Member Info for DGR1980

Be interesting to see what happens over the next week or two

I bought in a little earlier at 16p.

If my past trading history is correct we'll see a drop today

That times article seemed to be on the pessimistic side throughout, apart from the final paragraph where they rated it a buy. Even the headline that it displays when linked on twitter is pessimistic

Because they don't want PIs to add more, its all about the bigger fish

Harrysdad, There is very little new in there, its mostly a rehash of the March 28 project update

60% below the market rate? what the hell are you smoking?

They got the shares at 1.4p. According to HL the closing price last night was 1.75p

Using tried and tested maths 1.4p divided by 1.75p is 0.8. So the shares were a 20% discount to last nights closing price

Also not sure you can call it dilution when the income provides the cash to buy the other half of Redmoor.

Yes there are more shares, but theres also a bigger pot of assets.

Pretty sure that 1.4p and 1.6p would both be classed as penny shares Fira.

You had your chance to buy in the dip this morning, and may still do at lunchtime

Their holding has only gone down by 0.02%

The big difference is that the number of shares they've lent out for shorting has increased from 1% to 1.6%

Myo - I think you may be overestimating Look North.

I'd be very surprised if their 20m underground didn't mean 20m tunneled

Its offering 1.57 to buy. Hardly as huge drop

Works for me.

Its payday and pension contribution day on Thursday. Would rather pay 1.5s than 1.7s, although an RNS saying we own all of Redmoor may put paid to that idea

mjkismgs - St2 funding takes us to 10MT. Its the increases to 13MT and 20MT that will come from the sales

Bellers - Wasn't it 4500 last time?

The real question is 'will it hold?'

Chesh, Long ago i set myself two targets for number of shares to hold in my pension, based on divi's in the 5-10p range. My stretch target was my realistic target + 60%. Due to the St2 funding dip i've managed to get to my stretch target, but the proportion of my portfolio is about 45%. Thats at this ridiculously low price. As the price rises now the proportion of my portfolio SXX makes up will get bigger.

I'm happy with the number of shares i have, and the divi i've calculated as potentially feasibly. Pension contributions from now on will go predominently on 'safer' FTSE current divi payers, and some 'educated punts' on other AIMers to lower my SXX proportion, although i'm fully expecting the sp rises to push it over 60% of my portfolio before divis start

I know its only 8 grand, but its nice to see a buy almost at 8p

Yeah its not nice is it Chesh.

In all seriousness though, am right at my stretch number of shares now in my pension, so ISA only for the subs now

Wheres your ambition Chesh?

Wasn't someone predicting 6p? That'd really be good for subs

(Clearly joking here)

Hah chesh.

I'm happy at 0.01p a day until subs go through . . .