Member Info for Daisan

Lionsgold as was. I like the concept and I hold some shares although they are not currently listed. There are some others out there doing similar things but this does seem like the most complete offering.

I tend to invest in the miners as I am looking for capital growth. If you are going to buy physical gold you should really take possession as the purpose or it is as an insurance against catastrophe. Not much use as a piece of paper on a digit on an exchange if the world goes to pot.

Copper is the bellwether metal and price is driven by economic sentiment and futures trading. There is also a short term surplus which is weighing on price. However, in the long term there is very likely to be a large deficit which the current price is doing nothing to address. I think that there will be an extreme crunch here in a few years and the price will surge.

Very interesting.

Like you I am a bit of a gold bug and actually see silver being the best performing metal over the next few years with gold second. However, I believe all of these metals will do well in the long term so am comfortable with the positions I have in miners.

Not sure I have quite seen it like this as the market will take very high volumes and give the same, although bus are limited to 500k now with the buying that has come through. The inversion is still in place.

Just in case anyone is still tracking these things, whilst I can buy and sell lots currently, the prices are inverted - sells are at 22.55p, buys at 22.5p. The quoted spread is, as usual, a nonsense.

Strange finish. Whilst we were at the bottom I could sell 500k+ shares but could buy very little. Then 5 minutes from the bell the number I could sell reduced substantially (although they were offering 22.8p for 200k) but the offer rose. It will be interesting to see if we have any late trades.

In case anyone is interested in the morning, there were exactly 100k left on offer at 23.25p.

I will take the comments at face value in which case that is not how I would describe the situation berserker.

I think that this trading pattern was very revealing. In the past it has been clear that the share price is pretty well supported below 23p or so. As such, any selling that seems to push it down there is met with large scale buying within a short period of time.

You could say the same for the price going over 25p or so but in reverse. However, today's trading was more interesting as there was little volume and virtually no delay. The sells appeared to be reacting to the MMs shifting the price up rather than buying pressure.

I am going to have a think about this but the trading is suggestive of an entity with a bit of a problem.

AdamP100,

I did not mention a tame seller. In fact, the activity shown today suggests that this seller is far from tame.

knuttie,

You are seeing a 15 minute delay. The current mid price is now 23.5p having just gone up a notch.

After the RNSs were released there was some very 'interesting' trading. It looks like the price was marked higher immediately by the MMs on the back of a 50k buy - I don't believe that the contents of the RNSs were properly consumed. A couple of other buys came through but then whoever the seller is threw a load in to control the price, probably more than was necessary. It does look like someone was very keen to squash any price rise.

Well, it certainly seems to have triggered odd trading as well to reflect the odd TR1s.

Sorry, yes. I was blaming the notifier NOT Bushveld.

It would appear that the Oak Trust got them from Yellow Dragon.

I think that this is really pushing the boundaries of reporting significant holdings! These transactions took place in November last year!

The origins of this is from an entity called 'Muddy Waters Research' who posted on Twitter:

"Muddy Waters is now in a blackout period until tomorrow 8 am London time when we will announce a new short position....."

They seem to be employing a marketing strategy on this of building the tension and then releasing the news. I haven't seen any Tweet from them indicating who they are targeting despite the fact that it is now after 8am. Presumably, as they are US based, they have forgotten to set their alarm.

I am not sure why this was linked to Burford but the share price was hit hard yesterday afternoon on the rumour.

If you think of these things being hard and fast you will drive yourself nuts trying to understand the logic.

I sometimes imagine a share price as a weight on the end of a piece of elastic. The influences on the share price are like tugs on the elastic - initially very little happens as the elastic pulls but then the share price plays catch up and can frequently overshoot even when the influences have changed direction. As such, the correlation is there but don't expect it to be perfect.

I admit, it is not a perfect analogy!

I believe that SVS have gone bust as of a couple of days ago but I do not believe that there is official confirmation of this.

By the way, I consider this defending the company rather than defensiveness!

They repaid $2m of debt in one quarter if you look at the schedule and the actual rate of repayment is a defined formula.

I am not a fan of Au equivalent reporting either. I assume that you are making the same point on the AAZ board (I have previously) as they do exactly the same.

I do not believe that their transparency is great but I have certainly seen worse. Do I have reservations about the company? Of course, they are operating in a murky world!

I take it that paying down the Kapan debt means nothing then? I think that it is better to consider what is known rather than to speculate about what is unknown but can I suggest that you ask them if you have concerns? But, of course you won't as that would interfere with your narrative.