Member Info for John2015

jr I'm with HL no news yet on my account

Thanks myo helpful as always.

is priced in and the sp holds at 15p the mcap should be 6.97bn x 15p = £1.047bn.
Add the £327m raised = £1.374bn or 19.69p per share ?

chilting it must be esp - I was wondering exactly the same sort of thing !

There will be 6,977,537,829 Shares wef 08:00 Thu 23/5.
At an sp of 15p - nice round figure, (thanks Chris), I make the MCap £1.047Bn, slightly less than it was not long ago
and much less than when the sp was 38p not very much longer ago.
However we will have a much stronger cash position - to the tune of around £300m extra cash so do we expect the sp to rise or fall, or will the bonds keep things as they are until they are resolved ?

Now 9.27% up by 0.35% in one day and up for the 6th day on the trot.
Perhaps the shorts will start to close now as I can't imagine people sellling for less than the OO price ?

Just as the bell hits at 16:30 - what a coincidence.
Hoping tomorrow is a blue day after 7 red in the last 8 and 6 red days on the trot - which I think equals the longest run of red days for SXX in recent trading at least.
We certainly deserv a bit of cheer - although if I can find some cash I will buy more to average down again - just over 24p currently ( down from 25.75 )GLA LTH

Always interesting to see multiple trades 20 plus at the last count within a couple of minutes around 16:00 of exactly 5000 shares, all sells, all A trades - just saying. Wonder why that was ?

A loud raspberry from me - not too sure about the general reaction though.

Dogtyred, just as puzzled as you, put up the same question earlier - no takers yet. Anybody got any theories ?

some if the trades, 2 @ 31m shares, 2 @ 15m shares and 1 @ 13m shares could this be something to do with the placing, although I assumed we wouldn't see any figure for these before Thu 23rd ?
If not then there are obviously some big players at work today, but from the HL site its not clear whether these are buys or sells.
My guess, as the sp has not tanked, is that they are buys with the sp being held where it is by the placing and OO - in which case it looks like a massive vote of confidence to me. All IMO as always DYOR. Feedback/views welcome !

Volume here around 58m ( apparently mostly buys ).
Anybody able to confirm the true volume and likely split between buys and sells ?

Stroller - sounds like he is as happy with the deal as the rest of us. Needs must and all that but you don't have to enjoy it ?

outweighing sells by a factor of 7 or 8 to 1 the sp is flat.
Market force ought to prevail surely, especially after some of the counter intuitive moves in recent days when the sp went up while sales appeared to outweigh buys, although never to such a large degree.
Looking forward to a blue afternoon with a later adjustment upwards !
Good to see some volume especially if the buys are genuine. GLA LTH.

Andy we can always hope they (GSA in particular ) have cocked up ?

Off to water the garden.

and Goliath this pm - lots of small buys matched buy a a few multi million sells to even the figures. Someone has deep pockets see 11:44, 13:31 15:56.

I do not think it will go below 15p - this is already a 3 year low driven in equal part by the placing price, opportunistic attempts to trade from 18p+and buy back at 15p (which may come unstuck) and PI panic.
Not selling any taken up my full OO entitlement plus a few thousand more I hope and topped up a few on the way down from 18p to 16.5. IMO any dip below 15p will be very brief. A series of positive RNS' about the OO, Major Holding, Construction Updates and the Bond placement will lift the sp back to a much more realistic level (maybe not quite 30p) by Sept. Always was an optimist. GLA LTH

I should add of course always DYOR and GLA LTH.
GOODNIGHT.

Fred completely agree - seen this happen several times in the last few years, we've never been closer to constructing the mine, with more take offs agreed and ( soon ) greater cash reserves.
So although dilution has impacted the return we hoped for, what is still there to be had is worthwhile and a good deal more certain than it was.
History shows this will bounce - maybe not quite so far or quite so fast but 30p looks easily achievable in the next few months to me and by production higher still with every chance of £1 plus by 2024