Member Info for John2015

because they are so far into the red it would be mad to sell ? Numpty.

Me neither herecos the point has already been made but just to reitereate by 2024 when the sp is north of a £1 and the company is worth £15bn we'll look forward to your apology.
Meanwhile thanks for your kind words and consideration.

Sadly Bellers I don't think so.
Last year seemed stable until the finance fell apart.Since then it seems the big institutions have got us by the short and curlies and they are twisting as hard as they can. How else could the sp go from 38p to 13p and how else would they get in on the ground floor at 15p - ( bankrupting us on paper in the process ). Last year I was up 40%, no doubt others fared much better now I'm down by 40% with an average over 3p lower. Just wish they would get the bonds sorted before we get into single figures - the II's and Funds may have other ideas.

We'll soon have more funds in the bank than the mcap !
Bloody unbelievable - 38.7p 06/08/18 to 13.7p today is in no way justified by dilution and certainly not by sales and construction progress.
Not to mention the prospect of 100 years mining an asset worth at least £2bn a year in earnings.

Lunchtime Auction- mybe an uncrossing trade in a minute. Expect the usual games during lunch - but which way ?

I agree with Dan well said Fred.

Which is a considerable improvement by the way !

Thanks Alexios.

Thanks sxx4me.

Bellers I think so, all IMO of course but using HL graphs for the 200day moving ave and RSI calculation and investir presentation NPV at 13mta in 2021 and 2024 is how I got the figures.

Anyone got a view ?

200 day moving average declining since Aug 2018.
Both suggest the share is oversold.
An RSI of 50 would indicate an sp of at least 20p is reasonable at present and the moving average, even allowing for the finance package/dilution suggests the share is oversold.
We need the bonds away and then we can expect a recovery to the mid 20's IMO, before moving on to an NPV/shares in circulation figure in due course ( 85p 2021- £1.25 2024) - with 7bn shares and 50% NPV discount.
10bn shares would make that 59p to 87p at a 50% discount, which I feel is probably too pessimistic.
Please feel free to check figures and comment.

10bn (worst case as far as we know) not 19bn - fat fingers and IPad !

presentation forecasts on NPV ?
At 13mta around 2024 if I remember correctly figures of £11 to £15bn ?
Even with 19bn shares and a 30% risked figure, say £10bn at 10bn shares £1 looks perfectly feasible.
At todays price around 700%, for LTH ( like me with an ave of 22.7p ) over 400% - and thats without dividends.
Not what we hoped for but much better than any other investment I know of. GLA LTH as always DYOR.

8 months ago we were in the high 30's - so down about 68% ?

Is it just me or is the website getting flaky ?

WHAT TRIGGERED THE 0.37 DROP AT 11:02

what triggered the big drop at 11:02 ( -0.37p). There were a couple of sells but nothing massive and the first was reported 11:04.
Some more large sells 14:00 ish apparently Otrades so not

what triggered the big drop at 11:02 ( -0.37p). There were a couple of sells but nothing massive and the first was reported 11:04.
Some more large sells 14:00 ish apparently Otrades so not

Look at the chart - there is almost an annual pattern.
The fundamentals are good. The mine is progressing. The finance looks as if it will be sorted.
Look at the autumn graphs, most years seem to start low peak in Summer or Autumn and then another dip.
This year should be better than most and the future look good to me.
Just hang in there and ignore the dips ( unless you can afford to top up - feeling your pain Fred, not dissimilar - but I can move some money from Peer to Peer loans to ave down a bit and will ). GLA LTH