Member Info for dvharrison

Sellers sub 0.54p is not looking good given the delays in 2nd bank sign off. Harry now gone quiet having (successfully!) pumped the share price to get the Placing away....

Nobody sharing the MD's enthusiasm?

Dr. Kerim Sener, Managing Director, commented:

'We are thrilled to announce a significant milestone in Ariana's history......'

The timing of the GOI JV approval is crucial in that it triggers the immediate payment of $2.5M to the company for 'working capital purposes'. If there is a delay to this approval, likely in my view due to the lengthy election process concluding on 1 June, funds may well be required to keep the lights on so a (discounted) Placing should not be ruled out. My 'guess' is GOI approval end of summer/early autumn and a fund raise at around 0.1p. GLA (0.14p is complete pie in the sky pre JV approval imo)

MRP, I didn't say 'short term'! There is bound to be a hefty spike in the SP if/when we get TK finance sign off and i agree with TW's assessment published at the end of last month.....

'We do not see this as a ten bagger as the statement suggests but the idea that the shares could double or treble from here is far from implausible.

With particularly the Tulu Kapi financing approvals and on-the-ground progress expected in the next few months, we continue to consider that this is a gold tip of the year to more than double – and quite possibly much more – this year. Still a STRONG BUY.'

TK finance sign off (and receipt of funds) will be the catalyst imo to the 'market' looking at the other assets in the kefi portfolio in saudi which are likely to dwarf what we have in Ethiopia. 3p+ is entirely possible in the medium term but nothing is going to happen to the SP until (unless) we get TK off the starting block....

Just a great share to trade until proper news....

I love a short term trade but this is just too risky given the precarious cash position. Administration or heavy dilution beckons...

Yep, clearly a 'problem' with the 2nd bank. Harry needs to update his (loyal & long suffering) shareholders!

I suppose it tells us that Mr Miller maintains his confidence in the future of the company....

I was surprised this took so long for the SP to more porperly reflect the positive news in yesterdays RNS. I suppose the BoD wanted to avoid a spike? Buying sub 3.8p early doors was a gift!

Hardly worth the cost of publication!

TB, the other post from this plonker that made me chuckle.....

'We use a number of custom built AI tools for stocks and success rate is over 80% so far. Cant really go into the details as we have a few clients paying over 6 figures per year for the infos'

Should drop before the end of next week?

2 Apr 24 RNS: 'Cizzle will receive an up-front payment of US$100,000 within 30 days as a non-refundable fee to grant BIO an exclusive negotiating period of 120 days'

Traders will be selling for their 10%.....

Mcap just £2.4m so plenty of scope for a decent rise in the SP given some positive news....

I suspect a few will be caught out by the speed of any rise in SP on the whiff of positive news....

Another update from Bolivia must be pretty close....

Mcap still £40M so plenty of scope for the SP to fall much further short term. Placing price will determine how far it falls....

There was so much enthusiasm by the rampers just 3 weeks ago when the SP hit 0.4p. Now a douse of reality and 0.1p fast approaching....

SP is holding up quite well after a very poor RNS....