Member Info for Derfel

We are basically waiting for news. Next week i reckon.

Large blocks of 10k shares over past week. Lets see who is stake building this time...

In fact it must be him as Barbara Herve is the Executive Administrative Assistant for him.

depends which Simon Casson it is. The contact information is Dubai and there is a Simon Casson that operates in Dubai...so reckon it's this guy: http://press.fourseasons.com/corporate-bios/simon-casson.html

really interesting :)

Ok, so more cash and the best part is this: "The Board has and continues to actively consider and pursue a number of exciting and meaningful investment opportunities within its new Investing Policy and is hopeful of making progress with at least one of those over the coming weeks. As soon as is appropriate, a further update shall be provided to shareholders." - patience.

Ok cool :)

@ontarget - I read the title and thought you were referring to the RNS specifically with the Calvet option :) - I've read the 23/12 RNS : you mean the small print here: "* Under the terms of the call option, Mr Appleby has granted Calvet International Limited an option to acquire 1,590,081 shares in the Company at a price of 18p per share at any time prior to 31 January 2017. Calvet has the right to assign the option." So you are saying that it has been exercised as per your last post?

Calvet can only exercise after 6 months for a period of 2 years at a price of 50p. The Directors have their shares at 50p and warrants are now available at 80p.

:) all looks good here.

I suspect they're confusing Mercom Capital with Mercom Sands / Monchhichi Plc

Fantastic that all resolutions passed. Now the news will start to flow :). The website is funky also!

Ok not today. :) will do soon enough!

Im going to guess break 50p today.

Glad to see this back on it's way. I think a few investors were nervous a few days ago, but it's clear, with director buys at 50p we'll break that soon enough. Looking forward to next week.

At the end of the day, lots of money was invested here by big players. The new management are proven to be excellent with no history of any fraud/scam accusations. The directors are buying at 50p, warrants at 80p and they're promising to reveal their investment intentions after the GM which is on Tuesday. Calvert were also hell bent on buying everything they could, which remember led to this agreement between the parties. I'll eat my words obviously if i'm wrong, but for me this is a strong buy/hold as you do not do above without knowing something.

Less than a week to the GM then news flow from there. Calvet option at 50p, Directors buying at 50p. Warrants at 80p. I don't think this is a long term downtrend.

If directors buy at 50p it only leaves me to the conclusion that we will breach 50p once the GM has passed.

Zorbas was a miner, but it doesn't mean that the Vietnam coal is not worth more. " In addition to the investment in MOWISAT, the Company has a number of natural resources and energy sector investments, the principal of which is its 35 per cent. interest in Viet Energy Ltd, an unquoted company with two coal concessions in the Bac Giang Province of Northern Vietnam. The concessions are based in the Quang Yen Basin, which currently provides 80 per cent. of Vietnam’s coal production, and are just 10 kilometres apart, potentially meaning they could be linked into a single exploration area. The Company has been notified that the project will be going in to production in the first quarter of 2017, and that Viet Energy intends to pay its shareholders a dividend of 50 per cent. of its profits." So obviously this going into production in Q1 is important as we have a 35% interest in it...unless i'm missing something???

Ha, I'm glad the herd haven't arrived yet. Reasonable debate without trolls. It's how it should be.