Member Info for Dan1605

The spread is very thin - 2.1 vs 2.11 to buy . Not seen it like this for a long time.

I've been trading for 16 years and seen most of it. There are some that think MM don't short, they do and especially when they know there's cheap stock coming to market.

There's certainly something going on. I've thought for a while now that the MM could be short and using the warrants for cover. Yesterday was a perfect storm, I think it was a combination of fear, stop losses and those in profit from 1.30 taking it. Volumes traded over the last week are 5 times that of the warrants outstanding - assuming everyone will converted now. Fishy!

You've nailed it Mental. I know what you mean about interviews being flat, they just seem to be missing something, it always feels like we're being told half the story and left to guess the rest, but perhaps thats just my interpretation. This company really feels like it's being left behind at the moment and that's down to the sp. Get this back above 1p and the interest will come back, easier said than done though. I also think the MM are responsible here, I've said it a few times that I think one particular MM is short and not for the first time. The same MM was short back in June on a number of stocks, most of which recovered sharply.

Very interesting that GL has gone from PR blackout to two interviews. One would suspect he's been waiting for a RNS to be signed off.

Oh and both Tang and Davenport need to go!

Here's what's happening. The Chinese are bitter, very bitter. Firstly over the 2nd rig that got postponed and mostly likey pushed in the dark when Craig passed. Their response... to sell out at any price to make it difficult to raise cash. The Chinese are our seller. But don't worry because Colin is long and strong because like us he's 40% down and has no option. What a f*cking sad state of affairs we are in.

Tygra, they've just taken over mill from the last two conversions and it's an absolutely certainty that more will follow in the coming days.

They've been dumping for weeks, 70m warrants does not cause these level of selling.

I've been saying it for a couple of weeks - something fishy going on here. We've traded over 2bn shares in just over a week yet still dropping. Come on GL tell us what we already know.

Not at this volume, the fact that they haven't released a further TR1 is a concern.

So after some fag packet calcs it appears we have 163m to convert which includes outstanding share options. This doesn't include the 173m issued to Aleph which are considered to be in sticky hands.

Found them, thanks!

I have posted a question on the Angus website about warrants, how many are outstanding and at what price. In order for it be answered it may need to be asked more than once. Wink Wink, nudge nudge.

The Q&A on the websites suggests that the major shareholders are having a influence on communications. It's interesting that GL is asking them to be honest, why should majors shareholders dictate comms. Aleph are clearly pulling the strings on something here as "strategic shareholders".

Robemy, have a look back at the two placings last year around Jan time. The info is all there.

It looks like they were 173m issued to Aleph but I doubt there will be in a hurry to convert. They have a two year subscription so you if you're confident that this will be multiples in future then why convert now. A lot of those last year were issued to GP Jersey and Fraser Lang is renowned for dumping shares into the market at the first opportunity.

I think these warrants go back to Jan 2021 and looking back there were around 165m over two placings. So far we've had 65m converted.

Not a great time to have a II dumping but you can understanding why. I know I've said this before but should this Serenity drill not be happening the SP would be double. I've keep seeing comments about it being low risk, the reality is it's 50/50 and to put 10% of our major income on the line to fund it is quite simple reckless. If we're being honest with ourselves nobody feels confident enough to hold into results regardless of what's written on here. Serenity could quite easily damage the good progress the company's made over the last 3 years.

I was just wondering whether that was a buy or a sell. The drill could well be turning away at Bluemoon.