Member Info for Doc83

“Furry, glenhoss and doc all doing their best to detract from today’s 5.77% rise, as usual filling the board with F.U.D.”

??? I’ve not posted here since the 6th May!

It’s such a shower here, even I’m barely interested to look. Make or break AGM. Will there be a resolution in there to allow a gigantic raise? Likely.

I’d rather Empire avoid allowing large Chinese II’s to invest. They would absolutely be controlled/controllable by the state and it’s a huge conflict of interests given that China controls the vast majority of the titanium market.

JS or whoever/whatever is going on seem to have decided today they'll sell in £5k/~14k share blocks!

MRE upgrade seemingly confirmed for July.

“…we’re pleased, really pleased to say we’ll be bringing out a very comprehensive flowsheet in the coming weeks. People are going to be really excited by the fact we can lay out conventional process steps to show the pathway to a final product”

Final scoping and economic study towards end of the year.

Manlord, they are fair points.

For me, wherever possible I think all shareholders should be treated equally and given the chance to take part in any raises.

On this occasion, I assume the relatively small raise next to our market cap and therefore minimal dilution meant it was just quicker/easier for them to go the route they have.

I don’t think we’ll ever see a giant raise and one we’ll be able to take part in. I fully expect a JV or similar where the partner will cover all costs in return for their stake, similar to Greatland Resources. But we might have a few more of these smaller ones.

Jane Street Capital (usually just called Jane Street) is a major global quantitative trading firm—one of the biggest and most influential players in modern financial markets.

⸻

🧠 What Jane Street actually does

At its core, Jane Street is a proprietary trading and market-making firm:

* It buys and sells financial assets (stocks, ETFs, options, bonds, etc.) using its own money

* It acts as a market maker, meaning it constantly quotes buy/sell prices to keep markets liquid and efficient

* It relies heavily on math, statistics, and algorithms to make trading decisions

Think of it as a hybrid of:

* a trading firm

* a tech company

* a research lab

⸻

⚙️ How it works (in simple terms)

Jane Street uses a mix of:

* Quantitative models (math + probability)

* High-speed trading systems

* Machine learning and large datasets

* Human judgment from traders/researchers

Their systems can execute trades in milliseconds, exploiting tiny price differences across markets.

⸻

🌍 Scale and influence

* Founded in 1999 and headquartered in New York City

* ~3,000+ employees across offices like London, Hong Kong, and Singapore

* Trades on 200+ markets globally

* One of the largest players in ETF trading worldwide

Recent reporting shows just how big it is:

* Around $39.6 billion in trading revenue in 2025, beating many rivals and even major banks

⸻

🧩 What makes it unique

1. Trades its own money (not client funds)

Unlike hedge funds, Jane Street mostly doesn’t manage outside investors’ money—it profits directly from trading.

2. Extremely quantitative culture

Employees are often mathematicians, physicists, or programmers. The firm describes itself as a group of “puzzle solvers.”

3. Collaborative, unusual structure

It has a relatively flat, team-based structure and historically didn’t emphasize a traditional CEO hierarchy.

4. Heavy tech focus

They build most of their trading systems in-house and are known for using functional programming (like OCaml).

⸻

💼 What people know it for

* Being one of the most profitable trading firms in the world

* Paying very high salaries (especially for traders/engineers)

* Running famous internships and recruiting programs

* Having a somewhat secretive, low-profile reputation compared to big banks

⸻

🧭 In one sentence

Jane Street is a high-tech trading powerhouse that uses math and algorithms to make money by efficiently buying and selling assets across global markets.

A spiffing buy right at the end, though.

Dusty, you're back!!!

LHI - correct, no single shareholder has 60m shares. Hence my point about multiple accounts but how they can essentially be controlled by the same “person” or entity.

Ultimately, no one knows. But there has been consistent and immediate selling into any buying and the large trade I mentioned that was sold into immediately, without that trade having even been reported, tells us there was/is an active sell order being worked. There was also another, slightly larger buy order I know of that saw the same thing.

It’s no bother and fun to speculate. And it’s creating opportunities for people to buy in at levels I believe are attractive.

60m could well be right. I reckon there has been approx 170 days trading since beginning of September, when we initially saw some monumentally massive sells. We’ve been getting blocks of 25k, 50k and 100k sold consistently. Indeed, I know of a 268k share purchase someone made that was sold into within 90 seconds with a 250k sale. The purchase wasn’t reported until just before market close… that sale was absolutely more than just a coincidence.

But if we do use 60m, then that equates to ~350k per day. Plausible.

But that would mean 8.5% of shares in issue. A TR1 would surely be triggered. But there are ways around it. Someone could have multiple accounts in different names, husband and wife, company accounts etc.

Our brokers could also be up to something (not suggesting anything illegal). But they would surely know or have some idea of what’s going on because IMO it’s rather unusual. The purchase and sale example above just one example.

Anyway, I’m very relaxed about it. The news coming out of the company is highly positive and I expect further good news and drill results. It’s almost inconceivable that the remaining drilling won’t produce results at least in line with what’s already been reported.

They are sells. Hence the SP falling.

Legendhasit - you've still just proved my point, though.

4 hours is nothing. It was extremely brief and most holders here will not have/or had the chance to get in at those elevated prices.

We were 70p for about 2 minutes. It shot up from ~30p to ~70p almost in a matter of days but then just as quickly fell back.

I reckon most got in between 5-10p with a good bunch in at 30p.

Identical posts there from abzzba and WOS...

oops.

Busted!

Do I still have my puppet on strings? 🤣

May.

That is all I have to say!

“Mike Buck is the best CEO on AIM.”

Fair play, some proper research there to study every CEO on AIM!

What has he said? You’re the master of misinterpretation and misrepresentation so we’ll judge for ourselves.

“I’ve had Dusty DM me repeatedly trying to abuse and bully.“

Messaging, yes I’m sure. Abuse and bullying, I doubt.

Is this the same Jane that said SML was a dead duck at 3p?!