Member Info for mattlilly

sell at 1.90 buy at 1.89!!!! don't see many backwardations these days. AIM spread 1.75 2.00 PLUS 1.75 2.25 Where are you zara?

quoted spread n1.75 2.00 Just sold half my holding at 1.90. see a profit take it. buy back at 1.45. cheers

First, I'm in at 1.068 and 1.45, so neither ramper nor de-ramper. But I'm reading these posts and I've looked at the trades and there's something seems obvious... The holders and the buyers and the sellers were all waiting for the funding news to do something. The MMs can read these posts as well as anyone else. If I was Jenard and the MMs here's what I'd do... EFD: speak to EVO to speak to the MMs saying a 'tap' of equity is coming (10m shares). RL: isn't allowed to buy any more shares without making an offer for the company. Jenard: has had 4 year JV relationship with RL/EFD through Hawkesbury. EFD found the sites. Jenard bought some outright and some 50:50 through Hawkesbury. Jenard is an Ozzie with cash to burn. Agrees to buy 10m shares as a no-lose, because MMs will ramp the market on the funding news (helped by us suckers). So... MMs sell loads of shares short up to 1.90 yesterday and today on relief buys (at almost double the new issue price!), knowing that they can close the bargains at, say 1.40-1.50 on monday, giving Jenard a 40-50% quickie. Now, as to the 90 million on tap: they are replacing an overdraft facility and may not need to be drawn if either RL makes a sale and/or gets a p[lanning permission, or buys an undervalued plot and revalues for bank purposes. So that could be good news because we have till Aug 31 for something big to happen with Workington, Birkwood or Paignton. Aug 31 is key also because there is over 20m debt maturing pre-31 December. If this can't be refinanced or replaced and/or the sites can't be revalued/sold, the company will fail. However, it also gives nearly 6 months to negotiate with the serious player or even RL to take the company private for a song. In summary: not much action above the present [price unless wekeep it active and/or bigger players come in; then a bit dead and drifting until either good news on sites and/or new funding (more dilution); or doom approaches. All in all, and assuming 100m new shares at 1p plus 230m old at 5p pre-slump gives a diluted survival target of 3.75p and a ST target of say 2.20p without more news IMO. DYOR and thanks for reading.

Dunno why anyone would hold KAH when PRL particularly and EML are cheaper ways into Extract/Rossing?

This is relevant By David Winning Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Polo Resources Inc. (PRL.LN) has received strong interest from mining companies and offtakers in its stake in Australia's Extract Resources Ltd. (EXT.AU), which owns one of the world's largest undeveloped uranium deposits in Namibia, Polo's managing director said Wednesday. London-listed Polo, which has appointed BMO Capital Markets to advise on its strategic options, will likely decide whether to sell its 9.29% stake in A$1.8 billion-valued Extract within the next two months, managing director Neil Herbert said. "From our side we'd like to put more investment in coal over the coming year and that's part of our rationale for coming out of uranium," Herbert told Dow Jones Newswires. "We are looking at a number of additional projects" in the coal sector, he added. Herbert didn't disclose the identities of any of the possible bidders for the company's stake in Extract, which is based in Western Australia state. Shares in Extract jumped to A$7.20 at end of trading Tuesday from A$4.49 on March 31 last year, when Polo first said it had invested in the company. The share price rise reflects promising drilling results at its Rossing South mine in Namibia, as well as rising interest in uranium as Asian and other countries prepare to install vast amounts of new nuclear power capacity in coming decades. Polo's strategic review is taking place as Extract prepares to weigh up bids from companies interested in developing the Rossing South mine, which is located to the south of Rio Tinto Ltd.'s (RTP) producing Rossing mine. Extract says Rossing South has the potential to produce 15 million pounds of uranium oxide a year.

This is relevant: By David Winning Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Polo Resources Inc. (PRL.LN) has received strong interest from mining companies and offtakers in its stake in Australia's Extract Resources Ltd. (EXT.AU), which owns one of the world's largest undeveloped uranium deposits in Namibia, Polo's managing director said Wednesday. London-listed Polo, which has appointed BMO Capital Markets to advise on its strategic options, will likely decide whether to sell its 9.29% stake in A$1.8 billion-valued Extract within the next two months, managing director Neil Herbert said. "From our side we'd like to put more investment in coal over the coming year and that's part of our rationale for coming out of uranium," Herbert told Dow Jones Newswires. "We are looking at a number of additional projects" in the coal sector, he added. Herbert didn't disclose the identities of any of the possible bidders for the company's stake in Extract, which is based in Western Australia state. Shares in Extract jumped to A$7.20 at end of trading Tuesday from A$4.49 on March 31 last year, when Polo first said it had invested in the company. The share price rise reflects promising drilling results at its Rossing South mine in Namibia, as well as rising interest in uranium as Asian and other countries prepare to install vast amounts of new nuclear power capacity in coming decades. Polo's strategic review is taking place as Extract prepares to weigh up bids from companies interested in developing the Rossing South mine, which is located to the south of Rio Tinto Ltd.'s (RTP) producing Rossing mine. Extract says Rossing South has the potential to produce 15 million pounds of uranium oxide a year.