Member Info for knee

Seems to be little interest either way.

It could gap up or gap down as it does not appear to be too SP stable.

If JP Morgan were the institution they could have on sold to/transferred to 4 separate, legally remote, unconnected investment funds. That would avoid the need for TR1s.
Who was the broker to the placement? That may give us a clue to the buyers identity/identities.
Shorting 10% of the market cap may explain the massive SP drop post but that would be very risky strategy for an investor(s) putting £2million up front , especially if they have to mark to market their investments.

A company can only RNS when it receives a TR1. In theory the institutional investor should submit the TR1 to the company. In theory the buyer could have split the 10% into separate legal entities where they are all below the 3% disclosure threshold. Maybe the institutional investor has sold enough shares to be below the 3% reporting threshold.

It gapped down 10% on moderately bad news. There has been little trading today in market cap terms. Could spring back in a few days after next RNS.

I doubt that Amur will ever mine anything. They seem to avoid anything other than exploring.

Delay in new plant will knock the SP

Still moving in the right direction.

History repeats........

SP down 10% on the back of selling £10000 worth of shares tells you more about illiquidity than value IMO

I am not clear on what you rely on for suggesting it is overpriced. There are many mining projects without the full suite of permits and licences. These may often be in parts of Africa where laws are often untested via local and international courts. South Korea is a very developed country , investment grade with a mining heritage. Maybe you should ponder what the SP will be once the permits etc are obtained. In addition once all is in place a mine re-opening will cost at least 50% less than sinking a new mine.

The losses mentioned in the RNS.

The losses mentioned in the RNS.

The proceeds of the last fund raise in April will cover most of the expected losses for this year or will they have to raise more money?

RG lives in Jersey, same location as JOG?

I imagine he invested the proceeds of his paper round earnings of the 70s

Which other O&G companies is RG invested in? Anyone know?

Trading at cash value or less. The proven 25 million bls (minimum) discovery, a large seismic acquisition programme being interpreted and the next licensing round results due shortly all given zero value. It looks more likely to go up 30p than down 30p

You may be right but which SP will be hit first 1p or 2p?

massive selling...….must suggest something