Member Info for LUCAN

Big buy late, possibly some of the short being clawed back.
They will be back on Monday unless there's news.

this is not an investor selling because he/she has lost faith.
It's a bear raid, just look at the pattern of selling, intended to cause maximum damage.
Of course SAR is vulnerable because of the handback, that's the point.

Serious selling this morning, seems to be intended to push the price down.

One thing is clear following today's news. We would have heard from Thoth2 if he was in a position to communicate. Whatever the problem is, I hope it is in course of solution. We miss him.

Looks like someone bought two lots of 3750 just after 08.17 today, paying 203.40, and sold them again at 10.41 for 221.60, yielding a profit before charges of about 1,400. Would pay for a good lunch I suppose.

Give it a rest, will you?

Somebody is buying this morning, up to 4p.
Just as well, or would be through the floor.

Supposing the Rambler board threw in the towel, and put the mine and all associated facilities up for auction to the highest bidder? Would it yield more than the current valuation of c. 7m?
Presumably they would have to repay NewGen as a first charge on the proceeds.

There's nothing here now but green boxes, apart from Fuku and one or two more.
Talk about a death spiral!

The transactions published this morning are for small money. Judging by the SP increase, there may be other deals as yet unpublished.

Looks like the sellers are expecting a placing or equivalent under 6p.

Thank you for your careful and interesting analysis. For me, the most worrying aspect of the RNS was the stated need for 'reduction of current operational accounts payable balances back to current terms'. This surely indicates that bills are currently not being paid when due; and that must surely mean that the mine is NOT cash flow positive at present, whatever your model may suggest. (It is also a recipe for disaster, as suppliers will not tolerate delayed payments indefinitely).
I can see no resolution of the difficulties here without a very substantial equity raise, at a discount to the current SP. Unfortunately that is a moving target, dropping day by day, and is likely to continue so until we have some clarity.

126k sell first thing, just posted.
Explains the weakness all day.

Whatever happened to the coal deposits? Surely they have some value now?

'Additionally it now seems you can identify who will get Alzheimers at least 10 years before any symptoms' --
Can you give references for this?
(Not that I really want to know, but even so ...)

Bit naive of BOD to say they know of no company-specific reason, when they must know a major shareholder is selling out at fire-sale prices. Is that not a company-specific reason?
Anyone know how much more they have to sell?

Forgive my ignorance, but what has Rockhopper to do with Barryroe or Lansdowne?

Expansion plans costed at $150 million.
Current MCAP circa $100 million.
Dream on.

Relax. Thou dost protest too much.

What has happened to Hydrogen? All his posts seem to have vanished. Is he a nonperson now? If so, why?