Member Info for Dav3J

Let's not jinx it this time eh?

Much appreciated Nick and FM.

I have seen lots of mentions of a rerate by John Meyer to £1.34 after our acquisition of Sojitz's Vametco stake but can't find anything online. Does someone have a link to this?

A step back from the market means they'll have to sprint to catch up next week!

26.10 - 26.625 with Barclays

Much refreshed from a week away in a very pleasant and sunny Algarve, its pleasing to see the turnaround in the last week. I admit I still spent rather too much time on here and checking the SP while away, and the initial despondency and drop in SP at the beginning of the week following the strike news has turned around rapidly with the brilliant deal done on buying out Sojitz.

I am expecting us to hit 30p within the week, news of a resolution to the strike would be a good start on this, but even without I could see this happening by close of play tomorrow.

So is the consensus that this industrial action ties in nicely with the shorting we have seen earlier in the week?

Paid! Quite the Lazarus act the SP is doing today.

That's quite shocking, I knew there was money in shorting but look at the results when you sort by %short. Poor old Pets at Home have 13% of their stock shorted, and that's only the disclosed ones!

Alfa - while obviously a sell going through at below the MM offering prices is very dodgy, does it automatically become a clear cut case of market manipulation that the FCA can easily investigate and punish? To put it in oversimplified terms, if I have an asset I want to sell, I am entitled to sell it at whatever price I choose, surely? Although it would make little sense in selling it for less than I could do through easier means. What the FCA would need is evidence that this is selling between connected parties to manipulate the price, is the paper trail there for them to do this?

Huzzah, I'm breaking even again!

The BoD could very quickly nip this in the bud by releasing those H1 figures post-haste.

Wonder if Chika is going to bat away investor questions about communications by pointing out that we are now (as of today) a £240m company.

Do we suspect a tree shake?

and now 21.1...

*know

Oof, terrible schoolboy spelling mistake!

If we'd have bought out Sojitz they'd have to declare it via RNS immediately. They cannot time the release. If they'd have bought them out, we'd now about it by now.

@Pdub - think you miss my point slightly, of course I know they didn't write the update in the few hours between the PI emails being sent out and the RNS being released. Instead I think they had this written up for a number of weeks before the formal release (they knew about the issue with ore grades and strikes/protests before the close of the quarter) and were still attempting damage limitation hence the wordiness of the release and attempt to counter every issue with their plan to resolve them. I agree with SOTRR's last post on this one - we were late in reporting issues with our sole revenue stream to the market (as we apparently don't seem concerned with $500k grants to BE), to the stage where I agree it may even run the risk of going against the regulations on SP sensitive issues.

I really they need to up their game in using RNS as a PR / Media mechanism. The BE grant from the USTDA is a great example where they would have benefitted from a timely release and boost to the sentiment behind the company. Little and often would help us IMO.

"Having only taken full operational control at Vametco in the past year, we are working hard to put in place all necessary practices and procedures. Accordingly, the timing of release of the operational update was structured to ensure we report to our shareholders and the broader market a comprehensive update."

Do we really believe that 100%? It seems a remarkable coincidence that the day after they responded to shareholder emails asking why this report was delayed by almost a month (and nearly two months after the end of Q2) they suddenly found the time to write up and release this update.

As others have said they need to start treating their investors a little better. Similarly all this talk of "being a £250m company" is extraordinarily arrogant. They have had issues delivering on their sole revenue stream that were poorly communicated (I think an attempt to sweep it under the rug was made, personally) and us PIs hold >50%. AIM is a rough old ride and the SP can be very volatile on occasions like this.

I am still very optimistic about the financial future of the company; I just think their use of formal communication channels stinks.

Up we go... Where has this come from?