Member Info for MadChatter

An accountant buying on the open market, who is an experienced director and cleaning up house here.

Not exactly like some random guy.

To answer an earlier point, they cannot raise anything via placing without a business case to exist. As who would be buying in? I can see this heading nearer 0.7 before 30th, but after that... Who knows

Question for those who were here last year. By what factor, from KIN to Bids did the share price increase for those who held through the rto?

It's proving very tricky trying to work it out.

Quite likely. And I think we're expecting a sizeable balance sheet improvement to come before results as well?

Definitely over sold here now Imo.

In reality this has a while still until suspension. I could quite believe that the bod don't want to suspend, but this could still drag on a while longer yet

The need to RNS something pretty quick I'd say, as obviously we are all watching this live on TV.

Is that just your own speculation of what could happen?

Did I read correctly on twitter the in ground resource here is worth $552bn!? Wow that is an eye watering number

Just looking on twitter, the actual contract signing part is not until 12 to 12:30, which for those not familiar is also the same as GMT because of the time zone.

Just to manage expectations, I think we shouldn't necessarily fixate on 10am, as firstly they may not rns straight away, and secondly this conference is on for 3 days.

@chesh. It depends. With a very active partner taking the vast majority of costs, oex could do very nicely. We shall see.

The way I see it, we will sit down with GSPC and a third party, all the lawyers together, and for all intents and purposes the third party will be buying GSPC stake (although through OEX as party with first refusal), plus a chunk of OEX stake.

You have to bear in mind as well, that we will negotiate down the price *a lot* because of the past monies owed imo.

I disagree on the timing. This has been sat doing nothing at all for anyone, for years! Now that it's resolved I'd expect drills on the ground in less than 5 months. Which brings this massively closer to £££££. In the meantime, they will farm out to a JV partner and this will rocket then. So short term (as in this week) I'd expect to see this sat around 0.5.

For all the small sells, the price isn't moving.... People are hovering them up here.

£500k for £33k!? That's a very significant revenue generation relative to mcap

I'd say the best time to top up would've been last week....

I'd say that as long as they have identified one single business for rto, (presuming they don't name it at that point) by the end of September, I'm happy enough with my current holding to hold right up until (and through) suspension.

If they don't confirm they have one specific company in mind by then I'll start to get anxious...

If this drops to stupid levels immediately prior to suspension, but otherwise its looking good, I'll definitely be topping up.

Could that be a director buying?