Member Info for G_G_G

You clearly haven't read my post Tony. And fwiw I believe a lot of people on here believe that i3e's mgt haven't done a good enough job on the PR front. So perhaps you need to take a rest from defending them come what may. The fact is we have a significant value disconnect on fundamentals versus our peers. And to date I'm seeing very little from mgt to fix it and get us better known amongst the investment community.

Tony, it's not our job to find places to get i3e's story out. It's mgt and their PR team. I also find it very hard to believe there aren't reasonably well followed Canadian media outlets and platforms that promote resource stocks. You've mentioned 3 x individuals they should get of their @sses and speak with. They should be a given. And why not speak with Nuttall. Part of the reason we're so under-valued is they're doing f'all PR so getting him on board would help a great deal. The PR here has always been appalling, and they need to do better.

One solution I've raised here in earlier posts is they could make a Canadian acquisition and utilize a share swap as part of it. The key would be to ensure the share ratio works out fairly as we're grossly under-valued against other Canadian producers. But if we can do a cash plus shares deal it could work out quite well as we'd have a much bigger Canadian shareholder base almost immediately. This in turn should help to close our value disconnect to Canadian peers.

An alternative to above would be to do a cash / equity raise as part of an acquisition. But allow Canadians like Nuttall to come on board as part of the equity component. Again it results in Canadian money and Nuttall will no doubt use his leverage to support his investment. After all when the value disconnect closes he will have made a reasonable amount of money for his fund and look quite good in doing so.

In the meantime they need to do better on the PR front. AIMHO GLA

Mgt completely f@cked the sp by pushing back the trading update. Absolutely mind boggling stupid to do such a thing when the market is on edge and investors in Asos are even more nervous. To put even the slightest bit of doubt here is nothing other than amateurish. If they miss guidance the sp will end up far lower because of where it will now be starting from. And if we're going to hit guidance then why push back the update. The sp has a hell of a lot to claw back just to get to 460p again. I simply do not understand how certain people get to senior positions in companies.

this company is an absolute f@cking ****show. if they know results aren't going to hit guidance then get out there and say so. it's not like the market isn't going to find out no matter how much they try to sugar coat things. but at the very least hit your f@cking timings. anyone with half a brain would know the market will take advantage of anything that could be construed as negative. so moving back interims is without doubt one of the stupidest things they could have done given the coin toss feeling the market has toward asos. doing this simply shows mgt to be absolute amateurs.

as for nick robertson, well that's the best hatchet job i've seen in a while. going bankrupt couldn't happen to a nicer guy.

in the meantime shorts are going to have a field day for the next 3 weeks. gla

Tony, I personally don't feel that one interview with Proactive is sufficient for a company that needs to rebuild credibility in the market. It was a great set of results versus what many were expecting. Majid should be pushing this message to all that will listen. There's plenty more people he could / should be speaking to including your suggestion Shubham. So not good enough in my eyes, especially given recent disappointments. Bare minimum is what I'd call it.

Very low volume today all in all. I think the most interesting thing is gold has pulled back the past couple of days by a good 2% as we've moved upwards. I was saying the other day that I feel the loose shares have been mopped up as there's fewer people selling now. With a great update I can see us pushing at 12p. Question is how many PIs will be top slicing when that happens. I'm hoping they release the quarterlies in less than 2 weeks (with mention of being net debt free), and then start dropping drill results each week for the next month or so. The timing of releases can make all the difference between the sp spiking and retreating or continuing to make gains. A strong CEO appt would make things even better. I do wonder whether the hold-up is due to candidates being concerned about the company being taken out....

mortality, understand what you're saying but that doesn't square with their previous neutral rating of 600p when the sp had collapsed to under 400p (3 weeks post equity raise). this is why i'm saying their recent target price is complete and utter horse**** and being done for other reasons. could be to close their short, or to help a 'client' collect more shares at lower prices etc. whatever the reason it has nothing to do with any research. the 'analyst' is either a charlatan or a muppet. as someone has said - this is a good chance to top-up, which is most probably the underlying reason for the target update. the market will wake up at some point and this will snap back.

God the city and market stink. GS slaps a 'neutral' rating on Asos at 600p just 3 weeks after they do a massive raise at 418p. Then after Asos has cleaned up its financing, given itself plenty of headroom, delivered a strong (profitable) set of quarterly results, and reaffirmed guidance, they lower the price to 515p. They do keep their 'neutral' rating though. If I had to guess GS are either helping some shorts to close, or they're helping one of our majors to get one last bite at some cheap shares. There's literally no reason for them to change their rating price. The market has taken the bait for now, however I think we're going to snap back pretty quickly based on the above reasoning. GLA

I have a feeling tomorrow is the day we push higher after some consolidation. Question is whether we ready to break the 460's and properly attack 500p. Shorts are certainly leaving it late. If the update is better than guidance there's going to be quite the squeeze.

Thanks Master. I'm doing my best to mop up anything below / near 10p from selling down my Asos holding. I figure it's far better to take money off the table over there and put it in a relatively risk free stock here. I have faith that Asos will put on 50% to the upside at some point, but there's a world of difference in my confidence there versus here. I see us 50% higher by year end with Gold prices remaining above $1900 and no country / mining disasters. I also see 100% upside as a t/o target (like Asos). I'll let the board know when I'm done buying. In the meantime, sellers please feel free to do your worst over the next 2 weeks.

Agree Jamesss. The market may get carried away temporarily and push the sp closer to 600p, but I imagine we'll need a couple more quarters of good results before that is the new floor. Realistically we are looking at 500p as the new floor if we get decent results, which is what I'm expecting. I've sold about 40k shares for an average of 450p over the past week (purchase average 360p) and will happily take 500p now if that's the offer. I'm in two minds on waiting until the 19th for the results. Certainly been a rollercoaster since I bought in here. GLA

Was that always the date for the trading update? I thought we were going to get it in October for some reason. Exciting given how close we are to hearing something.

Will be interesting to see if we pull up this afternoon in the same way as we've dropped later in the day over the past week. Close above 440p is needed. Ideally a flat finish. No volume here at the moment so algos having a field day manipulating the price for the shorters.

I'll be very surprised if we're not at 15p by the end of year providing gold stays above $1900 and AISC remain in line with last quarter. We should be there already, but with another quarterly update showing that we're net cash +ve (in the order of $12m per quarter) plus a plethora of drilling results across the entire portfolio, then 15p still seems quite cheap. T/o offer is what I'm expecting before year-end. The majors are moving into Tanz and I have no doubt are happy to take on one of the Africa's biggest and highest grade gold mines in WK. Fair value for a t/o I'd put at 25p providing things continue moving in the current direction. GLA

Let's hope we get +10% and they drop the hammer on those shorts once and for all. What a lovely squeeze that would create.

Knowbody, have you asked Asos IR relations on their stance for trading updates and when they feel it necessary to update the market?

Another 300k for me at 10.3p. Such an awesome opportunity here. Will continue to add if I see any weakness in the coming days. C'mon sellers, do your worst :)

Old news lowdown. Good news though.

We just need the market to believe there's a bid incoming, or better still we receive an approach. Fastest way to add a couple of £ to the sp.

This is ripe for a Gamestop moment if PIs get behind another increase from any of our major holders. There's not a huge amount of volume so a couple of million shares of buying pressure in a few days and we could break £5 very easily. I imagine that's the level where shorts will start to sweat as they'd have no idea whether MA, Anders or Camelot are going to keep going. In fact MA I think is the key to a short squeeze, as he's the most likely to keep going up to 30% and make the shorts panic close. But we need another 2-3% from them and PIs to get excited. Hopefully we get that kind of wind in our sails this week. Breakout to the upside is once again in play.

Probably another Double Mac