Member Info for gmed

A bid at the current market price would never succeed. If a bidder wants shares, he normally offers a premium of 20-30% above market. Even then, he often has to up the bid, especially if a bidding war with another bidder breaks out.

It's not only the share price; it's also the very low pound. If any non-sterling company was considering a bid, now is the time. And I mean NOW, before Boris gets the EU to fudge the backstop.

Considerably greater than 50%

I agree animal. It's probably going to be a JV, but I've been saying that for 2 yrs now. I know dd takes a while, but they do seem to be taking their time about it. I wouldn't mind seeing some action before the government decides to revoke the water permit.

Max - I'm not so sure about a placing. I have a feeling that limited scale tant shipments have continued all along, enough to pay the bills. After all, there was enough water and a good supply of previously mined ore to allow several shipments in the past. But I agree with you that there is no end in sight to the waiting.

That great, Larry. Now when do we start selling the stuff?

I think he might have decided right at the start that he wouldn't invest in the company, perhaps to avoid any possible insider trading accusation. Would indicate that he's an honourable man, passing up profit opportunities to avoid any hint of misbehaviour. Could be.

When I got my first job an old-timer at the company advised me not to buy the company's shares. I was very surprised and asked him what was wrong. He said "nothing is wrong, in fact the company is doing well. It's just that if the company does happen to hit the skids and you lose your job, you'll probably also lose much of your savings just when you need them most. So I've got my money invested somewhere else."
Maybe Larry spoke to the same guy.

They probably had to wake the mm.

You didn't happen to hear how many shares he has left?

Right, tucson, we'll call this one a draw. But what we can all agree on is that what really matters is not what individual trades are, but what the sum of those trades does to the sp. So let's hope for lots of buys that send the sp skywards, regardless of whether they were buys or sells.

No, those two were real buys. Lol. Seriously, though, once you get the hang of it, you can accurately determine whether a trade was a buy or sell about 80% of the time. The other 20% are trades that could have been either one or ones that just baffle you completely.

Because when the trade was done at 12:04 the market was 1.00-1.05; so the trade was a sell at the bid. When the trade was reported somewhere between 1:00 and 1:30, the market was 0.90-0.95 (thanks to this big sell!) so it shows as a buy, because it was above the ask at the time it was reported. The red and blue have nothing to do with whether the trade was a buy or a sell, only whether it was done above or below the midpoint of the mms' bid and ask prices.
The trade reporting system for the AIM stinks. It gives the mms ridiculous ability to hide large trades for days, make buys look like sells and vv and to trigger stop-loss orders artificially. They say these powers are necessary to allow them to maintain an orderly market and in many cases this is true, but it also gives them the opportunity to play dirty and not get caught. The only way to get some idea of what's really happening with thinly-traded shares, is to look at the trades one by one and try to figure out why the price moved as it did and why the mms adjusted their prices as they did. In the shares I follow, price-setting usually looks pretty straightforward and honest, just following the flow of orders in the market. But there have been a few times when I really couldn't understand what the mms were doing. In both cases, disaster struck shortly thereafter.

Don't blame the mms for the price drop. Take a good look at the trades Friday trade by trade (not the silly red and blue nonsense) and you discover that there were 578,091 buys and 1,642,918 sells. (The 1,000,000 share trade was almost certainly a sell if you look at what the bid-ask was at the time of the trade.) Is it any wonder the market fell, especially with a block sell in a thin market? And the mms' price adjustments after each trade were exactly what you'd expect a mm to do if he's doing his job; the adjustments were perfectly according to the trades. If you want a culprit, go find out who's been selling the million share blocks for the past few weeks. He or she is almost single-handedly responsible for the price drop since the RNS.
I may be overly optimistic, but my feeling is that at the moment, the sp has nothing to do with the company's operations. I keep coming back to the idea that someone bought big when the JORC was completed but not yet public and is now selling at a loss. If that really is the case, I'm not too worried, because he'll run out of shares sooner or later. But I also smell a possible shorter here. If it's a shorter who knows something and is still shorting at 0.85, I'm going to start losing sleep. But if it's a spec who thought he saw some easy money when the RNS flopped, I'd say he's playing a very risky game. The price is down (mainly thanks to his own sales), but now what? A thin market works both ways and when he has to buy back those shares, it won't be at these prices. At least not after his first couple of big buys. lol.
Of course, there IS always the possibility that GC and his friends are involved with this in one way or another, but that's impossible to know at this point. If that's true, it probably won't be to our benefit, to put it mildly. But I agree with whoever said that LJ probably wouldn't risk his reputation by getting involved with fraud or being a defendant in a possible lawsuit. I think he's our best defence against any funny business.

Funky that last comment was regarding your question why gc and lj set up a company.

Very good question

Chaps, we're starting to go off the deep end here.

Scott - Are you crazy or is it just the heat? If Larry leaves you can kiss this company goodbye. Before you have any other masochistic thoughts, maybe you should go have a cool drink and a bit of a liedown.

It's a bit too early to panic, don't you think?

Well, Larry, do you know of any reason or don't you? W