Member Info for Jollifant

No that was Assore but i get your point. However assuming Assore don't sell any then 45m is still a sizeable amount to shift. Maybe i'm wrong and it's just PI's taking profits but somehow i doubt it.

I've finally worked it out. They stop selling when the sp drops below 22p. They want their minimum 10% profit, a cool 1.2 million quid on 60m shares, so resume selling above 22p. Not so bad then.

Up 7.5% this morning, now down 2.8%. Stuck in this low 20's trading range for the foreseeable future until April's placing shares are cleared. Very frustrating. Will they keep selling down to 20p? Was that placing necessary, does Vince regret it now, why didn't he lock them in for a year like he did Piedmont?

The only downside are the 60m placing shares at 20p issued back in April. That's a lot of shares to potentially sell now the sp is back above 20p again. Without them the sp would be over 30p today and who knows where in a week or two.

OK Tony mate we get it loud and clear. Your 3rd ramp today for SAV on this board. Your 3rd post deletion maybe also?

I wonder if the RNS was subtly worded (later this year) to deliberately cause a sell off to let new (mates) investors in at a reduced price? Seen it on AIM before. Lots of buys come in, the sp recovers and hey ho a drilling started RNS arrives. Just a thought and i'm not usually a conspiracy theorist....honest!

I got it from this bb when peeps were discussing the telegram posts. Anyway thanks for your reply.

No doubt long term the sp will recover and possibly exceed it's record highs but most AIM investors have shorter time scales. 'Later this year' does suggest it's a few months away otherwise shortly or imminent would have been stated.

Wasn't Lenigas suggesting recently on the WSBN telegram wotsit that drilling was imminent? I'm not a member so perhaps one of the telegram members here could deny or verify that.

It's quite simple, was a dreadful RNS. Everyone expecting a 'drilling commencement' RNS and we get the dreaded 'drilling later this year' red card. They tried to hide it amongst the glitter of the prospects but nobody has been fooled.

The RNS on 20 May stated 'We anticipate being able to announce the commencement of drilling shortly.' That, together with the premium placing took the sp to record highs. No doubt the placing shares already sold for a profit.

People did warn about the Lenigas connection. Lost all faith and trust in the management. Can also see 10p on the horizon if no drilling until Q3 or beyond.

Incredible under reaction to a stonking company making RNS. Will we see red today? AIM, and in particular IRR, totally unfathomable.

'and submitting the application to the Minister for award of the Licence early in Q2 2021.' Depends how you read it. Could be submitting the application to the Minister early in Q2 2021. That's been done now but i agree it was late.

According to todays Daily Mail there is an acute shortage of mining professionals in Australia just now due to Covid travel restrictions. This could explain the delay in starting the drilling. The mining industry are lobbying the government to give exemptions to mining staff to alleviate this problem.

Is this an admission that your ridiculous chart analyses are just that, ridiculous? Apart from being totally inaccurate of course.

For goodness sakes Manro stop whining like a child, sell up and booger off!

You knew what you were investing in. An AIM explorer operating in Mongolia. Don't tell me you didn't expect a bumpy ride. Soon we will know which way we are heading and my money is on upwards!

Rebound it will. Drilling news must be imminent, it's been a longer than anticipated wait for that RNS and people lose patience but it will come. Remember WSBN often release intra day news.

Mostly buys today so far including a large one of 191k shares at 16.5p. Someone is confident.

Appreciate your honesty dude. Am always interested in others investment strategies here. Yours must have served you well if you consider 900k shares at around 11p (£99k) a small punt! All the best.

Itsyou i've been looking back at your posts. On the 20th May you posted this:

Thanks Trek,
I've got a lot of making up to do, having been a very early GGP holder. I'm too embarrassed to show what I sold them for!!! :-(

Deja Vu?

Itsyou just occurred to me, why are you selling so many shares now at the 16p level when you could have sold at the recent high of 20p or as recent as the beginning of this week when you could have got 18.5p?

Smont my thinking was the selling of placement shares would have held the sp back after the release of good news. If they have finished selling before the news then the sp is free to rise.

However seems 'itsyou' has torpedoed my assumption it was the placing shares being sold by owning up to being the seller.

A good late buy of 140k shares and when today's RNS is digested more buyers should be along tomorrow. GLA.