Member Info for london_

They cannot raise again without a shareholder vote?

The MM's are having fun with the spread also. 7% spread yesterday. 3% right now.

I'd be hoping for a push to 2p, based purely on ML and financing being announced (just through excitement), with a drop back off. And then if/when it gets into production (based on the figures), maybe 3-5p?

If the ML is to be awarded shortly, we can pretty much say that it IS going to happen. Is that factored into the current SP?

Will there be a release of information estimating the value of the gas in the ground?

Talk of how this goes to production?

The share price just will not budge and stick at the moment. I thought Wednesday's RNS might have seen this reach a new level above 1p, but not as of yet.

So the news to be waiting on, that will hopefully send this North is:

1) Official confirmation of ML. Hopefully a look at financials of the project at that point.

2) News of how Rukwa will get into production.

3) Moving towards production in Colorado.

Those news SHOULD see this price move well above 1p. Let's see.

Do we think that today's announcement (and the EBT) is a sign that the next major announcement for Rukwa will be happening sooner rather than later? Has most of the hard work been done (conversations, legal etc.)?

Not even half way through the trading day and the total volume traded is not far off the two biggest days of trading in the past 3 months,

That would make sense CP. Keep the cash reserves as high as possible. Hopefully some sort of JV/credit deal is looming for Rukwa.

I'm suprised the trolls haven't been out in force with this RNS though (it's awfully quiet, has there been a mass ban or exodus)?

So was the resolution in regards to being able to issue more shares voted for or against at the AGM?

There was a day a couple of weeks ago that had far bigger purchases than this in the last half day of trading also. Don't get too excited (I did the other week haha)

As much as I'd love for this to explode, I feel it's just the MM's playing around. We've been at a penny about a month ago and a few days of large trades going through. There doesn't seem to be too much going through today.

What's happened? The BB is quiet. It's refreshing.

Great news.

Convenient it's on the same day as the conference. I wonder if that's why someone's been loading up recently?

Just the details of the split/partner and plant production now.

What was it saying before?

Was it recommended?

Since the flurry of big trades at the end of last week, things have slowed down on here - lots of smaller trades close to the mid price (often showing as sells).

I haven't seen big buys like this coming through for a long time. Is someone just merely taking advantage of the lower price?

There's been a few big chunks going through since late yesterday. That's another 5 mill, on top of the 5 mill yesterday, and the multiple 1's and 2's.

23 million shares bought in 12 trades in the final 30 mins of trading.

Let's see how we open tomorrow

5 millions

2 millions

3 millions

1 millions

That's a bunch of chunky buys

Over 10 million shares purchased in the last hour there.