Member Info for Daisan

That is just a generated report. They pop up all the time.

Too small I would have thought. If they are looking for up to $2bn you are probably looking at a market cap. of at least $500m. Anyway, I would not want to be on the end of a Chinese takeover. They pay poorly.

I will sell a portion long before 10p.

Expert10201,

There is a strong share price correlation between companies within the same market sector as news tends to be interpreted across the sector unless it is very company specific. As I am not aware of any specific news related to Largo, the suggestion is that this should be interpreted as positive for BMN. I don't think that this is a particularly outrageous suggestion.

I don't give much credence to the notion that 'somebody knows something' I'm afraid.

Fascinating. You have spent an awful lot of time producing this yellowhammer report. Thanks for that.

I am not going to rebut every point, although there is a great deal that I would disagree with, I think that the clearest evidence of the valuation of the assets is the fact that they seemed to raise the necessary finance for Kapan relatively easily and the fact that Ciftay were willing to contribute a decent sum for 12.5% of Tulkubash/Kyzyltash.

Personally I am invested here for the future rather than the past and this looks pretty strong to my mind. There is no doubt for me that Tulkubash/Kyzyltash will ultimately prove to be multiple times the current size. If you look at interviews with Dusty he is pretty much stating this without committing. This is district scale and I expect another significant increase in both resources and reserves when the latest season's drilling is incorporated.

I suspect that this would be a poor short target as Martin has shown that he is willing to support the share price through purchases under the waiver. Let's face it, he wants a strong price to support convertible pricing to limit dilution to himself.

Interesting maccas21, thank you. I would tinker slightly with the trend lines slightly but nothing too major.

It is interesting today to see how we had a spike in volume once 23p was hit with a number of 30k and 50k buys which are familiar numbers to everyone here. A more recent number has been 60k so it is interesting to see that come in as a sell to dampen the spirits somewhat.

Interesting times!

People selling into the rise by the looks of things. Remember that for those that bought a short while ago this has now doubled.

We live in interesting times!

Great news. What we have been waiting for for a long time. It will be interesting to see how the market reacts. I cannot believe that it will be anything but positive, it is just a case of how positive.

I think that he is suggesting that there is a lot of supply in China that can be brought on line should the Vanadium price rise above a certain level (although this level is unclear). The real target of this is new projects. Unless these are based on low opex/capex they are unlikely to be progressed.

I cannot explain the dip at 12:00 without a delayed sell. Makes no sense to me.

I certainly didn't disbelieve you Drowningman just had it down as a sell when I saw it reported as it was significantly under the previous reported trades.

Really? Now that one I would really struggle with understanding unless there was a significant unreported sell between 12:00 and 12:02!

Nickel_investor,

I don't know whether you understand the history or assets here. I suspect not. Nobody is investing in this for the historic financials. Literally nobody at all. So there isn't really an awful lot of pointing out what everybody knows already but is not the reason for investment.

What people ARE investing in is the potential for gold to remain firm or even increase from here, the new equipment that is now on site that is expected to significantly increase ore supplied to the plant, the access to higher grade ore bodies, the CPRs due to come out and, most significantly of all, the potential to access more significant fund to put them on the road to producing more. All this for something that can just about break even on the tiny production that it has managed up to now.

Given the new equipment, gold price and higher grade ore, the company would eventually be able to fund the improvements to achieve much higher production levels but accessing funds via debt would significantly speed this process.

Nobody is saying that there is no risk here. There is. But it is the same risk that has been here for years and the environment is shifting to the benefit of operations. Not for widows or orphans but certainly worthy of a punt and if it does come good then they are sitting on a resource that is already 5 times the size of AAZ, for example, with the potential to be 15 times.

I somehow doubt that EW enthusiasts will agree with you on this.

Thanks. Which would suggest that we are likely to get another large delayed trade since yours were far from insignificant.

Interesting. I had thought that it was difficult to grab hold of any over the last day or so. How easy was it to get hold of these?

Someone coming over? ;-)

Yesterday saw a late reported 500k sell. Considering the decent buying this morning I can't believe that there isn't a delayed trade to come although I gave up trying to make sense of some of the movements here some time ago.