Member Info for jonesrichard

Potentially could see a new year high by the end of this week once approval is granted tomorrow as expected. The only this is you can't be certain until the actual votes are in but looking very positive at this point.

https://twitter.com/aim_gravy/status/1450056612404678656

"Imagine if #SO4 gets a strong funding

This one just happened on Friday...

ASX-listed BCI Minerals on Friday announced that it had secured A$740-million in debt funding for the development of its Mardie salt and potash project, in Western Australia https://miningweekly.com/print-version/bci-secures-debt-funding-for-mardie-2021-10-15

"SO4 is a Risk/Reward punt

A strong funding and this could fly back into double digits

35p to 2p drop

At times you have to take these type of punts. Can turn into 5 Bagger within days"

https://twitter.com/AfzalValli/status/1450035283735552003

Hopefully it’s just the start of the expected re rate here rodge! Seems like something may well have leaked for sure!

Obviously time will tell if the current buy price turns out to be cheap or not, if the finance is sorted soon as expected and the sp moves back to where it was a few months ago to over 40p then this is cheap but of course if it goes the other way not so much!

1.5bill MC within 5 years here sounds great but I agree that there would likely be a buy out well before then, let’s just hope it turns into a huge bidding war!

42p would be very nice short term for sure, guess the recent delays haven’t helped though as obviously delays equate to cash burn, would like to think that your £2.75/£3.20 sp prediction will come to fruition but need to get the project back on track before those sort of figures can even be thought about but nothing wrong with your optimistic outlook!

Obviously depends when they confirm that the funding is secured, obviously have been a few little blips recently which is to be expected with this type of project, would like to think that 25p + could be seen before EOY but obviously that all depends on progress!

Yes Quantum, how long before divi starts being paid do you think? Like you say worth holding long term here for maximum gains sp/mc wise and the divi payments also!

Indeed, just a matter of patience at this point

Yes, once funding is sorted then the 15p + top ups should prove to be the right course of action hopefully!

to the ASX trading suspension come 20th October? Trading has been suspended for a good few weeks now so they have had plenty of time to sort out the refinancing

Indeed, like you say this could 50 bag quite easily very quickly but also could be worth very little! High risk high reward for sure!

You could easily double or treble your money Bunsen overnight once the funding is confirmed, of the the negative posters will always try and scare holders saying they will end up with nothing, this is the kind of situation that them and their bosses live for! To be fair the outcome could be very poor from here, unlikely but you never know when it comes to AIM! On the plus side I’d the funding is secured under reasonable terms then 20p sp is back on the table straight away pretty much, it just comes down to which way you think things will go. GLA

https://www.miningweekly.com/print-version/bci-secures-debt-funding-for-mardie-2021-10-15

Don't think the sp would have gone up to almost 3p and finished 14.5% up if there was a lot of selling going on?

Avg vol (3-month) =1.4M
Avg vol (10-day) = 1.38M

Todays volume = 26,222,607

So a x 25 increase on recent daily trading volumes could either be a result of a leak with regards to positive refinancing? or something else?

https://hotcopper.com.au/threads/ann-request-for-voluntary-suspension.6304493/page-47

Indeed mannan, lets hope that financing confirmation isn't too far away as would like to think that all holders here can come out with at least a little profit this year!

To coincide with trading recommencing on the ASX exchange Sunday/Monday 1am UK time?