Member Info for DG1Investor

If NM is anti Joint Venture according to the Mining News article - that leaves full sale or taking it to production ourselves. (Is that correct ?) Taking to production would require huge additional mountains of cash - allowing investors to buy in at a certain (palatable) level - options like this would require the financing brains such as (forgotten the company name but visited solgold a few mths back - London mining financial facilitator - someone will remind me) Or a sale....

Make £2k per day from PI’s trading - made from the spread - that’s £10k per week or half a bar a yr - times that by 10 market makers running a book from some 50-75 stocks each and that’s £5m per ur - profit no wonder they are well rewarded - if they are good and can capture those trades

One other thing to add - and apologies to many as not teaching to suck eggs. Market Makers want PI’s to trade - not because they have inside knowledge of what’s coming or about to happen but because they make money from the spread on every single trade - this multiplies up very quickly - so they move the market when they can to entice buys and sells - again not to relieve pi’s of their shares but to keep the liquidity moving to keep the trades coming - more trades = more money Just info for some to consider

Agreed Pad - what a lot of wasted energy - why oh why do they bother !

Good post Grim - my group of friends that I grew up with in Essex - 3 of them became traders/market makers - we all worked in the city at the same time - (I chose a different career) they were on the train 6.00am every day needing to be in for market open - they all made fortunes with one of them picking up annual bonuses in the hundreds of thousands and one peaking at over a million for a single yr. one still works two have retired in their late thirties - culture was heavy drinking from 11.30am onwards as number two’s looked after the book as things calmed down later in the day (with the occasional dash back to the office - cutting short drinks in the afternoon if things became lively on the markets) - it was good times - they are not muppets and you know what they don’t believe we are muppets (well the ones I knew anyway) they really are nice guys. They are not always ‘in the know’ and rarely have any inside knowledge (rarely being key!) - the difference they have is they are not trading with their own money, so their risk tolerance becomes higher and higher. They are barrow boys - all comprehensive educated and none went to university but they are all very sharp, they lived on their witts and did very well. Many on here would also have done well living the city ‘barrow boy trading’ life but maybe it just wasn’t the course of career that was open to us. They’ve been lucky but those not making vast profits are soon relieved of their positions and I know a good few that fell by the way side - it’s ruthless up there. Anyway my point is that ‘muppets they are not’ taking advantage of the position they found themselves in, of course - wouldn’t many of us do the same!’ They don’t know what’s happening with every stock they don’t know the content of every RNS, there is no conspiracy to relieve every PI of their hard earned cash and they do get it wrong - if they didn’t why would so many be quickly relieved of their positions.

Agree with both your points Unic and Tiger - Unic spot on PI’s will never beat City Traders over short term (well - hardly ever) but entirely correct over longer periods the pendulum swings back in favour of PI’s who are not beholdent to keeping immediate profits as high as possible on the books being run. Tiger also agree with you it did have the feel of a leaky ship pre RNS and I do believe we’ve seen this here before with Solg, wasn’t quite the dramatic spike though that I have experienced with other stocks (maybe new Merc’s only and not quite the porsche’s The barrow boys hoped for) the info within the RNS (I believe) is certainly strong enough to keep us up at this new higher level (time will tell on that) - just hope we can push on from here

Exactly right small capper. The CEO is accountable to his shareholders - if you say early July then deliver in early July and if you can’t then it’s your job to tell your shareholders why you can’t. We wouldn’t be so calm if this had dropped 20% this week but even though it has not it shouldnt matter in terms of proper communication from a CEO. I’m very pro VAST and it has a bright future and I’m also happy to be invested here but full trust in a CEO is a must and the non communication and setting of timescales which are subsequently missed is damaging of that trust - I’m sure many feel the same.

Get that top gun - but it just doesn’t wash with me - even a face less govt dept answers to someone. Just want the truth and no more - it’s coming next week fob off

With today’s performance - we never really attacked the 26p volume was low and was loads of very small trades - why do people bother with trades under £100 is it really worth it. Board is also dead - roll on next Friday at least Satan will be back to cheer us all up a bit

It’s been delay after delay after delay for months - why can’t he tell the PI’s what the actual delay is this time. He must know - if he is as wonderful as many think then he will know what the delay is - who has caused it and how can it be rectified ? If he can’t tell us those things then I very much doubt he is quite as wonderful as some would have us believe.

Hope you held on to the tranche of 42000 you bought a couple of weeks back at 22p (from memory) - nice little profit over a 2 week period if you sold out around 26p for that tranche - In all honesty though i hope you've stayed in for the bigger rewards that many are hoping for. My buys around the same mark certainly helped with overall averages - bought so many now that i had to hit at least a few at the recent lows ! my 4p buys were some of the best ever - 40p+ buys not the shrewdest of timing - but hey could look back on those in mths to come and have a very different perspective - time will tell. GLA engines just warming up !!

I’m a royalist - very proud of the royal Familly. Don’t feel the need to offer my why’s. Each to their own though.

That’s a whole lot of drilling Sav ! We need an ‘event’ to provide significant increased value to shareholders. (JV, Sale, part sale, etc etc) I don’t want 1.7b shares to turn into 2b or 2.5b - unless we are significantly north of current sp

Steroids so says Citigroup - worth a google and read of this Bloomberg article Prices to average annual at $8000 a ton in 2022 Now if we are at circa $6000 now a 33% rise in three yrs is going to give food for thought for the big guns out there - surely they must be getting near ready to pull their trigger

Haha yes Unic El-Dorado indeed :-)

Blue breeds blue - so great to finally feel the positivity returning. Get over 26 and hold and the next assault will be at 31p. What an RNS earlier today, exceptional - alladins cave(s) springs to mind.

I’m more than happy for it to bounce around for a while around the 26p marker - 21p was more of a worry for me personally so 26p would be a far more comfortable position - maybe consolidate and then push on up. I still believe that the ‘whoosh effect’ (for want of a better phrase) could leap frog us up in a very significant manner on the smallest hint of a take-over. 46p last time - this time who knows ! Rio cashed up after flogging off one of their other mines - but quite frankly I don’t mind who eventually comes to the front of the queue - sell of cascabelle , bank the divi and go again suits me. Gla

With the low mcap even upon relisting there is certainly plenty of scope for some serious upside - if the team are keen to repeat the process (deals available permitting) then this could be a serious wealth creating long term play - time will tell - I’m holding.

Good and interesting post FilthyRich - I had the 26p as resistance - so lets see how long that takes to get taken out - fingers crossed we sail on up.

Many have been holding here for a good few yrs Touax - some like me held and even bought more when we were in mid 40p’s - so nobody can answer your question with 100 percent confidence - but you can see if I was buying in mid 40’s I for one was and still am expecting a potential price way in excess of that - or I wouldn’t have bought at that level. I for one wouldn’t sell at a 10% loss but you have to decide what’s right for you.