The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Well said Martyboy. Always be wary and never believe a Board is working in your best interests. Having been on a few, personal interests always outweigh. Also everyone should keep asking themselves why Shaun has not bought shares despite promising to do so at Town Hall. Don’t believe he has always been in a closed period; impossible. I did sell a lot at 35p so can’t complain but I have bought a large quantity again and will always be in my guard for the next unexpected twist. Sad part is that on AIM we will likely not see it coming but the lines of Wyloo will (positive or negative)!
Go ahead James as you are clearly in the majority camp here that filters anyone who doesn’t agree 100% with their view. BTW do you understand that he risks nothing of his own money with options!! Yes of course we will eventually get to 25p but I for one would rather get there sooner than later and avoid massive dilution by raising funds AGAIN (for whatever purpose) at a ridiculously low SP. If you don’t understand the sentiment (even if you personally feel differently) then you shouldn’t be investing. Bye
Your blind faith in SD is admirable Bamps but the evidence is clear that SD is not focused on the SP. IF he tries to enact all of this whilst there is nothing to re-rate the SP then the dilution potential is significantly greater than it should be. He won’t care as he owns very few shares and his options will still come into play. Don’t for one minute think because he does town halls that he will look after us over his insto mates. The MRE update is essential and he should go it alone if necessary
@timber trader I agree. The new holding (top hat) co will be where the shares go to and GGP will be trading conpany(ies). For example HAV could become a trading company in its own right to allow it to be stand alone and potentially sold
Another interesting point is that Shaun said this morning the prospectus would be in Jun quarter ie this current one and now he is coming end of May to explain the prospectus so I guess it will follow shortly after. He also said ASX would be very early Sep quarter so expect that to be July as the listing will be subject to the successful vote in June for the new structure and therefore meet compliance in Australia.
Downside is that we will be at the back end of share price news as Oz is ahead of us, but upside is that this will likely prevent the price manipulation everytime a good RNS is issued.
The shares will have to form the holding company else it would have no value. My presumption is that we will all hold shares in the top hat company and the subsidiaries will be trading companies
Expect big buys today and even a monster trade like last week. Shorts have rapidly closed in last week and today will be last opportunity of volume before the NEM decision on 11 May. Last week we saw multiple 1m trades marked as unknown and a 24m buy. Very similar in total to the change in shares on loan. I don’t expect SP to rise much as this is a managed exit
It is criminal that they were able to close that 24m on a special trade that couldn’t affect price! Today games again - bid showing at 7.8 yet I can get 8 for 200k. I don’t understand why the MMs need to play these games
Let’s not get ahead of ourselves James. The quarterly report and exploration update are two separate documents and the webcast is most likely only about the former. There is a remote possibility of the MRE update but imho I think it unlikely whist DD is ongoing
I am no expert but CTB isn’t your logic flawed? Surely averaging vertically isn’t the way to look at this. If that bonanza hit were to continue laterally at anything like that density and more importantly trending on an upward trajectory towards Telfer and Havieron, then we have something special. They will have known what they had when they extracted the core so likely moved rig pretty quickly to start again nearby
The amount at just under half percent is minimal as percentage of shares in issue, but it is large enough to have a big impact on this company by just selling a few hundred thousand each day and ensuring sentiment is affected. The evidence of this action is clear to see almost every day and spectacularly so when there is a good rise and they hammer it back down.
Fundamentals are great and we will eventually win out, but I don’t accept that the short has no effect
@newtothis I think you need to look at NCM and other miners’ share price in last few weeks and correlate with rise in POG. NCM price didn’t even get close to the offer price of NEM when it was made, it rose later with POG