Many of us have been in since before the Nextview deal that wasn't, so may not be back to break even yet. Lets not forget that a lot of the newer money may be 100% up already and won't want to look this gift horse in the mouth much longer. There are director options and buy ins in the 80ps so that may be an important marker. Interesting for the traders tomorrow and good luck to you if that's your strategy.
Still lots of news to come here and a long way to go
write off for me now DJ. Held here for ages and taken some healthy profits over the years; even paid a divi for a while. I'm intrigued to know how they got this dead cat to bounce into the 20p's a few months back - PIs always the last to know
Scott, you seem to know about this Andrew Powell guy; what do you think his remit is?
He seems to have expertise in mergers and acquisitions and IF a big pharma does see any future for Iclaprim longterm then now might be a good time for an approach. Its a big if .
I would snap anyones hand off if they were to offer 8p right now - I just can't see it though
More caution required Mr Cautious - remember what happened last time we tried to get into bed with a Chinese partner? This time last year we were still hanging in the 80p's and I think we'll return there once the market is convinced that Ganfeng is a done deal.
On a separate note; does anybody know of any progress in the C O Ewing estate claim and whether this claim might be hampering a Ganfeng sign off?
Made a typing error in my search engine and got: MTBF - wiki definition - Mean Time Between Failures- theclues were there all the time !!!
Silver lining - my lithium miner is picking up a bit, long way to go to cover the losses here though
Why are they selling at these prices though ? They sold a whole lot before the minutes were released, that would have been @8/9 pence and given them £240k or so. That should have been enough to keep the life support going for a month or two . If they are still going to sell then we're going to have @10M drip fed into the market between now and Sept. If there is a hint of a JV or an easy trial route then they will sell into any rise. I can only see the price staying flat or going down until they're out
this morning, says they've got 10M shares still, down from 18M in april. The sell down hasn't put much of a dent in their borrowings. I can't see the lender forcing them to sell more - if they sold everything it only give them £350k
Thanks for that answer @slurm, makes sense to me now - its SML who prefer the confidentiality otherwise the owners might be tempted to 'cut out the middleman'.
I would say though that within the mining community the identity of the offtaker would not be hard to find out and so this confidentiality term is more of a legal description.
Lets hope they can sort it out without going thru the courts.
Could anybody tell me what reasons a 'client' would have to procure magnetite anonymously? That amount of a mineral would be a logistical challenge to deliver in secret. It doesn't seem normal business procedure to me; or am I missing something obvious?
I'm out this morning at 109.2p - so patience has paid off here. Over the years I'm probably about even, so not the greatest investment I've made. Good luck if you are staying but it's only cost me £7.50 to sell down so not going to hang around.
thanks @redroy, good link. Alan Broome comes across well doesn't he.
I was hoping they might discuss cobalt as well - I think this may be quite a critical link in battery tech. I'm looking to get some exposure to cobalt with my investments but haven't found a good place yet
I don't understand why they've sold these latest 2 tranches so close to re-defining news from MTFb. I know they had to sell down in March to satisfy the lender - so no choice. Next week there is a good chance that MTFB could at least double. OK, there is also a good chance they could halve or worse but then AMP would be toast.
To me, it seems that they have sold in May to hedge against bad MTFB outcome; but if it is a bad outcome, these latest sells are a drop in the ocean to what they have to pay back at the end of Sept. So what have they gained?
I've only been following for a year or so, but you have to wonder at the lenders who gave them the money in the first place - all very strange
remember the 2 late trades yesterday - total £100k and both notified as sells - they didn't move the price at all. Today on AMP board we are notified that it was themselves selling down again.
I suspect this late trade showing as a buy is Sandgrove mopping them up, as they did a week or so ago.
Again, price has not been effected, and I suspect that is because the deal was negotiated beforehand.
We had a good indication today of how share price can be effected by 'normal' trades: £30k bought - took a little while and caused the spike up to 10p in midmorning.
If we don't get a minutes RNS on Mon we may get a holdings RNS from Sandgrove
good spot eviking - the sells from last night - but no sharp moves in SP. I suspect Sandgrove buying.
AMP are in trouble but I don't see why they are selling so much, unless they are hedging against bad minutes.
We had that spike this morning from a £30k 'buy' so there is not that many shares in free float
somebody wanted £30k at 9.42 and had to wait a while to get them. Interesting that we had 2 bigger sells at the end yesterday - looks like AMP selling down to a pre-arranged buyer as it did not affect price.
All just observations and I personally do not trust these buy/sell notifications100%
The loan that AMP are surviving on is due to be repaid end of Sept. AMP need MTFB to come good, at least to some extent, otherwise they're toast. They've sold about 2M on Fri, somebodies bought them tho' and our price seems to be holding.
I'm still hoping for 10p before minutes, maybe AGM will bump us up.
Also, don't forget our Hercules loan, more pressure.