Member Info for Mikey279

My apologies... I had missed the recent CLN issue to the chairman so maybe a raise is unlikely

So it's a case of black or red then?

so what will they raise at? sub 3p?

genuinely wonder why people jump in after 400% rise in a week

Like I said... people piling in because 'its moving up' nothing else

only looking for justification tbh, otherwise it's a spike and dump.... NFX held it's rise because of significant royalty contracts and IP'd market potential.... not 'double' 2018 revenues (double of £165k... lol) and an FDA decision or some piece software with no real revenue or market capture attached to it?

Good for traders and gamblers perhaps...

The only good thing I see here is an opportunity to dump on an fda approval spike ?

Do explain fundamentally or technically even... 5p to 4p in one afternoon says it all tbh, herd mentality

i'm just seeking the justification for the rise other than people piling in because it's 'moving up' due to a low mcap

Is there ANY substance to it? FDA approval........and then what?

doesn't matter... exactly what is substantiating it other than the herd?

Potential price per sale? Global market size means nothing what share do they intend on capturing?

anyway looks like it has gassed out ...? either that or you get a tonne of people selling on news (IF good)

Wonder how many intend on staying on....

Fun over?

400% increase in a week.... dump time / sell on news? Can't see how its hugely profitable sector........ only reason for move was a low mcap

wow it really is going for the 1400

cant get anything...

Gold stocks out in force with the rns to capitalise... there’s at least 4 there

Imagine Iran tensions playing a part

can imagine there are a LOT of eyes on this waiting for the games to end.... not a single share on AIM will have mcap equal to EBIT

reversal in play..............finally?

Flying.......

slow and steady is good... huge gap to fill ;)

Gold prices will determine where this is going, still appears to be the 5% PI driving the volume and no sign of overhang or ii dumping

GL ALL

Great news! should do well now with current gold prices

perhaps read the RNS's? they targeted 12th of June in the initial update, 2nd RNS stated mine closure.... with gold prices around the mid 1300s you'd imagine they wanna be mining yesterday

Risky of course, but you're never gonna find a 180-200k oz producer for sub 50m mcap at current gold prices

Can't imagine it'd be too long... they intended on resumption prior to the 12th as that was reserve depletion date

Either way it's the gold prices that will determine where this is heading and at what speed ... at nearly year highs you'd imagine they'd wanna be up and running quick as it covers the increased AISC

Also note, I believe the other mine is still running and the staffing issue is at Youga

Again apologies LTH... Risky for sure but it's quite clear what has been happening here, looking historically the daily volumes are next to nothing, CF probably dumped at some point and this has been on a steady but significant decline since the high £s despite good news and results, so the only explanation was lack of volume vs an almighty overhang, either that or some very privileged holders aware of the dilution/issues…So where does that leave us:-10-15% anticipated reduced production level in OZ – bare in mind this has already tanked around 50% from £2 despite good news, so probably ‘priced in’ to an extent-Increased AISC’s by circa $50 p/oz – do find this strange despite the staff initiative… perhaps related to the dilution? The contractor has even offered equipment at own cost, but hopefully gold prices offset this-Cash shortfall – unlikely the 75% owner will allow dilution so possibly refinancing/ or will he chuck in some more money again?- Staffing problems, remains problematic – but hopefully resolved by the end of the week, seems like they di want to meet the 12th deadline before the reserves were depletedA 200,000 oz producer for sub 50m mcap.. DYOR etc

just me here then seems like everyone on this BB is also on strike