Member Info for mogwhy

K3VMC - 2,500tpa for 2019 should result in 165,000mtu of WO3.
I make that around $20m EBITDA at current APT prices.

http://tinyurl.com/yapdrx7p

Soulsister - this is the HL explanation for the apparent discrepancy which I queried a few years ago.

"With regards to the day gain/loss figures displayed on the website, these are not calculated by the difference between the previous close price and the current sell or buy price. I appreciate how this is commonly assumed, however it is the industry standard to calculate the cost change figures using the method I will detail below. If Hargreaves Lansdown changed the formulae our figures would be different to other information providers, causing undue confusion and concern.

The figure is calculated by the difference between the published closing mid-price from the previous working day and the most recent mid-price. In each case the number is calculated using the last trade on the order book. By contrast the bid and offer prices we quote are based on current market maker quotes not on individual trades.

Additionally, the mid price is not necessarily going to be exactly in the middle of the quoted spread for all stocks all the time. In extreme cases for some stocks the mid-price may not even be between the quoted buy and sell prices. Usually it will be but not always."

Should have got in at 10p when I told you lol.

$10m was BMN's free cash flow after paying $20m for Vametco.
EBITDA was £32m for H1 with £26m cash.
Full year for 2018 will be huge with current vanadium price!
Sorry for off topic but must put the record straight.

HH - see my post last Thursday at 17:10
K3VMC also proposed BlackRock as the possible seller.

lol - I've only ever bought wres shares so far and with the amount I've got now, I'm not looking to buy any more!

K3VMC - so that statement was qualified by being dependant on future cash flow.
With this being an AIM mining company, I prefer to take a conservative, cynical outlook !

http://tinyurl.com/yconr52e

Despite what MM has privately told shareholders about no more placings,
he has hinted at a future acquisition and this may require a fundraise.

This will be on his radar.
http://tinyurl.com/y8vpw2tc

pa_richards - another muppet who doesn't know how to read a TR1.
Total holding has reduced by over 50m.

If we take HMRC's declaration that no Hansource shares have been sold at face value,
then it looks like BlackRock are the new favourites.

I started tracking the 3m sells from the date that the Hansource shares appeared on DMA,
but it was less than 1 week later that BlackRock were issued with over 307m warrants.

We haven't been notified that these warrants have been converted into shares,
but I guess that they could be used as security to forward sell them.

yep - now 177m or 3.2%.
9 trades this week compared to only 3 in the last 3 weeks.

TT - 174m

Starts at 49:30

http://tinyurl.com/y8gccsla

Geng - I also think it is the Hansource shares being sold by the Crown.
Once Hansource are reinstated, then the Crown will hand over the remaining unsold shares plus cash from the shares sold. We'll then see a TR1 with their updated holding.
Hopefully, Hansource will then become a buyer with their cash pile which should be around £0.7m

Thanks Seawolf, but this still leaves us with the "fact" that 315,333,333 shares appeared for sale on DMA.
Only Hansource had that amount available.

"Moggy, could these latest 3m sells be the odd 18m @ 6x3m leaving 4 to go or had you already accounted for them?"

Seems unlikely. There are still 165m unaccounted for !

I'm just guessing, but I think part of the Hansource holding has been sold by the Crown.
The rest will be returned to them now that they've filed their accounts and when they've been restored.
If that's the case, we should get a TR1 from Hansource with their new holding.

I tracked the 3m sells back to 23 May.
This was the day when the block of 315,333,333 shares appeared on DMA to be sold.
There can be little doubt that these were the Hansource shares, as no one else had this size of shareholding apart from Michael Masterman.
Their shareholding was 333,333,333 so there is a 18,000,000 difference which could possibly be a broker fee for their potential disposal.
We now know that Hansource have submitted an administrative restoration application last week.

What we don't know is who the 3m seller is.
We also don't know if the 315,333,333 have been fed into the market, or if the order was withdrawn.

Mr 3m has now disposed of exactly 3% of the company after the two sells today.