Member Info for DanBrown83

theres a load of reasons but when theres placing news their ain't suspension, late accounts is obviously a suspension in trading but aim ain't as tight as other markets
fact is a big buyer / seller / markets trading weirdly like today don't mean suspension

The only likely scenario of suspension is that a TakeOver / JV Offer is been finalised but not ready to go to market but could be known about - theres not many reasons you get a suspension on AIM

no suspension but i think some market makers are confused to

the 20million was a sell, but i wonder if the 15mil at 0.35 were buys - they looked like sells but the 20m sell would of been on the books prior

hope so
i'm not a fan of him

15million in sells in a number of transactions
it is annoying that we have a little blue and things seem to settle and they push it down in 10 minutes

I just think your a long way off, most here won’t be here in 4 weeks let alone 4 years, the agreement is well weighted in Newmonts favour as you would expect but it values this asset currently at fair value at $12m, other projects stalled and loss making so the only tangible asset of value is this one

I totally understand but people on here saying 100m market cap and your using potential if it all goes well, the current value until a proven feasibility in the medium term is 4 years and while exploration will increase the value of the asset long term, you are miles away of stating that price, realistically speaking my figures are probably fair value for the deal as is and the sp has risen so high on pi sentiment rather than facts, think physiomics where it hit 30p on sentiment alone before reality hit, open up tomorrow but I see 7p close tomorrow, profit takers etc

why too cheap
existing operations is loss making
Newmoont deal is in 3 stages valuing this Orusur deal with newmont at the following:
stage 1 values 51% at $10m + $2m cash (circa $12m)
Stage 2 valuus 65% at $20m + $4m cash (circa $11m)
Stage 3 values 75% at $30m + $4m cash (circa $11.5m)
This is still very long term exploration, upto 4 years in RNS so i fail to see how this is undervalued until the compliant feasibility study is completed

so a $12m value on this deal relatively stagnant for 4 years is now valued at circa $20m

Option 1 brings the most revenue but is too slow - most PI's here are looking for a quicker profit than 40,000boepd in 2030
Option 2 - isnt that bad and could get 6-8 wells into operation next year, that would take us to potentially 4,000boepd , but depending on terms a lot of PI's would hate this option
Option 3 - this takes time to fund, unlikely to have much movement until middle of next year
Option 4 - think it gets too messy - this is like multiple JV's
Option 5 - my preferred option, its money in, good field developemnt plus we retain a good chunk of income and is the best mix of short term and long term gain
Option 6 - 3rd best option in short term, messy to sort but if we got a good chunk of funds / retained a percentage interest we could move on to Moldova with revenues and Cash
Option 7 - Most PI's preference, but i still prefer option 5, big chunk of cash, big Special dividend and then we have funds for Moldova

if the guy who bought 42m shares couple of days ago didnt sell today (i think its a sell as its just too weird for the number of shares to be exactly the same) - i might have thought there was something more going on but most trades are not for very large amounts - possibly a lot of PI's jumping on the risers board thinking news leak

no one honestly knows, but we know it will involve Lind & Darius, these both have over 2bn shares each and fully diluted both have over 4bn shares
I believe it will be done after this date so its after last years placing of 0.12p, once 12 months hit, and the placing happens, they can take there shareholding above 30% and make the offer at the next placing price, both the last two placings with Lind & Darius will be at the next stipulated placing price, whatever that is - so it is in the main funders interest to wait after this date and for as low as possible

its pretty amazing when they have raised $745,000 this year and not actually done anything and still they expect the bank to be empty this month, likely placing will happen end of October / early November in my opinion

11th July RNS
Working Capital

The funding provided under this convertible note facility will provide the Company with sufficient funds through to approximately the end of September 2018, the Company's working capital position continues to be constrained.

Im going to say mr 42m was a sell, it was under the 0.5p of other trades and exactly matches the number of share bought previouslys, so i think they bought couple of days ago and has sold today for a nice profit
just my opinion
see if rise holds on no news, see if accountant is tempted to sell his shares

There share is about 5000boed Granted fundamentally look cheap for what there producing but still half of 10,000boed and I not looked into reserves but have a decent cash position too No update on production since 3 and 6 month interims so I will go by latest figures across all 3 producing assets

tbh - that is two chunky buys in the terms of Herencia in the last 2 days
but in reality, 57m share purchases when there are currently 10bn in issue isn't anything great yet its raised the SP quite a bit

were about even, you cant use the 0.39 trade yesterday reported after hours as been a true reflection, we were 0.35 - 0.37 in reality - so a small drop and that is due primarily to the 15m sell early this morning, there hasn't been enough volume for the market to push it up today

is this trade correct, it doesn't show on google??

i think so - whoever it is gets in the office at 8.30am, turns on computer, gets his coffeee and then sells 15m shares, then leaves for a round of gold, comes back in around lunch and checks SP, if its too high he sells another 15m else he leaves and goes home