paragraph as an indication as to where this has likely come from. In the areas where these people operate I suspect that a great deal of the financing is based on who you know. Whilst I do not know, I suspect that your experience does not extend to the FSU.

The amount raised over the course of the company's history is, of course, relevant but you do have to consider the periods PM and PD (pre-Martin and post-Dekel). The earlier period is ancient history and the amount of money spent on defining the resource ultimately came in quite high as they could never actually do anything with it subsequent to the definition despite raising funds that were supposedly allocated to building a production facility. I think that the money spent since has not been wasted (I completely disagree about Kapan by the way but you would expect that of course).

I confess that this is your weakest point so far.

As was pointed out previously, nobody defaulted on a loan here and this convertible note has been increased steadily over a period of time. I would consider that an endorsement to be honest.

The fees that have been received in shares are hardly out of line with market rates for the services provided I would have said. Whether he would have done them for nothing is moot (and I am sure that you would understand the business adage of anything free has no value). I am sure that we have all done something for a price when we probably would have done it for free and vice versa!

There is no market abuse in these transactions.

shakhtar,

This is standard AIM fare. Most notes that go around are either from house brokers or those that have been retained in one capacity or another. Actually, it is not even just AIM fare. The world is littered with these kind of things. So if you are accusing Chaarat of market manipulation you would have to level that at any company that has had a positive note and are in some way connected to the company (i.e. every listed company).

My advice would be to just ignore them and rely on your own research.

They aren't paying a dividend but they have indicated that they are going to set the ball in motion to do so.

Vauch,

I am not sure what news on a dividend you are looking for. In the final results the following statement makes the position clear on news out this front:

"The Board will review the free cash flow generated by the business, the outlook for business conditions and priorities for capital allocation ON AN ANNUAL BASIS".