The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
http://www.iii.co.uk/news/?type=aimnews&articleid=8232668&action=article
I am still convinced that the Management are working to a very clever timetable. Thinking back as to why my emails earlier this year to both Nightingale and Goh were not answered, I have come to the conclusion that the time was not right for them to do so. They must be well aware of LSE and the viewing numbers it attracts, so I feel that replying to your email and not mine makes me think that it suits their timing to reply to you and get the contents published here. Incidentally, I contacted Proactive Investors earlier this year in order to bring ALR to their attention. They also sent an email requesting an interview, but as far as I know they have had no reply. They have promised big things for 2011 and it is quite obvious to me that they will 'light the blue touch paper' when they are ready to do so and not before. Watch this space!
eLive housing as referred to in Chris Nightingale's email. http://www.alternativenergy.com.sg/eliveperspective.aspx
Well done! I've sent them emails in the past, but none have been replied to . . . . . . are you using Royal note paper? The fact that the Head Lad has taken the time to reply personally certainly inspires confidence. This eLive housing sounds incredible, doesn't it? I've put the link below for the Company website for the benefit of readers who want to know more. http://www.alternativenergy.com.sg/ When the market wakes up to what this Company is doing, the shares will take off. IMHO of course.
Good news for shareholders . . . . . . "The proposed renewal of the Share Buy-Back Mandate will provide the Company with an efficient mechanism to enhance return to Shareholders when circumstances permit. The Share Buy-Back Mandate will also give the Company the opportunity to purchase or acquire Shares when such Shares are undervalued, to help mitigate short-term market volatility and to offset the effects of short term speculation. The purchase or acquisition of Shares will only be undertaken if it can benefit the Company and Shareholders. No purchase or acquisition of Shares will be made in circumstances which would have or may have a material adverse effect on the liquidity (for example, share trading volume) and working capital of the Company."
Notice of AGM. http://www.iii.co.uk/news/?type=aimnews&articleid=8220150&action=article
I'm not exactly over the moon either, but I'm not impatient like the negative posters on iii. If CETO gets taken out, which is not out of the question, REH's 27% would be worth more than the current share price. I'm holding.
Thanks for the mention, but my input can't be compared to Mulledwine's . . . . . . he gets up much earlier than I do and give us all the RNS's as they are announced. My only wish is that these were ISAble, but I make up for that by buying EMED for my ISA instead.
Yesterday's RNS was was issued by Galaxy and stated . . . . . . . . . "The securities of Galaxy Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 13 April 2011 or when the announcement is released to the market." This morning's RNS was issued by Creat. Galaxy would not ask for their shares to be suspended due to the contents of what we read today, so I'm sure we can expect some extremely price sensitive announcement from Galaxy very soon!
This part of the RNS looks very promising. "The Company believes the Tenth Legion Project has potential to produce Direct Shipping Ore (DSO) with grades of around 60% Fe, as well as a beneficiated magnetite product. (Direct Shipping Ore is defined as ore containing around 60% or more Fe. Beneficiable magnetite is defined as ore which may contain as little as 25% iron, but which is upgradeable to around 60% Fe using separation techniques)."
I also think that the listing in Hong Kong would not have been postponed just because of an earthquake and tsunami in Japan, as has been suggested. Speculation abounds . . . . . . . . . all we can do is wait and see!
I think it will be something more than a HK listing. Probably a J/V or T/O.
Same pattern as yesterday . . . . . . 14 Automatic Trades for amounts between 561 and 588 shares. Is this normal?
With 69m. shares issued, the following have an interest greater than 3%. Amount % Holding Utilico Ltd 19,987,092 28.71 Weiss Asset Management 13,881,700 19.94 Friends Provident 3,826,785 5.50 UBS AG 3,675,000 5.28 EDF Energies Nouvelles SA 3,000,000 4.31 F&C Asset Management PLC 2,529,289 3.63 The Company Directors hold app. 1.3m. or app. 1.9% and the above institutional investors hold app. 46.9m or app. 67% of the Company.
Tom Winnifrith commented: "We have invested wisely and silver has post period end passed through $40 oz. We expect that it will reach $60 oz by 2012. Operational gearing means that shares in the high quality silver plays in which we have invested should prosper and we therefore view the short and medium term outlook with extreme confidence."
Net Asset Values increase by 34%. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10836959
Buys going through at full ask.
WAVE MONITORING BUOY SUCCESSFULLY DEPLOYED. http://www.iii.co.uk/news/?type=aimnews&articleid=8215208&action=article
Looking at today's trades, there have been 14 Automatic Trades for amounts between 704 and 738 shares. Is someone quietly building up a holding? It certainly seems unusual . . . . . . . . . . any comments?