The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Kicked the can down the road again, now it's September before the parliament revues the deal with Centerra.
https://www.reuters.com/article/centerra-gold-kyrgyzstan/kyrgyzstans-parliament-to-review-centerra-agreement-in-sept-idUSL8N1TV1M5
"Incredible how people are being suckered into selling when it seems fairly likely that someone is stake building and wants to do so at around 1.5p. Hence all the one million buys for weeks.
Seen this countless times over the years on AIM.
Also true price discovery is rare on AIM stocks. Always keep that in mind"
Derby, this is your first post which still appears on my computer, it also appears when I look at LSE on my phone, the strange thing is that I put a post on here this morning that I can still see, but it doesn't appear when I use my phone to access this forum.
Must be a glitch with LSE, technology is a wonderful thing when it actually works properly.
There again between 1st March and 30th April there was somewhere between 160 to 180 million shares sold, and no one has ever come up with a "who" and "why" bearing in mind that's almost 12% of the total share capital of this company, you would have thought something would have come to light.
I might be wrong! but in business terms Scott's answer that "he will make every effort" doesn't usually cut it, not really the "positive" response I would expect if I were the prime minister, which can only be good for CGH, in the end it's all about making the right noises to please people.
Apparently the prime minister of Kyrgyzstan met with Scott Perry CEO of Centerra on 16th May. Unfortunately I can't read the article because you need to subscribe first. https://akipress.com/news:606762
I guess it depends on what you base a blue day on, the share price has gone up ever so slightly and the ask price has also moved up slightly, but seen as our shares are only worth whatever the bid price is, on that basis we haven't really had a blue day.
What JP told me yesterday was that the suspension was only agreed on Wednesday this week, unfortunately the word "Yesterday" didn't appear in the RNS, had it done so then it wouldn't have looked like they had been holding onto the info for two months.
I've just been in contact with JP about my feeling of lost trust, so without putting personal emails on her these were his key points: There was no "Leak", the suspension was only agreed yesterday!!, He will be on Proactive investor tomorrow, He hopes to address mine and other peoples concerns over the RNS timing.
I don't think either RNS's are great, to me the Cobre information is classed as price sensitive information, therefor it should have been released weeks ago. The LCCM RNS doesn't exactly put any meat on the bones, all it say's is that they will ( Select the most appropriate metallurgy process to increase recoveries ) that to me is the obvious thing to do anyway, I wanted to know how they are going to do it, plus how much it might cost.
Kenj, This looks not so much like a financial deal but more like a political one, I feel that between Chaarat and Centerra who ever comes out on top definitely has the backing of the Kyrgyz government, if it's Centerra then they could well come after our prospects, but Centerra are not happy at the moment operating in Kyrgyz so why would they look for more operations there. It does look as if we have put all our cards on the table, but you don't do that unless you are very confident of winning. Chaarat has always held in high esteem the fact that they are arm in arm with the government, so if this manoeuvre fails I wonder what impact it may or may not have on our future operations.
Over 60% of the key operational permits/certificates for Kumtor run out this year, in fact three of them run out in about 5 weeks time, I think I would like them to get Centerra to renew them before they agree a price. https://www.kumtor.kg/en/environment-protection/environmental-permits/
I find it a bit ironic that 2 weeks ago we couldn't muster 20mil, now we are trying to create a reverse takeover of Kumtor Gold company. Hopefully it all works out, this is what we might get https://www.kumtor.kg/en/
It doesn't look at first glance that they just plucked those numbers out of thin air, but it might answer my question as to which group/s sold well over 100 million shares over the past 9 weeks. But according to their stated percentages we PI's only own about 75 million shares, I would have thought it was a bit more than that.