Member Info for okenia

I think uncle was correcting your implication this was an AIM share. Oh god I sound like I'm on the WRN bb ...

What do we know about this new 12% investor - FCA regulated CPPH?

Yes, this isn't Potts selling. It's an increase in shares in issue so he's been diluted and that's changed the percent, hence the TR1

Yes, it's a slow burn probably. However I do like the fact there is a concrete use of the money being thrown at the mine (increasing the output) plus tungsten consumption is increasingly at a very steady rate with no sign of stopping. Good mineral to be in. And as riddler points out, a nice little side-line of value and revenue with the legacy assets. At the very least that'll help pay the plc costs, always an issue for a micro cap. o/t, I notice you got beaten up by the "wrn massive" riskassesor ... that bb has degenerated in a very unpleasant way (although I can understand why given the shadow-director issue hanging over the ceo).

Be giving out speeding tickets for the fastest movement in reverse today by the look of it! lol "Warning, this vehicle is reversing..."

"... none of these discussions have resulted in any agreement to complete an investment nor are any discussions at an advanced stage..." Think a few punters go ahead of themselves here. Come back in six months' time.

Well Dattels is semi-retired, probably only pops in the office a couple of days a week.

Good guess! Chairman of Marlborough Fund Managers no less, bet he has a bob or two and this is an area he would know about. I'm assuming this is a personal stake from the TR1 as opposed to it being on behalf of Marlborough.

Who's ANDREW STALEY?

What's nice about EVO is that the money has a clear use - expand operations by re-opening a second shaft. You could almost do the fab-packet calculations yourself about how much extra revenue that would generate, and thus the ROI on EVO's JV funding. [One assumes this was modelled by the accountants prior to the investment] Classic play in the current market - funding is tight, so anyone with funding (=EVO) can strike really good deals with cash-strapped miners/producers (the W mine). Tungsten is a good element as well - steady upward growth in demand that doesn't seem to be impacted by current economic conditions like we've seen for copper. All good. And as riddler points out, there is legacy money and income from the previous life of this company which most people haven't twigged. With something this size that's a real bonus (eg to pay PLC costs, generate a bit of extra cash for new investments etc .... in fact, to avoid that perennial DL issue of dilution!)

I saw him present in person, deeply unimpressed tbh, I walked by.

jaythraj sounds like one of those disenchanted holders! But seriously, yes, I suspect there will be a lot of illogical toys out of prams from existing shareholders, and thus an excess of the OO for others like you to mop up. I'll probably take a few at 2p myself.

Whereas TAVI MCap is £2.89m I think there is a little bit of headroom here, provided they can turn this around and deal with the somewhat "battered" asset they have scooped up.

You've gotta feel for whoever paid £38k at around 1.3p at the height of the spike - ouch ouch ouch.

I won't post the link as I know many people are somewhat allergic to Tom Winnifrith. However, the first 5-10 mins of his 5th Feb podcast on the SP website is dedicated to Hunter Resources and the context of the recent RNS and SP movement. Have a listen for his thoughts on market dynamics. He makes the (valid but obvious) point that a microcap explorer like HUN will need to raise some more cash at some point to fund operations - looking at the balance sheet tells you that. That's no surprise for a junior explorer, its how they work. More controversially though he then speculates that the (cough) "enthusiastic" RNS is an attempt to bolster the SP prior to a future placing (eg they didn't give the grades for all the samples, they just cherry-picked the best ones). Given the small size of HUN such a placing could really only happen at a discount broker, who would set the placing at a discount to the recent SP. Hence attempts to bolster the SP. You may also like to consider the leaking of the news of the upcoming RNS and the subsequent pre-RNS promotion of HUN on twitter in this context. He also suggest that some more naughty activities may have taken place - again, listen to the podcast, I couldn't possibly comment.

As with all aim shells converting to investment company status they need to make a trivial investment to "fully implement their investment strategy" and not be booted off. Thus you'll find trivial investments hanging around in things like AFRI etc just for that reason. Ignore it, it's not relevant going forward.

Nice to see he didn't tell you anything - too many "leaky" CEOs on spivvy AIM companies having nice little private chats with investors. Full marks for corporate governance there.

It's an interesting exercise to re-read the post from the last 48hrs in light of what you now know. Here's a few snippets from just one of the '24 hour wonders': "I'm targeting 3p so a market cap just above 3million. I think that's more then justified. Think once word gets out on HUN this will move fast again. 1.3 is a steal" "1.5p is the line in the sand here and we should build from here." "With Directors happy to buy at 1.5p therir is no way i am selling at 1p. 2p please at least." "No one is having my shares until 3p. End of." All rather quiet on that front now, as you'll no doubt have noticed.

The problem with a share like this that's been aggressively pump and dumped by well-known names is that they generally go searching for fresh meat, as opposed to revisiting old conquests. If you're thinking "oh this has spiked to 1.5p it'll do it again soon, I'll hang on then bail when that happens now I'm in at a loss" then I fear you'll be disappointed. If you were spiked then just look at your investment and ask yourself whether it'll make more money here than elsewhere, and act on that. If you think this is a good investment at this price then stay, if you don't they go - it's just money, it's not a girlfriend who will be found sobbing her heart out if you sell up and move on!

I did notice your 'big seller' comment dh ... I was thinking exactly the same at the time. During the spike did I see someone do a £38k trade (must have been a buy) at some stupid price like 1.25p or am I dreaming? Bet they're wincing today.