Member Info for gmed

It's end of the month/quarter, so it could be another operational update. On the other hand, it could also be an announcement that the company is the target of a friendly takeover bid of 20p a share. Somehow, I think the first is more likely, but with this company, you never know what to expect..

Alan, I think I understand the Bod's decision to try to optimise Lidsey before testing Balcombe or Brockham. Lidsey is now bringing in a couple of million a year, which keeps the lights on. Now, if the results of Brockham or Balcombe disappoint, at least there's minimum survival income. But if they had tested the other two first, and these turned out not to be commercial, I doubt that they could have raised further funding to keep the company going and that would have been the end for Angus. Like the BoD, I believe that at least one of the other two sites will be a great success. But could they have taken the chance that they wouldn't turn out so well, without having that survival income in place? I think I would have taken the same decision they did, much as I'd love to see that rig at one of the other sites yesterday, if not sooner.

Coming tomorrow or Monday.

Shorters aren't totally bad. Every time they short a share, that's a share that will eventually have to be bought back. So what they're doing is creating a reserve of buys, which will sooner or later help move the price up. And when the market starts to turn against them, they often all head for the exit together, making things painful for the ones who try to ride it out. You almost feel sorry for them when they start to squirm. Almost.

I wonder if our mystery buyer will be back today for more.

Richard, here's your chance to prove that you haven't lost it. Do your stuff!

Another million buy at the full ask. Tracarta?

The two big trades were almost certainly buys. This is starting to look like more than just some small investor bottom fishing. Dare one hope?

Those last three trades are almost certainly buys not sells. Could be informed buying or maybe just coincidental buying by bottom fishers. Either way, I'll take it.

You know, if Alan and Pboo could discuss things in a friendly and constructive way instead of slinging insults at each other, they'd make a great team! Just a thought.

There's Magic Herring. Turns MM promises into glod.

Moby Herring. They chase a great white herring and then discover that's it's really a whale. So someone had to rewrite the book, which became more famous than the original.

WD - You may not remember the AlfaSud, another car that ought to have been prosecuted for attempted murder. I'd match it any day against your Montego for sheer evil intent. But thinking of old cars brought back fond memories of my 65 VW. It gave me a good case of VW neck, had a top speed of about 75-80, accelerated nicely if you were prepared to wait an hour or two to get up to speed, had dangerously poor visibility, both front and rear (huge blind spots in the rear) and had other bad traits which I've probably blotted from my memory. But.... it went through quite a few New York winters without snow tyres and still drove well when all the American cars were stuck, it came with a four-piece tool kit with which you could change any part on the car yourself, and required almost no repairs or maintenence. Had no airco but had something even better - wing windows! Remember them? I shed a tear when I think of them.

I sincerely hope it, or something close to it, is true, because my losses aren't insignificant either. Meanwhile, better go take a cold shower.

Could also be a serf gun. The Russian aristocracy used to use them on their estates before the revolution.

Without too much in the way of hard fact, it's easy to come up with any story you like. I can think of quite a few good ones myself, ranging from bankruptcy to untold riches. But how about this one: LJ and GC realise at the end of last year that the company is sitting on a bonanza and will never be able to raise the money to exploit it to its maximum potential within any kind of reasonable time period. Getting the tantalum production up to maximum potential will need lots of water and new machinery, both of which will cost plenty. And don't even think about exploiting the lithium deposits (which, based on JORC results which GC and LJ almost certainly know, are high-grade and extensive). So they go looking for a JV partner, find one (i.e., lots of money but no minerals), agree in principle, and set to work to hammer out details. The other side needs accounts redone acording to IFRS and this is done. They carry out due diligence and kazera passes the test. This is now getting serious, so kazera takes on a very experienced and probably expensive financial man (remember him?) to oversee the financial end of the JV negotiations and perhaps to become the new JV's financial director. (Why else would someone like that join a minnow like kazera?) Seeing as there will soon be enough cash to ramp up tantalum production quickly and efficiently, superfluous, inefficient personnel are let go. Both sides agree that to make it a fair deal, the license's entire potential ought to be evaluated and this is being done. Meanwhile, everything else is put on the back burner, pending a final deal. Announcement not long after the current survey work is completed. Fantasy? Yes, of course it is, because all we have to go on are a couple of scraps of information and we have to try to make some sense out of them. And we don't even know which scraps to believe. But this story is just as believable as some of the other stories I've seen here. I try to be objective in my investment decisions, but after many years of investing in and trading shares, I know that's never really possible and we often go on feel and hunches. Hunches are often totally wrong, but still....

I was living in Canterbury and was walking down the street near the cathedral one day, when an old RAF pilot's funeral was on and a Spitfire flew low over the cathedral as a tribute. Heard it's growl from way off and had a pretty good idea what it was even before we saw it. You're right about the goosbumps - seeing and hearing it send a ripple up my spine and moistened my eyes.

Don't worry kezzman, he's still excited.

Isn't it time for a "not aware of any reason" RNS? It would help calm nerves, I think.

Agree with Islandgirl - I get a whiff of possible JV here too. It would explain why the company suddenly had to change its accounting standards at the end of last year, which has always puzzled me. A JV would make sense - we have stuff in the ground and not enough money to get it out properly and the other side has deep pockets and wants a source of Lith or Tant. Could also be a buyout, but I lean toward JV. One thing I'm pretty sure of though - the company isn't going under so soon.