It looks like the bulletin board at the other place is attracting some serious interest and comments, below is just one example....
This is clearly re-rating on sector recovery/growth prospects/takeover rumours.
The company is below radar and thinly traded, the new team are focussed and dynamic, they are moving into high growth countries with minimal overhead cost.
Look for partnerships, the new BOD appointment is an excellent fit.
The shares are a steal at current levels, assuming you can get your hands on any that is !!
DYOR etc.
New shares issued at 3p, current market price 1p.
This news has caught the market offside for certain, those suggesting it was lights out for BMN were very wide of the mark.
Those throwing in the towel at basement levels yesterday must be kicking themselves on this news.
They are still not taking orders at full offer, a premium needs to be paid for very small quantities right now, one does wonder if some material news is in the system.
Very rare to have a 500,000 share buyer (yesterday) in this illiquid stock, what does this individual know one wonders.
Remember the last broker coverage re-iterated the Health & Nutrition business was worth £25m/£30m alone, the current m/cap is £6.75m with circa £4m in cash.
Buy low sell high !
Hard to get any stock from the market, next to nothing online currently.
Tells you all you need to know !
Oh I see the bashers are still here (but they are diminishing in number), you know the ones who were bashing when the share price was 1.6p, any potential investor who took notice and did not buy missed a 100% gain, the next share price move will be equally dynamic, wonder what the 500k share buyer knows ?
Buy low sell high !
There has been a great deal of M&A activity in the sector recently and conditions are improving, currently it is nigh impossible to acquire shares in CNSL, premiums are being quoted for very small orders.
Someone took 500,000 of stock yesterday, that cleared the market out, one suspects some very positive news is on the horizon.
The recent BOD appointment was very encouraging, it suggests the company is still growing and needs ability to manage the same.
238m shares in issue, cash circa £4.4m and a market cap of only £5.7m equates to materially undervalued.
My view remains this is a takeover target and a significant premium would need to be paid.
Alan Green comment
https://x.com/Alan__Green/status/1752322708170297825?s=20
George Frangeskides @AlbaMinerals
Executive Chairman tells investors
@GreenRocMining's Amitsoq graphite project is ‘Premier League’ quality – and Alba hold a 37.49% stake.
https://x.com/_focusIR_/status/1750915303821746669?s=20
For what is worth I expect news concerning Senala sooner than later, it was also interesting that the BOD exercised their warrants recently.
The shares hit .57p on the 22nd Jan, tomorrow can be bought for .41p/.42p, re-iterate the Senala deal could be one of the largest ORR have concluded since they sold their 30% stake in Oksut for a possible $40m to Centerra back in January 2013.
http://tinyurl.com/4scm3auu
The market makers were widening the spread and shutting down online buyers last week, the same scenario ahead of the move from .18p to .57p recently - make of it what you will.
Key news on the Senegal licence named Senala is coming into the headlights, ideally ORR would want to sell their stake to the JV partner, the question is for how much?
It looks like ORR will have between 30%/40% left once the JV ends in February, remember a nearby licence sold for circa £40m, that licence was one fifth the size of Senala, albeit further advanced.
It is quite realistic to suggest the sale price of their stake could easily equate to the current market cap (£15m) but I expect some form of staged deal involving up front cash, bonus cash based on JORC gold discovered, plus some form of royalty.
An example of how the licence sale could be structured can be seen in the link below, Barrack acquired licences from Tembo Gold, former ORR directors are involved with Tembo.
https://tembogold.com/tembo-gold-enters-agreement-with-barrick-gold-for-sale-of-non-core-licences-and-equity-investment/
One thing for sure, with news concerning Senala imminent, now is not the time to be out of this stock, the deal could be one of the largest since the old Stratex sold a Turkish project for £30m years ago.
DYOR etc
Interesting during the drop they cut off online buying, suggests to me someone has taken all the sold stock in the background.
At the moment they want a premium for only £5k of shares, seems to confirm the above thesis.
One or two murmurings of discontent over on X re lack of news but no replies from Jason Brewer, he does normally engage so maybe, just maybe, an announcement is closing in.
I have a position here and fully believe when the news does come it will be very meaningful and the current share price history.
Recent buyers paying 2.5p/2.6p are now very sore, one suspects some have sold out at a loss, the pre Xmas interview with the CEO was upbeat, his summery suggested it was a great time to buy GROC as he deemed the company to be materially undervalued based on expected developments.
As ever the current state of play on AIM, and in particular the resource sector, is dire to say the least. The market makers seem to take delight in marking down these illiquid plays on tiny sell volume but when buyers eventually come back they shut down online and make it nigh impossible to acquire stock, as a result those buyers move on and the status quo continues.
This process is becoming more the norm, it is almost like the market is rigged for short players to benefit.
DYOR etc.
Another Stockbox interview with Alan Green who is re-iterating how excited he is about AYM and points to the material undervaluation and expected news-flow ahead.
When you listen to media like this following the analyst site visit you really have to wonder how the company can only be valued at £7m, basically option money.
Comment on AYM starts around 23 mins
https://www.youtube.com/watch?v=CYqb4taFcFM
Having listened to the recent interview combined with today's news it appears VAST is materially undervalued.
Much play has been made on 'the debt' but circa $8m pales into insignificance in the mining space and can be easily managed even without 'the diamonds', whist the shares are not for widows or orphans the current price looks a great entry point, more-so if shorts have to close their (obvious) positions.
with 3.5b shares in issue the current £4m m/cap seems farcical.
DYOR etc.
Looking good
https://x.com/OrioleResources/status/1748018703638163759?s=20
Make no mistake there are entities linked to that hideous shorting site Sh@repr@phets posting on this board, the aim being to try and distort the market price of HZM whilst the stock is thinly traded and volume low, their main cheerleader being ThePublican777 & associated lackies that are appearing under various aliases.
More good news this evening re new BOD appointment, clearly the bashers are struggling to find material to escalate the negativity.
Buy low sell high !!
Answer to above, yes it is, you can thank the major shareholders for that but they are contented despite their RRR paper being next to worthless currently, so many have lost everything where AB & Co are involved, look what a new team has done at Corcel, now £25m m/cap from £3m under the old regime.
I estimate the largest shareholder in RRR has lost over £1m in value, even if they are being tickled by AB I cannot see how that number can be recovered via sweeteners.
It had entered my thought pattern that this group may be shorting RRR via various instruments, they could also be loaning their stock for others to do so for a fee, they could also be forward selling tranches of stock ahead of fundraises, namely making money on the way down, there are many ways their stock losses can be recovered by trading.
My suspicions arose when Helpful suggested he had not lost money on RRR despite near wipe out of the equity at current levels, these TR1 stakes were acquired IRO .45p / .65p, of course Helpful will not elaborate but others have suggested there are shenanigans going on, historic posts on this BB have suggested the company has contacted individuals privately in the past.
AB seems to have gone very quiet all of a sudden as has the Red Rock news feed on X and via RNS, as has been proved at Corcel, all is not lost, but serious news is needed here and one wonders if AB is capable to deliver it ??
Up moves on AIM can be dramatic as we all know.
DYOR etc.
Book has turned positive all of a sudden, IG asking 1.93p for real size, suggests there is no overhang from yesterdays large sell.
Could bounce strongly if volume kicks in.
DYOR etc.
Given yesterdays large sell (20.5m) it is quite interesting that IG are asking 1.8p for 1.2m shares, it suggests that large trade has found a home.
If buy volume increases modestly you could see a decent up move here, without stating the obvious the stock is seriously oversold on the RSI currently.