Member Info for NAV_Mike

Also there are predictions of further US supply disruptions due to the extreme cold weather

Yes I and many others got royally shafted by the management of Shanta Gold and its insti holders when they decided to accept a derisory offer from a nice little Mauritius based, indian run company

I truly dread to think how much money they are making now with gold at these levels, using the mines many small investors helped pay for. When bundles of cash are dangled in front of a BoD, their scruples can often vanish in a puff of smoke

Well theres another 101k sell but inside the spread at the time

Sounds like a worn record, but we need some newsflow to stop discontented selling making it easy for the MMs to walk this down. In other words, give people a reason to buy not sell

....and this will be on the march again - this time into the 20s and beyond

The current actual bid price is 18.75p (AJ Bells) so hopefully some more buying will induce a tickup

Well it looks like the usual boredom induced selling has started to trickle in, so lower we go

Real shame, and somewhat surprising seeing as how MMs were willing to buy stock above mid for nearly two weeks

Dp

It ties in with the fact that you have been able to sell at better than mid price for most of the last two weeks. This is enough to confuse the dumb logic of website who make the allocation based purely on the price relative to bid/offer

Bailiff hypthesised that there was someone looking to accumulate at no more than 20p and when you look at the unusual pricing recently, its hard ntot to agree

Must admit 2026 is a little more hmmmm than I was expecting, even allowing for the explanation

Am I reading this right that 2026 FCF of $0.6bn can be attributed almost entirely to the capex reduction? Apologies if im wrong but 2nd coffee hasnt kicked in yet

Seems rather strange that after being able to sell above for mid for nearly a week, the first actual move in the shareprice is down. Such is Sareum I guess. Im not seeing anything on the trades list that would account for this

@bailiff can I presume they arent being so generous with your dummy sells now?

Well if they had obtained actual details of what was being released, that would in theory get them nicked, however its not beyond probality to assume they have 'moles' to let them know if a company was about to release one.

It depends when the info gets lodged with the RNS issuers... I dont know what timescales are on that

I dont think so Mr.B as Sareum is a MM stock, or that weird hybrid SETS-MM (or whatever its called these days)

Could be wrong

In any event, the backwardation has gone and everying has settled to more normal 19.62 - 20.28. Was exciting while it lasted.....will they still take lots of shares off you?

Also hazard a guess that they are not raising the bid, in order to avoid giving the impression the price is moving up

AKA - if there is a sizeable buy order being worked, they dont to pay much higher than where we are

Backwardations are somewhat unusual and dont normally last very long. Lets see.....interesting times

Dp

Its a contination of the encouraging bid price from last week - its been over mid price for a good few days now. Not sure why HL would be in backwardation like that, but Ive checked and AJ Bell are the same

Hazard a guess and say 1 of the MMs is working a sizeable buy order, which the others arent involved in?

BTW - ignore Google...they just grab the headline bid/ask not what is actually available

"Everything red" yes but hardly the sort of overnight bloodbath we usually get when Trump goes doolally over tariffs

FTSE off 0.5%, Brent at $63.20

Looks worse on the french and german markets, but thats because they havent got a strong decisive leader like Starmer addressing their nation later on. /sarcasm off

Plenty of time for it to get unpleasant but at the moment just looks like a normal kind of cr appy start to a day

Word salad.....the very last sentence is what matters

£3 within two years eh?

No one would have been celebrating that at the time of the Wintershall deal, and I cant say it floats my boat today

Well yet again the effective sell price I can get is over mid (20.25) but they dont raise the visible bid price which remains stuck

Defo something occurring however do they think if people can see 20p bid there will be a wave of selling? strange

Does this signify the arrival of the trading 'herd'?

Please dont mess up this board fellas......its been pretty civil, if a little dull sometimes, up until now

Assuming the trusty 192 area support has been proven to have held, the top of the recent trading range is around 235. Would be happy to be nearer that pre-trading update, ready for positive numbers to push us through :)

Aye this will be a test of their willingness to offer up improved shareholder comms.

At the every least they should inform us when the tox trial has begun

I like to think Im not overly-cautious, however I think that loading up with debt, just because the current climate is favourable, is a dangerous path to tread

Macro-economics never tread a stable path for too long, and I wouldnt like to be overly debt heavy in the event of interest rates trending higher again. Im sure theres deals to be done, but I dont think the city would like a debt fuelled spending spree until at least we can show sustained after tax profits