Member Info for JohnHenry

If $200M is required then thats more than their Market Cap a Placing simply wouldnt work.

From around 10:30 some big sells where dumped causing the collapse to 50p

Agree the 50k and 100k clips are probably II or HNI which have done the damage.

10,000 25,000 clips is absolutely retail its only £5000

If II where exiting volume would be a lot higher

Why didnt they put a figure ? seems odd. Imho because that figure is around $200M

Thats now £170M

PaulBrains RNS quotes 35% of current capex budget not Original capex budget.

Buys 3M sells 1.2M suggest to me when the overhang is cleared this bounces hard.

Do not hold but this appears like pure panic and dumping at any price.

No news will be perceived as bad news.

MKT Cap £60M

If Met Coal price averages around $245 -250 and 12 months of full production with a Margin of around $50. Ben will be generating around $45-50 M in free cash.

Results are history. Going forward cost structure coming down, Production increasing actually at full protection 70-80K per month, Met Coal price moving higher in fact future pricing a lot higher.

Time to Invest.

Bigkahuna where are you seeing your Met vol B has Argus no longer appears available without subscription.

Thanks

I was expecting news this week given the last week of September, however Monday does appear the more logical date.

Amati are at the mercy of the fund holders, if they begin to redeem their capital then Amati must sell positions within the portfolio. POLX may simply be a casualty of that selling.

Amati simply dont have any choice but too sell.

Imho Amati holding is very unhealthy for a micro cap such as POLX.

Bigslick there is obviously a significant holder selling, has been for a while. Amati where known sellers i simple questioned whether its could still be them. Remember Amati still held nearly 11% in August even a reduction of 1-2% would still leave them a significant holder. Why understanding was that Amati were a forced seller.

Someone dumped 1.1M last week however this did not trigger a TR1 i wonder why ?

Significant holder continues to dump stock. Amati ?

Just stating whats actually going on.

Hasnt stopped the market continuing too sell off.