Member Info for Montmuzard

Gonna be a very spicy finish tonight - hardly any stock available to buy

The ask hasn't wavered for about an hour now - big buyers loading up in the background IMO

Bid almost at .40 again now - MMs have no choice but to keep moving north. Big afternoon incoming.

Ticked up - gonna test .50 again in short order

An equity sale would definitely get around haircuts IMO for the simple reason that the Eurasia Mining would still exist and own the Russian subsidiary companies. All that would happen is that the owners of the share capital would change and all of the stock would move through the AIX exchange. There's no haircut when any of us trade our shares now, so why would there be if we all trade them at once?

Another little shake on the sell side - someone is trying to keep a lid on this rise.

Sorry, fat finger! But I'll take it!

50p paid again - up we go

47 to sell now - this is about to go vertical

Here we go: shake over, can't buy in any quantity, but they'll grab them from you. This will bag easily today.

Good for them, they’re not having any of my shares that I’ve patiently accumulating for the past five or so years.

Even on a low volume day they'll be hoovered up within the first hour or two of trading!

@Amers - and yet someone has managed to sell 1.3m shares near the close of play today, which means someone - I suspect the AIX MM personally - is on the other side of the trade. Little liquidity for PIs, plenty of liquidity for our Kazakh friends. Wonder when the trading there is going to kick off? Maybe tomorrow?

@Amers - Is that even the case if you split them down into smaller buys?

I think there are two things going on potentially: (a) this is one of the first (if not the very first) UK companies dual trading on AIX in this way so the local MM is the first person to be accessing CREST in this way; and (b) they need to accumulate a decent amount of stock first to ensure liquidity there. The fact that the company has RNS'd to confirm that they are buying stock gives confidence IMO. Won't be long until the fireworks start.

Tell you what, the green coffins, sat in their dank elderly parents’ basement churning out FUD at 10p a time, don’t like the positive chat do they? Sea of green boxes everywhere on my screen!

Great post. But I think we could revise that $12bn in-ground upwards for at least two reasons: rising metals prices and the as-yet unknown (to us) resource upgrades in the original MT DFS and, crucially, the further upgrades that will be encapsulated in the joint NKT-MT DFS. This will presumably have two pits at NKT (not one) and will have eliminated single asset and single commodity risk. Personally, I think we can estimate an in-ground value of $20bn and rising over the next decade — and substantially more if the Rosgeo assets come back into play for a buyer — and an NPV of $4bn or more. There’s huge value here IMO. We’re just waiting for it to be unlocked, which surely now isn’t very far away. Rums all round!

The train is leaving the station now. Toot toot.

22 green boxes on my home screen this morning. Just a handful of normal posts. They’re clearly getting desperate. They know what is coming.

Just looked in here for the first time in a few days, and my word: page one for me is TWENTY green boxes and just five normal posts. I really feel for newbies who rock up on these pages to get some research and info about their prospective or actual investment and are just faced by who-knows-what nonsense from the headbangers. Anyway, hope everyone is fully loaded. Imminently is almost here. Time to get the popcorn ready. Rums all round!