Member Info for Flashy500

Well done Des! I'm in a similar boat. Had my 2 pints so cheers! Here's to the 30th - may it be matched by the pennies on the SP! (Wishful thinking I admit - but perhaps not by Sept and the MRE).

Thanks Habugg. It seems there's lots of gossip about Oz miners saying it's a biggy - comparing it to the superpit. All valuations off the table in that case as NCM will have to raise a lot more for a buyout than $1.4 billion available. Cheers.

So that would put the MRE in August or so. Is this from a calc you've done on the speed with which they reached stage 3 from what they predicted or a more concrete source? Thanks.

Thanks - I've just done a Google exact match search to see if it was from a Miner's mag or something but nothing came up immediately. Cheers.

Is there a source for this Habugg? Thanks.

Applegarth - I've always disliked Branson since the 1997 general election when he played both Blair and Major off against each other for personal publicity and never declared who he was supporting. I would have more respect if he said who he was backing and why and actually believed in it rather than just try to get brand recognition. Hopefully we'll see a lot less of him in the near future.

Stop losses! Yikes! A good friend of mine lost tens of thousands on a paper gain with s Stop Loss. It was the heady days of fast oil in the South Atlantic, and he was at one point on £60k, multibagged up from 10-15 I think. He had a stop loss set and there was a day when it went down massively after disappointing news - stop loss got triggered at around 50p but the reality was the shares were sold for far cheaper. I wouldn't touch them in AIM shares, and I wouldn't use them at all in times of volatility like we see today. You always have to know why you are selling.

My view on this Coach is it's waiting for the MRE. Maybe the next update but I think many aren't allowed to come in until they get an official resource announcement.

I don't think I agree with that entirely LAWSY75. I don't think we'll be 25-50p in the next couple of weeks at all, (maybe 12-15), BUT, for me, it's the MRE that will unlock the real value here. We can expect that's been brought forward so the previous estimates of it being ready in the latter half of 2020, whilst still true I think, will likely be by August/Sept. Hopefully the RNS on the 30th will give more of a timescale for this. Once the MRE is out, then buyouts and institutions are far more likely.

I would wait until you get closer to the 30th before top slicing....if that gives us a good update, AND a hint that the MRE is being moved forward as NCM have advanced their operations, then it coudl really rocket.

The MRE is going to be the really big mover in my opinion. As GH says in the video on the 11th March: once they have that done then it triggers other key activities... GH says they're really trying to bring that forward too.
https://www.youtube.com/watch?v=018d1gFWNTg (4.40 secs in).

I think we'll get up to 8-10p before April 30, then it depends on the quarterly report. IF it gives us an indication that progress has been quicker than originally forecast (and looking at NCM reaching stage 3 then it has been, plus 10 rigs etc), then it might be that the MRE might be sooner than we think - this will be the real driver for share price. It will allow the big boys (institutions) to come in and also be a green light to any NCM buyout.

Aandi -there are loads of cats in hell - everyone knows that the best pussy goes down!

I'm in the same boat Paddy - but I can't pull myself away from the chat and the refresh!!!! Too exciting.....

Hi Applegarth - I wasn't in SOLG - but how many shares did they have in issue when they made that jump? GGP have 4.2 billion or so. Thanks.

Thanks Trevally - that's so so true......

I've been had in a few oilies as well. The difference here is that we know the grade is good, and we know there is a resource. So it's not quite as 50/50 as an oil drill. GLA.

If hsi aim is to hit a $1 billion company then that's 23p a share or so....if we have 4.2 billion shares or so....that would be a nice surprise on April 30.

No Tigger - I've been locked out for 2 hours or so.

Thansk for those explanations. Need to get my reading material up to date for this qurantine - I've had 'simple bbut not easy' on my shelf for years and never got round to reading it.