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There are some chunky sells in there during afternoon trading as well. Stating the obvious but Demand will push up the price further. With confidence restored and shorts choosing to buy back, demand will increase and push up the price. It's a fair start...

Shorts still circa 6.3% from 7.2% last time I looked. Some unwinding of positions still to do!

Must be big buyer in the background. Sells all being mopped up. A lot more certainty here and barely reflected in the price. No obligation to sell assets. Really a very good outcome, all things considered.

I think that it will be before. They have to meet their 31 March obligations and the Orion director has stepped down so no conflict of interest. In the latest interim as it references : "Under the latest revision of the financing agreement over US$20m of repayments are due by 31 March 2018 and it is unlikely that the Group will generate sufficient surplus cash to meet the revised loan repayments schedule and the Group's and parent company's ability to continue as a going concern will be dependent on Orion's continued support, of which there is no certainty. The directors believe that with the support of Orion to defer loan repayments, Tschudi can generate sufficient surplus funds for the Group and parent company to remain as a going concern (see note 1d. for more information)."

The rate rise may help against the ZAR longer term from cost perspective. Long delay on loan renegotiation - news before the end of the month. Will remove the uncertainty hopefully.

Yep, copper futures up 1.6%. Set for another run in my view after a recent dip.

Bought some more here at 1.39. Market cap less than USD 15m. Orion's support evident. Recent acquisitions clearly supported by them. Debt restructuring news due. Copper price to turn back up in my view. Trading in 3's a month ago. Looks undervalued.

Shares flying now

Successful completion of projects certainly helps to create confidence in a company with a bright future - with new leaders taking them forward. A number of sources now confirming the rumours of no D4E - certainly as part of these finance discussions, which is great news!

If this is a done deal, the stock should rocket through 90 towards 120, then 200 in short order. Is it a done deal though..?

Suppose the question is : what are the major shareholders doing? Goldmans, JP Morgan etc

Plenty of biggish buys going through - so not all one way traffic. Any sign that the restructure will not be punitive will send this much higher.

Bears on top ... for now. Let's see how it pans out.

Gone a bit quiet here. As far as I can work, there is no change to the position as at last week. Talk on Advn about an announcement on Wednesday at 9am. Gossip maybe. Does anyone have anything insightful to add?

Thanks for the heads-up around this.

Fate, are you convinced that the banks will agree without any debt for equity? That's a chunky £4m trade and some reported there. If they approve the plan/debt restructuring, this will quickly double up in my view.

Love Dylan!

Looks like breaking out - lot of volume

Resistance at 90. Through that - and we climb.

200 should be easy target in this eventuality ...