Member Info for ocelot

Thank you for your informative posts, Bubblepoint.

From Wikipedia:

Future mining

A 2012 report conducted by Snowdon Mining Consultants on behalf of the previous majority owners of the mine, Gold Mining Wales Ltd (GMW), suggested that as much as 500,000 ounces of gold could be lying untouched in the area surrounding the mine,[4] giving hope that gold may again be extracted from the Clogau Gold Mine. Alba Mineral Resources are now the majority owner of the mine and are currently drilling to assess the commercial viability of reopening parts of the mine ...

Spot gold currently $1,980.70 before factoring in any premium for Clogau gold.

SizeOfAcorns,

That's my understanding of what Alba have been saying, too, that what they have found may be the equivalent of what has already been found historically in the mine.

Indeed, the last RNS v Finch v Surrey CC goes back to 21/06 so these 2 matters have been hanging over the share price for the last 5-6 months.

PS: what a long wait it has been! The first RNS re the need for 7 inch guns dates from 23/05, almost 6 months ago.

Could come through any time at all.

Note: following the UK's reversion to GMT, Ankara is now 3 hours ahead of UK time.

So any RNS is unlikely to come after hours.

Peel Hunt LLP have disclosed a 10% holding in the company this morning.

The company's brokers are Zeus Capital and Peterhouse Capital.

It's the market cap that matters, not the number of shares.

... the company has produced a detailed Geothermal Development Plan. The Geothermal Development Plan is split over 2 focused areas, with each area's work program broken down into 4 Phases. The program kicks off with further 2D/3D gravity and heat flow modelling, a comprehensive seismic survey, shallow drilling and finally a third party Feasibility Study. (interim results RNS of 30/06)

Not much news on this front since the interim results.

I saw that about a couple of months ago but didn't think to post it on the board.

How does it affect Angus? Kemexon does have other interests besides its investment in Angus.

Rwanda - some much-needed common sense from the Supreme court.

Now for Finch v Surrey CC.

Re HH, await the Supreme court judgement in Finch v Surrey CC (but the Rwanda judgement comes first!).

Bubblepoint,

You calculate % turnover on the basis of total issued capital, I will continue to calculate it on the basis of the float.

That way we are both happy.

In theory, you are right. But, in reality, a lot of stock is held in firm hands and not available for trading.

The quickest way to calculate the float is to look at the stock held by significant shareholders. It's not perfect but it does provide one with something with which to work, so it's what investors do.

Bubblepoint,

Nothing to do with wangling, perfectly normal way to look at trading volume.

Why do investors calculate the float?

Why would one look at the total number of shares in issue when one knows a good percentage are not available to be traded?

42.32% of shares are in the hands of the significant shareholders, so the float is 57.68% or about 2,397m shares.

Today's volume of 32.3m = 1.35% of the float.

Late trade, day's volume up to 32.3m.

Livelier volume, 29.0m shares before any late reported deals (if any).

Well spotted, DaveysShares. Ludwig Bricout will be of the controlling family.