Lol, expensive games. Possibly didnt realise what got self into and saw the £500 loss and panic sold. Just got to wait it.out and ignore the balance although I been buying since about 1p (tiny fraction over) for first tranche.
As still low so far today between 6th to 13th when big drop the volume of trades were higher and imo it does seem to have settled down suggesting the seller us done (or possibly paused). Value of trades today is also pocket money really. Not a big fan the the cryptic brigade on here though who claim to have info not known to public. You may well be right, and you may have said info, but you'd be daft to be posting / suggesting it here as you are. For that reason I find it hard to believe but happy to see a 3 million deal rns etc Gl all
Their initial share purchase was peanuts but their proportional contribution to the overall financing is much larger. That said, they signed the formal agreement and in my view have committed. I suspect Peter S is having a chat with them about it though and lets hope he let the market know swiftly to avoid any further uncertainty.
I have read through the rns' on the Ganfeng partnership and I couldn't see mention that shareholder approval was required? Surely as they have signed the formal agreement and its going through chinese government approvals we are passed the problem outlined in the article below. Ganfeng have enough cash I assume...
When reading the last rns re reading the note from Ganfeng lifted my spirits again: 'Mr Wang Xiaoshen, the Deputy Chairman of GFL, commented: "In signing these agreements we are not just committing immediate financial and technical support to the Sonora Project, but also advancing Ganfeng's growth strategy to become the world's largest lithium producer. We are demonstrating our intention to be the cornerstone funding partner for Bacanora at a corporate and project level going forward. Over the rest of 2019, we will work closely with Bacanora's management team to optimise project capital costs and evaluate potential economies of scale in the Sonora Project."
RE: news will only get better now12 Aug 2019 20:24
Yeah I agree re closed period and I did acknowledge that in my note to ceo(albeit didn't mention on here). Although I do think there has been some opportunity. Doesnt matter mind there isn't much free stock anyway. At best 27% tradeable providing significant shareholders remain as is. Agree also its good to have the banking pilots cleared away and hopefully new strategy will be more fruitful and drive return to more logical value.
My ref to UT was around the discussion on closing price. BUR is based on the SETs trading service. Which as you know uses an auction period to set the close price so I was just pointing out the actual LSE quoted close off the uncrossing trade. Anyway, long way to go yet I believe it will recover but can't possibly predict it. Hopefully blue day tomorrow. Gl all.
It closed at 7.55 its post close price on London Stock Ex and is the UT quoted price. I can see the big trades now. I got hammered today so.hopefully price will return tomorrow. Should stop looking really and come back in a.week or so. Gl all