Member Info for Datacheck

Echo that too

I was thinking the same Phoenix In terms of demand......But by who? There's a few factors at play all together like placing reaction,placing shares being registered and Roosters large accumalitive sells, the latter which has thrown my original thoughts about sp reaction.....obviously like you say not all placing shares. I'm kicking myself as i never wrote down what I usually do in terms of volume and recorded buys vs sells in the morning vs end of day. I know its never an exact science but good for trending and seeing when the share hits bottom of the latest drop by behaviour of sp through the day. Our volumes weren't exactly massive all week and certainly low on buys.....hugely low. If I remember right Wednesday we recorded approx 1:1 buys vs sells at the end of the day and that was our best day but still 2% down. Sells started off stronger and then buys overtook but never made sp recover as much as fewer sell volume made it drop. Led me to believe MM's taking shares and holding sp down. This morning we had 1 transaction for an hour....only £76 sell and made the sp drop 0.6%. Oiltap then bought 5k. It registered as a sell (but park that)and the sp dropped to 2% down. How does that work!?? I noticed a couple of days the spread was in the 4%s too which for a dropping share is a little on the high side obviously making it less attractive to buy in....... the first time we went to 1p in the re rate and came back to 0.77 ish it was about 3%. With Roosters large volume of sells and literally hardly any buys all week.....why was it so hard to fill your 10k order. So putting the picture together MM's seem to be hanging onto shares and they would only do that of they knew they can sell them back for a profit. They may know this as they know there is a demand to take them and they have the power to let the share come up at will. This is all speculative of course as I really don't know how much power MM's have for sure. But iv called it twice now using a comparrison of past data as to when it's bottomed on the drop at the time of the bottom.....doesn't work for predicting. I think iv said something like "mMs either can't hold this or they are letting it back up". So there must be something in analysing trends.....or I just got lucky. If only I could predict before the time haha. But either warbling winded explanation but I think there is high demand for these shares.

Yet again MM fantastic insight. Still being optimistic about CB I knew there had to be an incredibly good reason for going back on his placing statement. While we await more official information that's an incredibly good start to judge what sort of opportunity this placing has cost us.

good work Oiltap! I was looking at the £76 sell and down 0.6% and was thinking if I had a rummage around could I buy and make us blue. seems MM's want to keep hold of this a while longer

absolutely right MM!

not sure I agree Thomas - people work to either earn money or have a sense of achievement and purpose. failing gives neither

All the best Rooster, good investing to be 100% up

Good luck Phoenix! Wish I had those numbers to grab some at this low price. Had a little go myself only £2.1k tho managed through II to get 0.745 which was lucky

today could be a messy day up and downs due to the shares being registered on the market as per 28th RNS, that's what seemed to happen on Tuesday

the sooner we get over this placing "scare" the better and back onto the companies credentials affecting SP and not market incentive/mood.

Thanks Iky for saying. I sincerely hope we do get to your target and good luck.

I have an optimistic view for GLR, otherwise I wouldn't be invested. we know so much more about the company. we know Starszinc has 72000t of zinc in it. that has a value. we know JLP is building a zinc refinery which has been held due to covid. there are 2 outstanding licences, a JLP transition from BMR for tailings at Kabwe, and a small scale mining licence to be granted by the government. 2 pieces of the puzzle missing. this wouldn't be Aim or investing if there was no risk. you can then look into that risk, what are the reasons for the government granting the liscence, they are in Debt and need revenue as they own 5%, they also get to tax the proceeds. they have a toxic dump at Kabwe that requires high grade ore from starzinc to make viable to clean up and giving a company a viable option to clean up waste is better than not giving them a viable option. the above will give revenue and an SP IMO multiples of today......however you calculate you're own SP for that.
Glenover in the last 18months years has had a railway freight station built just 35Km away so the infrastructure at least is there to do mass take off the site making it more valuable to potential buyers if they don't use trucks. the Galileo website on the front page says they are looking to sell to a major fertiliser company and are looking at take off agreements for Rare earths again providing revenue.

I understand some of you have been burned several years ago so that optimism isn't there. However to say this is "un investible" is just saying the above wont happen at all. don't take the above as a "ramp" as I have also highlighted the risks with the licences and my rational to mitigate.....but it is a fact there are always risks. "new investors" that arrived 2 months ago if they held will be sat on 100% rise. I bet they aren't thinking this is un investible. This isnt a dig and I actually have sympathy for people sat on a loss but to just make claims things are un investible with little or no rational is just as bad as ramping.

7th may RNS at JLP actually say the zinc recovery build progress is on hold due to border crossing restrictions. January RNS stated they were expecting to be producing zinc by Q2 which obviously matches our own RNS's for zinc take off. Hopefully they are taking advantage now of the relaxed boarder restrictions to get us into production Q4 as stated by CB's statement in last TW interview....the durations certainly add up. 60 days for the mining liscence, so ducks starting to align. Just not as quick as people may like

https://www.wanderlust.co.uk/content/coronavirus-travel-updates/

Pretty handy link. Shows what countries are open. If JLP needed items transporting Into zambia for the zinc process completion......as some suspect thats what the delay is, they can get in with 2weeks quarantine. Not mind blowing info I know,but a piece in the puzzle for the zinc circuit we are in to show progress is still possible without being updated what's going on exactly . Short of that it shows you can go on holiday to Italy if you can get there

thanks Oiltap

as per the recent RNS there is a general meeting on the 18th where shareholders get to authorise various proposals about issuing shares, warrants etc

anyone know how this usually works?

Can anyone shed any light on how placing warrants work......more in the sense of their affect on sp at the time of issue and then coming to market. I understand this may not be a short explanation. The company does a placing i.e 17th oct 19. Gives away some shares at a discounted rate. People don't like this for obvious reasons. They sell, the sp drops down to roughly the discounted price possible worse.....is this solely due to the sells on the release of placing news or some sort of market re evaluation. I.e company X is giving part of itself away for a discountrd rate therefore it must value itself as this price?. Fast forward however long and the shares come to market like today. 16m shares drop in and the sp isn't really affected. So why all the worry in the first place? ......forgive my really simplistic view on this. It sounds bad to begin with but the end product doesn't make much difference as seen today

I'm not sure obvuiously. Every day is a school day. Some huge registered buys that aren't making any difference in the daly sp. We have seen this before when we hit 1p for the first time. We assumed warrants then altho this is maybe a slightly different scenario as it's shares coming to market. The intricasies of previously sold or not i don't know enough about, but that would make sense due to little or no affect on the days sp.

could these be the warrants coming in. it is 2nd June and 18m shares washing in that we assume are pre sold.
may 27th RNS then more on 4th June May 28th RNS

I know its not you MM, I can see the same info. with buys like what's coming through they won't hold this down much longer

we are taking a bit of a beating here for some reason. £28k of trades today. £4k sells in the morning sends us down to 8%. nice big buy wrongly displayed as a sell just after dinner of £21K brings us back up to -5%. something not adding up here. MM games?

thanks Jammer. a few ticks in boxes to get before production, but from the CB interview at the shareconference 2020 it sounds like the Zambian Ministry are on side. The licence for JLP tailings helps them out massively environmentally and by doing that they can apply for aid from the IMF. likewise with GLR Star Zinc, they will get some revenue to help with management of huge national debt. hopefully the 2 companies are going to do really well as partners in the near future. looking at the Ministy of mining website permits take 60 days. The latest RNS refers to the application for take off so September ish ready for q4 operations at Star and stockpiling ready to take up to Sable. in the mean time for GLR lets see what deals we can get for Glenover.