Member Info for oneeyedchris

My view is that if he wanted to launch a takeover bid he could have done it when the sp was hovering around .08/.09. Why wait until it is .11/.12?

New Funding 1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance to the SME sector, is pleased to announce that it has agreed a new funding line of up to £500,000 ("the Facility"). The Facility has been agreed with Ron Russell, non-executive director, who has an interest in 993,323,335 shares in the Company representing approximately 29.25 per cent. The Facility is exclusively for the purpose of writing new lease contracts. The Facility will be subject to an interest charge of 3 per cent. per annum and is repayable on demand. There is a 12 month limit on the availability of the Facility and no fees other than the interest charges apply

I will build up my investment again later. This is a marathon rather than a sprint.

Ha ha I like the image of the cobwebs and dust - probably not far off the truth : ) I have reduced my holding from 11m to 2.5m. I still have faith but it is too slow. I'm not after making a quick buck but I do want my investment to increase in value.

on the bright side, it looks like diamond production has been higher than hitherto reported :-)

Well, I bought some at 2.81 so it can certainly go lower than 3.5! My take on it is this: There has been an accusation (by whom we don't know) that diamonds have been smuggled from the mine and sold illegally. Some officials in the ministry are allegedly involved alongside the mine management. The Directors of Firestone are not aware of any wrongdoing by the Company. There may or may not have been illegal activity and this is being investigated. There is no disruption to the mine's operations. If the allegations as stated are proven, there will definitely be reputational damage to the company. I take the BOD at their word that they were unaware of any illegal activity. I find it implausible that they would contemplate any such activity. However, if it is found that smuggling on such a scale was true, it highlights a severe lack of management oversight. I'm in for about £2.5k at an average of 3.6 so I'm happy to take the risk that this will blow over.

Interesting that most transactions are 2.80 or 2.81. Can't tell on here whether they are buys or sells (apart from mine).

shows as a sell: 30,000 at 11:48

topping up at this price.

Yes, the original target was either 0.13 or 0.15 (can't remember exactly). Either way, that is a considerable re-rate.

The arch deramper poking his snout in to ttry and impress us with his 'expertise'. ******

http://www.investegate.co.uk/CompData.aspx?code=OPM&tab=announcements

oooh, thanks for the warning. Us naive and ignorant investors really need an expert like you to tell us what to do.

Bid .12 Ask .14

It may not jump today but the good news keeps on coming. It will respond in time. Interested in what W H Ireland say as they have previously rated it as 0.13

How true, as witnessed by the constant decline in the value of my shares. I'm just clutching at straws so I don't sink into complete despair!

http://www.proactiveinvestors.co.uk/companies/news/44321/vatukoula-gold-approaching-a-tipping-point-in-underground-mine-development-44321.html

not to have been received very positively. I wonder why.

shareprice.co.uk shows it as up 7.45% this morning.

Thanks for your regular posts Thesaltire. I wonder why there is no movement here.