Member Info for Daisan

2p was always going to be a tough nut to crack as it provides an obvious place for people to sell at who bought earlier below 1.5p and it marks a multi-year hgih. Many AIM investors have short time scales for their investments and given the pile of rubbish that is 90% of AIM companies, that is hardly surprising. But the price has only be butting up against 2p for a month or so.

Give it time. As more news comes through, provided it is good, and assuming a continuing positive support from the gold price, the pressure will build and we will eventually see 2p break. When it does, it would not surprise me to see this move to the 2.5-3p range quite quickly.

Well, if they shorted then around 40p was an obvious place to do it. Of course, if you short then you will have a stop loss and, once again, just over 40p is the logical place to put it. On that basis, if the price kicks through 40p you could well see added stimulus from these stops triggering and the price could quickly move to the mid-40s.

Ariana is starting to get a reputation for delivering consistently good results. The price deserves to be higher purely on the basis of current producing operations. If gold continues to rise then this should provide the stimulus to break 2p ultimately. However, they now have the cash to further explore their assets, most particularly Salinbas. Hit something big there and the sky is the limit.

This is true. There can be reasonably extensive short positions open without having to report them at all. A coordinated group could each have a short position whilst all of them fall under the 0.5% notification level. Still, 0.5% of the share capital is over 5m shares which is not an insubstantial number.

It looks like PJ may have dumped another 8m+ today in 3 tranches and received 10% less on each occasion. Keep that up and it will be 0.12 to sell by the time he has finished.

mikebassetts,

Maybe not to the private investor but he was VERY derogatory about the board of directors. I would suggest checking his history but, of course, that is not possible any more!

Finishing close to the day's high is always a good sign for potential further strength. Nice to see.

I am not sure this argument has any resolution. On the face of it the assets that RRR have should demand a market capitalisation comfortably higher than the current one. But anyone familiar with the executive team knows that any material proceeds from the assets will not make their way to the shareholders. So both sides are right but it is ultimately a zero sum gain for shareholders.

Couldn't agree more. It is a total disgrace what some of these guys get away with.

When Chartist2 stuck to his price targets I had no problem, even if it was completely tedious. However, he didn't just stick to that. When the trade went against him he started throwing around accusations with no basis in fact.

Actually, I tend to view this in a different way when you consider that AB has had a long career being paid handsomely to do very little. Sounds quite smart to me.

It looks pretty flat from 9am. I don't see any 11am change at all. Oh, unless you count the UT of course which was for 1 share at 3p below the bid. Not something I recall seeing before, at least to that extent.

I doubt whether that 1 share was feeling the love! Let's hope that it has found a happier home.

The general consensus, which I have no reason to doubt, was that First Island were looking for 40p. The duck below that level certainly seems to have had a different feel to the one large seller narrative although in the latter stages we were getting some large trades. Not sure whether we will see more as we go above 40p but given the amount of selling previously and First Islands last reported position, and selling from them should be relatively short lived.

Hopefully!

From 10:09:41 to 10:09:50. Looks like someone mistaking their keyboard for a phone and wondering why they can't get directory enquiries.

Amazing strength continuing today. Just indicates what can happen when the selling pressure is removed here.

Well, they are part of a loose team so you would have thought it would be nice to let them know. I suspect that you are right though.

Significant because his acolytes have significant holdings here as well. If they start bailing then there won't be many people left to keep the company afloat. I wonder whether PJ let them know before he started selling?

BMN certainly have the resources to support a massively higher production rate. Indeed, Mokopane is sufficiently large in itself to support 20k+ mtv on its own. But this will not be developed unless the demand is seen to be there. This is what makes the current Vanadium environment so interesting as it is potentially in transition from a niche to mainstream metal.

And again. Strong move currently. Let's hope this continues.