Member Info for Dartron

Those last couple of lines from Tony, demonstrate the benefit to going slowly for DOID.
The situation could be analogous to trying to put off buying a house, when you are not ready to move in for another month or 2. Why take the costs and risks. Also, regarding the exclusivity, it appears to me that there isn't any other serious interest, hence putting DOID in the driving seat for timescales (again analogous to house buying).
If there were competition, the 2 C's (Covid and Christmas) would not have been an issue.

"
Simultaneously, we are working on an update of the 2019 Feasibility study, advancing permitting for project development and completing resource expansion drilling at BKZ which continues to add very substantive value to the KSK project."

This seems to be a good balanced article, from a website devoted to payment technology. They point out that this is nothing new, as mastercard and visa already offer this. Seems a good site:

https://www.pymnts.com/apple/2022/apples-latest-payments-move-may-be-too-little-too-late/

Just wondering if you have done any calculations? 500M shares after dilution, 14p debt per share.
Going to take some earnings to start increasing in equity, such poor AISC, looking at 1M ounces just to pay the debt off - assuming £100 profit per ounce, and some over heads because the debt is 70M not 100M - est 5 to 6 years in fair weather.
If gold drops below $1700, this is bankrupt IMO. More dilution out to 2026. Its all on the PUR website in the quarterly reports.

We needed Troy this time last year, not sure what impact good management could have when they are mining at almost break even.

I sold yesterday, so wont be back, but strikes me that no one has done any calculations, because I just cant see any upside here at all. This is still is very expensive because its loss making, and even though there is gold in there hills, they have not proven that it is possible to extract it, and look at something like Greatland gold, such a low valuation with way more gold int he ground. Its worth much less when it is in the ground!
I would not buy back in, but Id say this needs to be around 10p now, as less than 1/10 chance of making any return. Interested to hear the counter argument. I am not looking for a cheaper entry, lost enough on this one already. My advice would be to buy oil stocks make some gains back, or possibly GGP for a 3 year view. I think Trek may have been alluding to RMM, which to me sounds like another PUR only 2 years behind this one. GLA.

If you look at the UK, when the Libs were in coalition with the conservatives, the Libs had to make loads of concession such as tuition fee's ect. Or look at the DUP, bought off for a poxy £1Bn. Plus as the UK, we are certain that the EU are a bunch of dictators, so now lets hope that comes true and Portugal are told to get the mine open - LOL.

I like Zvi, he comes across well and is a real visionary.
Sounds like parts will get sold off over the next few years, and BatM will keep innovating new projects / businesses.
The interview highlights the fact that BatM is an innovator in many areas, and as such offers the type of exposure you get backing a start up, but without any of the risks.

Thanks for posting. Added site to favourites.

This mine is in the interest of 99.9% of the Portuguese population. It could get rejected, or knocked back for now, but when you consider that the election was triggered because the coalition would not sign off the budget - because it was not ambitious enough, I hope that who ever forms the next government realises what an economic opportunity they have.
If they have environmental concerns, they could use the revenue to do far more good elsewhere.
Im hopeful, though it will be an agonising next few days for SAV shareholders I think.

The reason why there is no upside for me is because when you factor in the debt it was coming out at about 14p per share (before today). So if AA wanted to buy this out, they need to pay 30p per share plus 14p debt, before any upside or profit for share holders. So Enterprise value is of this company is roughly 43p share. Said company is loss making, has not been able to prove that the assets are easy to mine, etc etc. If gold stayed the same price, I cant see this company rising above 40p this year. They have already demonstrated that their recent claims cant be trusted, as they said cash flow positive in H2, yet done a placing already (why not a loan?). It is ever diminish returns here I am afraid. Plus you are last to know what is going on.

Good luck, I took 32p for mine. Off chasing another rainbow.

I saw a post on JLP of these 2 guys arguing over HUM, and one guy said "show me another company with a worse AISC ". I was very tempted to answer that question.

Hope Darins scalp was part of the deal.

On the bright side, this is because there was no chance of getting those 31M warrants exercised. So 56M new shares is probably only 25M net. I sold a lot of mine at 40p, in hindsight a good move. Will probably sell the rest when price settles down, as there just isnt any upside left here for me.

Troy Fierro, President & CEO of PureGold, stated, "We are delighted to announce this financing..." - At least someone was delighted.

Hi, yes the percentage decrease in their direct holdings must be from the options declared on 22 October 2021.
And yes, perhaps to emphasise the point Joe is making - the reason on the form tells you that it is CFD's not shares which have changed. Thanks Joe, one of the reasons I posted was to get a better understanding, I will look out for the heading next time!

So narrows down the focus to the fact that they have 9.8M CFD's in play, significantly increased on Monday. Hope they are long, LOL.

Welcome Gooroo, this has livened up an otherwise boring day.

Its all fine. Even if we don't hear anything for 4 or 5 weeks, it is still all fine. I think the problem is with the investors not the company. I think a few people on here, their only experience of conducting a business deal is ordering a Pizza, and have it turn up in 15 minutes. I expect they still fret and moan about that. This is a little more complicated, and may take up to 6 months before we can all sit back and pat ourselves on the back for being master investors, biting in to that soft dough.. mmmm

As for the share price, when forum posts are greater than trades, yes it is probably going to pull back. Given some of the crowd we have here are not really here for the oil, but just the 5p sell target.

Thanks to the Abbot to pasting my post on the other site. Yes I agree with the post there by Gooroo1 in sentiment, that was what I was thinking later that evening. (although I think you get the voting rights with CFD's whether you are long or short, you will never know for sure from the RNS, however if they needed to be short, they would of been better selling their own stock in larger volume, so most likely long).

As Cairn own so much stock, they likely know when the RNS is coming, and have better visibility of the goings on in general - it is standard for funds to meet with the companies they invest in.

They possibly knew that they had this week to get the 20x exposure that Gooroo1 mentions and have likely now bet $1M this week on I3E.

TriggerBlade, perhaps this is not worth arguing over, but in my experience of deals I have been involved in, 90 days due diligence does not begin from the moment the telephone is put down, or email is sent. It will normally be specified as starting from, and ending on. The start date is normally slightly in the future at that point in time. All I did in my calculations was start the 90 days from the next Monday, which even that may have been too optimistic. Note the wording in the RNS, implies this was to begin in the future...
"In this regard, the Company will grant DOID an exclusivity period of up to 90 days"

Also worth considering that the 90 days is an exclusivity period. So for example DOID could take 120 days if they wanted, at the risk of another party starting to get involved. If DOID are reasonably sure by the 90 days, they could drag it out if it was strategically beneficial. They would only have to 'close' if another company got to an advanced stage. So the 90 days is pretty meaningless as a timeline. It is most likely going to happen, why would DOID have a 15% stake in ARS otherwise.

I don't really understand the logic of someone like Leem1, why stay invested if you think the guy is an absolute joke.

One correction: The 32,500 should have been interpreted as a percentage - 0.0325% of the total shares. My bad.
26.162500% - 26.130000% = 0.0325%

So that would be about
1126M (total shares) x (0.0325/100) = 365,950 shares sold.

The penny dropped when I read it back the mistake and thought, bloody hell, I own more than that! LOL.

My understanding is that the shareholder has reduced their holding.

If you look at box 7, the total voting rights attached to shares has decreased by 32,500 shares (26.16% -> 26.13%).
box 7 also tells us that the voting rights attached to financial instruments has increased by 0.6834% (0.19 -> 0.87).
Then you look at box 8B2 to see what those financial instruments are....
They are 'contracts for difference' : Open at 9875000 shares (for cash).

So it reads that shareholder sold 32,500 shares, and took out additional CFD's to now be at 9,875,000 shares. He technically has more voting rights, but does not have more shares. Don't know if he is long or short on his CFD - hopefully long!!

Why would he do this? Dont know, but you see this on some shares a lot, like CAML when many funds were entering and exiting. Clearly some kind of hedge.

This could explain the dampening of the share price action over the last few days, as the 32,500 were sold??
Note this started happening on Monday.

Based on my own learnings - Please feel free to correct me if I have this wrong.
I decided to post because both boards are talking about increased holdings, and offers for company etc. Which it is not, IMO.

Got some more yesterday at about 62p. If I had waited an hour, I probably could have got 60p. It briefly dipped under 60p, whether any would have been available at that price, im not sure. Last ditch attempt to hit a few stops by the shorters.
It seems the other troubled stocks with known shorts are rebounding today, too early to conclude that they have finished - so beware! However, don't think it will go much cheaper either. My average is now 68p. Before the short, I had 83p. Next time I will hold out longer, my first buy was at 73p, but you just never know how these things will go. I guess there is always a chance to drop another 10p next year.

https://shorteurope.com/details_company.php?company=BATM%20Advanced%20Communications%20Ltd&land=united_kingdom

# Player-----------------------------------------Short ---Position value--Latest win/loss---Startprice Total value change
1. Ennismore Fund Management Limited 0.50 % 137.13 M -4.74 M 80.1 39.31 M

RNS dated 3rd November. 90 days from Monday 8th November (as an arbitrary start point) is Sunday 6th Feb.
News (Whether good or bad) to arrive the week after?
It is in everybody's interest to get a deal done.

https://www.proactiveinvestors.co.uk/companies/news/972128/hydrogen-shares-offer-buying-opportunity-after-market-sell-off-says-citi-972128.html

I am not expecting a trading update any time soon. Year end is 31st March, Last year the update was after YE, on the 27th April.
I think this will start to build up in price now, making steady highs until the update. We might get to 45p on no news at all.
If things are going as well as hoped, then the update could launch us to Peel Hunts estimate of around 60p from memory.
The Peel Hunt estimate is discussed on the other board site, if you dig back a bit.

The last operational update was 26th October, so exactly 3 months ago. Therefore the next update is hardly late yet.
I realise it was more frequent previously.
Great opportunity to buy more IMO, could be 16p this time next week.