Member Info for Nate-PI

Nice finds smacks. This is indeed a buy and LTH in my opinion too. Could do very well given some time.

It looks like we're going to trade sideways in a flag formation now rather than drop back. Looks great for another push on, I suspect gradually now over the rest of the week.

I was considering selling some earlier and buying back in on the dip as that's what the charts telling me. But, the buying pressure here is relentless. I think this is just going to keep on marching upwards.

Nice!

Micho,

Filtered or not, it's called being realistic and not keeping your head buried in the sand. It's not a de-ramp, just look at the SP, -8% already, it doesn't exactly contradict with my opinion, does it?

As I said, I expect to see 1.5/1.6 again and we're already at 1.8 so there's no point pretending otherwise. Just got to hope that eventually the big order everyone's hoping for will arrive.

Apologies if that sounds like a de-ramp to you but I'm afraid it's just the reality here until some real news arrives.

Nate

And now the drift commences, slowly and steadily all of the way back down to the 1.5/1.6 region

How did you work that out Davand?

SJ - 12m is going to be retained in escrow, some (an unknown amount) is going to be returned to shareholders, so how do we know how much cash they will have left as a cash shell? I don't think they'll have much left by the sounds of it, or am I missing something here?

so basically I buy now for 7p and when the sale goes through I get 10p back - is that correct?

The problem here though, is that every small rise is going to be so heavily sold by the people who understand just how badly this company is run, exiting as soon as they can.

There can't be much left in it now, our cash vs mcap is absurdly cheap

From the RNS on the 2nd March:
"Appendix
1. Further information on the stakeholder engagement process, including as to risk of dilution and potentially limited or no value to existing shareholders, is contained in the Company's announcements of 18 December 2020 and 14 January 2021."

If things go well with the CPR and the noteholders wish to engage on refinancing then there is still the risk here of the mother of all dilutions. This is still a very high risk play with the upside potentially curtailed somewhat by dilution. Admittedly, it's still possible that the terms could be favorable, even for PI's, but the lack of BOD buy-in's really is the clue as to which way this is likely to go.
Don't shoot me down and call me a de-ramper as it's simply not the case. This is probably worth a small punt but nothing more given the risks and it's important that there's a balanced view here rather just pushy ramping, blue sky's ahead, to the moon, about to take off rubbish.
I guess we'll find out soon enough and good luck to all of the long term holders here, if anybody deserves a result it's you guys.
Nate

Madness to sell now, the SP between now and rto is inconsequential and the mm's will eat you for breakfast if you're scared out of your shares. Sit tight and wait for news.

Somebody loading at this price...

Things starting to warm up nicely here now. Nice steady rise into first drilling should see us easily late teens, early twenties. Been a long wait this one so far but thoroughly looking forward to the results of the first drill.

Nice holding Hos!

some guy on twitter recons he just bought 36m shares!

Yep, three green bars in a row on the 30 min chart, picking up nicely now

Yep, cheap as chips this, our time will come

Our BOD have options at 1.8... this isn't staying down here for long... watch this space

Yep, a few bed wetter's out after ccap news this morn. The beauty here is that we're all in at the basement before any of the games begin so we'll be fine here at these levels regardless. Buy your tickets now, don't average up and just enjoy the ride.