Member Info for NicetoMichu

Impressive, in fairness.. if I wasn't fully loaded here already I'd defo. top up at these 1.70p ish levels.. this is cheap now by almost any standards imho.

While I was enthused by their first participation here in Jan, I'm little if any enthused by this Trafigura latest participation.. I wonder how much it's about strategic partnerships etc at all and feel mostly that they've bullied PPC into this as they're in shock at how badly their first subscription - only a short few short months ago don't forget- was now looking and realised it's a hard fought journey back to even to 4p here now.. and so might as well average down big cheaply and get to keep even stronger tabs on Peter Levine's management / skin in game here.. granted the last bit might be useful as he's struggled here one way or other for a long time now...

Only in Jan don't forget:
..'Subscription at a price of 4.04 pence per share (the "Initial Subscription Shares") and, at Trafigura's option, potential further subscriptions of up to US$6 million through the issue of further new Ordinary Shares at a price of 4.65 pence per Ordinary Share.'

PS : The way to get such share prices rise is via chunky buying in the open markets but II's seem almost never to do that these days… and without big open market buying by II's - or company share buy back schemes too - it's hard for the s/p to go meaningfully up at all.. while I mostly get why they don't buy in open market - push the price up quickly for little buying and when finished share gets dumped by others etc - I don't always get it, especially when s/p very low and they bring it down further by 'achieving' a punchily discounted raise subscription.. alternative eg if they'd bought say USD2m worth around the time this was rising recently towards 2.5p, this would have gone back to or above their original buy in price, I'd expect.. and even if dumped into it would still settle at 3p plus, I'd expect .. and it's now half that and needing strong buying from somewhere to rally .. etc... ?

( if Schroders really are ongoingly dumping here and Transfigura are aware of that then that puts a different slant on things on afore example granted.. but would this have rallied from 1.25 ish p to 2.25ish p if Schroders were consistently selling into that rally... )

sad that 'normal service' seems to have been somewhat resumed here...

agree with FK1 that without - good - news this can still go decently lower from here.. but support from me at least would come at around 1p, if this weakens further.. my position is only a small few k here now and that's too small in my mind.. but, I'm still waiting for good news or further weakness before topping up here...

Buy low, sell high..

I'll look to continue to play the ranges here and taking my chances on consolidation and the general rest....and having sold a tranche at approx. .12 fairly recently I've bought them back now.. towards bringing my overall average down too...

Have been here for a few years and horrible journey that it has been there has been some spikes up along the way too and I believe there can be more in the future too, not least as I see this as very cheap, even by this companies awful lack of delivery standards, now.... obviously it can of course go lower if dumping continues but I'm open to buying more then.

It's great to see you back posting regularly here Brasso ! And AParky has every right to be negative here too.. and witty with that is great too imho.

Again, this share performance has been utterly appalling...and Brasso explains sundry good reasons why and seems get close to zero credit for this .. ridiculously, touches of distain sometimes even..

Peter Levine can get as excited as he likes for the nth time...but bottom line is he has, altogether, raised large here, spent large here and, in that context, has delivered very little here so far, obviously.

Granted the macro background has been awful in a lot of ways over recent years ...but the share price is the benchmark and speaks for itself.

Plenty of potential here still granted.. and here's very much hoping.

Ps; forget 5p or more... 3.5p is 'all' I'm looking for here.

Thanks TheWednesday .. I'm happy to take it Mads meant nothing by inferring I was over-estimating my gain - ironically I actually underestimated it a bit for round number purposes - and move on :-)

I still hold a fair few hundreds of thousands of these doggies?/puppies? and am open to build that out to a million or two one way or other as we go. Indeed probably having sold too much of my xtr bet - a lot bigger than my lnd bet- recently and having TSG - decent size at least - as my only other gold play I'm all of a sudden feeling light gold stock positions.. not least after todays market wobbles.. and more such wobbles very possible now too of course .. all helpful to gold stocks generally I expect... and maybe/hopefully Lnd too !

Everybody is entitled to their opinion and good learnings can come off the back of all sort of postings...

('DragonSlayer' I think it was from II boards back in the day.... and he was up there with Mr Colin Bird himself for entertainment value imho)

I hadn't read Gixxers before posting mine ..

SNAP

I've just had a hell of a thought btw : you wouldn't be our Welsh dragon comrade prone to cycling for too long in the valleys from II bulletin boards back in the day.. now posting under a new alias here ?

''Manica itself was only potential until CB got hold of it.''

You say that as though he has delivered hugely already at Manica 'backtothesoil..'

I must have missed that :-)

Alluvials have been a bit of a joke and there hasn't been anything else yet....in how many years now..

How dare I question Mr Colin Birds delivery record at Manica, no doubt.. not least as he has delivered precious little there so far.. but lots of potential there and elsewhere no doubt.. as we've all been saying a lot for a long time now..

even if they sell the company outright sometime in the next 6 months George - fine by me if they do but they may easily not for a multitude of reasons - then I suggest there are many twists and turns to come here for the s/p in that time.. ie a lot of movement across wide ranges.. as eg'd by the 80 to 16 p range we've had recently... so lots of traders - and some new investors too - are zoned in on this stock now.. this I believe further underpins my view of big volatility to come here..

buy low.. sell high.. and get haso back in the building..

It's very obvious to me that the some, many or all of the assets here are, one way or the other, worth plenty... so the current s/p is farcically low imho and a function of a VERY strange combination of events.

Patience is a virtue.. but I'm all for Boysie, Trig and Mickey Pearce playing here too... as it's all action and fun. Come back Haso, you know it makes sense !

'A tad' ?! Mads

I said yesterday my average was in the low .80's and I sold in the early 1's .. so .2p profit on the shares I sold

Would .2p profit on 1m shares not be 2k gbp profit ?

Secura rescinding that letter smartly is the basis of any common sense prevailing imho Viveka.

And in the context of that letter currently being a live item, mtph have of course got to rigorously defend their IP.

I'm happy to display patience here.. mtph have a good cash runway now..... and it seems to me secura's claim is very flimsy indeed..

Blackrock are totally out.. as per the RNS posted yesterday ( see first one of the RNS pile under that tab here) and so thats the woodford holding all sold on now I believe

Not long to wait indeed Tier...

...and the guessing endeavours are mostly futile, I expect..

PS: I'm struggling a bit with all the noughts in translation and so very happy to stand corrected but is N600 Billion not decently north of a 1 billion GBP ?

Every little helps.
Michu

Thanks Mads and Dirkus.. can't put my finger on exactly why but I I feel Dirkus's was more heart felt :-)

AIM is indeed a cesspit.. I've just had an afternoon dumbfounded by some truly outrageous stuff over on mtph.l as it happens..

gbp 500 wouldn't go far down Madame Una's I grant you, but gets me a few good nights out eating and drinking... oh hang on there's nowhere to go eating and drinking out anymore.. so I'll go it gets me a lot of good home wining and dining in fairness.

Besides it's not for nights out.. it for adding back larger size here if/when this goes back to .75p ( I added that 'if' for you btw mads! )

PS: if it wasn't for short term range trading I'd have been smashed to oblivion in this horrible AIM game.. I've turned from £10k down from long term hold of afore Mtph from 2014 to20 17 to £10k up from range trading the a*s off it over the last 3 years.. and it's s/p is at its all time low this evening too.. for ridiculous reasons granted

Actually this is the first time I've noticed the below pasted footnote to that last article.. so phased distribution from mid/late Dec 2019 to June 2020....no idea if thats a good or bad thing for save.l getting paid for gas delivered in Feb March, April , May 2020 to Calabar .. but I'll going with good to make me feel better here :-)

''What you should know: The N600 billion facility for the power sector was approved by the Federal Government in September this year. It was scheduled to be disbursed until June 2020.''

Save.l got paid $2 odd m of $18 m owing on that Jan invoice, which is something at least..

The invoicing is for a gas delivered in the prior month eg Dec gas in this disputed ones case and so invoices levied to Calabar in Feb and March for Jan and Feb gas delivered would have been at a time when Nigeria economy was in good shape - Brent was in approx. $55 to - $65 range from start until endish Feb don't forget and had been in $60-$70 range though almost all 2019 too - and hence good money available to pay Calabar and it pay its suppliers plenty around then , hopefully.

Also - per below link - don't forget that one off emergency payment by the government in December into the sector that hopefully one way or other helped Save.l get paid plenty of what it was owed for gas delivered in Jan and Feb to Calabar at least...and maybe even March too...(i.e. invoices raised to Calabar in Feb and March.. and April )

https://nairametrics.com/2019/12/10/power-liquidity-crisis-fg-to-commence-disbursements-of-n600bn-intervention-fund/

good spot kopsf.. you may well be right.. apols..

kopfkissen: on the London Stock Exchange web site mtph intra day s/p chart has 15.15 p achieved at 15.08 pm .. it may be wrong ?
( are you looking at real time trade reporting as opposed to a delayed feed btw..i don't have real time and hence why I used that chart to check )