Member Info for DJP4976

Suhail wrong and can’t apologise or admit. Said there was no selling and multiple posters saying Blakeney not selling, but yet today I’m proved right, no apology!

As I previously said, this is what I was expecting to see, I never denied that there may also be a buyer mopping up stock also, but my point was the LARGE trades were sells and was proved right today.

Their TR1 was for 20th December, and I’ve calculated they should definitely be below 10m holding now so we should expect more TR1’s from Blakeney Over the next couple weeks.

Once they clear I agree we will see 1p+ again very quickly, we’ve started to see signs the last couple days that they are very close to clearing due to price action!

I will continue to add on any dips

Should get a couple more TR1’s in relatively quick succession now, I’ve quickly recalculated and they are definitely below 10m now, that’s only including large trades, no 500k/250k etc, so could be a lot less, shouldn’t take to long, as said I’ll be looking to add on weakness

Does change my rationale, this is exactly what I thought, and once clear, it’s going to bounce big IMO - only 5m or so to go now going by the date of transaction and large trades since

Lol no confusion at all, Twitter you can’t type more then a few characters. I stated rationale, Blakeney selling will see a rally when done, and also possibility of KLK making an offer, will not be posting anymore until we get news or TR1 to confirm either or. I think the vast majority of decent traders who watch the books of different companies daily will agree these are sells!

Suhail, I can assure you, if I am incorrect I will apologise for sure and eat humble pie! But I’m as confident as I can be this is Blakeney offloading and once they are finished we will see a rebound to 1p+ levels very quickly more likely 1.5p+

And yes that 2.5m trade is a sell again haha!!! Let’s agree to disagree, we are both invested and I’ll add more on weakness, the reason the price has started to show signs it moving the last couple of sessions Because the seller is very very nearly done! Reckon within a week maybe 2 weeks they’ll be out

My last post now as I can’t rationale without someone that doesn’t want to even consider they are sells. I’ll repost in the next couple of weeks when we get a TR1 from the seller, and see if I get an apology.

Well someone is 100% selling down and if it isn’t Blakeney it is KLK, and for the record I definitely don’t for one second believe it’s them, so it has to be Blakeney. I can’t explain why they would be selling, but they are and in my opinion have maybe 8m-10m at the very very max, once they’ve done it’ll move back above 1p IMO as they’ve been pinning it back

Deramping***

I’m not denying there isn’t a buyer also, I’m just stating those large round trades are without a shadow of a doubt sells and not buys, if you think they are buys you clearly can’t read trades.

Take the 8m for example on the 16th December at .871 time stamp 16.15 this wasn’t printed until the next day when it showed as a buy but was in actual fact a sell from the previous day. This trade alone is above 1% of the company and would warrant a TR1 alone, and as yet no TR1 from either a buyer or a seller.

You keep saying no TR1 from seller so it can’t be a seller but if it was a buyer where are there TR1..? Let’s wait and see but I bet it’s Blakeney selling down entirely.

Again, not detailing, that isn’t my style, I’m just posting my thoughts on situation and rational as to why I’ve started scaling a few in today

Suhail - it was me posting on Twitter, and I’m not deramping it as I started scaling in today, been on watchlist a while now and I respect your research and posts, but in my opinion your wrong regarding the big round trades over the last few weeks. I’m not blind to the fact MM’s put trades through and hide buys in red at times, I also test the limits and have been doing so for a couple weeks now on both the buy and sell side so I know what trades are going through as buys and what ones are sells. The 1.03m trade today was a buy for sure at .685, but over the last few weeks there’s been 30m+ in large round trades and they are all sells, there’s been 2.25m, 2m, 5m, another 5m, 1.5m, 8m on top of a lot of single 500k/750k and 1m trades. All of these are 100% sells not buys! Now I’m not saying there isn’t a buyer also taking trades in the 1m tranches but all the trades mentioned above are without a shadow of a doubt sells.

Also you mention no TR1 from seller, well if it’s a buyer where’s the buyers TR1?!? These trades are large enough to cross percentage thresholds which will require TR1 RNS, so let’s wait and see who is right there.

Agree I got KLK holding wrong stating near 70%, but I’m 100% right on those trades being a seller, not even a shadow of a doubt about that.

And even If they were buys theres no chance share price would be sitting at close to all time lows. In my opinion it’s a large holder selling down, whether it’s Blakeney or someone else, they are sells, I’m banking on it being Blakeney and if so, they won’t have many left now.

£1.5m loan facility issued on 5th August - to date £1.35m been drawn down as per below, if volume keeps up next week could be a mover with only £150k left to be drawn?

•14th August £168k 17.5m Shares issued
•27th August £125k 17m shares issued
•5th September £175k 21m shares issued
•9th September £40k 5m shares issued
•16th Sept £175k 19m shares issued
•30th Sept £120k 15m shares issued
•7th October £110k 14.5m shares issued
•18th October £150k 24m shares issued
•28th October £135k 24m shares issued
•4th November £152k 25m shares issued

Timed my buys yesterday a little poorly, considering could have bought today for almost 10% left, but I’m still confident within 2-3 weeks there’s going to be news on the pillar works which are currently being carried out, the last results from one of them were astronomical, coupled with the tiny market cap, should see decent interest on that RNS, all about positioning before hand, reckon it’ll see 0.3p+ again on that news, anyway, let’s see...

Picked a few back up today, traded it a few times now, CEO has basically spelt out positive news around mid November, bumping along close to lows again, see a decent trade back up to at least 0.3’s again, and if it catches on potentially much higher from such a low MC, buy now and wait for November update to bring volume

Poly closed today at £12.2, just shy of an all time closing high, tomorrow could be the day it does an all time daily/weekly closing high, OVB holding in POLY alone worth over £15m now, yet OVB market cap £9.5m, crazy value here!! Should be trading in the 20p+ range

He hasn’t bought just on Friday, he increased his position on Friday, baring in mind most of his holding was bought Around the 0.1p-0.15 area, he saw it rise to close to .5p, 300%+ profit and still didn’t sell any, yet he added more?!? Very interesting...

I took a few on Friday between 0.16-0.2p, I don’t advise anyone else to buy unless adverse to a bit of risk taking, as it’s a very very high risk play now.

It’ll go one of 2 ways, either suspension, and you don’t see your cash again, or potentially a multibagger.

The company have very little cash left And will soon be left with no nomad and suspension. Or the other way it could go is if the guys trying to bring their business into MOS, fully fund the company going forward and a new Nomad Is appointed being happy with the new strategy, also they can’t raise below 0.2p as that’s nominal value.

Anyway, will be an interesting week, again very high risk, but some of the biggest risers come from these plays, good luck.

Not a lot to be honest. Basically the transaction needs shareholder approval at a General Meeting, so this is notice of that on 31st October.

Also the shares issued for the transaction were at a price of 1.65p, so over a 40% premium to where the share price is now.

I bought today, not because I like the deal, but just because I think there’s a decent short term trade back up in here, recently hit 3p now back at close to 1p, reckon a move to 1.5-2p could be on over the next few weeks, chart looks good for a move back up!

Very tight indeed - only 50k sub 6p available!

This stock has all the right ingredients, just need management to produce the goods now and I think Erris does a very big move! Tiny market cap, plenty of cash, JV and partners with not 1, but 2 billion dollar companies, abbeytown showing signs of commercial project, looking for a JV there to prove that and derisk it, which will add significant value to the asset for Eris, don’t know what’s not to like at this market cap!!

ERIS IPO’d 2 years ago & raised £4m at 25p, cash been spent predominantly on their Abbeytown project, proving it up which they have. Share price currently 5-6p area, needs to do between 300-400% to get back to IPO price, think a JV announcement is really going to catch the market out here, even more so if all money spent to date on the project is paid back to ERIS in the JV agreement. Strong management with David Hall and Jeremy Martin both from HZM, they clearly have contacts to get it done! Also potential huge FREE upside if Centerra make a gold discovery and decide to farm into it via their JV agreement, again all exploration is paid by Centerra. I sense it’s going to be a big few months for little old ERIS

Targets looking upwards of 20p, it’s actually crazy to see ERIS valued at cash considering their assets.

Potential Catalysts

Centerra update - all work is in a free ride to ERIS as it’s fully funded by Centerra, but a gold discovery would be huge for us at a sub £2m MC

New project being bought in

Abbeytown JV news or even a direct sale of the asset as previously mentioned

Anyone of these has the ability to re rate the share price considering eris is current valued at the same amount of their cash holding!! The biggie for me is a JV for Abbeytown or a monster gold discovery by Centerra