Member Info for millsm

Adds to the appeal at these silly low prices as anyone scooping up the offer shares will double their money in those IMO if not multi bag several times over.

A few buys dropping in today ......

Scary part is the BOD will probably being giving off good news for a couple of weeks now while they drop the offer out. GLA

Petra expects to generate free cash flow by the end of June. Accordingly, it is the deleveraging effect rather than the company’s ability to fork out for a year-end dividend that should support the shares, writes Alex Newman. It has proved expensive, but Petra Diamonds’ push to get better grades and more diamonds from fewer tonnes of ore is starting to bear fruit. In the six months to December 2016, Finsch and Cullinan — the African miner’s two largest operations — both increased their ratio of diamond carats to tonnes treated, once tailings and run-of-mine production are combined.Unfortunately, the 24 per cent increase in like-for-like production came with its costs, both human and financial. Five workers died during the period, an abysmal record that comes just a few months ahead of a triennial wage negotiation with the National Union of Mineworkers. On the financing side, analysts at Investec voiced concerns that the miner may be running close to bank covenant limits, after another $135m (£108m) of capital expenditure helped to push net debt up to $464m by the end of 2016.Chief executive Johan Dippenaar retorted that with cash earnings starting to motor, lenders have passed the point at which they would start to voice funding concerns. Still, the company will need to bring debt — including a $96.5m black economic empowerment loan — to 2.5 times cash profits for the year to June. On that score, FinnCap expects $211m and earnings per share of 12.3 cents, up from $164m and 10.4 cents in 2016.

We should have had an update on the application ............ GLA

https://www.ft.com/content/2b6ee938-f91c-11e6-bd4e-68d53499ed71

So they are looking to buy back the bonds under a 4.5p offer which is open to the market and existing shareholders to make sure they realise the potential of the shale reserves. Something tells me the BOD are going to pump some good news in IMO. GLA as a big drop this morning.

Showing at 160-200p ....... very undervalued at the moment.

If nothing else with so many cliff hangers to be resolved on this one its going to move in big swings ...... Just depends on the direction of travel. I think the BOD have to many trump cards and with shale gas about to become very big news and oil price rising, they have to just keep their nerve as some big companies will be very very interested if they get approval to start opening up the UK market. GLA

Seems to be a few buyers into the close, false drop on nothing caught a few out. Looks like its to much of a bargain to resist. Maybe the BOD will drop an update tonight hopefully.

I'm invested long in Shale and Biofuel (CNEL) looks like Biofuel was definitely the winner today!

Anything below that should have been of the back of an official RNS, looks like panic set in today but might well force the BOD's hand to release something.

Just shows how a BOD that are not on the ball can wreck investors value ...... a little sad really. Although I suspect a few dealers are making a killing by pumping this down and will make just as much on the bounce.

Looks like the negativity is just triggering stop losses on the way down ..... if this swings there will be a few very upset PI's

We are going to find out very soon if this the bargain share or the year or about to tank. BOD must have a plan ..... the question is whether its good or bad!

They'll be writing something as we speak ........ they can't not react to the drop its to significant. GLA as we are about to find out something IMO!

But massive upside on any good news ...... role your dice as the BOD will have to announce something very soon. GLA

The government needs some positive pressure now, things like fracking are where they can play a strong hand against trade deal discussions. GLA

http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=25511864&ArticleHeadline=npower_set_to_hike_prices_in_march Ultimately the UK government will want to lock down a brexit energy sector strategy .... Shale a no brainer now!

The way the SP is moving up and holding up there must be a huge underlying buy today IMO. GLA