Member Info for JezTheFez

The only thing that is causing me concern is timescales. How long do people think it will be before we are made an offer for our assets, if at all? I suppose we should never assume that an offer will be made as nothing can be 100% guaranteed at present.
The final RNS from yesterday did talk a bit about their plans for "next year" and how they intend to spend money on upgrading mining equipment etc. I suppose you can look upon this in two ways: firstly, they would probably need to continue making statements based on business as usual with some reference to the future simply because there has been no bid made at present. Secondly, they are feeling confident that a bid will be made at some point in the not too distant future and they are fluttering their feathers at the would-be potential suitors.

Whichever way you look at our current situation, I believe it is strong. We have money coming in and in the bank to fall back on, which is coming to us before year end by way of exercised warrants and from sale of metals. We have two large banks sniffing around after our assets, a strong BOD and shares entering very sticky hands. I'd say Christian needs to move forward with a sale without any unnecessary delay and certainly before the momentum drops off here and PI's get restless and bored. That would cause the share price to drop-off again and that wouldn't be good for anybody. That's how fickle and delicate the situation is right now and Christian probably doesn't need reminding of this as he's a smart guy. We are sat in a very strong selling position so my advice to him would be to move towards a sale and get things concluded within a few months from now. The bid offer will probably need to be put to us shareholders to vote on before it can be approved and then signed-off. A similar situation is occurring over at SOU at present with their fabled 'Liquidity Event'. Put it this way, this is not a share to be out of at the moment. If you're sitting on the sidelines waiting for your opportunity to jump-in, I suspect the longer you delay, the higher share price you will have to pay. This weekend should have given investors the chance to assess their positions and those wanting a bigger slice of the cake will IMO inevitably pile-in on Monday and the subsequent trading days. We should witness a well-deserved re-rate in the next week-or-so. Good luck.

Robjprofit,
You are the second person to have come on here in the last day-or-so and have said that you wish you hadn't sold any. I got accused of sounding "cheesy" for commenting that people would be coming on here saying what you did. Looks like I was correct in my assumption then that people would be feeling somewhat regretful for giving away their relatively low average share prices. However, any profit taking should never be sneered at and hindsight is the most wonderful thing on AIM. You can only do what is right for you at the time of making your decision. My decision however, is to hold on to my shares very tightly. Sure, I could make a bit here or there but the real prize awaits those who wait for the bidding war to commence.

One point to make and it seems a bit of an obvious one to make, is that the Chinese bank who is interested in us is STATE OWNED and not private i.e. it is owned by the Chinese Government. This is quite an important observation because the Chinese Government don't like to lose and have very, very deep pockets. It should signify to people that they mean business and will probably go the extra mile to own our assets if push came to shove.

I wouldn't focus too much on putting a baseline price on our assets. How many bidding wars do you know end up with the price going for way more than people first anticipated when at least two parties who really want something fight against each other for it? Pretty much all of the time, is the answer to that question. You only have to go down to your local auction house to see it in practice. If two people or more want something bad enough, price sort of becomes a bit irrelevant. I have however commented that we are looking at least at a 10-bagger IMHO from the current share price level. More than happy to stand corrected should I be mistaken.

JTF

Somewhat - that explains your trepidation then!
We'll all be just fine. Have no fear. the fez is here!

#maythefezbewithyou

Somewhat - may pants were creamed well before tonight's RNS. What's not to like?!

Somewhat,

15 million oz of Palladium and two big banks chomping at the bit for a piece of us from different countries?
These are very nice problems to have, mate.
Don't worry about this one. Opportunities like this on AIM are few and far between.

Yeah time to sell a kidney, a lung and a left arm I think. Check behind the sofa for any loose change before doing the aforementioned though! How many people are feeling disappointed for selling today when the fun is just about to begin. Loving that late RNS. That's a big, middle finger to all of the nasty derampers who thought we were going to have an imminent raise. Directors keeping hold of their warrants too demonstrates confidence. I liken the RNS to the guys at Eurasia fluttering their feathers like a pea**** at our two Bank friends who want a piece of us. It's as though they were saying to the prospective buyers, "we ain't cheap, we are all ready and sorted and have plenty of money thank you very much.....now show us how much you want to buy us for..."

I still think that there are some people who have bought into this share who reckon Palladium is a theatre.

Ironically, if what we had was mainly Gold, the share price would be rocketing still. People don't quite understand that value of Palladium even when people quote them the price per oz. Something still doesn't register. It's kinda weird but there exists a misperception about the value of Palladium. What's more compelling is the rate at which the price per oz is rising in what is over a fairly short time span. It demonstrates its true value IMHO and what's more is the Chinese know it.

People still feeling jittery? If you are then shake-off your nerves and relax. I warned everybody twice this morning about what would happen. It's just MM's trying to get back control of the share price before the next push up. I was right yesterday when I said we'd see a 40% rise. I've seen it all before, time and time again. There are still profit takers lurking around, which is fine. I expect that. What is pretty lame though, is people panic selling when they don't quite realise the big prize that is waiting just around the corner. The company knows it, savvy investors know it and the two banks who are scrapping for our assets know it too. Just don't be one of those who sells for peanuts out of fear only to kick yourself hard when we are made an offer for our assets. Don't be one of those who says, "I wish I hadn't sold because I would have been able to pay my mortgage off / buy a new car / take that luxury round the world trip of a lifetime." I'm holding my shares close to my chest and strongly advise people to do the same. You'll thank me in the bar down in London when all of this is over.

MM's trying to play it cool. Bless 'em.
They are attempting to coax people out of their stock by wild movements of the share price, which I alluded to this morning. Don't be fooled, guys and gals. They want your stock big time and they know it.

MM's are going to be moving up in manageable increments so they don't get caught out. We'll have a couple more speeding tickets today I suspect to allow them more time to fulfill orders. They are trying to play it cool but they are gagging for stock. Kind of pathetic watching them squirm but boy I it enjoyable. Shoe is on the other foot now hey lads? You ain't having a single share of mine.

MM's are gagging for your shares. Bunch of desperados. Well they ain't having mine. I've played this game for long enough to know when to hold fire and let it play out. Newbies will be having the jitters but don't. Sit back and watch the scrap for stock.

Opportunities like this don't come around very frequently on AIM at the moment. We are looking at a gift horse right slap bang in the face. Forget where the share price is right now. Think about where it is heading over the next few sessions. With more media coverage today and over the weekend, this is going to be even more hot property and it will come down to people trying to grab what they can at any price just so they can be a part of the journey. Keep your shares close to your chest, sit back and watch your investments flourish.

This share is going through a re-rating process at the moment. Don't be put off by the wild swings....up....down.....this way...….that way.....sideways......up.....down...….up......it's all MM games. The general direction IMHO is upwards but it's all about the end game for me. I am being stubborn this time around and will sit it out until the offer comes in, whenever that is. Don't care because I have a strong hunch the offer price will be way higher than the day-to-day share price games.

I keep saying it, but the BIG PRIZE is going to fall with those that hold fire and wait for the offer to come in.
Hold your nerve and be brave. Trust me on this. Don't give your precious shares to those nasty MM's.

Today is a good day to be an Eurasian.

Let the profit takers get back their hard earned money. What they don't perhaps realise is that the shares they have sold today will be worth many multiples in the days to come. I'm holding out until the offer price is put to us, which I expect will happen some time in the near future. MM's are desperate for stock to play with. Don't give it to them easily. Make them work for it.

It will be interesting to see what the share price is on open tomorrow. I suspect it could open up over 40%.

I just wonder where this could end? 5p? 10p? 15p? 20p? 25p? More? Time will tell.

Emerald Energy went from 0.5p to £3.00 on sale according to Snowman. Dreams really do happen on AIM, so once again I recommend people hold on to your shares very tightly and don't give them away for peanuts. The sale price here will almost certainly be many, many multiples of where we are right now. The fun hasn't begun in earnest as of yet. The big rises are just around the corner.