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At some point between my first purchase and the end of the FSP someone suggested that we wouldn't be able to sell without Jorc. They were told by a number of posters that Jorc is not used in Russia and we could sell with the resources registered in Russia. Today, there seems to be a fairly general assumption that the Jorc has been completed and we haven't been told yet.
Seems to me that NN would be happy to work under the Russian system along with their own prior knowledge and further information in the data room. I could be wrong.
Christian's comment in the RNS can also be read in a different way to a bidding war. 'Advancing several transactions concurrently ' could mean that the resources have been split and various buyers are buying different parts. Only time will tell.
I'm in until the end or ends.
Good luck alll
Mr Wolfe, are you really trying to hold yourself up as some guardian of truth and honesty? You appeared from the mist in August and despite being asked, have ignored requests for your previous name or names. You recently said you had been here for years and that some of the LTH would remember you. A few names were suggested. Why would such a bastion of high mortals have to create a new account? Why would such a great mind, with such knowledge only have opinions on EUA? Finally, why are you so damn miserable? All you do is have a go at others, look in the mirror, you'll see plenty to criticise. Now, a few posts ago you said you were finished for the day. Thanks
Hi LB,
That's very scary stuff, I think any PI that makes decent money on investments in Stocks is probably lucky, plenty on here have though.
I'd been thinking more of a Whac-a-Mole mode where it looks out for the price rising and does something to bash it down.
I can see how/why you use charts, I'm sure you can glean a lot more info by seeing the size and timing of trades.
Good luck and thanks for the link.
I've been thinking, who/what controls the share price?
The afternoon before the last placing being announced the price dropped into the close. It was RNSed on Monday the 20th and the price dropped further, then rose to the 25-26p range. The price of the placement was based on the closing price on Friday 17th. The price on the 13th was around 34p and dropped quite fast to 26p on the 17th, very close to the pricing of the previous placement. Did someone push the price down to get the placing price lower or did the news of the placing leak?
Since then we have been on trading on Tilly's 26p bungee. The bungee is being stretched further each day and the general pattern seems to be similar to watching the slide to 14p. I'll say now that I very much doubt we will visit that level again and good luck to those that had the balls to top up in the mid teens.
This brings me to the question who controls the price?
JT has talked about right foot/left foot and others have said that it is a free and fair market. I'm afraid, in my head, the free and fair market brigade have lost the argument. The price drop into the placing was pretty obvious. The price dropping while there are people regularly reporting NT to buy is also defying the normal rules of supply and demand.
I can't imagine in this day and age that there are people looking ant EUA trades and determining where the price goes. It is an algorithm. It will need some input from people with orders to fill but it is trading away in the direction the humans want. I imagine that you can sometimes see this in the share price, trading for hours in a narrow range then suddenly moving 0.5p and trading in that range for a period of time, with obvious ceilings at 24.49 or similar types of figure. I can see the MMs being able to control the price in the short term but I think saying one MM is controlling the price would be difficult to maintain. Who is going to sell to the MM that is offering the lowest price, or buy from the most expensive?
I think it is most likely more manipulative larger bodies with deep pockets?
I have tried to include some of my thinking and reasoning but if anyone has read this far and has anything to add, I'd love to hear it.
Good luck all!
I asked this question once before, no reply. What was your previous name or names.
The mask can no longer be described as having slipped, it's gone. You are just a troll with an agenda. I don't like your negative posts against respected posters. I will continue to ask this question.Nothing of value posted by you and an opinion on everything.
Thanks Mac.
I knew someone would know.
The line that has been lurking in the back of my mind was...
'The DFS as submitted and now approved is not the Company's mine plan but allows for mining at several open pits concurrently.'
Never really understood that line and maybe irrelevant now we have moved on from the FSP.
At least I have got it back in context.
Thanks again.
Morning all,
Can someone help, I'm 'in work' so can't spend much time looking. Re reading the 12th May RNS, I had a recollection that I had seen somewhere that the 3 wash plants were 'not the company's plan' or something similar. Anyone know where I saw that or was it a dream?
Thanks.
So, my anniversary was more exciting than expected. A bit of a rollercoaster, but we finished blue.
Another day of banter, bull**** and camaraderie. Much as I love it, I would love to see THE red dot even more.
Sleep well shipmates.
It's a year today since I took Tilly's shilling and boarded this fine vessel. I'm sitting here reflecting on 12 months of adventures.
That first buy was at 19.35p and I quickly added more below 18p. Several top ups later the price was over 40p and I added more at.....42.5p. That took my average up to just over 22p where it remains. I'll probably add more at some point today.
We've sailed through some stormy seas, some beautiful blue days, even a tsunami when AC sold.
Now we are drifting in the doldrums waiting for a warm gust to fill the sails and send us to treasure island.
On reflection, I think this share and this board has been really good for me, the camaraderie, the constant research being posted, even the infestations (following Mac's advice reported and binned) have given me a focus and some excitement through the dark days of the past year.
Where we go from here is open to discussion, but in my mind there are only two questions left, when and how much.
So, thanks to all of people who share positive thoughts, ideas and facts. Thanks to the people that dig out nuggets and share. Thanks to the people that armed only with facts fight off the bots and mutineers. Thanks to everyone that has posted amusing anecdotes and stories. You have all helped keep me sane.
Is that a breeze I feel?
Massive rums all round!