Member Info for Dartron

Good people of TSG, I have downloaded the trade log for today which is 15 mins delayed, so just checked data up to 11.40.
There are only 2 large sells today (over 20,000) so far.

The guy that originally posted that story, Donal Pond (ADVFN), also goes on to say he has opened a short. Hmmm.

Could just be a large sell, then price drops on low volume, and this guy climbs on it?

06/01/2021 08:59:20 GBX 125.111 25000 31,278 Off-Book AIMX
06/01/2021 10:03:13 GBX 120 40000 48,000 Off-Book AIMX

Anyone tempted to go long!! :)

Looks a bit lame that twitter feed. However something has pushed the price down, something is occuring.

Link please. (what a poor way to announce this)

!!! To Stress this one year old !!!!

I too searched google and google news, could not find anything.
There was news in January 2020 that matches the allegations, e.g. the daily mail from last year...
https://www.dailymail.co.uk/news/article-7924519/Tasmanian-gold-miner-buried-alive-rock-collapse-trapped-underground.html

Agree Prophet, Hope its just regular market moves. Looks like they might be filling a large order?
However a little narked as bought in at 154 just before Christmas, difficult to be sure as they not fully producing yet.

Why was production down at Santa's workshop this year?
Because his workers had to elf isolate.

What's Budd's excuse?

Merry Christmas.

From a share price analyses:
Yes HUM is a good buy now, its cheap due to large holder selling. 27.5p is about as low as the seller lets it go.

HOC - as touched upon by Sotolo, the SP is likely going to be affected by the sale of the 12%. I say this because we never saw a holdings RNS. Therefore all of those shares got sold to multiple outfits, none taking a large stake. Therefore trading fodder. I suspect this will range 205 to 215 while the shares are sold. Could take a while. That's best case, assuming precious metals prices hold, and no bad news from HOC. (Although I'm sure there is a gentleman's agreement to let these shares out before any more updates). If I am correct, that does not make HOC a bargain, rather dead money exposed to risk. Probably explains why the SP dropped below £2 after the sale, it was the smart money realising this is going nowhere for a few months.

In relation to the TR1/RNS

Chesterfield Resources is pleased to announce that Polymetal International Plc, the FTSE 100 precious metals mining group, has agreed to invest GBP2,100,000 in Chesterfield to take a 22.5% strategic stake in the company. Polymetal is one of the ten largest gold mining companies in the world with a market capitalisation of approximately GBP7.4 billion. This is in line with Polymetal's strategy to invest in mining companies in its regions of operation, and increase its exposure to copper. Chesterfield is a copper and gold exploration company focussed on Cyprus.

Im out dude. Think ill steer clear of this one, unless fundamentals change. As the discussion went on last week, it made me do more research, and I just kept finding more and more reasons! Wasn't going to post again, but since you asked...

Its a bit more complicated than that, and not worth looking at, heres why:
Large trades are always printed delayed. (Large has a definition of something like 6 x market size, not me just saying 'large').
They could be buys or sells,, you wont be able to tell from the chart. Just because the price increases near the trade.
You are dealing with sophisticated traders and computer algorithms.
Sometimes its more easy to tell which way it went, but even having researched the subject and developed software to place all the trades back in to time order, I still find it hard to tell. A big factor is that the bid/ask is not published by London Stock Exchange, so you have to add more algorithms to also try to guess the bid ask.
If I spend a long time working out buys and sells, it rarely tells me anything because there will be both large trades in the log.
The tools I have work better for illiquid stocks, but that's a different subject.

Thankyou for a reasonable reply. I suppose on one level, these warrants need to exercised, and it has given the company some cash. And, if they run out of cash, there are plenty more warrants...

The issues as I see them are that the company isn't really properly financed, its now running on empty and will need a drip drip supply of warrants. When the gold starts to pour, they will be heavily in debt, and this is going to take a fair while to pay off, especially at Barclaycard rates of 17% etc.

As DJ, keeps saying, this is AIM, and delays and setbacks are inevitable, so when the next delay or setback occurs, I'm sure there will be another drop in SP. I also think 900k is not much money in terms of mining, when you have salaries, legal cases to pay, interest, and the AISC upfront. That's before any surprises, which seems to be GRLs forte.

I am not particularly arguing that GRL is a bad long term investment (3 yrs). Most of my postings were about the current share price, which I think is over inflated given where we are. Its also pretty evident that this company has quite a colourful background, and I would not trust them with my money long term.

I don't need a spreadsheet to see that the market capital will have been diluted by almost 40% once all these warrants are exercised, and the reality is that the money from the warrants wont really be enough to run the operations. I therefore anticipate quite low share price growth potential for GRL over the next 12 months. i am only interested in returns over that period, that's my strategy, and there are enough opportunities around without needed dead money tied up for years and years.

I think what was discussed yesterday, was that this would somehow multibag on the permit RNS, which it wont (or for a few days at best while smart people exit). All that will happen is the exercised warrants will be sold to more AIM investors and the price will drift back to 7p. Not an investment case for me here.

As DJ keeps saying, this is AIM and GRL is AIM at its finest.

Hi RightOn, Can you explain how this has cleared out the cellar please?

30 million exercised today, leaving 90 million still to be exercised from AIMS.

Copied from interim results RNS:
120 million warrants, exercisable at 3 pence per ordinary share of 1 penny each in the Company ("Ordinary Share") (the "Exercise Price"), issued to AIMS

We then have:
52 million warrants, exercisable at 3 pence per ordinary share of 1 penny each in the Company ("Ordinary Share") (the "Exercise Price"), issued to the Bond subscribers
(Paracale Gold and BCM each subscribed for Bonds with a value of US$0.3 million respectively).

900k Will help, but if work or conditions need to be met before issue of the EP, the cash might not be that much. DJ can tell you how complicated the EP is, he is the expert on that (apparently).

Oh, yeah, found this gem in the interim results too (Sept 2020):

Following a claim against the Company, brought by a former director (initially announced on 13 October 2016), it was further announced in December 2018 that the South African Labour Court had ruled in favour of the former director and awarded him damages of US$140,000 plus interest and legal costs. The Company reserves its position, though has made provision for this in the financial statements and in October 2019 agreed temporary payment terms with further settlement discussions ongoing following advice from the Company's lawyer.

Wow, look at the damage selling just the 1% did to the SP. I was expecting a 'Were done' RNS.
Might grab a few tomorrow, hoping they pause selling for a bit.

Yes, Holder tells company. Company obliged to releases the RNS.

This has happened as various Holdings RNS through out October for example.

Just forgot to update his website, but its understandable when the phone is ringing off the hook all the time.

Wouldn't want to distract Budd from his important work.

In all seriousness, I just checked back through the RNS, and 28/9 was the date of the first load of loan conversions. So I think the info on the website has not been updated since then. Yes, the value for BGF is now again correct, just like the broken which is right twice a day. however, im not sure about Spreadex or any other info in that table.
http://www.genedriveplc.com/investor-relations/shareholders.php

Dave we can agree on one thing - Genedrive = human error

Dale, I said in my post the other day, the information is out of date. It was last updated 28/09/2020.
Another example of GDR failing to do things properly. LOL

Quick, post a load of nonsense in a separate thread to make this one disappear.

To answer your points, however:

Grow some balls (risk taking) - By your logic, I am taking a bigger risk by being out at the moment. This could multi bag any day. I will be very sorry when I miss that. Having balls is making a decision, whatever that decision is and sticking by it. Im out as I believe the SP will go lower and "there may be trouble ahead..."

You expect us to take anything you have just said with anymore of a pinch of salt. Well done you for seeing all the red flags.

This is complicate, but here goes. I could not GAF, what ever powders you are taking. I am commenting on publicly stated news releases which are all available on RNS button. I really don't care either way, if people go and read the last set of results, and write down where all the gold LOANED to GRL has gone. Not bothered in the slightest.

I only care about my own balance, which is larger for having sold a couple of weeks back, when I believe I also had the pleasure of conversing with you.

GLA GRL (5 rocket symbols + 2 smileys).