Member Info for JPP8788

I agree, watched the interview twice now. He does seem to tell us quite clearly what he know today - and the share price is nearly another 40% down from point the interview was made! The market is clearly spooked - for me it's very binary.

If the Force Majeure is enforceable, the company has six months (five remanining) to install the hydrosizer, UV sorters, and fix the bearings., putting the mine at 50% capacity immediately.. and potentially even look at other offtake/JV options in the meantime if CanMax can't be pacified in the interim.

If the FM is unenforceable, then things get messy and time becomes much less of a commodity.

All very interesting, but, for me... we are in the same position we were two days ago, and the SP is now a 1/4 what it was only a three weeks or so ago - £150m or so blown off the mcap!

Overreaction in my opinion - but who knows.

Positive RNS' in the coming days related to the hydrosizer, UV sorters, annual accounts, etc etc... the upside here is now too large to ignore.

Said on the 26th June that he feels he may have to be more aggressive with looking at other options.

Very clear he didn't expect CanMax to play fair.

I agree, GR sounded quite clear about his CanMax relationship - he made clear he wanted to keep them as a partner, but would not be strongarmed into a deal that wasn't in the shareholders., and didn't seem overly fussed discussing the matter - his body language was quite telling.. he didn't seem particularly flustered. I think he knows that CanMax were becoming difficult, and didn't like the FM being issued.

Also commented that Stark are running the plant, and must do so until the plant runs at a required output levels.

By the way, on the FM, GR said in the StockBox interview that they had seeked legal advice from two sets of attorneys in USA & Canada who both believe a legally enforceable FM has existed since May.

I'm in at these levels - don't forget we also have the yearly accounts expected to be posted by Friday.

A bit more DD required for me this morning, but on the face of it, buying at 1.3p and joining the placees seems like a decent risk/reward strategy

Oversold at this level imho - more like 1.8p fair value from what I can see with the level of dilution.

The circular is on the website.

Just been clearing out my drawers and found two share certificates from the good old days of the Tiziana/Accustem split.

I have a certificate from link group for 1158 shares in Accustem Sciences Limited, and a certificate from Accustem themselves for 57 "book entry" shares.

I think I'm right in saying the only shares with any value are the shares in ACUT? And given that 58 shares is worth about £70, it's hardly worth going through the hassle of getting them into my portfolio.

Can anyone shed any light? It's been a long time.

Are you on drugs?

1000th of the price from 4 months ago!?

It was about 0.12p... meaning it's 1/3 of the price it was then ...

How did you work out 1000 times less?

Hope there's a few of you celebrating tonight - 150p for me would represent fair value based on no further news.

75p hasn't even come close to tempting me (which is rare for me at 120% up)

For clarity, magmanus did call it around the 30p mark.

However they also called it at every stage before then too... As it dropped from the low 100's to 30.

Magnamus, what's your current average SP?

Looks very strong now at 50p

Wouldn't have thought we'll see sub-50 again now.

GL all

At the all the posts from last Friday when the share price was 60-70p .. the sentiment was much the same.. undervalued and due a reversal.

This could catch fire rapidly.

It "feels" like a big rise is coming, just like in Echo a few days ago

When the herd arrive they tend to arrive in their droves...

Diamond hands and all that - but 40p ish represents a massive discount still.

Anyone that got this at 29p yesterday could be looking at life changing gains.

Pretty good price that, given we know LO are out (or are very likely to in a few hours)

42/41 open

Well I think you're right - so that blows my theory out of the water... Still, a similar situation to Vedanta.

If anyone has a spare ten minutes, have a look what Agarwal did with Vedanta in 2018. At that time he was a majority shareholder (just over 50%), and his associates owned another 15%.

In 2018 he made an offer of 825p to take the company private (around a 14% premium to the trailing 3 month average). At the time, this was met with disdain by shareholders who thought the true value of the company was much more. Plenty of forums and message boards at the time reported that if the buyout wasn't approved at the EGM, Agarwal would just delist the company instead.

That sale went through, and here we are 5 years later in a VERY similar situation.

Except it looks like Agarwal has been a bit more intelligent - by threatening a delisting (which would happen anyway if he wanted a takeover), he would have been fully aware of the impact on the SP due to II's being unable to hold, and PI's panic selling.

Agarwal could now, at any point, make a cash offer to share sweep to take 100% control.

And then what - well... I'm not sure what the market rules are, but I would assume he would need majority of the remaining 18% shareholders to approve. So he comes out and offers 100p ... Who isn't going to accept that when the alternative is far, far more uncertain.

Also, Agarwal has been very vocal in the past about his dislike for the London markets due to undervaluing companies in comparison to stocks in other countries. Maybe he's now using this to his advantage?

I don't think this story has even started yet.

Positive trading today for the first time since the news. The bid price slowly ticked up throughout the day suggesting shares were in short supply.

This has the potential to do an ECHO...

I've spent a large part of today doing a fair amount of DD - I only posted for transparency.

You're free to read and disregard my posts as you feel necessary - it won't change my outlook and I won't lose any sleep over you wanting me to lose money.

We're all in this game to make a profit.

0.29 looked like the bottom, got in just above that.

Too much upside here now - ECHO showed what happens when large sellers are out. This will turn and this will 2/3 bag over the coming month - potentially far more if you factor in any positive news surrounding dividend.

Anil clearly has a plan - I wondered earlier if he could attempt to buy out the remaining 15% and take the company private.

Lots of risk here clearly, but the potential to multibag isn't something you often see with a company like this - hugely profitable with year on year growth.

Good luck anyway - whatever you all decide to do!