Member Info for honestbob

I am not criticising or praising Jo or indeed commenting on his performance on any way.

Merely existing opinion that share is traded in a very efficient market place (ftse)

As such value is what it is at present.

Modest suggestion as to how it might be legitimately be improved

I think we are all in agreement that there is a growing demand currently for the minerals in Parys and associated interests.

Which has to be good - although until there is a line of sight to some of it actually being sold - this can at its most basic level be viewed as future value

What is difficult to get away from is that this is a FTSE stock and the current value the market places on it

Pending some actual physical developments in my opinion price will continue to be based on perception.

If the board do not want more heavily discounted and diluting placements they need to improve the perception

I fully accept what Tommy says that certain areas could well be confidential.

But the company has just demonstrated with the issue of many pages of facts figures (and admittedly cut and pastes)
that certain communication is possible and seen what it does to the price.

Ideally they could reflect on this and if the current price (as we all hope) is unjustifiably low target themselves to do something about it.
It would not take much.

Yes and unless changed since i last visited idyllic view over the severn
Hope you have a good day tommorow

Boathouse?

Boathouse?

In fairness to Suzuki i would describe him as a realist not a whiner - he has been a holder for a long time. Clearly with faith that production might start one day.

You have to smile only fifteen years since Bill was the bright young hope.

Sometimes I feel as if trapped in a bizarre version of groundhog day
Let us hope this is the time when the cycle is broken

Whilst I don't think odd communication would hurt could well be Tommy correct and at a point where for reasons he outlines they are not easy.

Despite frustrations that have been expressed about Bill and team apparent lack of progess I do suspect that behind the scenes it has been made. I can't see, after all their investment, for a start QME finding no progess acceptable.

I do wonder if Bill has stepped aside because he believes point has been reached where things are about to happen and as such appropriate to effect smooth transfer at outset to man with time and energy to carry large part of the burden. Aided by his financial contracts and experience.

This also lets new man be seen to implement next stage.

Also new chap not likely to have taken role (I think) unless he had fully reviewed situation himself. Apart from anything else he would I assume have wanted to ensure the job had reasonable prospects.

So my personal guess (and that is all it is) its that continued lack of news may see price continue to slowly drift downwards in short term.

But in absence of unexpected and provided cash continues to be available something will happen and narrowness of free shares will see interesting and possibly exaggerated price move.

Probably as we have seen before with subsequent fall back but hopefully to a higher level than now.

All above is of course idle speculation.

Tommy
I agree with all you say. Although I don't think can necessarily read any thing into the silence - that does seem to be the normal state of play most of the time.

Price spread again very small especially by Anglesey normal standards - don't know what the significance, if any is.

I wonder if it a chunk of placed shares sold at loss - so buyer can move on

I hope you are right

Although I am mindful that the number of free shares here is narrow. Also there is a potential overhang of several million shares from the last placing that might kick in if and when 6p breached.

Also that there private holders with quite sizeable holdings of their own with unique agendas. So I am not totally convinced that there is the critical mass of tradeable shares for normal chart behaviour. I may well be quite wrong.

My prediction for what its worth is that absence of news will see continued slow decrease in price. Positive news will see an increase possibly more spectacular than the news deserves

What happens between 6 and 8 p will be interesting. If they breached perhaps lot higher. Then quick fall back over next two or three days of twenty to thirty percent. Then whilst further news awaited gradual drift down to new floor perhaps 4 to 6p.

I am not normally a price predictor here and above is really only what has been seen many times before.

If the news is followed by updates within reasonable time span then rise might be sustained.

This does work on premise that news is good of course.

My typographical errors partially due to eye sight age carelessness and a phone that on occaision seems to become self aware - rarely in a helpful way.

That said allowing for market maker tweaks they can only influence so much if they are trying to move against the current(in my opinion) and I think there simply isn't (to over do the analagy) a current of buyers more a slight eddy.

Apologies for typing previous post

Think probably think probabky genuine mistake I did look up once and read a very long and boring article on how transaction categorised. In short if I renember rightly a computer somewhere takes the price and using an algorithm decides if it is a buy or a sell

I think we need a steady trickle of (hopefully) positive news to hold the line and steadily move forward. Free shares I think are relatively few and not much needed to move SP in either direction

In simple terms I think Jo has to build on work to date (obviously). But unless wishes to see SP drift down - meaning dilution be greater than should be etc when next placing comes - issue periodic uodates. Clearly be some areas where cant - but if provides no information at all - then price will drop.

Or perhaps also to trigger some stop losses

Apart from obvious reasons if an when breaches 6p will be interesting.

Because I think there are a lot of shares remaining from the last rights issue still held by the investors that took them up.

Hopefully some of all for long term but if not then possible they will take profits at that point which could slow progress

I hope you don't mind me asking but the ten per cent discount for NPV does have a very significant effect.

In your opinion is this percentage typical or is it on the high or low side