Member Info for Oily1990

Spring going off _ shorts out

100k plus trades all week….not sure they are all just traders, just accumulating what’s around free float

Keep an eye on this one the bigger buyers have started loading up again - with free float drying up the MMs will drive the offer price higher……holders will be rewarded

Most definitely and I think therefore this is the perfect opportunity to get involved and/ or buy more sub double digits. We have seen the larger buyers cleaning up at this level all week, as perhaps some might be aware of what is around the corner. I have added too

Updates on Port Development and Strategic Partner announcement is close.

The update advised that significant progress has been made in securing interest from large scale port development companies interested in participating in the development of port infrastructure for the Zanaga Project. There had also been significant interest in the development of the Zanaga Project from a number of parties. Discussions were ongoing and an update would be provided shortly.

This was at the end of March……..I think it would be sensible to think that we are due a further update imminently.

Bigger buys now coming through, won’t be long before the mms gap this higher

Definitely some stakebuilding going on……even a low ball offer of £250m and that gets us to a sp of 35p. Never no smoke without fire

Buys are going in - spread is misreading them as sells, expect a tick up. Small free float

Ticked up again……big buys filling

Buyers loading up we are now pushing 7.8p…….

251K buy at 8:06am

Not so sure as we had multiple buys over 100k and a 394k buy at close. I think there will be significant news soon and some are now stake building. Traders exited early doors at 6.5p this morning, but the offer price is now at 6.85p and the bid is climbing. Wonder what people will be spouting when this moves back up.

The publication of the Company's 2024 Feasibility Study cost update in March 2024 resulted in a number of potential strategic partners engaging with the Company to better understand the Zanaga Iron Ore Project. These discussions remain at an early stage.

394k buy filled along with multiple larger buys yesterday, so for me there appears to be some stake building going on.

Multi billion dollar iron ore deposits make this a probable target for a major.

Well it certainly looks like someone’s been buying up the stock today……..

Valuation compared to mineral resource of in excess of 3 billion this can easily be worth north of 60p

Looks like there is strong demand here today…….news might be well worth it.

Certainly believe strong move is imminent

Uptrend to continue, no news right now supports the view that PFC are trading their way out of the situation with the collective support of the cohort - lenders, bond holders, customers. No material news to report right now also suggests there could be negotiatiations progressing and that a suitor or suitors are circling. Too big and established a business to disappear and with the amount of business secured this is a steal right now. Even a 150m offer will treble the current market cap…….not what some LTHs want to hear, but the reality is that the potential gains from here are quite significant.

14.15 UT finish……we go again tomorrow

200k buy…….running up the offer