Member Info for Notperfect

Too soon to assume CPI are offloading further, imo. Overall I'd expect CPI to stay in till NFX is running profitably.

More likely to be frustrated traders and other PIs who have been told to expect positive news and aren't seeing it.

Not showing here yet.

https://www.investegate.co.uk/hummingbird-res---hum-/rns/standard-form-for-notification-of-major-holdings/201909041018401951L/

Wonder if we'll see another one soon for whoever picked up the larger chunk?

Has anyone besides m-oz heard a rumour?

Plus, if you have heard a rumour, m-oz, I'd have thought you'd be selling elderly relatives to buy every share you could. And telling us about it.

It did look to me like a lot of small random number sells were being used to push the price down a few weeks back. I could believe there was a hidden player behind that. That seems to have stopped. As always, unless someone breaks cover with a TR1 it's difficult to know if a trading pattern is real or just wishful thinking.

Sounds like you believe H1 news is overdue. My understanding is NFX's year starts on 1st April so would H1 not run to the end of September? No pressure then to issue news ahead of the AGM, though we'd all welcome (good) news whenever it comes.

To expand on my first comment

The first large transaction was 21,258,503 shares. This is precisely the last quoted holding I can find of Gold Fields.
The following two transactions are 15,512,105 and 5,746,398 which add up to exactly 21, 258,503. I believe we are seeing 21.26m shares being moved, not 42.5m. The numbers fit exactly with Gold Fields and not Sustainable Capital.

I have seen something similar where a company has moved a holding to separate entities within the overall parent company. In that case Gold Fields would most likely still be the ultimate owner and no TR1 would need to be issued.

Another possibility is that it's an arranged sell by Gold Fields being split to two new owners. In that case we ought to see TR1s, at least confirming Gold Fields sell and hopefully identifying at least one new/increased holder.

Whatever it was, the shares were not being made available to retail buyers as it was remarkably difficult to buy a reasonable amount all day yet someone was prepared to take large amounts from me all day.

Interesting times.

Whatever the explanation it has been very difficult to buy in bulk all day and extremely easy to sell in bulk.

Think it might be something other than Sustainable Capital selling.

21,258,503 = 15,512,105 + 5,746,398

Looks like Gold Fields either offloading in an arranged way or perhaps just moving things around internally.

By the way, if anyone is missing AIM4, he appears to be posting on AD*FN where he's (still) arguing with someone called pennyfalls who I think is pettycash from here a year or so back and who was probably also last night's poster who disappeared this morning! ...plus ça change, plus c'est la même chose

groupplease, you aren't paying attention to your own thread which was nothing to do with protecting capital, ;)

Utter rubbish groupplease

TW was also very critical of Harry's latest shoot-yourself-in-the-foot funding which I think is driving the recent price action.

It does look like Tulu Kapi will happen which should help the SP, but the longer the delay the more damage will be done by the CLNs.

Doesn't look like the 1.2 support is still in play. It does look like the new shares from the refinance deal are being dumped.

Waitforgold

It might help your peace of mind if you spoke to NFX directly about the payments and the process they are in.

Actually I felt it was a very positive move that Yatai were taking 001 forward, now they are NSB's parent company. They are probably much more geared up for this than the NSB subsidiary. I had wondered how Yatai viewed NSB's projects but I think one of NSB's heads joined the Yatai board so it must help to have a NFX supporter at the top level.

I agree in the short term it will have added a new layer of bureaucracy to the payment process but getting payments out of China was already very bureaucratic and in the longer term it will possibly makes royalty payments easier.

You have a new name, PO, but I recognise a cautious voice from the early days of NFX.
You held NFX at one point in those days. Did you hold through the run up to NXP001 results?

I agree with you to a degree. Money coming in from China will reassure some here. Earlier China payments did, and I expect the same will again. However, I also think sentiment will pick up here too. This feels less like a falling knife ( oh you are a tease!) and more a dip through drift from a news gap, nervousness over slow payments from China (hardly an uncommon problem for western companies), and probably extended profit taking from the base camp/bobble hat traders.

I think it will take some time to properly value NFX but if initial success with NXP001 was key to underpinning this company, I'll be amazed if people don't get more excited as NXP001 commercialises or spins off in other directions, or about the potential of NXP002 or the cannabinoids as they develop, and always with the possibility of bigger surprises. It still looks just such a fun company to invest in.

Would you be confident enough to sell up now in expectation of 6p next week?

"The Directors of Botswana Diamonds (AIM: BOD) are pleased to announce that the Company has raised £250,000 (before expenses) via the placing of 50,000,000 new ordinary shares (the "Placing Shares") with new and existing investors at a price of 0.5p per Placing Share (the "Placing"). The Placing Shares represent approximately 7.98% of the Company's issued share capital as enlarged by the Placing.

The use of funds will be to continue diamond exploration efforts in Botswana, progress the Thorny River bulk sampling programme, bring the Marsfontein dumps and gravels into commercial production with first diamond sales expected by Q4 2019 (assuming customary regulatory approval) and for general working capital purposes."

The process with deferred shares is just a fancy technical means of changing the nominal value of KEFI shares from 1.7p to 0.1p. No, the nominal value of a share does not relate to its SP - Harry's quite capable of managing that for KEFI without technical help. For comparison, I think Glaxo shares with an SP over £16 have a nominal value of 25p.

Changing the nominal value of the shares gives KEFI the flexibility to raise funds below the old nominal value of 1.7p. Given the SP has traded below 1.7p for most recent months, this was not a surprise move.

Will the price likely drop to 0.1p? Not because the nominal value is 01p. I think Jstar was making the point that if the mine continues to be delayed and Harry keeps raising funds for KEFI at lower and lower prices then the SP might fall to 0.1p anyway. LTH will hope that the mine progresses long before that happens and the SP recovers to more sensible levels.

Thanks gameangler

Good interview, no BS, clearly explaining the revenue sharing agreement and Section 20. Like others I am surprised that last RNS did not attract more interest. Nice coloured diamonds too.