Member Info for Dartron

In this case, Bardz, you are not following what is going on. This is the conclusion of Anglo being able to buy in at the recent placing, all of which has been announced. Todays RNS is just a formality, saying that it happened. (And in my opinion the green light for the good news and re rate).

Anglo have not increased their holding, they have participated in the placing to keep their holding at 14%. They put their money in after the other participants. The placing was in 2 parts, (although part 2 was a bit of a surprise for us PI's).

Interesting to note some different wording on the RNS to part 1:

Warrants are transferrable. Hmmmmmmmm.
Anglo must hold new shares for 4 months. (Wonder if they are making grumbling noises round the table with PUR)!

Does this impose a time limit on Darrin of 4 months to steady the ship?

Grab a bargain, what ever happens, this is worth a minimum of 65p. Anglo just said so with $3M.

Hi Cheated, yes it worked out really well. Both the shares I bought yesterday put out positive RNS each today, which gave another 5% rise on each. One of them announcing a 3% dividend. Im not normally that lucky, wasn't expecting either RNS, but had been invested in both before, and done the homework, and more suited to me as a long term hold.

Iv been in plenty that have tanked, including Centamin when the wall collapsed (One that you mentioned), or Novacyte prior to the DHSC dispute. Therefore I like to bank profits and not get too attached.

I still have the rest here, and will wait another week or 2 and see what news is announced, but 60p was always my target here, and even on underwhelming news I think we are back at 60p. Its done its job for me, as it might have for you.

MaryBr190 - I get that 'looking to' doesn't mean 'I think it will happen', but do you really think this will go sub 80p?
It was the trading update in June that took us over 80p, and since then we have also had various announcements and interim results. If this does go below 80p, there could be a reason and buying in might then be a bad idea. It is at the bottom of the channel now, 80p would be once support broken. It has only briefly been below 80p once in the last 12 months.
Price starts to look quite disappointing on the yearly chart BTW. If you cant find a better share to trade, you need to get out more. If this breaks below 80p, I'm out regrettably.

You are literally saying, I will wait for it to make a new 6 month low before I add money to this investment.

Sorry, I missed that Burundi was funded up to Dec 2022. (The LSE web site crashed quite quickly after I posted).
BFS - Bankable feasibility study. I looked this up, and despite the fancy name, doesn't address my concerns at all:

A feasibility study is "bankable" if it has been prepared in enough detail and with enough objectivity that the company could submit it to investors or lenders when seeking financing for the project.

Having been invested here, and followed what did happen, then the lack of activity, and watched the finances get low, I just felt the raise doesn't really address many of the future problems does it? 1M to pay a debt, 1M to keep a mine on care and maintenance, None of that is going to get Phalabora up and running. The 3M working capital is a clever way of being able to pay more debt due in the future and salaries. I believe GB's hand was forced to do this, and this is just get out of trouble money. My main point is that Phalabora - even though cheap to build - will still need financing. I do honestly think there will more dilution (or 100% buy out) before it gets to commercial stage. Not looking to buy here, but having lost a sum here, will post my thoughts.

Sold 30% of mine today. Happy to book a decent profit, having bought them at 48p - was it just last week?!. I was expecting the rise to get stuck just below 60p, so selling above 60p was more than I had hoped for anyway. Had other shares to chase, which were cheap today. I do think the rise must be due to a development, which will be announced imminently, I don't think this is just a re-rate on no news. Was a tough decision, driven more by the shares I wanted to buy today, rather than just wanting to sell here. I am intrigued to see what the news is before selling any more.

Dammit, I wanted some more of these under 5p.

Lol, He knew it was coming. Expect his assignment has finished now. New user name, new share most likely.

1M to keep Burundii on care and maintenance up to December. 1M for Repayment of loan. 3M for working capital!
Dont worry, if you missed this placing - there will be another one.

Have a great weekend CHEATED.

Wonder if Q3 results will be out early next week.

Thinking about it, maybe AA said they would only add more money if PUR could raise the other 80% first.

Decided a new thread as wanted to answer a few posts in both other threads:

Having crunched the numbers, AA are now back to the same ownership level as they were before the recent placing.
This was probably always in the pipeline. Cant see any significant reason for AA wanting to do this. The increase in new shares is 0.68% of the total. I have AA going from (yesterday) 12.78% to (today) 13.37% (or 13.7 inc warrants). Prior to the placing, they were at 13.48%. These calculations used the total upcoming dilution at the time (not current shares which might put them at 15%).

Hardly position for a take over IMO. They just want to maintain their original investment, they must feel the extra money was worth it or cheap in the long term if take over in a few years.

It is getting a bit silly now that BOD keep springing surprises.

All I can say to counter that is, AA were happy to pay $1.05 / 61p for the shares (and take the warrants in the future at a much higher price). PUR must have close to $24 in funds now, so hopefully they can make a go of it. At least the brokers didnt get a cut of the new money. I doubt AA are unhappy with Darin L. My own personal feeling, but dont think they would have gone this far if not happy. Longer window to accumulate shares at under the placing prince now, still think next RNS (Q4 report / and or resource update) will take share price close to 60p.

Not great but, buying in 2020 was the mistake, and only way out now is to stick with it.

Well the 6 months that will be reported in the interims has now finished, Apr to Sept. The trading update told us that the first 4 months were ahead of management expectations. Aviation industry recovering, so expect some more revenue from the Aerospace division. Previous FY results showed underlying earnings per share of 2.9p, so if they can improve on that, the current share price is under a PE of 10. (note I have used the underlying true earnings, not the adjusted earnings which include the pension past service credit).

Checking out some stats on Simply wall street, I saw that they have a 1 year price target of 63p, which sounds reasonable.
I expect the current pricing anomaly will soon be corrected here. I have a modest stake, not betting the house, but hoping for 50% return, which from my buy in of 31.5p is still under 50p. If the interims are good, we should see this before Christmas.

One more thing, look at the after hours trades, Over 1M worth of (clearly) buys. I always think this is a good indication of what the real share price should be, some buyers happy to pay near to £11.00. Just saying!

1,071.837 13,885 Buy* 1,064.00 1,067.00 148.82k
1,091.829 3,433 Buy* 1,064.00 1,067.00 37.48k
1,082.973 4,627 Buy* 1,064.00 1,067.00 50.11k

Hi BB, thanks for a pleasant answer. No I am no expert either, but you learn more talking about it. Interesting looking at your second chart, yes I would have a similar opinion looking at that. I use Barchart, which behaves a bit different to your website. However, since you took the trouble to explain your thesis, I have re-created mine on the same site.
https://invst.ly/w6uzi
I am using a standard pitchfork, and you can see that it tracks the rise very nicely over the last few years. The origin of the pitchfork was placed using the weekly chart (on barchart) I just roughed it in tonight to the screen shot. I also included the 100 day MA, which again is acting as support currently, and historically has.
My thesis, is that it will bounce here now, and have another go upward. However, if it does not, then I will get some more, and try and time it better. I did sell at 1227 recently, and that's the problem with this share, it swings so much its just too tempting to buy and sell - whereas it should be an investment for the future.

Lol Trek. TXP going well eh!

According to CHEATED, he already sold his 9000 shares at a considerable loss. The share price has risen since he did this, in fact, he literally sold at the bottom, sub 50p. Now he is saying about this pump and dump, surly it would have been better to wait for the pump part, then sell your stock? No wonder you feel cheated all the time, you robbed yourself.

Know what, there is still time to make some money here CHEATED, you need to be a buyer now, as the price is going up. Any dumping wont start until after 60p, so you have 15% easy here buying at 52p.

I bought even more today. Cant believe to be getting the opportunity. Would say the MM's must be getting short by now too.

BB, I bought back in today, but only a modest amount. I am surprised at your technical analyses, I have different trend lines to you, and am seeing the price hit the bottom of a rising channel, which also coincides with the 100 MA. All other averages are above us, so reason to think that we should head to 1170 or beyond, as we broke 12's not so long ago.
It is an easy buy for me, because I want to be invested in CWR, rather than trade it, so if I am wrong, I will be able to buy more if we go back to 1060 or less.

Ahh, just saw the time of your post, it effectively refers to yesterday. Have you changed your mind now?

To save peoples mouse buttons and valuable time, direct copy from beginning of article

Record month for Pure Gold Mining in August
Stifel GMP upgrades Pure Gold Mining rating to ‘Buy’
Pure Gold ramping up production at Pure Gold Mine as it starts to show high-grade results

Cerea, if you cant see why the price has lowered, you should not invest in these types of shares.

It boils down to a lack of sales and consequently a lack of revenue. Invinity are quite a big company, it obviously takes a large team to deploy a 1 MW battery. Therefore the cash burn is quite intensive. So they are running out of money. They are hopeful of an order, which of coarse would help, but in the RNS, they talk about 'also' having to raise more cash from investors, so in reality probably know they are unlikely to generate enough sales to not need to raise capital. Remembering that the last order was for a very small battery, it might not be enough.

The company will issue more shares (out of thin air) and sell them to investors at a cheaper price to encourage subscription, in order to generate some money. This is known as a 'placing'.

The company will have a figure in mind. Last time in December 2020, they raised 20 million gross, from 11M shares (at £1.75). This meant that as a shareholder, there were now 16% more share holders also invested, meaning that your share in the future success of the company has been 'diluted' by 16%. By the way, that 20M is before expenses! There are substantial costs charged by VSA Capital and Canaccord the brokers. - But at least VSA capital are already working hard for their money, see their pump piece linked in another thread : 'Proactive mention from VSA'.

The really unfortunate thing is, placing additional shares are always priced lower than the SP. The price has declined sharply here now because this isn't the first placing. Usually investors will stomach one, while the company ramps up the sales or drills the oil well. Unfortunately, and the real issue here is that the placing in this case is down to a lack of sales. So raising more money isn't necessarily going to fix that.

As the price drops, the dilution will increase, in order for the company to raise any meaningful money. They felt 20M was needed last time at £1.75 per share. We have very nearly halved the price now, so going to be some significant dilution now.

Seems like a good product, management seem to be trying hard. Just unfortunate lack of sales. Some people probably expected more finance needed, but 20M in 12 months (with sales) and now coming back for more!

Having written all of that, I wonder if you made it to the bottom Cerea? Probably not.