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Well done, Jeb. It always takes courage to apologise.
Generally, I think this chatboard is remarkably good-tempered, compared to some others I have looked at. I also think it's quite OK to have a mix of expertise and knowledge, on the one hand, and cheerful remarks by people such as myself, who know very little, on the other.
The broker fees do seem a rip-off to me.
"Turner Pope Investments (TPI) Ltd ("Turner Pope" or "TPI"), the Company's joint broker, received a fee of six (6) per cent. of the funds raised in the placing (£30,000), a corporate finance fee of £30,000 which also covers its legal expenses, and will receive a commission of six (6) per cent. of the gross value received by the Company from the exercise of the warrants described above, if any are exercised during their two-year exercise period. TPI also received 1,694,915 broker warrants equal in number to ten per cent. of the New Common Shares, exercisable at the placing price at TPI's option at any time in the five years following Admission."
Catherine McQueen is always smiling, presumably because she's not a shareholder.
Hi, Jackbal
I have never heard the words "creating value for shareholders" cross Brad's lips. I suppose we should praise him for his honesty; he's never said it, because he doesn't believe in it.
"Abandon hope all ye who enter here" (Dante).
Very possible.
Hi, Roger
You've done the same as me, and some others. It makes sense, I think.
An excellent presentation, lots of info on the assets, and reminds us that we have a young, intelligent, energetic and well-informed CEO. The future for tungsten looks pretty good; even if one discounts the demand from nuclear fusion, the demand from the US army and from Ukraine is not going to go away anytime soon. And Friesen is clear that he wants to push Pilot Mountain towards a feasibility study and production.
This is one of those companies, where some will be saying in three years' time, "If only I'd bought at ten pence," and others will be saying, "Thank God, I bought at ten pence, and kept my finger well away from the sell button."
Thanks for this, Paul. I wouldn't have known about it otherwise.
Best wishes to all shareholders (including yourself).
Hi, Rob
There's a mistake with your maths, in para 3. It's not possible for a share price to fall by more than 100%.
Otherwise, I agree with the post.
Hi, Chicken
You're right about this. With all these small explorers, getting in and out with £20 to £30k (which these days is not a lot of money) is not easy at all. I've had to divide my amount into small parcels, to get it through, for the buys and the sells.
Hi, Chatty
Can you explain SII to me? Is it shares in issue?
Hi, everyone
Now we know, this one can move. I never thought I'd see the day, when GMET rose by more than OMI; but today, was such a day. And I am happy to hold both.
Hi, everyone
I'm glad we're only down by 7%. Things could be worse, we got off lightly, and all the other platitudes, which apply in a time like this.
Hi, Wolfy
Thanks for the reply. Best wishes to you, and to us all.
Hi, Wolfy
I think you're slightly too gloomy on this. My guess is, present price will hold, until news arrives. If it's good news, a lot higher. If it's bad news, a lot lower.
Best wishes
Maybe it's a market maker trying to bring his holding up to a round number?
Other possibilities I have considered include a child spending her pocket money; or a parent teaching his child how the market works.
This was the price level it took off from, a week ago.
OK, Bhargav, I accept it's one seller. Without a calculator.
People sell in round numbers just to make the maths easier. And why should it be one seller? It could be more than one.
You may be right, Elric; but I have no regrets at having sold. GMET's unchanged, and OMI is up 30% since I bought at 10.20 yesterday morning.
Best wishes