Member Info for Fowldzy

Looks like the polish market has closed after a steep rise. Did the same last week.

Up 14% in half an hour

Ah ok, I see what you mean about GGP. As the size is still so unknown the research is better spent at this stage looking at the development of miners. Once we have a better idea hopefully from the 3D model, we can then look at mcaps etc.? I see the logic, thanks for the help.

Sorry, just to clarify PE ratio is just something I would normally do. I'm not after the same here just an understanding of how you guys see if stacking up over time. I'm more particularly interested in the mcap of similar businesses so I can do research on there progression. I've been looking through Alkane (Boda) and just wondered if you guys had any similar or ideas of mcap?

@RollingInIt - GGP and SOLG from what I can see are a different ballpark in comparison to what we are looking at?

@blackhopper

Not sure if the P/E ratio comment is aimed at myself. However, "If Au levels are high... well take a guess" doesn't really help when deciding where to invest in the longer term.

I'm trying to do some further research before I invest further in this. I use PE ratios etc but they require a prospective mcap and/or earnings per annum. Are there similar companies further down the line with an item like our racecourse find? If not, how do you guys understand whether a small mining company is under/overvalued?

Yeah could well be that but I would have thought they'd have been processed last week. I'd be more inclined to think its more people taking profits to make quick bucks elsewhere. Contrary to popular belief, I can't see above 7p until the third drill is completed. I'm happy to wait regardless

6.1 paid

2500 Bopd (Current) - 1
3500 Bopd (This month) - 0.7
8500 Bopd (Target) - 0.3

It looks oversold from the issuing of shares to me. It will be interesting to see what news comes to light on the 9th Feb as there has to be some kind of news to warrant a conference.

Just done a dummy sell for all my shares and it will give me the full buy price?

Dropped from 2 down to 1.5 in about two minutes.. Falling off a cliff?

Looks a better position than yesterday and the chartists have popped up on twitter which is always a good sign

Looks like it has taken another leg up. It did the same for a short period yesterday so I would be careful.

They are willing to take all of my shares at almost 4p

Thanks Caribs,

I did have to read it three times to make sense of it :) I seen on twitter someone calculated there are around 300m shares on the AIM still to go through with an avg volume of 25-30m a day so around 3 weeks. I think we can expect the SP to rise slowly during that time and a large gap up on considerable news.

From what I can see, there is a number of shares which still need cleared. Excuse my naivety but would these be shared evenly across both exchanges or could it be possible they disproportionally hit the UK market?

Surely if L2 shows MM's sitting on 3.8, 3.9, 4.1 etc.. They have to go first?

I sold out earlier today with the intentions of leaving it for a few days given how the average PI interpreted the RNS. This could be a slow few days for the impatient (including myself). However, with so many different background projects and a new BOD you'd expect keen to impress, the risk to reward of being locked out doesn't cut it for me. I'm certain in a few weeks we will have orders for this machine and licensing agreements with partners. This will undoubtedly double the SP along with the certification news which is pretty much priced in by now.

With that in mind, I'll just keep an eye out for the RNS's and ignore the SP for the foreseeable.

GL all.

@star

I hadn't seen what the solution was if your broker charges. This information is on the PDF provided by Egremont?

It can easily be shared over to twitter and the telegram group.