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30,000 shares of additional sell volume per day is negligible and won't be a significant burden on any potential share price moves if the company continues to deliver on production and vanadium prices stay high - it's far less than 1% of daily volume. If all of the shares landed at once then it would be far more of an issue.

The shares won't be admitted to the market for a few days. The RNS suggests that this will be the 8th February.

Yes - the price will likely drop to the level of the placing because of people flipping their existing holdings for a quick profit.

Evan3020, they'll go into your trading account, then you can transfer them to your ISA. You need to pay via debit card, PrimaryBid can't access funds that are with your broker.

I'm glad someone gets it Insertwittyname, seems that other posters would prefer to bury their head in the sand and pretend it's a 20g/t mine based on a gold concentrate result.

Regarding sample size, it's mentioned that it's at bench-scale in a laboratory, so I highly doubt it's a tonne of material. It will have been closer to 1kg than 1000kg.

The grades quoted in drill results are the grades within those quartz veins, i.e. when mineralisation has been hit, so the host rock is already excluded. You're right in the sense that there can be a lot of variation between different grades, but it's illogical to think that a series of 0.5-1.5 g/t quartz veins suddenly become 20 g/t when taking a bulk sample.

The 20.7 g/t refers specifically to a concentrated product at the end of a process designed to extract gold from the input sample, which is obviously going to be a lower concentration.

Indeed Pecten11, much easier to ignore all of the drill results so far and assume an average grade of 20.7 g/t in-situ... can't blame the company at all either, the RNS was as clear as possible about it being a concentrated end-product.

@Jeremiah99 that's not what I'm saying I'm afraid. The process that the material from the mine was put through in the lab involves extracting as much gold as possible from the sample, which results in a more concentrated end product. The grade of the input material is unknown, but will be significantly less than 20 g/t - otherwise the concentration process hasn't worked very well. 20 g/t is the concentration of the concentrate, not the input material. It is not representative of the mine grade.

Drill results are still the best indication of the in-situ grade. All the mentions of today's results being grade assays are nonsense - the word assay doesn't appear anywhere in the RNS, and it's very clear that they're testing the pilot plant process.

They didn't send it off for grade assaying, they sent it off to validate their process flowsheet to prove that their pilot plant has a valid process. The END PRODUCT of this process was a gold concentrate of 20.7 g/t. The input material (ore from the mine) is significantly lower concentration.

A lot of people not understanding today's RNS and confusing the concentration of the processed, concentrated product as in-situ mine grade. Gold ore is processed into gold concentrate at an early stage to save costs further down the line in terms of material transport. The end-product of this processing was 20.7g/t, not the material that was initially sent. The drill results are still the best indicators of in-situ grade.

That being said, it's still good news and bodes well for the bulk sample processing, but the comparisons of 20 g/t with in-situ grades of other mines are misleading.

Very hard to buy on the drop but could sell every time. Averaged down nicely.

Negotiated trade - means there isn't stock available to buy in this instance. Conversely there's no one to buy your stock if you're getting NT trying to sell.

Its done based on the displayed bid / ask. Nothing more. I would not get worked up what colour the trades are - dont think it has any effect on what way the sp goes...

Agreed looks cheap - taken some today. Aim to scale in further profits from elsewhere over time.

I'm just amassing my stake here so I don't really agree with the initial thread. A lot of contradiction in the over statement. This is the time to buy when the stock price is suppressed due to selling pressure and lack of recent communication. Buy low sell high. Don't buy high...I've been in AVCT from 15.4p well before any Covid related announcement so am more than comfortable holding a position that isnt be showered in updates.

Very easy to spot who's selling this morning - you just have to look at the horrible odd number of shares 95% of trades have been at so far...

looks like the opportunity is gone now....ask rising nicely.

can buy or sell as much as i want - spread is 0.1 narrower each way. All trades showing are buys FYI.

"Next year" and no.

Agreed, very useful, thank you. I am slightly under researched here but took a healthy chunk at 51.5p few weeks back. Took some more 5p later when some more cash freed up. JSE very much under the radar at the moment but I'm sure results will put this on the radar of many. Got to remember they are still looking for inorganic growth as set out in their Divi declaration RNS. We know how the market reacts to value accretive deals when their least expected.

Very quiet on this board. Expecting things to liven up a bit given the cash generation and potential growth opportunities JSE could get involved in given their strong balance sheet. Anyone got any ideas what we might see next?