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Also worth noting that with 942m shares every 1p is £9.42m off the mcap.
So raising £6m on a placing of 100m shares reduced the mcap by at least 3.8 times £8.42m ( there were 842m shares before the placing ) which is £32m.
Not convinced that is a particularly good move.
SP peaked at about 9.8p 14/7 and held until 15/8 @ 8.7p before falling steadily to near the placing price ( announced 7/9 ) before hitting it today as we spud.
Some were obviously in the know as the sp fell steadily for 3 weeks before the placing.
There were 4 trades of 500,000 shares sold in the first 6 minutes of trading today ( I assume placing shares ) each netting a profit of around £30,000 while LTH have seen their shares rise to and fall from 9.8p. Doubt many of us have enough to make £120,000 in six minutes trading but it still annoys me that those with deep pockets can do so while we wait years to try and make a fraction of that.
Market always gets “nervous” especially after the last few sets of results.
Personally if it goes below 70p I'll have one last top up to reduce my average below £3 then like Kaeren I'm waiting for the dispute resolution.
GLA LTH
Waiting and Waiting and Waiting ……
If anything could teach me the virtue of patience this share ( and Tanzania ) are it.
When he took over in April 2022 the SP was 1.5 and I was under water then.
Now he’s leaving it’s dropped to 0.21 and looks likely to go further.
The only thing he’s developed is a much larger paper loss for LTH.
Let’s hope the new CEO can turn this round but with the SP where it is apart from a chance ( very risky chance ) to average down substantially, things look pretty bleak to me.
Another chance to average down if you can maybe ?
I'm guessing the sp will rise until ten and fall if the news I’d disappointing which I expect it will be in terms of earnings.
Not deramping just saying it as I see it.
I manage to average down a good deal in the 40's and 50's and will try again I’d the sp dips on the news aiming for £3 ( was over £7 at one time ).
You're wasting your time.
Been here before.
Just sit it out and wait to see how things work out.
My paper loss is 91% about £6k - it’s an expensive lesson but it is a lesson and won't break me.
You need to relax.
I started buying in 2020 held since and watched the sp go to 4p in Dec 2020 then slide continuously ever since.
It was only a punt but with 250,000 shares and and ave of just under 2p what initially looked hopeful has become another has been. I haven't sold and won’t but seriously it looks like a write off and one to put down to experience.
Thanks. Yes seen it now in secure messages.
Application wouldn,t scroll but there seems to be a check box and an offer to buy with a minimum £250. Given the interest I would expect quite a few to apply ( although many more will miss the chance to do so by 20:00 today ) so I've ordered some.
Not expecting to get the full amount asked for but you never know.
Irritated that places get to buy what they can afford at 6p while we get an allocation especially after holding shares since they were converted from Attis. ‘‘Twas ever thus.
The 14/08 update seems to have started the rot and the sp is down 30% since despite the recent update on drill crew and expected spud late Sept.
Never seen a share behave like this immediately pre spud which suggests someone with deep pockets is up to no good.
Taking no notice - I have all the shares I want and will hold until we hit Helium or get shafted by whoever or whatever is behind this. So as others have said it’s binary. GLA LTH we'll soon know which way it’s going.
you have to wonder what people expect from rns' sometimes and why the market reacts as it does.
we all wanted to know the pad was progressing and the rig secured so when it’s announced for mid sept ( a whole 4 weeks away ) you would think after waiting a couple of years the reaction might be positive.
initially it seemed so but then some sort of buyers regret seems to have set in and after touching 9.60 we close at 8.90 down 0.35 on the day.
taking no note pec if the daily *******s - holding and waiting for the sp to doubke ( and more ) when we spud,
I think the MM,s are having fun today 500,000 @ 8.75 with a bid of 8.50 and ask of 8.90 “unknown” ? It's a buy.
The warrant ( for 500,000 shares out of 818,000,000 ) doesn't come anywhere near knocking the sp down from 10.00p down to 8.50p either it’s 1/1,600th if the shares in issue ffs.
Ignore the crap.