Member Info for Darola

Same here. That 39453 is my buy...

What’s your background? Less than 10 posts, great insights on LVCG, and you decide now is the time to share your thoughts on social media? You’re not a novice clearly - so what gives?

My buy. So can confirm that. Moves very quickly on low volume. When the numbers and news on further strategic and operational expansion become clearer in the new year - and they will - the buyers will flood in. As this is very tightly held it should move up VERY quickly.

And back up again. Tightly held shares here and a reducing free float, so any sustained buying pressure and this will move up very quickly.

Looking at the timing of those 250k trades, they could both be sells. Would explain the drop.

A few more this morning. Putting this one in the draw and expect to see it much higher in 6/9 months.

I bought another 26.8k today and no sod all - other than this will grow massively and has a top class BoD.

Like this bit. And the point I think the market missed this morning. Hopefully will hit the radar of an ii or two this morning and will see some buying from the city. “South Disouq may slip into 1H 2019 but only due to extended volumes being catered for and thus a slight delay on the paperwork front as it will become a bigger development than originally anticipated and 50-60 MMcfd will be onstream in Q1 there is no problem there. SDX looks extremely well placed at the moment and expect the next few months to show a significant increase in production along with a new exploration programme as well as new customers roll-outs in Morocco in line with the long term plans.”

What’s currently reported is out of kilter with growth and the number of new events signed up, the recent corporate video shows how far LVCG has come. A brokers note is due in January that will reveal the value of this activity + DC and the team appear to be in permanent deal making mode at the moment, with another trip to China next week. DC has stated he wants £4+ when he sells up, this figure will be based on intelligent projections of growth and revenue. Even if he only gets 50% of that it’s s 4bag from here.

I didn’t say it was a good deal. I dont know enough details to decide either way - and don’t know that anybody else does beyond assumptions and speculation. I was just saying how it played out. I asked the question when they first had the notice of default, because they were late, and was told they are trying to renegotiate terms and you don’t get the best deal if you pay your bills on time. Guess that’s the same as buying a new car, walk away and the salesman calls you back with a better price. Seems their strategy worked. FYI. I don’t hold here anymore, just dropping in. I have no trust in management and frankly feel conned by the numbers they widely proclaimed and they never got close to delivering. I can accept the force major events, but not the manipulation of how they presented free cash, net debt - where they conviently forgot the large amount of invoices still to clear - and the hugely over optimistic 132k @ 695 AISC. Plus Dan has turned in to a petulant child after a very slick 2017. He felt like “one of the lads” in 2017, thinks he’s fkn Ceaser now! He’s a coward. Good leaders stand up - he’s hiding. Saying all that. Good luck to those still holding. I’m sure there is still value here, and one day HUM might find a way to realise it.

See this as ok st the moment. No seller, and buyers are waiting for an update. So long as the update is good - we have no reason to expect otherwise - buyers will want in, and with no distressed seller we should hopefully start to climb back up. We jumped from the 40s to 70+ pretty quickly, off no one moment, just a stream of solid news finally getting a reaction. Expect the same again when the market is back in the mood for us!!

The default at BH was deliberate. The leaseholder has nobody else to take it, it was a canny move by BH to get reduced terms - and it worked. From the outside it looked like a disaster unfolding. It was a masterful game of poker. The Chinese are heavily invested here and would have never have let it fold. Hence as soon as the lease was reduced - significantly - they increased their stake. Only time will tell how BH plays out, but don’t for one minute don’t think the whole default thing was anymore than a ploy.

Circa 47p now...

I agree that we need the Q3 update to rebaseline our position. Production achieved, production progress/forecast, cash revenue, cash in the bank and more details on the progress of the next exploration campaign.

News tomorrow?

“As for the draw down, it’s it indeed unfortunate the decision was taken to draw to cash down so soon after saying they probably wouldn’t use it” I think it’s VERY fortunate they drew down the cash. It’s s fantastic signal that demand for products and services exceeded expectations, so required extra working capital to fulfill them. Assuming I’m not misguided, I expect it to be paid off very quickly too.

Do you not think with a 40% holding he’s fully aware of the SP activity? A broker note is being prepared and will be released in the next few weeks. I have a feeling that folk will be kicking themselves in a couple of months for missing this opportunity to buy. Free float is VERY low and the MMs have been dropping this on sod all volume. When the buying interestcreturns - and it will - the SP will move very quickly.

https://www.bnnbloomberg.ca/investing/video/josef-schachter-s-past-picks~1543631

David owns 40% so is well defended from any hostile takeover. I also think he knows who the interested parties would be. Hence when he‘s put together the foundations, increased the business lines, contracts and established a portfolio of repeatable products. It doesn’t matter if the market has cottoned on, the future buyer will know exactly what’s on the table and if DC is thinking in terms of £4 now, then that’s what they’ll pay.

Last operational RNS was in August. 2½ months ago. Previously we were getting updates pretty much weekly. Hopefully we’ll get a bumper announcement that SD is online and resume regular updates shortly after, but it’s no wonder we’ve drifted down.