Member Info for InstantExpert

" If the price falls below 6.4 then they may make a loss"

If the price falls to 4p, Atlas can draw down the same shares they sold at that price for 3.40p (15% discount). All they have to do is order them within three weeks from the day the SP reaches 4p.
In fact they could draw down up to £2.15M worth at that price if they so desired.
Gotta be their interests to use next week's share placement to sell this down IMO, regardless of what they paid for them.

IE

The way I perceive the situation is that if MM releases the figures before 11th, before Atlas are issued their 1.5M shares, then he's on our side.

If, on the other hand, he gives them a week or two to drive the SP down before giving them out, then it's still mates rates and freebies for the 'In Crowd' at the expense of private investors.

Which do you think it's going to be?

Yeah, bet he loves you for that. (:-!

What I meant to convey was the fact that Atlas won't mind selling at a loss, under 6.49p, because they can always buy the same shares back within 3 weeks at a 15% discount.
So they will probably try to do that if they can.
A production update is the only thing that would stop them.

I concur with Rodrod; a simple notice defining what has been shipped from La Parilla through July would be a timely RNS. It doesn't equate exactly to production for that period, yet it might deter Atlas from selling their drawdown immediately in the hope of drawing down more at a cheaper price.

Release something this week or Atlas will sell WRES down to 5p!
Not that it matters in the long run, still it will make this BB unreadable.

Exactly. BIG comeback by Tung.
Wish I had shares in him!!

They have another £2.15M to convert if they so desire, so no rush.

Tonguesten Good to see you back at work) :

"the sp keeps dropping at such an alarming rate"

No it doesn't. The SP has been around here or rising for a couple of months.
And, of course, the MC, once this breaches the 8p placing price, and ignoring intraday trading spikes, will be at its highest this year.

IE

It's a little early for festivities IMHO.
Why not wait for some revenue first, before popping the cork?

Just a thought

IE

Looks like iis buying back in too
Late reported 500K O trade, certainly averaged, surely must partially be the cause of today's rise into 5th August.

Is 7.60 to Sell
7.625 to Buy

Haven't seen it that keen in months!

"Pure QFI" more like.

Why?

Thanks for that Pectin11, I'll let you know how I get on.

Does anybody have the GPS Coordinates for La Parilla.
I was in Badajoz Friday evening with my wife and we thought of going on to try and find it but I was outvoted; have decided to try on my own next week.
GPS would be helpful.

IE

Yes, Xmas is just one bank holiday day (25th) and then 6th Jan ( Epiphany) which is when the kids get their presents and the evening beforehand, there is the three kings carnival procession.
Considering the Spanish have 14 bank holidays through the year, it makes no difference.
Semana Santa ( Easter) is much more disruptive.

For some reason LSE aren't showing the 8p buys.
Two gone through (yours and a 30,000) but LSE just don't wanna show them.
Tick Tock

Daft to sell now IMHO
At least wait to see the July figures
It's not going to fall any further.

ii offering 7.52 for 150000 shares

7.98 to Buy