Member Info for LewisXT

Any thoughts on why the share price hasn’t tanked further? It’s stayed around £18m market cap for quite a while now, yet as we approach deadlines I thought there would be more movement. I guess people are hoovering up the LTH’s shares hoping for good news.
P.S; I was at The Shard, Morocco, and the Gherkin.

I hope we’ll have had substantial news flow by September... So I think c.£1 is possible, as the farm out RNS could see us at 25p! IMO.

£1 says we finish blue!

Indeed, I imagine most people here are loaded to their max and now just await the RNS, as you say.

This is my core holding share, I've been in for a few years now. I imagine for us to see real gains it will be 2022 when the final Ascendant payment is made.
Let's not try and rush it now though, or it sounds like a dodgy pump and dump (remember 18p a few years ago?). The fundamentals here are amazing and speak for themselves - but just have patience.
Best,
Lewis

Good morning all.
No RNS today, so a bit more time for people to get in. I’m looking forward to seeing the RNS email when it does happen! I’m at 400k shares now, and that’s enough for me..

Morning all,
Buy prices yesterday afternoon were 10.9p (16.09) and are around that now (10.9p at 09.07).
So the rise shown, is artificial, based on the strange UT of 9p - which doesn't make any sense. I thought my holding had gone up when I got the 'rise' email through this morning!!
I'm heavy in this, but as many have said - as a long term play. I think JV is brilliant and look forward to the future here.

It’s great to see everything coming together. I’m looking forward to see what we open at; I expect we will test 11s. It’s going to be a good ride. That’s being said, I’m not in a rush, and would prefer everything done properly. Which it sounds like it is.

Good morning,
I used to have L2 but dropped it about 18 months ago. I'd quite like to revisit it, especially from a Char perspective. I know they do it here (LSE), but doe anyone have a recommendation?
Best,
Lewis

MM is a market maker. They enable trades to happen. Where a share has less volume (here for instance) the spread (which is the difference between the buy and sell price) can be rather large. You can seen around 30% on some AIM minnows with rare trades.
This is important as, if you're a trader you need to factor in the spread to your portfolio (it will show as down by XX% as soon as you buy due to the selling price being that much lower). In the main market, with their much higher market cap companies (market capitalisation is total outstanding shares x share price), huge trade volume, and many multiple MMs supporting the trading, the spread is much lower. By way of example, Lloyds' spread is currently 0.07%.
Back to large spreads; these are set by the market makers and sometimes annoy us as they are false (if you try and sell your shares they could be higher than the sell price reported by the spread and vice versa with buy), many believe this is a tactic by the MMs to either attract buying/reduce selling or again vice versa. It's worth noting that, as you probably know, the reported price on LSE is 15mins behind - so sometimes it's that that cause the confusion too (as it may have dropped/increased during the intervening period).
Best,
Lewis

Professional; suggest you re-read the Chariot RNS on 22 February 2021
Best,
Lewis

Thanks Wiggly and Solid, appreciated. I've been here now for just over a year. So I feel like a LTH but I know I'm not from reading some of the other posts!

Afternoon all. Good day here!

Current market cap is c.£40m, which screams low considering the potential here. I think back to Sound, which was worth £1,000m at one point - and that was pretty much based just on hype, so I'm happy with the more conservative approach and the tangibility here.
Anyway, back in 2010 when this hit £2, can anyone confirm the rough Market Cap? I imagine there has been issues etc since then which have diluted the outstanding shares somewhat.
Best,
Lewis

Yes LegalWolf, that's the impression I got. I look forward to hearing the news when it comes...

So many more buys than sells?......

I'm not worried about short term SP, as I feel this has the potential to be a game changer on news. Thoroughly understand why some would be leaving though, it's terrible PR to promise imminent news and then not deliver 'imminently'. That being said, I imagine many will be happy to pick up cheap shares and await the explosive news, when it does arrive IMO.

SP is holding well with no news. I really hope we get something very soon though. I would like more detail about the data room; types of companies in there for instance (local, mid-tiers, multi-nats?)

I preferred it when it was quiet here :(

Thanks for sharing.

What are people’s views on this? I’ve had a cursory look on my phone whilst walking and it doesn’t seem to have timelines in place? Which I always like to see...

I can't wait for these new numpties to disappear - oh my life they are annoying!

I think we will be back to normal here soon and a little bit quiet. None of us LTH are holding out for 30p, we want something more - but are fully aware that the timescales here are rather long. I'm happily tied into this for the next couple of years at least, but I think by 2023 we will be in a different place with LS potentially sold, FAR news, and the gold companies' shares flying due to production increases.