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So are we really saying RGM 'management' decided to do a deal on terrible terms (the placing at .80p) simply because it had to be seen Parsons was doing something ?

Kaintz is not fit to run a chip shop, only a few months ago he went on Proactive suggesting the shares were dirt cheap at 3p - in short time he issues shares at .80p and warrants nearly 50% below December's placing price of 2.75p, what about the folks who took up that placing?

I am staggered the major shareholders allowed this pathetic deal, what does Pearce have to say about it - the Aussie company is only valued at £1.2m and is near insolvent, without the support of its major shareholder, who now owns 7% of RGM it is insolvent, their half year accounts are heavily qualified.

Goodness knows where the share price will go now, where is the upside coming from, please advise !

The silence from Bird on Fairbride is very unusual, not even mentioned in the recent interview, with gold hitting $1700oz the project has suddenly become a whole lot more valuable, the NPV is $42m based on gold at $1250oz as a guide.

The JV partner has an option to buy it for $20m - I still believe there could be a deal struck, cash is king in these markets, whatever, the share price is bombed out and it does not take much buying to move it significantly.

XTR's current market value is a anomaly IMO.

A number of mining operations in the Philippines have ceased operations, whilst this has not happened (yet) at Runruno one wonders how this would effect the current situation regarding the debt restructure and if it would be beneficial or detrimental to the debt holders (who are MTL's major shareholders)

The longer the silence here continues the more ominous the situation for minority shareholders in my view, more-so in respect of the current climate which could go on for another 6 to even 12 months (one expert in the USA even suggested 18 months) it all depends on vaccines apparently.

In my view the worst aspect of the situation is the total silence, no-one knows who is behind the hijack of the company and what the demands are.

My guesstimate is whoever it is they will want to retain a Stock Exchange listing to spread risk, if Runruno shuts down the cash outflow will put further pressure on the debt holders (is their money borrowed for example) I would like to think the current world-wide lockdown would bring pressure on the entity involved to resolve matters, note how certain high profile businessmen are being ridiculed by doing the wrong things in the current climate.

Q1 production numbers will be interesting, the gold price was strong so revenues should be very good even accounting for a potentially smaller production number.

The buying started yesterday afternoon, we know an announcement concerning the Hard Rock gold project is imminent, usually an entry around current levels pays dividends for the traders.

Surprised there has not been more buying actually, maybe today.

12 month high was 1.85p

Buyers returning, is news coming, we know Bird loves his afternoon RNS statements.

Cannot believe they kept the bumbling Kaintz on having removed Bell - only a month or so ago he said RGM was not a 3p share suggesting it would go far higher - well he was right on one count - it is no longer a 3p share, it is a 1p share.

The arrival of Parsons & Co both here and AST has been a disaster so far from a share price perspective.

Someone has dumped around 100m shares in BZT over recent weeks, there was a 50m dump today in one hit, I do wonder about Sanderson, they have a large holding in BZT, their last accounts (end 2018) showed they were down 65% on their listed investments and the cash position was tight.

They are also locked into EUA and had a decent position in KIBO whose share price has collapsed, since those accounts, are they a distressed seller of their entire portfolio I wonder ?

There should be a TR1 at BZT imminently, if it is Sanderson then this would explain the continued selling of XTR, maybe Bird knows about the situation and is not releasing news on Manica for a reason?

30m trade now declared on NEX - timed at 15.43 @ .052p, looks like someone mopped up part of the 50m dump at .045p timed at 14.45

TR1 will be coming soon enough - great entry price currently.

50m dump.

Looks like this could return to true value now, it was trading at .21p recently before the seller arrived.

£650k market value is crazy, if the seller completes the overhang will soon clear at these levels.

So many are in financial distress, no doubt smaller brokers (who sometimes hold stock on their book) are also in trouble.

Typical AIM, a distressed seller wanting out at any price, share price collapse (from .20p) any sign they have finished and then every trader on AIM piles in for the bounce.

Cannot see how anything fundamental has happened to the company since December when they raised £350k

Would not be surprised to see Colin Bird buy a tranche of this loose stock either.

Bezant raised in December at .14p but the shares did not fall back and stayed around .20p for some time afterwards, stockbroker Novum were awarded 21m shares as commission and I suspect they are the sellers and are either out or near out, hence the share price fall.

I notice on the Singapore Exchange the reverse takeover which will enable BZT to secure liquidity on $10m worth of vendor they own is still on, encouragingly the buyer of BZT's Mankayan Copper Project has secured finance to proceed with the reverse takeover.

So BZT are still likely to get their hands on £8m of liquid shares they can dispose of as necessary, the current market value of Bezant is £900,000 !

Is this a fill your boots opportunity, I think so, very hard to buy in any size all of a sudden.

So Bird promises an update on the Hard Rock by month end yet delivers a RNS on Zambia instead?

Makes you wonder does it not, is he in protracted negotiations to dispose of Fairbride and the delay is because of travel restrictions & the current climate etc.

Some talk the (distressed?) seller is either out or nearly out - fall seems overdone , looks good for a bounce if so.

For folks buying in now, circa £1m m/cap this is a no brainer.

So illiquid, they wanted .65p mid afternoon for a £5k buy - a significant premium.

It is pretty clear there are some short term traders here, no doubt with fingers on the sell button if Bird does not deliver a statement tomorrow, we are in exceptional times and one must account for this, followers of Bird will know he is inconsistent but eventually reports.

Mozambique has not been seriously affected by the virus to date but travel to the country is restricted, I tend to agree with others if there is no update tomorrow then this could mean he may need more time to complete a sale transaction. If the proposed update was simply to inform of operational progress then I see no reason why it should be delayed.

I still maintain the implied management changes at XTR have not happened for a reason !

Very little downside whatever happens IMO.

Sorry wrong company not XTR

Short term target .70p with 1-2 month target above 1p

https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-30th-march-2020/#gs.1oex2q

Also from a technical perspective the RSI was a mere 22 (heavily oversold) even now it is only 33 - it is not unusual for AIM stocks to trade with RSI's into the 80's.

Cheap, oversold, hard to buy & funded - tells you all you need to know

The beauty of AIM is every once in a while the market gets it plain wrong re valuation, this is a classic example.

With only 350m issued capital the company is currently valued at £1.1m, even accounting for the current climate this is a no brainer opportunity IMO.