Member Info for daramuda

Thanks for that link. There is however nothing to suggest with the growing 020 market in China that that market includes online lotteries. I am concentrating on the Shandong deal and the potential revenues, and cash flow and profits for DJI and what I hope will be an application by DJI to and a successful listing on Nasdaq.. Whilst the territory of Shandong is a large area, it cannot be the only area which can benefit so let us wait and see whether the board have any other area in mind.

I think that it is worthwhile to revisit veldt's post of 29.03.16 and read about the alibaba/AGTech deal.

First disclosure of one of the additional investors in the company.

If anyone is attending the AGM on Thursday next would he/she be kind enough to prepare a report for private investors and post it on this thread.

closed 65-68.

Given the contents of your 12.26 post, there would have been a placing document and prospective placees will have been seen by a promoter of the placing. If they have learned something to encourage them to invest, to which us lesser mortals are not privileged to be informed then there is an argument to say that there is a good reason to support the stock. I have accordingly added a few.

I am not considering any conspiracy theory. It may be part of the plan to enable Pala to exit (in whole or in part?) and if Sisay is being upfront in the video interview which I have watched it could also be the start of freeing up equity so that a move to the main market is possible.

I am struggling with the announcement because the company, as Corbs has pointed out, has no need for the money. Costs are coming down, there was a hangover of unsold product at year end 31.12.15 which if hypothetically sold would have enabled the company to about break even, the final paragraph of the Sembehun announcement of 22.03.16 made it clear in the final paragraph that "Sierra rutile does not have a requirement to commence construction of the Sembehun Dry Mine...........over the next five years". It also appears on the face of it to run contrary to Pala's normal investment policy which from the detail on its own website implies invest, inject Pala expertise and the sell on to make a profit. I calculated some time ago that the average price paid by Pala over the past 5 years for SRL stock has been between 15 and 18 pence. Double that and add and one has a figure of say 45 pence upwards (jmo). What John Sisay stated on a recent videoed interview towards the end of the interview was that the company intended to move to the main market. That requires free liquidity of 25% of the issued capital. How does today's announcement provide for that? It does not imo. So is this no more than a part freebie for Pala and new iis or if they do not need the money is there another reason.

Thank you and agreed.

500.com capitalised at the equivalent of circa £1 per share on my calculation.

That may well be correct. However I feel that there is long awaited corporate action afoot as mentioned by John Sisay the ceo in a recent interview. Pala want to see a return on their capital and very valuable time injected; John Sisay would like the company to move to the main market as stated in the interview; Gangama is about to come on stream; overall costs of production are decreasing (more to come this financial year) and any increase in product sale prices will flow into the sales not already contracted and certainly into year 2017. Plenty to come imo.

Many thanks - I will do some research

Yes in BKY like you - patience required there because I personally do not think that finance will be tied up before the DFS is released. I also believe that there could be a strategic partnership (possibly China and see Fission) As to Horizonte I am impressed by the assets and with Jeremy Martin - a better interviewee than Paul Atherley. well worth watching each of the interviews. SRX also due a rerate. Again a bit of information to read which comes out of a Numis recommendation. Sorry folks off topic.

You have lost me with 500.com Which company are you referring to and what is its LSE epic code

It could be related to investors liking the two deals recently announced or it could be related to the intended application for a Nasdaq listing (if it happens) or perhaps it relates to another deal or perhaps there is news about the Chinese lifting the suspension. Or there is another reason.

if the price gets up to a decent level which can enable Pala to release some stock and there is a public offer with a move to the main market as the target.

I have also joined this club. Martin is impressive in interview my guess is that he and the board will advance the joined project and if a decent offer comes in as the price of nickel improves sell out. Glencore should see a decent return and recover part or all of their outlay whilst leaving the work to others

of SRL today; sensible buyers imo

It is a risky buy with that spread.

and about time Numis began to properly and fully promote their charge. Sierra Rutile with its infrastructure and vast quality rutile is greatly undervalued. The share price should be well over double what it is at present.