Member Info for jam2morrow

Think u need to take that with a pinch of salt. 100% = double ur money, 1000% = 10 x ur money, so 5000% = 50 x ur money?
Its possible this could go to £1 with excellent drill results; so whats that? 10, 13 bagger?
Realistically I think the share price would be higher now if that were probable rather than possible. Could be that we are still under the radar to some extent tho'. Be lucky, but don'y be lazy!

My best explanation for all the big trades (delayed or otherwise) that have been constant since the placing:
People saw the price at 45p and, like me, thought that's a bit low. So they buy as many as they can, with their money or with borrowed money and have the intention of flipping in a few weeks when it goes to 50p.
I don't know the time limits for margin trades but I would assume months instead of weeks? Thats where this theory doesn't add up because given enough time this will go back over 50p - but it does look to me that people have bought placing shares at 45 and sold them for less.
Could be @treblejohn that sellers had got in sub 30p, didn't see the placing coming and now want out, but I don't think that explains the volume.
What I really need is for someone who sold £200K's worth last week to post on here why they did it......slim chance
Warren Buffet said something like '' buying stocks is how patient people take money from the impatient'' Lets hope those words are true here.
Good luck holders !

What has never been explained with the 'Brendagate' affair is what happened to the magnetite?
It had to be sold on to a legit customer. Brenda's companie(s) were set up as hedge funds buying and selling. As far as I'm aware the only physical assets they had were an office and staff.
It may well be that she was selling the magnetite at less than she bought it for to create an illusion, but the stuff still had to be physically shipped. Where are those end customers now and do they still want our magnetite without the middlewoman?

somebody sold 3/4M late today so maybe not so scarce?

I'll assume from the muted response that no one is any wiser than me !
It's a lot of money moving - someone knows why

Serious question - can anybody epxlain why there is so much volume churn since the placing? This has to be both selling and buying - more selling because we are below placing price. The buying I understand : we are undervalued against peers, and the project is financed; but the sells at this price -why? These are big trades and there has to be a reason. It must be connected with the placing shares but its beyond my understanding. All explanations considered :)

@ Dartron : Earlier in his career P Secker was actually employed to help build mines in China, gold mines I think, so they haven't always been able to do it themselves.
BCN will be useful here, at least until the mine is built, because their expertise is site specific, and don't forget there is not much knowledge of this particular geology and lithium production

you beat me RoyalFlush. Trade not delayed at all tho' so plenty shares around

£200K 'buy' trade gone thru 14.03

Good spot @Aimjunkie. I had been trying to keep an eye on the Orlaroz project - as u say, it could have an impact if the Ganfeng team are delayed. Looks like PS has a lot to be getting on with if they want to do foundation pours this autumn. I don't know how much of the engineering design work has been done but it will have long lead times to be manufactured.
I've never known a mining project to be commissioned ahead of schedule and I'm sure there will be probs to overcome; this is PS's territory now tho' so hopefully can crack on

Mr C - Klein gave his reasons in the interview : EU wants to source internally - EMH; reasons for BCN undervaluation : he called out AIM as a crappy market and also I inferred that he thought the latest raise by BCN was too cheap. Thacker pass valued 6X that of BCN?

@Zarro - good spot - 9 March. To decide if the acion is limitation barred ? Any legal minded posters able to clarify what this means?

New Crux investor interview out - https://www.youtube.com/watch?v=9QbwF23vluQ PS comes across OK . Also worth a read of one posters 'nthenwhat' thoughts in the comments, makes some good points

@Si90 - agree, and there are similarities because 50% ownership of Ganfeng and CZ govt respectively.
Things to tilt in EMH favour - The large Tin resource(this is basically a tin mine with Li as byproduct) and perhaps region slighty more predictable (esp with govt backing).
Think this will come good, he tells himself for the umpteenth time! still a fair bit of churn here since the placing

107M shares issued at 45p brought the price down straight away to that price, and this is common with placings; ok, so then we drift to below 40p - but my proposition is: if 53M shares are going to be issued at 45p in 2 months time; how much of a 'given' will it be that the shares will return to 45 again ?
Just thinking out loud, but I couldn't understand why it drifted, plus, I didn't move quick enough to catch the sub 40 :(

@xtw2 - Ganfeng took their company level share up to 28.8% at the last placing BUT their new shares, 53M, won't be issued until authorised by Chinese authorities. I'm estimating this to be sometime in May simply because of previous timelines, but I don't know for sure (by my reckoning we are due an RNS about now to confirm their 50% at project level). These shares will be at 45p; so will that effect share price at the time?
We should be fully funded with, possibly even without, these extra shares .

idustrial gas royalty 3%
inspection fees 1%
carry for the government 16%
hope this helps with your due diligence

From what I've read on the interweb, Tanzania is in some degree of denial with coronavirus and not receiving vaccines from WHO? May or may not effect the seismic; which is way out from urban areas, but the equipment will come thru Dar es Salaam.

I'm looking for a reason why this is drifting and struggling to see one.
We have more dilution to come, 53M shares worth, and that probably won't happen til May - if Chinese timetables stay constant. That will be at 45p so is the market thinking: 'its gonna be pulled back to 45 again in May' so we're not buying yet?
In theory, Ganfeng could buy another @15M to take them to 30% , but this is tricky because if they had to wait 3mths for govt approval what price do they pay? I think 28.8 is their limit......unless they can buy on open market?
Also I think there isn't yet a clear plan for the engineering work. Are we going with CO3 , are we keeping an option for OH? The interviews I've watched give the impression there is nothing definite yet.
Also the 17.5t/ 20t pa I think is underachieving. PS says its easily scalable - elaborate please Mr Secker - scalable without ordering specialised engineering plant with year long lead times? scalable by going to 2 shift system?
Still lots we don't know and lots to find out.
We should hear this week, or next, that Ganfeng's stake at project level has been approved, will be good news but I don't think will effect sp much.
Just wondering whether to buy more now, or will sp stay at these levels, or even drift a little more ?
Thoughts anyone?

bought £2k with ii at @ 7.2 this morning same as usual?