Member Info for davetherave1

some big old trades today!!

good post seeingtom! I often wondered why directors didnt stump up more cash and buy more shares, but when you put it your way, why would then? £15m is enough incentive for anyone!!

Nice to see us back to a near 3 year high

Hi Ant, you still sitting on your full holding from your big buy in April? Must be difficult to ignore that profit!

why 55p?

I'm a fairly tolerable guy and dont mind listening to both sides but enough is enough now. Welcome to my blocked list , goodbye!

is it just me or does there seem to be more the the usual amount of corrected trades popping up from yesterday, all for sizable transactions?

Could anyone explain why these occur and if it actually means anything?
Thanks

Researcher - I thought you said you had an email from AN confirming no need for funding? Was you telling porkies about receiving that email from him?

Not that I'm bothered about the funding, glad its not at a discount - shows real confidence

whether it was a good deal for Gangfeng, BCN or both remains to be seen but I dont agree with people saying they have basically ripped us off.

Would the project be developed without striking some sort of deal with someone? No - because we dont have full funding to complete it.

I'm no expert by any stretch and I'm happy to read both sides of this, but I just dont understand how some people who claim to know what they are on about are having a go saying that the Gengfeng deal is no good because they got in too cheap. I would say to them, why dont they give all their profits back from any share that they bought in 'too cheap'

the Gangfeng deal was negotiated based on the Sp at the time, why would they negotiate based on what the SP could be in 2, 5, 10 years time? Thats not how it works!

On that basis, would you expect to pay an inflated price to invest personally in any share that you think is undervalued? Would you pay higher because you see the potential or would you expect to pay a price based on the current SP? BCN is undervalued in my opinion so I'd happily pay this current SP to top up (if I had spare cash which I dont), but I wouldnt pay an inflated price today, because then where is my profit coming from?

You invest at todays price, not tomorrows price!!

https://www.google.co.uk/amp/s/amp.scmp.com/business/companies/article/3014809/london-shanghai-stock-connect-goes-live-allowing-foreign-firms

Not sure if this has any impact / potential for BCN?

wonder if I'll get to break even point today, not too far off now!! (.320 ave)

here did you see that confirmation Tomcat?

I could be wrong here, but am I right in thinking Woodford is approx 50% down on his investment here? £68.4m at 5pps old money?

just got to continue to hold. Everyone knows you could probably trade it to get a couple of extra free shares but just not worth the risk of mistiming the big RNS!

Good summary Fuk for anyone that hasnt listened to the interview.

I think this is good news, like they always say on dragon's den...... Ganfeng have invested today, not in 2 years time when production has started. They invested at current price (or near as dammit) and as its already been pointed out many times, its not just there money we now have! They see the potential, hence why they have invested now, I dont understand why people are saying we have given it away cheaply, they paid market price at the time.

I know our SP is cheap compared to potential, but Ganfeng will help realise the potential so I'm happy to share it with them! smaller percentage of something that actually goes to production is surely better then a larger percentage of something that doesnt go anywhere

haha I assume that Tiger has been on spouting the usual nonsence judging by other comments. He secured a place on my blocked list a long time ago!!

He's saying this is a bad deal isnt he haha.

Assuming they take up their option to increase interest to 50%, then we are almost there fundingwise arent we? Think someone else post we just need another 40m as they will now be going shares on the construction costs?? Have I read that right??

looks like a lot of pre-determined sells where triggered at .70 this morning. Definitely holding onto mine still!!

my all time fav is the classic 'wouldn't want to be out of this over the weekend', just love!

Posters of that usually find their way pretty quickly to my block list

haha it is a factually correct post at least though Pumpty

I'm in danger of going into profit today!!