Gizzard, as I tried to warn those chasing ETX earlier, look at it now mate. Woodford is distressed and far from done yet, if you run out of buyers there he is not going to slow down. He needs to offload and fast, some holders have bought on leverage to so as he keeps selling down they could get stopped out making it worse. As i said earlier I agree with your thoughts but beware of that elephant in the room everyone is trying to ignore
It's quite comical how overwhelmed some are with this news, the key pieces that show just how lost private investors is with the time line. This is under an Australian jurisdiction and they state very clearly in the MOD RNS of the steps involved especially that of which protect shareholders with this transaction.
Simon, you are bewildred and lost in MOD land. Chill out and do not forget the other assets, drill results soon. There is every chance we may have our very own T3 within KML, also the Thai resuslts are overdue
The other major point on ETX to be wary of Gizzard is Woodford may even shortsell as he knows his sells will drive it down any way. I could be wrong there but that is a lot of risk, don't get me wrong I do like etx but I would rather acknowldge the obvious elephant in the room
There is a distressed seller at ETX of which no one wants to acknowledge, he was at it yesterday and still has 38 million shares to sell - be careful of Woodford
Keith, they would be rubbing salt in Sprotts wounds, think about it. Would Sprott be happy with that? They also could cross the 30% threshold and make a bid for MTR and block the TO of MTRs piece
What is actually slipping away here is the opportunity on those that are fixated on MOD ONLY! KML, Thailand et all will take this to where you will get true market value. Sprott are experts in these fields hence expect them to buy on the open market today also
I think you are missing they overall picture here, you may want to look deeper at KML and the other projects. If a lithium find RNS lands people will be paying in excess of 5p here, smae goes for KML drill results should we strike similar to T3
Holdings RNS this morning. Allign Research adds 3.5 Million shares and the following comment:
As today's TR1 hopefully relays we are very confident in a deal conclusion. This is now our biggest position and we continue to influence re shareholders best interests here, namely avoidance of dilution in any deal and that the BoD has gone on record in confirming those on the table meet.
Mate, check out that Pathfinder Minerals RNS by INstitutional INvestor this morning
As today's TR1 hopefully relays we are very confident in a deal conclusion. This is now our biggest position and we continue to influence re shareholders best interests here, namely avoidance of dilution in any deal and that the BoD has gone on record in confirming those on the table meet.