Member Info for Flanks

9% drop in mid price, on a 7% spread, after a strong rise in preceding days, is basically nothing happening on RNS day. It would likely have happened anyway.

Nothing shenaniganny about it. The price rose expecting this RNS in advance, while the RNS is positive it doesn't actually introduce anything unexpected. It is pretty normal for this kind of RNS in this kind of context to have no effect on the share price.

Pretty sure their selling is continuing, because I just put a buy through at 4.37 when the bid is only 4.35. Suggests a tick down is overdue.

Should say recovered 'loss' and then some!

I'm on a pretty good run since sula, recovered less and then some. Some similarities here, except further along the exploration chain.

300k at 4.35 is me.

Oddly, today I checked this board (I do every few months, hard to say goodbye after so much work a few years ago) and saw this message. I think that what I did (and which some others do do properly too) is I did not take the RNS/board opinions/google searches as 'research'. After the JORC I paid for two separate independent miners/geologists to assess the JORC (Cost me a shade over 3k for them both, which was nothing considering I had �250k locked in to SULA). They came back with valuations of nil for the iron, which to me meant that any supposed insurance underwriting my investment was gone, hence the exit. I have regained the capital loss now fortunately, but I wouldn't recommend it as a method of reducing tax on capital gains :p Personally, I do think I invested for reasonably good reasons. It would be a mistake to confuse outcome with cause. Sula was always a very speculative investment option, because it lacked income and infrastructure. For this type of investment, at the time, I will always maintain that SULA was a decent option. As always, as long as you aren't over loaded in to that type of investment then it is worth a look! I did over-invest somewhat, took a lot of cold blood to get out rather than chase the loss here, but also relieved a lot of stress! best wishes to all here.

Yes, as I said. Auction is used to establish an accurate mid price, but no shares are actually bought or sold. It is purely a sweeping exercise of the bid/ask auction after close.

Seriously? A UT is a legal technical term, not a random made up lse website term which needs conspiracy theories to explain. No shares were traded, it is as simple as that.

No, UT is an uncrossing trade, it means no shares changed hands at all. It is simply a mechanism used after hours to establish a more accurate closing mid price for shares. The number of shares traded is the number that 'could' have traded at that price at that time, but no shares actually move at all. Basically it is a sweeping exercise to establish accurate mid price, nothing more. Worried that this needs explaining though...

It was a UT, ignore it.

It will come too late for me, I already plan to cancel my subscription within the next two months because of the quality of these bulletin boards. I know of at least 5 others that plan to do the same.

Hey all, just a note to let you know I am exiting vmp this morning. It is nothing to do with vmp, it is a general thing I am doing with all my stocks. For the last 8years I have actively managed a large part of my own investments, the rest being done by SJP on my behalf. I have enjoyed it, found it to be extremely educational about the world in general and also discovered a great deal about the world of finance (and I wasn't that ignorant compared to the average when I started!). However, a few things have changed. 1) The size of it... as I approach 7 figures I realise that it is actually quite iresponsible of me to manage this much money and across so many stocks (nearly 30). I am not a fund manager, and my ability to manage and maintain knowledge on so many shares is just not there. 2) The market is spooking me in general. This year has made no sense to me whatsoever, we had a massive bull run through a period of incredible political instability, and to me that sets of warning bells. 3) Time... I am a fairly busy man professionally anyway, and that is only becoming more and more true! I simply don't have the time to actively invest. So all in all I think it better to let professionals take over for me. I liquidated everything except VMP and SULA last week. On reflection over the weekend I realised that in the short term VMP is unlikely to sustain a rise (unless Helium decide to do the fund raise at a premium again), and so I may as well liquidate here also. For the record, as a medium term investment I still think VMP could be a real star. The management in place is second to none on AIM, even the much lauded board of CTP has nowhere near the connections or pulling power that have been put in place in VMP. I wish you all well and hope VMP does come good for all!

I assume that with such firm conviction, and your personal integrity, that you are therefore short on SRP until you approach buy in price?

Value is tied to ophir share price, and market always discounts until last minute just in case it fails.

While it is an annoying offer for share holders, it is probably a fair offer given current cash position. I cant see this one collapsing, so my interest in smdr is more or less over. Good luck all!

Leakiest.company ever? Grats guys on the offer, feelings about it? Is board recommending it?

Shall abide by my 9am rule, never trade before 9!

Never have i cheered both ways on a share in the same day. Freely admitted my short expectations two days ago, then a buzz in my pocket told me my stop had been triggered. Logging in and checking L2, could see the rise was real, so then went long from 89 to 93p. Decided to take all profts just now though, as buggered if I know how this will open tomorrow and dont want to get caught. For what it is worth, i expect smdr to have serious trouble if sona doesnt come through. Current debt and cash position are very weak with current oil prices. I originally aigned on short targetting 70p, if sona deal clapses it could be way below that in short term, as a fund raise of some kind will become essential (assuming no buy out). All my opinion of course! Best of luck to all that remain here.

This pm rally is interesting though, bucking trend of last few days.