Member Info for Jambo813

Yes but if re rated the options on the previous placing and any others could have been exercised as surely they would then funds made available to EUA

Or as they have increased funding, assumption has to be they know what the new resource is, so full speed ahead ?

What do we expect first?
1. Update on resources then purchase of the balance of licence
or 2 RNS advising purchase of rest if licence

@richthenewbie
Can you please explain what you mean by
“ they can fill the shorts if it goes down - with the stock they own“
Short - borrow to sell then buy back at lower price to return
the borrowed stock.
Eh! If the placee is still holding the stock through a short and fills ( uses the stock paid 26p for ) I think they would be losing money.

It’s the business of placings.
The buyer pays 26p but forward sold all or most of them for 26p plus.
EUA get their cash , the buyer gets, most- all of it or more back and gets a free ride to more profits if the SP gets above 26 at a future date.
If it was a rights issue open to all of us we would get a damn sight more detail in a prospectus.

Because if you are an MM you do not want the extra 10m bought to be sold back to you later in the day at a higher price thereby incurring a loss on the MM trading book.
Better to drop the SP and flush out the day traders who will eventually take a hit.
If more sellers than buyers today the SP would likely have risen

Have to admit I am not sure exactly what the extra funds are specifically required for and how they will be spent.
The only clue given is to bolster their negotiating position which if we believe the super confident peeps on here - the value of what we have should in itself be enough.
So how exactly is the cash in bank going to be spent as it’s no good just sitting on the accounts

Just to remind everyone, Market Makers are institutions too.
Think about it

Yes the SP is moving!
It will always move and in both directions for now as the people moving it are not the ones who actually know where it should be moving to. They only move it in what’s going on in the here and now.
It is the BOD who will ultimately move the share price.
Patience as always.

Is that not the big one.
Mining plan is one thing but surely it is the DFS that is what any buyer would want to see or am I wrong

@CCEP
So should trophy’s only go to people who ( like you)
who in the past have posted they are” not selling”
I don’t see the difference myself LOL

That is why I specifically said the next major one will be this Friday after hours.

They work an order for an investor who gives them a buy limit. Could fill it from their own book or find seller.
If a weak sellers bite the shares transfer to a larger investor
So what exactly is the problem.

It’s a fair enough question that I have asked myself in the past and I honestly do not know the answer - other than I know we ain’t getting all that is in the ground for half a million.
The peeps on here that shoot down anyone asking the question may ( I say May) be the ones who think we are getting an in the ground circa 10% value of 104m oz
Honestly do not see that being the case.

It will not be today, pity so many think or hope it would be.
I guess the fretting will now begin.

What you see is the delayed price on chatboards and you are sourcing the live price from L2 or somewhere else.

Personally they do not bother me one bit and at times they are very useful when knowledgeable peeps on here fire back with interesting facts.
That said, if they bother you that much and all boards have them, the best advice ( posted on all boards) is simple.
Do not reply.

I have processed global dividends in MMs and as far as back dating a dividend ( record date - which is all the share registrar is concerned with for who to pay) could be backdated to the close of business the day before announcement.
In that scenario you would expect the announcement
1. To be prior to the market opening and
2. On opening the shares would be classed as ex for trading purposes.
Yes, anyone buying the day before would not be on the register (2 day settlement) but the settlement system CREST/Euroclear picks up those open trades and debits the seller and credits the buyer the dividend value on actual div payment date.

Jimmy
Just read you had sold 1.4 million at 0.45p (bought at 0.40)
and at about 3p you said LUCKY kept 150,000 back.
I don’t call that lucky, good luck anyway.

Jimmy
Ah the irony of your post.
You “ feel sorry for those that sold today “
You admit you sold part of your holding in the past
( chances are at a lower price than todays sellers)
You say you will sell the rest when it reaches your target price. ( perhaps todays sellers reached their own target price).