Member Info for nevergonnaretire

Let's get back on why we have found ourselves here... a multi billion pound company for the price of a High end aim co....
I think we are all aware the reasons why this is sooooo cheap presently, but dont want or need a running commentary of what going on at the front!
Can we all remind ourselves why we bought in at these prices.. ie fundamentals of a well run business, with little disruption currently (that we are aware) to production..
Personally, I would like to hear more on possible split scenarios, share buy back scenarios or using money to buy other companies.. distressed or not..
Also, production targets, what if gold goes to 2500usd or drops to 1500 usd (very unlikely..) and what this does to profits.
I believe auditor will be announced very soon, will this have impact on share price?
Don't comment often...
For transparency, I am in here for 25k shares

bluefin... Tesco to publish documents relating to proposed merger with Booker, including profit forecast and final dividend intention · Circular and prospectus to be published later today, following UKLA approval · Includes profit forecast of at least £1.575bn for financial year to 24 February 2018 · Intention to propose final dividend of 2.0p per share · Charles Wilson to be appointed as CEO of Tesco's retail and wholesale operations in the UK and ROI Later today, conditional upon approval from the UK Listing Authority (UKLA), Tesco will publish a circular and a prospectus containing information on the background and reasons for its proposed merger with Booker Group plc ("Booker"). Within the circular, Tesco will confirm that since the 3Q and Christmas Trading Update released on 11 January 2018, the Group's trading performance has been in line with management's expectations and that it expects to deliver at least £1.575 billion Group operating profit before exceptional items in respect of the financial year ending 24 February 2018. This statement constitutes a profit forecast for the purposes of Rule 28 of the Code. This profit forecast, the assumptions on which it is based, and the reports from Deloitte (reporting accountant), Greenhill (lead financial adviser), Barclays (sponsor, financial adviser and corporate broker) and Citi (financial adviser and corporate broker) are set out at the Annex to this Announcement. Tesco is also pleased to confirm that a final dividend of 2.0 pence per Tesco Share in respect of the financial year ending 24 February 2018 is expected to be proposed for shareholder approval at the 2018 Tesco Annual General Meeting.

Excellent suggestions sm123 ref reinventing clon.. If bod are happy and convinced of clon future and Ghana news imminent, why not raise at a large premium, say 1p and the bod take a significant portion of those shares, would pump confidence around clon, not that it wasn't there to begin with..

Wisecrow is angry at the way the Suggestion' of a placing has been put across all over twitter and other sites.. Cant blame him as its flattened the share price in the short term and as much as I don't like the way Doc H or BMD go about their business, a large chunk of the time the are somehow correct, now wether that's to do with insider knowledge or pressurising the share price no one knows.. But there is an easy way out of this.... RNS - we are aware of current media speculation ref funding / placing and clon either confirm or deny this is the case, the longer nothing said, the more downward pressure on the price.. And wouldn't be surprised if a short was involved as well..

Clontarf Energy, Caught the markets eye by announcing their newly awarded block 18 in Equatorial Guinea, the company rolled out the big numbers however casually ignored the financial capacity needed to deliver the relevant seismic data to fulfill its agreement of drilling a well (assuming targets are identified) you can find my more in-depth comments on previous posts, however I note you reference the companies current balance sheet, review the directors remuneration of circa £900,000 (owing) and the fact the work program was factored as funded before the material change of new assets or the outstanding liabilities considered. CLON have also released further news from Ghana, and whilst the asset could hold some future value the Peru & Ghanian assets are now booked intangible from tangible.

Why would brokers force a,placing jarv?

DH and others adamant that a placing is going to happen.

Doc holiday still commenting on twitter, basically saying expecting a placing to cover costs of drilling or JV now... Not to fund ongoing business..

The rns didn't help the twitter bashing Imo, as looked very rampy indeed, may just be that news is very imminent.. But to many a prying eye may look like a placing is imminent..

Was looking at that earlier, out for himself, twitter is the devil when it comes to ramping shares..

Mms can make the same amount of money on the way down as on the way up.. Drop the bid, widen the spread, take it down to 0.5p still making decent margin, technically meaning some of these overhang shares could be seen as a free ride on the way back up.. All in the margins Imo.. Anyway, I agree that this will be or could be 1p shortly as too much good news to hold it for long..

Traders kicked this drop off, PIs then panic sold.. Drop to low 50's or high 40's today, and then boomage - pi55 off traders, jog on please.. This mornings rns did look a little rampy though, but it could easily be the sign that BIG news imminent..

Buying or selling:)

Funding was at the back of my mind..

Forgive my naivety, but why would clon release an rns like that unless further news was imminent...? Very rampy indeed Imo.. In a good way..

Cant dig back that far, but I bought some slightly lower a little after 11am, stick my neck out and say buy... Either way its a trade, and keeps the liquidity going..

Ramped to death, traders now gone..? <10% drop today, ship steadied for now.. What chance of a penny plus short term now..? Come on wisecrow, surely I'm not the only one left standing without a chair.. :)

Wisecrow, just goes to show how much or how many times these shares in free float changed hands yesterday, heavy trader arena! But today getting stickier... :) the floor is well and truly forming Imo..

That'll be a one bagger, hoping for more... Ehem.. 2p! Less than 12mill mcap

Alright build... :)