Member Info for John2015

Blubay I'm working on the assumption that the sp will not fall much further, but if all shares ares converted there will be 10bn shares in issue.

Effectively a 50% dilution to obtain 15% of what the company was worth at 0.97p, not exactly a great deal.

Following on from that it seems reasonable that analysts will revise the target sp to 1.8p from 3.6p

I would also expect the company will probably consolidate at some point to try and make the sp look better.

Average down to 0.90 from over 11p holding and hoping to see some profit ( but sadly not much ).

Finally in profit after all these years !

That is definitely a possibility and a worry.

Had shares in Sirius and got bought out by Anglo American for a pittance.

Cheap enough for me now. Just bought another 1.25m and dropped my average from 1.49p to 1.04p ( was 11p at one time ).

Hopefully as long as there are no further disastrous fund raises and the expected good news, production in the states plus everything expected in Tanzania materialises in the the next few months this dip will, like Jan 2024 be a distant memory and a profit ( probably a small one ) will be possible.

GLALTH.

Louise - seems likely to me.

(It will) then the CLN is going to convert at an average of say 0.3p overall adding 3.33 Ben shares to the 5.2bn in issue before this “brilliant” piece of financing.

That’s a dilution of 60% so I'm holding fire until the buy hits 0.27 when I will double my holding and drop my average to 0.94p

Even so I will still be 60% to 70% underwater at that level while the sp is this low.

Here's hoping that once good news comes and production commences we'll see prices nearer the broker target.

There might be a profit in this yet.

1,400,000,000 (1.4bn ) divided by 2 ( if shares are 0.5p each ) = 700,000,000p divided by 100 = £7,000,000

We have only see CLN for £1m and £1.725m so £2.725m in total.

Am I missing something ?

This is Q4 so hopefully sooner rather than later ?

£2.725m converted has increased the shares in circulation from 5.2bn to over 7bn.

If all £10m is converted this suggests total shares in circulation will be 10bn plus.

So the broker target 3.6p is likely to be revised to say 1.8p.

Is this a realistic assessment or am I being too simplistic/optimistic or too pessimistic ?

Do you agree ? Any thoughts ?

I'll buy at 0.30p.

Saw it coming hanging on to my holding and a buy limit in place at 0.30 which will drop my average from 1.49 to 1.12.

Should be able to break even or even make a profit at 1.12 once production starts, surely ?

Sorry to hear your news Toffers. Thinking of you.

Averaged down again.

Now at 1.49p

Looks doable (and maybe even profitable) in the next few months.

Buy limit set at 0.40 hoping it doesn’t happen.

Great work by the board, if you're an Institutional Investor, or have very deep pockets to average down endlessly, that is.

RNS shares will be admitted to trading on or around 11/08.

I guess we're still waiting to see how many shares will be admitted ( presumably the Retail Offer of £1m must be ) so the only fly in the ointment is what the £10m investors will do.

How long is that piece of string ?

Presumably the uncertainty is holding the sp down,

Same here.

At a price that means about 2billion shares will be issued = approx a 40% dilution ?

Legalised daylight robbery as always.

Lorna has been most obliging once again - but this time I have the cash to hoover up the decimated shares and kick the arse out of my average. Next spike ( there will be one ) I'll be able to take a profit and leave this share behind me.

Holding 1million shares and cash ready to buy at the offer price next week to drop my average.

If I cannot get the number I want via the offer and the manipulated dip holds long enough I will buy more as cheaply as I can.

Still think the Nomads methods are reminiscent of the finest mafia gangsters.

That decision to offer £10m worth of shares at a 20% discount when the Bid was 0.97, based on an average once the GM authorised the shares release is looking more and more like a schoolboy error to me.

Who advertises a sale at a discount in advance and then wonders why the sp has tanked 34% plus.

It’s like giving a wolf your steak to look after, until lunchtime.