Member Info for MikG

If that holds, we would see a separate M&G holding TR1 yeah?

Lithium in the ground valued >$billion, Funding secured with Chinas largest/World's 3rd largest Lithium Producer in the world, a route to actually realising that value unlike most on AIM, and what does it take to start this moving in the right direction.... a Twitter pump. You couldn't make it up. No better than some pathetic lifestyle penny stock that they usually target. Except, it is.

Not sure the 50p share price on a hit is anywhere near guaranteed - ask shareholders of BCN and CORO that were sat on "multibaggers on good news" shares prior to the event, only to get the good news and go nowhere.

The Nemaska debacle is what should have caused fear in the likes of BCN while we were waiting for the Ganfeng sign off, their sell off on the financing uncertainty is understandable. But we've now received financing and have the financing for the implementation of our project. Agreed that this development should be bullish if anything for BCN.

I mean how much cheaper do they need.. its becoming a bit of a joke. They've got assets with NPV in excess of a billion in the ground, the third largest in the world stumping up the cash and developing the asset, getting it out of the ground, etc. It's behaving like we are in a bear market or something - when the reality is markets are at circa all time highs.

Even if there is a tiny funding gap (to deal with further down the line), how on earth can that be the overriding focus at this time given everything else? This will hardly get placed to city spivs at a 30% discount to get forward sold and flipped FFS. People are nuts - ****e rising left, right and centre. Oil discovery misses seeing shares punished 70-80%, and actual discoveries going up 10%! Its just a ****e market where no risk is rewarded, so there is little point speculating with capital. Market makers forever playing funny buggers, and even when companies sign the golden ticket to get their billion+ asset out of the ground with China's largest producer, it can't even go up on the news as there might be a slither of funding uncertainty at some indeterminable point. Farce.

Can anyone clarify the extent of the funding gap, and if they genuinely think Ganfeng will allow themselves to be badly diluted on their 29.99% to have that last part of the financing puzzle? Do they not have all the funding they now need and the partner (top 3 in the world) to advance the project? I think it's an utter farce that people are even nit picking the finance situation given the deal they have just signed,with the calibre of partner of Ganfeng.

For management to be culpable for this still being sub £50m mcap is a joke. The market can put no value on anything at the moment, and people need to remember that share was valued at £1.50 before even a semblance of a partner or financing was agreed! Joke management, joke market, hope Ganfeng just scoop up the lot and put us out of our misery having to hold and endure this endless misvaluation.

CRK, that is wrong. Basic accountancy mate:

Dr Cash
Cr Equity

The extra dilution is offset by the extra cash. So in your instance the person taking on the car is putting cash in the glove box and adding £10k (the cash) to the value. The asset value (car) is still worth £10k, but it has £10k of cash in the glove box.

In BCNs instance, the new mcap is a reflection of the multiple of the higher number in shares in issue, with the difference being the value of cash.

I've got no words for the extent of patience required to hold this share. Attempted bounce and market makers take it nowhere, shut down buying, couple of sells and we're back testing the lows of the day.

Aside from Zin, any of those advocating endless amounts of patience aware of what will be the next catalyst now the share has gone completely nowhere on getting China's largest lithium producer on the project, expediting advancement of the project in H1 19 and receipt of the cash.

I'm at a loss as to what it will take for the market to put a semblance of fair value on this stock.

Anyone seen any PR surrounding today's completion yet today? The usual proactive etc?

That's all it is. Forward sell, place, shaft until Joe Blogg punters have been fleeced. Then bemoan that volumes are low, then to resolve low volume short/mark down to stimulate buying, and rinse/repeat. No winners, just PIs with progressively less until they give up and clear off.

If this was anywhere near highs (52 week, all time, even those of the summer) prior to the news, you could appreciate a little "buy the rumour, sell the news", but this is just a joke. There's been no rally on the rumour, its sold off due to the uncertainty of the delays. And its the same of stunts all across the "market".

So on the completion of the investment, BCN can't even reach the heady heights of one month ago, when the deal completion was overdue and investors were nervy and wobbly? Lol.

You couldn't make it up. AIM becomes more and more uninvestable by the day - anyone any guesses as to how much it would have been slaughtered this morning had the deal fallen through? The risk versus reward on about everything in this market is utterly abysmal, and city spivs have just destroyed this market for their own greed.

Can never say never to anything, nor count any chickens, but if its one thing I've learned from doing business in China, if it something they want - they will make that road as smooth as possible.

I think this asset is of high strategic value, so I find any notion that hold ups are due to anything other than endemic red tape a very remote possibility.

Ok, but having achieved 2/3 out of the requisite approvals, there is ample scope for speculators to enter the market surely?

I cannot fathom this being priced lower than pre the Ganfeng announcement, and had envisaged a gradual appreciation as each stage of the regulatory hurdles have been cleared. Ganfeng are one of the worlds biggest for goodness sakes, BCN aren't dealing with some two-bit lithium outfit here.

This share is a nightmare - forever undervalued yet forever falling lower out of thin air. Why on earth aren't more institutions positioning here... baffles me.

Gadzuric, not sure I get the logic as deposits are on the increase following a temporary blip earlier in the year. That has been proven by the latest prospectus, so there is no evidence that people aren't putting their savings with them for fear of going under. The bank has adequate capital and liquidity ratios are amply strong that going under does not look probably as it did for previously fallen high street names.

That being said, the rumour mill, negative press and collapsing share price will not help business going forward. You can already see concerned customers turning to the bank to ensure they are safe and to determine the current risks. That is not good - and makes it all the more incredulous (suspicious) that the BOD are sitting by and allowing this all to unfold.

Big difference is Burford wanted to protect their share price and loyal investors, these guys do not care on jot. This share was £22 in January, its now under £2 and I can't recall seeing a share less capable of holding a bid in a long time. Every time it goes green it inevitably turns red. Bottom line is if this goes private, the lower the share price the lower the takeout offer.

Does yesterday's RNS read like a company trying to protect their share price? They could have reaffirmed the strength of the balance sheet, capital position, calmed the market that they felt they would be better placed post Q3 results, that they had other irons in the fire etc. It smacked of a company that just doesn't care, and subsequently shorters and MMs can continue to thrive .

He's not a paid deramper; he's been around these boards since the dark ages!

If he wants to talk it down and short MTRO, let him crack on. He was a long term investor in RRR, so clearly has a high threshold for pain.

Focus on the bigger picture and the Supreme ruling just announced that should be massive for banks like Metro, hammered by the risk of no deal Brexit. The risk of that happening has now just been vastly reduced.

Incredulous that this keeps on falling. Starting to defy belief that it won't even muster a bounce. At a sub £20 mcap, what is it being priced for? BOD must be scratching their heads that a pilot well on just one prospect has undermined all their good work, wiped circa 2/3 of market cap off the company, and taken it to all time lows! And still down she goes. Only on AIM.

As bad as these results were (widely telegraphed by most holders so we’ll see the market response), what nobody seems to have mentioned is how the share has been battered by sells in the last two days running up to this, and the level of corruption complicit with that. AIM has again shown itself a giant insider club and completely crooked to the core. And yet nobody really bats an eyelid as that’s expected, and people wonder where all the liquidity goes.

On Evrh, this should be falling off a 6p or so base (assuming there’d been no slippage of this news), and theoretically we should have priced in a bunch of this news. Again, not sure it will pan out that way and it’s now time to see if the shareholders who will be heavily out of the money like Opp and now JGO, either sink or swim. Will they continue to support and buy up the dips?

This is AIM, so someone must have some cause to be dumping so hard at this stage, having sat near idly on the way down from the 9p recent heights. I'd wondered if interims were logged or if there was something, but who knows. Someone selling, Merian increasing short..but question is, why now?

The unfortunate reality is JG will now become the latest holder to be vastly down on their investment in this Co. He must be scratching his head following the 4m buy at 9p, to see it where it is now. Of course, his vision is bigger and will be looking for the true prizes - but of course, it isn't overly enticing to see IIs come onto the book and be out of the money. Given his "option price" for Y/E I am shocked to not see further investment now we are back at virtually the initial placing price of his.