Member Info for JohnLaw

For the avoidance of doubt, Demir Export (DE) is not part of Koç Holding AS but is owned by the same family that controls Koç Holding. DE rather loosely describes itself as "operating under Koç Group" but it is not listed as an associate or subsidiary of Koç Holding AS in the latter's most recent financial statements. Koç Holding AS is the Fortune 500 company, not Demir Export.

Be that as it may I am reasonably confident that DE has the wherewithal to carry CGNR through to completion, I am b*lls deep in CGNR and only wish I had got some more in during the price drop last week that was caused by the rather ingenuous RNS that introduced our new Turkish friends.

Odd that the interview deal was clearly that the Prof would not take questions when there are many to be answered

Slight apologies - the AAZ wording was fully permitted mine construction-ready and this deal is construction ready to BFS status with less cash to CGNR. So this is not quite as good a deal as the AAZ one. Be that as it may this JV values a 57% interest at £9m so the remaining 42% is worth 22p. That is not a bad lace to start from

It's a worse deal. AAZ deal was to take the project to "mine ready" status by giving away 55% equity. This deal gives away 57.5% of the equity and CGNR still has to pay 42.5% of the costs to get the project from "construction ready" to mine ready, or concede more equity. We get 1m now but there is no warrant revenue as was in the AAZ deal. Shabby that there was no comment on the AAZ deal - my guess is the Prof wanted to keep too much control for AAZ's liking. I also think there is still a great deal of value to be had, if Demir can deliver.

Looking at the IG i see a lot of share TILS people might invest in, like Open Orphan, Novacyt, Silence Therapeutics, Eurasia Mining etc etc

I see this referred to in a number of boards. Would explain the fall in many small cap stocks today.

Perfectly balanced trades:
# Trades 20
Vol. Sold 2,369,838
Sold Value £15.40k
Vol. Bought 2,329,392
Bought Value £15.14k

The charts say almost all technical indicators are neutral or negative. We are bouncing along support. But I sense a turn. I am very, very long

Hello everyone. My name is John Law and I am a Ramblerolic. I can't stop buying this. I don't want to stop. I don't need help, just 10 bags full please.

@ Badmashy. Basically the higher the regular volume of shares traded, the higher is the Exchange Market Size (EMS). It is not constantly revised so if volume and/or price suddenly increases as GDR did, the value of the EMS will be low compared to current trading volumes. If you trade through a normal stockbroker it is not particularly relevant as the EMS does not bind market makers in that situation. If you trade through, say, IG using Direct Market Access your order is placed directly on the exchange and MM's are bound to trade the EMS quantity at the price you see on level 2.

For SETS securities, EMS (was NMS ) is 1% of average daily turnover (ADT) of shares divided by the average share price for the period of ADT calculation (subject to an upper cap of around £25k and a lower cap of £2.5k). For SETSqx and SEAQ securities, EMS consists of 2% of ADT divided by the average share price for the period of ADT calculation. If you have Direct Market Access - the MM is obliged to deal up to EMS at the quoted price - if you go through a broker, they are not.

He will stay in till they ban hunting in Staristan (which is never going to happen) (Just added 1m more - those 2 x 500,000 "sells" are mine)

The answer would appear to be Zak Mir

Asteriskistan or Crocodile Jundee?

Per FSA the disclosure threshhold is 0.1% so 500K is below that. Cannot see that it applies to CFDs though - it does not apply to ADRs

I wonder why that short never appeared on the FSA short interest disclosure list

It will bounce back today

What about Columbus Energy Resources plc? Close to their last market cap and there is some stationery left over.

That is serious money for a $120m cap company. Lets' go!

Moleman - interested to know how a third party would overcome the security of tenure of an existing licensee.