Member Info for Ian_

TDT, that is exactly what I said so what point are you trying to make?

Hi London, unfortunately at the moment I can not find the exact RNS which states they are in discussions so this extract will have to do- .. I have used capital letters to highlight the relevant part...

" "The Directors are pleased that all our applications including the Monchetundra Flanks are progressing well and on schedule. We look forward to the formal license issue, which is in line with our strategy to become one of the largest alluvial PGM operations globally. We believe we are now established as an important player in the PGM space in both the Urals and Kola regions. We look forward to scaling up our operations at West Kytlim and providing, what we believe will be the lowest cost PGM operation that is potentially sustainable over several decades. Our cash cushion, our zero debt, the progress on the Monchetundra Flanks and the favourable price environment for PGM, particularly for palladium and rhodium, ARE HELPING US IN OUR ONGOING TALKS AND DISCUSSIONS, AND WE BELIEVE THIS STRENGTHENS OUR NEGOTIATION POSITION AS WE CONTINUE TO EXPLORE OPTIONS FOR OUR ASSETS "

All the best

Hi Newtothis, yes what you have said is perfectly correct... the company can issue updates on general matters, ...
This suspension is NOT a general matter, and that is my point and my view on this at this time, as I say only my interpretation of the suspension rules.

Morning to you Blue, In my view your post is spot on, well said.

No, we definitely would not have heard anything about ongoing negotiations, they cannot update on that point at all.

The next news should be either full flank's approval or maybe that mining has resumed after the winter shutdown.

As I say, yes we would all like an update, but the company can not legally give one due to the suspension and that is why in my view we have herd zilch from the company either via twitter or RNS, and it is too soon to worry as we have 5 more months to go which is a long time.

Matt, at the moment the only thing you have lost is your guess for the guess the news date competition:-
Matt007 - 11/03/20 07:00 am X, .... everything else is pure conjecture.

All the best to you.

Morning Matt, Why do you think that? remember the old expression no news is good news, at present, we have no negative proof against the company and can just assume things are going along as normal in the background, why wouldn't they?
Yes, you, yourself are in a stressful position at the moment, but please try to look on the bright side, unless you can prove any wrongdoing why think there has been any, just me looking at it logically, if we haven't heard anything in five months then would be the time to start worrying, not now.
Take care and stay well.

ATB

Today's contestants are:-

----------
Trift8082 - 30/03/20 7am
Lucretius - 30/03/20 7 am
Art9 - 30/03/20 08:30 am
----------

Good luck and please stay safe

ATB

Good night Tilly, sleep well, signing off for now, got to catch up on my beauty sleep, see you at 7 bells.

All the best
Ian

Hi Mr Ed, I totally agree with the point in your post that the tweet by Hammond (I think that was his name) would have done the company NO harm at all and investors on hearing the good news may have invested on that good news and that would have initiated the NOMAD to act due to as you say the "protection of investors" rule, which is as the RNS states the cause of the suspension...
The Company confirms that, following social media speculation, trading in its ordinary shares has been suspended (at 7.45am today) pending clarification of its relationship with CITIC.

The point again, The company never asked to be suspended, the NOMAD had to act and the NOMAD suspended trading due to the protection of investors' rule.

You take care and stay safe

All the best to you

Spikey, in my view it does, as why would they direct all queries about the situation back to the NOMAD if that was not the case... that is exactly my point. if we were suspended by LSE then all queries would be directed back to them...
I feel you may be trying to be nitpicking and so we will have to agree to disagree on that point.
Good evening to you.

Hi again DWF, and that is my point, there is no ambiguity in my mind if you actually read and digest what has been written, the only point is that it does not state the actual specific point but uses an umbrella excuse as it were, it is not specific, but it does not need to be as a valid point has been used in the wording and that is sufficient for the time being... the news will come soon do not fear..

Prior to the virus 99%.... since the virus 77% ..we could start a new game .... :-)

Evening DWF, I do not disagree, but people will find comfort if they know that the suspension is due to a minor rather than a major issue and that is the only point I'm trying to make.
Have a good evening.

Hi again MrEd, sorry for the delay in responding, the point I'm trying to make is this -

The first RNS states contact the LSE for further information ..... ( all RNS will have LSE info on the bottom as they run the RNS system ) and should have "The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 "

The second and replacement RNS states contact the NOMAD (as the first RNS was issued incorrectly and attributed to the wrong issuer ) and again ( all RNS will have LSE info on the bottom as they run the RNS system ) and should have "The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 "

The point is, the second and correct RNS is simply stating that due to a technicality the NOMAD has deemed it prudent to suspend trading in this stock, presumably to protect YOU the investor from the leaked insider information during this time of company sale discussions, this is in my view a very minor suspension reason performed by the NOMAD.

If we take your view that the company was suspended by the LSE, that would imply a much grater misdemeanor had been carried out by the company and would carry a greater penalty, can you see the point I trying to make, yes we are suspended on both counts but one is more severe than the other, and that is my point, not trying to be argumentative on this, just trying to be clear on a point which although may be seen as trivial puts a whole different light on the situation.
All the best and stay safe.
Ian

Afternoon Mr Ed, may I ask why you think that the LSE suspended this stock?
genuine question, where are you obtaining this information from, is it from the 1st RNS which was subsequently amended by the totally new replacement 2nd RNS 25 minutes later.. which states it was the NOMAD... as I say a genuine question?
Thanks

Correction ... You = Your....

Well said Anders, in total agreement with you very valid points.

Have a good day sir and stay safe.

ATB

Spikeyj, you posted part of my post -

“The company finding its self [sic] in this enviable position has engaged two world-class banks to monetize this position.”

Yes thanks for pointing that out, I missed out the word, With, sorry about that, but you get the gist, it should have read-

“The company finding its self in this enviable position has engaged "with" two world-class banks to monetize this position.”

I hope that makes more sense.

All the best

Evening Pete, yes it has and the consensus was it is not from any real company as it were, but is someone's homemade report, interesting reading never the less, one wonders if old GulagEscapee had anything to do with it ...
Stay safe and well Pete.
ATB
Ian