Member Info for LeMajor

The MC will never be higher than total shares * mid-price because that is the definition.
The company valuation is a different animal altogether. It is generally higher than MC, and is determined by a buyer, so needs to be higher than mid-price, else shareholders would not be persuaded to sell. How much higher just depends of the buyers need to expand their product range which varies as much as a long piece of string. Still adding walue and will be for many months yet, but we could hit double digits well before bidding starts, but we now know GSK is a player.

The consolidation disguises that the "old money" high breached 9p, i think 9.5 but memory not what it was. So £4.50 should see almost everyone in the blue, but a good RNS could push us into the 8-10 range.

Easy: change £ sign to p (i.e. ÷ 100) and multiply by 2 so £2.48 becomes 2.48p x2 = 4.96.

Horse, for accuracy, are you saying they have 1m shares (worth almost £2.5m) or £1m of shares (i.e. about 400k shares). Also is there a register of directors shares? Would be interesting to keep track of who has what.

Now that we are into a new financial year, I suspect the II's will start to take up any slack, and maybe already have. I would not be surprised to see £5 breached before H2 (10p old money) although £6 is my hope having touched 9.5p not so long ago. If there is a fundraiser (CR) required then we could easily pop those cherries in short order as several II's will be eyeing up a slice of our cherry pie, and once bought will hold for a multi-bag way above £6, whether it takes 6 months or 6 years. shares will not be as obtainable in the future as they are now - if it were not so then the consolidation exercise would have been pointless.

Production is down a bit as expected at this time of year but world shortage of corn and sunflower oil is pushing up cpo prices. We are more profitable in the low season than we have been in many previous high seasons - yet the sp falls, madness!

....that does nobody any good.
With operational costs well under control, any increase in palm oil prices is profit, maybe five or six-fold profit margin. Hold tight.

Clive, I'd like to know what we're making from our oil production project. With PoO being high we should have made some profit - hopefully covering the Merlin costs. The rule of "fail fast" is keeping costs down but failing this often is chaffing a bit.

A week from now they will have side-core samples, and hopefully an indication of their juiciness - if it also says "flow testing started" we will go stratospheric. If the RNS is slow coming, it points to the latter - but if they decide not to flow test, they will want to get that news out of the way asap. Should start going up next week as train may be going too fast the week after.

Gas to be expected on N Slope. This guy would probably prefer Perrier water - probably best he sells up and goes to S****** (you know who).
What a bitter little lemon.

Impressed by the speed at which this RNS came out, if the BoD keep this up we should have more news by end of next week giving information we should have had a year ago but for Sods Law. No point chasing another rainbow yet but some folk never learn.

Consolidation is a marketing ploy. It does not affect the actual value of the company, it just affects the conceptual (virtual) value based on the cumulative sale price of individual shares. Any prospective buyer will want to know how well it fits into their product portfolio, how easily will it fit their marketing strategy, what synergies are possible, and how long will it take to become profitable. Finally what will it cost us at best or worst case to reach profitability? The SP is like a photo on the front of a restaurants menu - it says " you want me" now look inside to see what it will really cost. The Tox report (what we know of it) just says "keep watching" - the real news will come during negotiations, that is to say "when the BoD are good & ready. Until then, the powder is held in a dry place.

My own feeling is news could hit on Mon/Tues (if TD achieved over the weekend) - so expecting an accelerating curve from mid week. Now that the Yanks are in the mix we have 3 or more time zones. Not sure if Alaska is in a different zone to NYSE but last year news could only break in Oz and UK, now we have 3 options - so increased chance I'll be asleep.

Vikume? - volume!

Not today Josephine. Next Friday could bel an eyebrow lifter as we will probably hit total depth over the weekend - so best get in before Friday close as Monday may involve chasing a rising share and probably purchase limits on vikume too. With the Yanks following on from CoB in the UK, Monday opening in Oz could kick off a tsunami. Then again the time zone in Alaska may hold back an "official" RNS but leaks have a habit of seeping through the blanket - so an RNS could breach the 7am habit. Slow build to Wed, I suspect but beyond that, who knows.

Regardless of the stock, MMs make loads of dosh in a volatile market - so after a period of lacluster dormancy, they love to stir the pot. The ideal time to do this is an RNS. It does not matter if we go up or down as they make money on the spread, not on the sp. This will top-out by the weekend, then we may have a short stabilising era, then a slide prior to II's buying-in. How far we slide will depend on what the II's see as a good price. I have no idea what will happen over the next few weeks but IIs will probably have an investment budget for Q2, so they will hang back until their price gets triggered. I could imagine rising to 150-170p then falling back to 140-155p over the next 2-4 weeks and an II binge over the following 4 weeks (signalled/preceeded by a tree-shake as an extra incentive). Then again, I could be wrong.
Personally, I'm holding for a bigger prize maybe £14 (old 28p) or even £10. No point being a millionaire corpse. It woukd be daft to sell more than 10k shares at a time as it will supress the sp if too many had the same idea, best to spread it over a year and catch some further positive RNS's. With II's in the wings, there will be more (virtual) share certificates rolling off the printer, so further dilution is inevitable. IIs do not make money buying off the market, they get freshly minted shares at a discount. They are the Alpha Wolves in sheeps clothing.

Got interrupted by Tesco delivery, but cement should be set within next 24 hours, if not already. Then, maybe 10 days to Total Depth depending on rock and drill bits. If redness is a problem, pop a couple of anti-inflamatories, pain should ease as sp starts to rise with next RNS (Wed/Thu?).

Just like watching cement dry.

This sp will be subject to the FOMO effect next week. Hoping to see RNS to confirm resumption of drilling between 11pm Sunday and 11pm Wednesday.
https://youtu.be/ZcXpKiY2MXE

I have not known of a consolidation to improve the sp - imo it is purely a perception issue. Annoyingly, HL has wiped out the pre-consolidation history so Ive lost the detail from the last 8 years. I suppose that too plays to favour the big league brokers. Expected 15% dip and 20% at a push, but to dip below £1 after all that pain, suggests a clanger was dropped from some height. Recovery could be slower than expected now that trust in the BoD has been undermined. Having said that, the sub-£ dip probably will not register on the charts once a week has passed.