Member Info for greengrass7

There has been a seller here even before the resource upgrade, i would suspect the same entity. I could not hazard a guess as to there reasons. I increased my holding by 5 million shares last week and i am very comfortable with my position.

There seems to be a sell off on a significant number of AIM stocks today,not just here. It's quite staggering ,with many shares at or near all time lows that people continue to sell, clearly at a loss.

At the risk of repeating myself, i'm convinced someone is shorting this via a spread betting co, who knows Moonufo, with his constant negativity could be in on it. It is hard to believe that anyone who actually holds 100's of millions of shares would be selling off at this level, unless they have inside knowledge!

'If it doesn't come through then its lights out?'

Nice bit of scaremongering Mikey279, i'm not sure they are going to spend all that money on increasing the resource 500% and then allow it to go tit's up. I would suggest there will be a queue of potential investors.

SV, i don't think anyone will argue with your assessment of AIM, its clear to see. We have market makers employing underhand methods, often opening spreads to discourage trading or when a bit of positive news lands, in the hope of enticing people in. NT to buy or sell any volume depending on the day is a regular occurrence, they regularly fail to create a fluid market. We also have bottom feeding brokers who will get a placing away at any price, there only consideration is there fee.We also see spread betting companies taking large positions in AIM companies, for no other reason than to let their clients manipulate the share prices on decent volume and small margins. I believe this what we are seeing here at the moment. It is as you say.

Junior exploration company will have to raise cash,it's hardly a shock, it's the nature of the business, drilling holes is expensive.

With the massive potential here, raising a few million quid could well be drop in the ocean, without the money we'll never know.

The last raise was at a significant premium, what price the same again? The whole project looks a lot more exciting and i would suspect some serious players would be interested in getting in here.

I see there are one or two knee jerk sellers this morning, seems a little shortsighted. Time will tell.

I guess if you keep saying, on a weekly basis ,that there will be a placing, then you will eventually be correct. Stating something that can apply to any AIM share at anytime doesn't make you smart. Sorry to break that to you Mr moon.

A great update that certainly deserved a better response, but indicative of AIM, full of short-termers and the hard of thinking. It beggars belief that anyone would sell on this news but its the reason many people don't make decent money.

As for those claiming a placing is coming, well you could say that about any AIM stock at any time, its the nature of the beast. Of course the higher the share price then the higher the price of any possible eventual place, thus less dilution.

The potential here is massive and i would expect interest from much bigger players.

I fully agree with Mr10baggers last post.

Moon, i asked you a direct question 24 hours ago and still no answer, is it can't answer or won't answer? Come on, don't be shy.

Hello Moonufo, you clearly are very bearish re this company so i'll indulge you by asking what would you consider a fair valuation on the basis of where we are now plus future potential?

Jayster1, we need this t..t to stop selling and the price will rise, there is to much positive going on for it to languish at this miserable market cap. As DV posted recently it beggars belief that anyone would sell at these levels, they are surely bright enough to see it's their actions that are holding the price down.

Looking at the trades of the last few weeks it would someone,for whatever reason, is working hard to keep the share price suppressed.

It seems strange that no significant holdings RNS's have been released considering the placing and subsequent selling.

Pcups, no point trying to point any facts or reason out to moonufo, he has an agenda and he's sticking to it. He's the only one here who seems to enjoy the falling share price.

Would suggest a big sell on the order book, someone is determined to drive the price down and they seem to have deep pockets. As ever the market makers are complicate.

It seems clear that there is a concerted effort to suppress the share price, i suspect much is been played out on or by SpreadEx who with there substantial holding have the capacity to loan shares out for shorting and as long as it remains below 3% don't even have to declare it. SpreadEx are owned by a former market maker, Jonathan Hufford who of course has all the right connections to 'affect' the market as necessary. SpreadEx are a massive negative on any small cap they are involved with.

I'm struggling to understand the mentality of this persistent seller, it must be clear to them that if they desist for a while the price will rise and they will be able to sell for more, maybe even a profit. Very baffling

Good Morning Moonufo,

If as a holder you are saying 'haha' because the price is dropping then calling yourself 'stupid one'would seem a rather an astute assessment.

Down 29% on a miserable 238k traded. Dodgy, very dodgy.

Strange how there have been so many sells today, you'd have thought those that wanted out would have sold yesterday when they had a chance to make a profit. I suspect many who sold today did so at a loss. Patience is lacking in so many.

240 million traded, 95% buys yet only a 3.8% rise. It would seem the MM still have plenty of access to the placing shares. Hopefully they will clear soon, especially if volume holds.

Yes, six million buy yet the price didn't move. Strange.