Member Info for John2015

Using HL - usually pretty good - there is a late reported 10m sell 10:38 today posted at 13:59 on their high volume trades.Was trying not to say too much.

Does make it feel like someones taking the p - glad I'm not the guy who bought 1.9m shares for 30.74p @ 13:59 !

dented the sp a bit - hope it recovers and holds, a couple of days steady gains would be very welcome.
Day Traders pumping and dumping most definitely not.

HAPPY DAYS - bloody IPAd !

Mildly surprised that extra costs of £300 to £500 m drop the sp 10 or 11p but a deal to sell up to 3m tons of poly4 at $145 per ton - so extra earnings ( not all profit I know ) around $435m per year for 7 years with options for 5 year extensions x 2, only lifts the sp about 1p ?
Its a funny old game. GLA LTH, hapoy days.

Once they have had a chance to reflect they may want to change that .

Seems to me this is fairly positive. No new cash involved although Gina has taken $50m worth in shares so a slight 4% dilution ( which was part of the agreement with Gina ).
So the full 1.2bn now available and fully funded until Q2 2019 with no “new” loans and a very small equity element.
I think any negative element of that is priced in and many ( me included ) will see this as a positive.
Lets see what the market thinks. GLA LTH .

No posts yet ? Another quiet day ?

I'm waiting in the expectation that they will be cheaper ( unfortunately ) to top up and drop my average. Buy Limit at 1.90.
If you were at 5.59 and you bought some cheaper than 2.20 you have lowered your average - but the effect obviously depends on how many you hold and how many you bought - sadly averaging down is much harder than averaging up !

AROUND 10% DILUTION ?

so my ave is 5.79. The way things are going I'd seriously be happy to get back to the heady heights of 3.5p - although I think the share is worth more.
If we get anywhere near my breakeven - (what a great job Neil did - the consolidation was a real blinder), it will be time to seriously think about whether it is worth waiting any longer IMO.

like we're finding a level at around 27p ?
Seems low to me but hopefully some news on Torps/Takeoffs will lift it back a bit to nearer where it was ( with much less positive news ). Even a full dilution - say 20% which won't happen IMO should only have take say 7p off the price if my maths is right so unless the 38p was overhyped ( it may have been a bit ) 31p would seem reasonable given the extra certainty on MTS liability ?

Very slow off the mark today - Still wairting while they show 27.00 bid 27.06 ask - no UT published yet.

Nice rise from 26.66 and then an ( inexplicable ? ) fall back to close up a measly 0.22 perhaps ( according to HL who had the bid at 26.92 on close yesterday that makes me up 0.10p as I write ).
Looks like the traders had a fine day - really hoped we would get away from this crap and such volatility in th 250 - obviously hasn't happened yet.
Ah well - at least it looks as if we'll won't close the colour I'd rather not mention. GLA LTH I do believe the fundamentals will show through one day.

Can't find anything newsworthy - how about an update AEX ?
Anything firmed up i,e. EGM date, actual date for the farmout to be concluded, any bright ideas on what else you might do next ?
Make it positive please - or we might begin to suspect the motives behind this deafening silence ?

A blue finish at 27.7 would have been nicer. Greedy sods these day traders.

we had a whip round at my place - its all we've got left.

One way of doing this would be to approach Funding Circle. Ratesetter etc To see if they will lend money - which comes from small and institutional investors in the first place.

No change since the RNS !

Gives me a couple of days to find a little more cash.