Member Info for Lamps56

I don’t accept that. All I hear is hard work, commitment, good housekeeping and optimism. No material progress sine Dennis left and actually nothing new. Deja Vu. Bailing out once again, so lost a bit more on this one, but not returning until there is something that will move the dial. GLA.

P.S. and compared to DE, RJ ia a hard listen.

Well Bumpi, I was hoping for that as well, but all indicators are negative. Looks like it will be just RJ hearing himself talk.

Que?

How can this possible be red at close of play? By any metric.

Series 3

Please explain Smkr. Anything to do with Cumberland Pork sausages, which are my personal favourite? We have half an hour.

Somebody dumping - panics the herd. The SP rise was quite modest this morning in relation to the very positive news and early Buys. Didn’t take much to put the brakes on on.

With the exception of the first tranche, which is subject to a 90-day share price vesting hurdle of 2p per share, the premium at which the exercise price of each Option has been set was determined by reference to the closing mid-market price of 1.15 pence per Ordinary Share on 27 April 2026, being the date prior to the grant of the Options.

No need to get shirty Basher. Step back a bit.

- RNS issued Monday morning - very unusual.

- Jennings and co. are old hands and would certainly have known that with all the high expectation that the Monday RNS would be a dampener. It sure was for me.

- Director share options RNS issued the following morning, but no doubt agreed some time ago.

- Anticipated SP as a baseline for share options?? 1.0?

- Share price higher than expected - if the SP had followed the previous week’s trajectory it could well have been 1.4/1.5.

- Director incentive plan compromised. What to do?

Just a thought. No further comment.

So if one of them is really close, the previous RNS was misrepresenting the situation. As per my previous posts, the timing of that RNS was a handbrake on the SP.

Yep, we wouldn’t want the SP to get too high. Might have tempted some of us to cut our losses and offset the cost of the summer hols, rather than hanging in there until the placing and dilution. Those in the know will increase their shareholding in the meantime, until the inevitable brown envelope breaks the impasse on 2A, and we creep up a few points to where we were a month ago. Except that doesn’t matter too much when your shareholding has jumped substantially and you are set up for the long term. Destiny is all.

I think there are a lot of cup half full comments here. There was no need for that operatinal update at first light on a Monday. Aother few days of trading at least would have continued the momentum that we have seen for the past few weeks. But the notice had the (possibly desired) effect of driving the SP down to a (possibly planned) placing price. And that has where it has sat for a few hours now.

BTW, hats off to the weasle wording on how a 'fixer' has been appointed to clear the path to the 2A license. Wonder why that was necessary eh?

Gmed - I wouldn’t put it past him.

What a crock. Total waffle. He knew the effect this would have on a market that was looking for positives. And why release on a Monday morning? Better to have said nothing and at least hope for a continuing uplift. Who gives a monkey’s about a sacrificial salary cut? As for charity donations, that is just taking the p*ss. The concrete pad was indeed for a khazi.

Well this is really encouraging. But calm down. First of all, RNSs do not come on a Monday morning, at least in my experience. But the good news is surely on the way, and when it lands the traders who are churning this may lose out. Nothing against taking profits, but mine are a little more ambitious.

Chartism (?) doesn’t really work for these small volumes, so I don’t take much notice of that blather.. But you can’t ignore a 40 rise on a Friday can you?

The other anomaly today is that this site has been showing 2 x RNS rather than the (rather routine) one showing the confirmation of board appointment. It would be unusual to see a significant RNS first thing on a Monday, so don’t get too excited folks. But even so, I can’t fathom the big rise today.

‘maximisation of value realisation’. Is that the new corporate speak for turning a buck? I hope that is what they are going to do, but I am sceptical about the credentials of the acting CEO. Does a major shareholding qualify somebody to run a mining operation? Whenever I see the name I think of Align ‘conviction’ recommendations, which have lost me a lot of money. Let’s hope for the best.

Always encouraging to see insider bulk buys. If a few more appear then I’ll be raiding the piggy bank.

Possibly the increase in pre-tax losses giving a few people the jitters (pretax loss in six months to December 31 widens to GBP763,000 from GBP555,000 a year prior) but that needs to be put into context i.e. the investment in production capability. Again, the overall dump is not large in relation to the shares in issue, and the SP volatility is nuts when you consider how well established the mining operation is. In my view the blip is caused by the expectation of ‘transformational’ news around the time of the placing. Some folks got fed up waiting. Patience will reward.