Member Info for ma5k

Agreed - I think the dip in SP here was probably nothing to do with FCR but rather just the accumulation of small sells over several days - amazes me that people would sell at this stage!

Thanks for clarifying that! :-)

Are you referring to the placing announced on the 8th Sept?! http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FCR&ArticleCode=poxg6iby&ArticleHeadline=Completion_of_Fundraising

>> fundraiser announced yesterday u696061? Source please?

Sorry but the idea that 'mafl will gain near 100% of any LS sale' seems ludicrous... this project belongs to TH Crestgate, in which we have a significant stake but it is nevertheless theirs. It is clearly in MAFL's interest to fund the drill program so that we can realise a return on our investment, but what incentive would THC have to even get out of bed if they were to give away their share of the prize?! With potentially $2Billion in the ground 49% of the proceeds should be more than enough! MAFL doesn't need ramping - anyone who takes more than a very superficial look will see what is on offer here! IMHO, DYOR, GLA etc etc

I suspect we've already lost most of those who would panic sell below the current SP and most shares are now held by LTHs who know what's coming here and are not prepared to miss out... While there is extremely low volume on a daily basis I imagine the SP will nevertheless hold strongly at this level and even beyond the next news as the end-game enters sight! GLA

Thanks nomlungu - assuming the date of the transaction was not long before the NAV uodate the SP at that point was hopefully no more than 0.2p... still a significant loss but nothing like as bad as it could have been considering the FCR sp history! At less than 2% of MAFL mCap it surely pales into insignificance - particularly once LS is realised! :-)

SP here seems to be holding steady at this level and I'm optimistic in the run up to the fourth drill results which should hopefully be with is in a couple of weeks! :-)

Not sure when MAFL acquired their stake in FCR but the SP there has been in decline for many years (it's fallen from a high of nearly 19p in 2011 to around 0.1p now)... It rose by more than 20% on news this morning but has fallen back to -5% on yesterdays price (sound familiar?!). Not to worry, like you say our investment there is very small and there are much bigger fish to fry! :-)

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stevethebroker "I know the company are very close with companies like Intel" Hi Steve - what's the source of that info please? Thanks ~M

PS - imho, dyor etc of course!! ;-)

John Looks like 150 has been broken - all depends how quickly they get news out now I guess... if they're quick it might prevent bloodshed but if it's later in the month I can see this re-testing 100p before then. Until the recent peak there wasn't enough data to do reliable technical analysis but now that a channel has been established I'm pretty confident future volatility will remain within these boundaries until news (see chart in previous post). Best of luck in your trading

I've had no probs topping up (IG)!

Do you not expect it to fall considerably further from here before news John?

Despite the further fall today the MA remained close to yesterday's 132p with an upside (Bollinger) of 183.18 and downside of 84.73p on the daily chart... obviously there's still a long way this could fall in the coming days but it's holding remarkably well all things considered. Assuming Telit continues trading without further incident I'd expect future SP volatility to remain safely within the newly established channel at least until an update from the company (which has been promised by the end of September): http://www.tellas.co.uk/Charts/TCM_17-09-05.jpg IMHO, DYOR, GLA etc etc

Don't want to speak too soon but looking at the charts I think we might have turned the corner and see a steady rise into the 4th drill results (mid Sept)... although it will likely spike slightly on news we'll be approaching the home straight by then & I'm expecting it to continue onwards & upwards as time passes! Just an opinion!! :-)

"Heard mafl own 100% of any proceeds of sale through the funding of th Crestgate" You seem to be getting info we're not - where are you hearing this stuff?!

Welcome back 6Zeros - here's hoping! :-)

I'm not shorting and currently would not take a position either way. My gut instinct is that Telit is a good company, I do not like to see anything fail & I sincerely hope it enjoys a successful recovery. However I believe there to be legitimate concerns over whether this is possible and until such time as the facts are known consider this share to be pure gambling. Should the company be given the all-clear or provide a credible strategy to address any issues that might be uncovered then I would consider investing (hence my interest) with the expectation that a healthy recovery would likely be possible over a 12 - 18mth period all going well. In the meantime, while I hope that it does not fail, I remain vigilant to that possibility and will not risk taking a position... I would prefer to ultimately buy at £2 and enjoy a genuine recovery to £2.50 once we know where we stand than risk losing my cash buying at £1 on an in-the-dark high-risk gamble. As stated, I believe the recent rise to be without foundation & suspect a P&D possible if not likely. I imagine many snapped up shares for say 140p in the initial bounce hoping for large gains in an instant recovery to 200p plus for example. Such people will have been dismayed by their loss in the drop to a little over 100p and their short-term greed based outlook would make them extremely vulnerable to this (P&D) scenario. I don't like to see anyone get hurt and hope this is not the case however I remain sceptical of a brisk exaggerated rise not based on material facts and would not be surprised to see a spike around the current level. Regardless of whether the SP is less than 100p or more than 170p I do not consider it to be a fair reflection of the value of the company until the material facts that determine said value are known. It could be worth £3 and it could be worth nothing. Pure high-risk gambling... there will be winners for sure but, as with all gambling, there are likely to be far more losers and the only real winners are those who run the casino & cream off a small % of every single transaction up or down. IMHO, DYOR, GLA etc etc