Member Info for JTS13

* we were 'not' wrong meant to type ;)

Think closer to 19.9p is support, with 23p being current ceiling... clear that and it's a gap up to 25.5 (far from specialist, but calling as I see it)

Re: Warrants, I don't understand why 0.42 warrants could further depress prices below 0.42... nobody would sell at a loss, esp' as Kev mentions that they were all informed of selling opportunity when it was north of 0.5p. There should not be any selling pressure here

Re: RNS. Hm, we were all speculating about Hansource selling out last year - as the share number was too coincidental to be much else. Turns out we were wrong.

Not surprised. Having done biz with Chinese for a decade - laws are one thing that they care little for!

Given update on 16th April, anticipate follow-up RNS this week on commissioning the new jig. Also, per experience with the crusher, we could anticipate a video being posted within 10 working days of the RNS visualising it in production.
Would be nice to have this SP pointing the right way again

I'm not seeing on HL, and no red dot on here...so just posting for benefit of others. Outcome of the early warrant options below...interestingly, whoever was holding the other 31 million didn't want to enter. Know I would if i was them.

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RNS Number : 3022X
AIM
29 April 2019

NOTICE

29/04/2019 - 08:00

The London Stock Exchange admits the following securities to trading on AIM:

ASCENT RESOURCES PLC
214,285,714 ORDINARY SHARES OF 0.2P EACH, FULLY PAID (BZ16J37)(GB00BZ16J374)

BRAVE BISON GROUP PLC
838,936 ORDINARY SHARES OF 0.1P EACH, FULLY PAID (BF8HJ77)(GB00BF8HJ774)

CROSSWORD CYBERSECURITY PLC
332 ORDINARY SHARES OF 5P EACH, FULLY PAID (BYX0M86)(GB00BPFJXS57)

EBIQUITY PLC
10,000 ORDINARY SHARES OF 25P EACH, FULLY PAID (0412605)(GB0004126057)

LOUNGERS PLC
92,500,000 ORDINARY SHARES OF 1 PENCE EACH FULLY PAID; (BH4JR00)(GB00BH4JR002)

NEKTAN PLC
62,952,395 ORDINARY SHARES OF 1P EACH FULLY PAID (DEPOSITORY INTEREST) (BRJ64Q1)(GI000A12CYF8)

REGENCY MINES PLC
21,240,000 ORDINARY SHARES OF 0.01P EACH, FULLY PAID (BYVT4J0)(GB00BYVT4J08)

TWO SHIELDS INVESTMENTS PLC
273,422,061 ORDINARY SHARES OF 0.1P EACH, FULLY PAID (BYQ5L25)(GB00BYQ5L258)

W RESOURCES PLC
201,571,429 ORDINARY SHARES OF 0.1P EACH, FULLY PAID (B0358H4)(GB00B0358H47)

If you have any queries or require further information, please contact Market
Operations on 020 7797 4310.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)

Nope, Blackrock sold their final 40mill tranch end of last week. What we've got at the moment is a natural retrace after a 20%+ rise. We've been testing the new floor and (hopefully) will use this as platform for new rise into the new week

Having BR sold out, and also confirmed that our covenants are good for the next few years, it's just a matter of holding out until the proper rerate. As per latest reviews: "the worst is over".

Personally, I expect mid-late May to be key. The big diamonds are scheduled for sale during the mid-May tender. Assuming that they're sold and we get an announcement of how much they go for (regardless of whether it's immediate cash injection or not), this should present the final injection for northward movement.

Short of unforeseen negative news, am confident PDL is a keeper for the next couple of years

Agreed, given our hedging programme, would of been happy even at $65... performance this past month must have been excellent and far beyond expectation!

Not to mention that oil is still $3 HIGHER than where it was last time we were sub-97!

104, 101, & 99 all destroyed in a single day... and down we go to test 97 (historically week, but significant threshold when we were trying to climb at beginning of the month. Let's see if that can hold this time.

Put this into a perspective of 3 weeks, and this drop is because (a) oil price has risen 5%, and (ii) zama produced remarkable results.... wait a minute. So why are we down again???

Soul destroying to be down thousands for no reason. Even when we do rise, it's really difficult to sell any because all logic puts this SP much higher than when it is.

Can see a lot of people holding for the May trading update (which everybody knows is going to be good) and then just selling out in frustration. GS is a pain in the ass

GS obv shorted a load from 1.10 downwards, and were still shorting at around 104. Earlier this week, they seemed content to fling between 99.5-104-ish.... let's hope that they buy in again at todays' lows, pop an RNS out on Monday and then we go back to 1.10 early next week

Would be better to hope that GS just never reappear and we could actually be valued at fair market... but we all know that's not going to happen any time soon!

All good @safety

Have a good night

Um, wish we reacted to POO red... we're climbing at half the rate of poo this week :(

Generally agreed with overall debt though discussion. And Re: second house example, it's literally real estate. 2008 gave a pretty clear message on the damage that too much debt can do lol

Would settle gladly at 3p this year... TBH, target for end of this year is to clear 0.9 (lol, where I initially started buying)

Hope it's true GIT - though unfortunately I've got a max time limit here of 2.5 years from now. We've all got reasons for investing - for some its' mortgage payoff, others a kids wedding, whatever. Having waited nigh on 6 years (averaging down) and still staying in the red... Yeh, this really does make me nervous. Am usually fairly reserved in forward forecasts, but this... hm, nuff said.

@safety, I'm assuming that the "rig" part is towards Tungder? Unless this stems back even further, first mention of rigs was otherwise your comment that we don't need them. We certainly don't need "rigs", but the DC & RC drilling which we do (see Twitter pics on 1st April) combined with lab analysis etc does cost a fair penny.

Min' target of 2p by Dec 2021 still stands

Perhaps misunderstanding...but replying as that "there is no drilling" seems to be direct towards me.

There is a hell of a lot of drilling!!! Waaaay too much drilling! RNS on 18th March is all about how we're drilling at 3 sites....when my entire point is that we should just be focusing on one of these - Regua

1million barrels a day taken off:
https://uk.reuters.com/article/russia-oil-exports/update-1-germany-poland-halt-oil-imports-via-russian-pipeline-over-quality-concerns-idUKL5N2270WR

Perhaps this has been the push to get oil over $75. Short lived, as Russians say it'll be fixed by end of the week. However, the fact it's only having a few cents push on oil is cause "analysts" these days are only concerned with US, or exports to US. Reality in global markets don't seem to matter much

And of course - none of this has any impact on PMO...

Perhaps we should transfer HQ and main listing to US. Maybe SP would be 5x higher about 6 months from now???

Lovin the comment: "What about production news rather than a holiday snap". I completely agree!

Have been really battling out about these past couple of RNS's. The 0.42 warrant gave us a huge problem with 3m seller which dragged us down for months. We've just doubled up the problem, but at 0.6 threshold. Are we going to have another 20 months before we can get these stupid warrants out of the way?

How could MM be so stupid? I don't think he is... so been trying to work out why.

If - as most people suggest - WRES was just short of cash (which I can't see any logical explanation for given LP and Reg), MM would have been much better to have made a placing at 0.3 or something stupid. It'd damage the SP for a couple of months - but then we'd be on our way again.

Doubling up on warrants at such a low premium to a SP expecting to rocket has got to be one of the most damaging things he could do. So why?
My guess is that it's cause of the gold or Tarouca. That he wants more drilling and work done on this. Early stage projects always deplete cash... i.e. knowing that there is more development cost downroad, he's essentially "brought forward" placings, and using LP to subsidise development of other projects. It's the only financial reason which I can really think of which has a degree of logic (although I personally hate it - and am very tempted to sell out cause of it!)

Best thing we could do with both of these is to leave them in the ground for another 24 months. Get some cash in, and then decide what to do then. Spin off the gold and develop more tungsten

Still annoyed by this. Comes across as terrible mgt and poor financial stewardship.... probs somebody else has posted already. Have been too frustrated to read much on here past few days

My concern is 'how much more they going to continue to sell?'

TBH Always found Jaf helped to bring a more balanced perspective to the board. Not that messages have been rosy, but it is pretty normal for shareholders in a stock to paint an overly pretty picture. Having the regular criticisms / questions can be healthy... I've had no problem with that. The problem comes when others react sourly and folks start winding each other at.

Want to see whether or not Jaf has been neutral, just take a peak at ADVFN. He's arguably one of the main advocates of WRES there!

Some messages on here should be rebuffed. e.g. the regular ebitda claims are almost double what's stated in the investor ppts.

@Jaf, really leaving or going to do a 'May' and find yourself getting stuck opening the door? (tangent: but that was funny!) Your call. Either way, take the long weekend to think objectively about it - and possibly the timing. e.g. we just slumped 30% in a week. Good time to exit? Or we got further to drop to match warrant pricing? Much to ponder over

I've also been here since 2013. Royally ticked that my average is back to negative. However, can see a sliver of light at end of the tunnel - mostly dampened by the crappy 2020 warrant renewal. But there goes

1)
Yes, agreed that getting warrants out of the way is a good thing. Problem is that we didn't - we doubled them!

Personally, I'd rather have 5% or whatever dilution in June and then multi-bag before end of the year. The problem with this is that it (a) raises into question how much we're going to rise not only this year, but next year also, then (ii) provides a further reason for onlookers not to invest.
The Milton placing was a joke, and given that we're so close to production, this one is a serious slap in the face.

If MM really wants to spend the money on other projects. He should release an RNS about some of these other projects - not just ones telling us how much money we're soaking through. We've been waiting on Regua FID and Glod Jorc update for ages now. Both long overdue...the glod update by over a year!

Over a year ago, we were all expecting a "bonus" via the spin off of the glod. That got delayed, and then never happened as Blackrock apparently asked for it to be kept in for leverage. We've always known its big (ever since the skyscraper sized glod stack about 2 years back).

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2)
Re: Justine. Ya think!? A few others kinda have the same view, hence SP drop!

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3)
OMR: Lucky thing. Genuinely jealous of the timing. Well done!