Member Info for ontarget

Always the way with a share that's been through the mill and fallen a lot over the years, so no surprise there are plenty of stale bulls around here. These are holders from when the shareprice was many multiples of the current and have 'written off' their investment. Due to their own (you could say poor) investment decisions they held over months and years of downtrend and now snipe at every opportunity - it temporarily makes them feel a bit better you see. You have to wonder why, if they have such a low opinion of the CEO that they chose not to sell up long ago. So ultimately they are p*ssed off at their own poor investment decisions rather than the management of this company, as it's their own decision not to sell - despite the negatives which they obviously could see - that cost them their money.

Mind you I've seen a lot worse on AIM. Bell used to be on £600k+ over at RRR/RGM if I recall correctly.

Indeed, over £200k last year. Let's hope he delivers shareholder value or he won't be 'earning a crust' for very much longer!

After listening to him on the recent podcast, I would say based on that he seemed like an honest bloke - more so than the average AIM director, e.g. when he was explaining the reason for the second placing despite previously stating they were 'fully funded' he didn't make up some bs he said the plain truth - that the broker offered more funding on the same terms so they would have been foolish not to take them up on it.

A lot.

It appears Alset's samples were not from the surface either. Bit misleading calling them 'soil samples' perhaps?

They are just soil samples, so can't tell much from them other than there is a good chance of Li mineralisation beneath.

is now rocketing. Can't be much longer until silver becomes 'in play' again. Great stock to be in for that regardless of the Lithium.

That's true for the DNi process, but they don't have to use the DNi process at Mambare. It's a large nickel resource of decent grade. As I said earlier I don't expect RGM to develop it but sell it.

Mambare COULD turn out to be another one if the Ni price continues to improve, although giving 50% of it away for exclusive use of Dni technology was clearly utter buffoonery.

I'm not sure there's that many who adore Bell, and I agree he generally appears to be pretty incompetant. However he does occasionally come up trumps (no pun intended), such as with the UKOG deal, and Jupiter would be another example.

zumore what has historically held this back is over-use of placings. You could argue now that the company has well over 50% of it's market cap in cash or easily liquidated investments that this factor has now been removed.

Has anyone noticed that the nickel price is rocketing upwards? How long before Mambare comes back in the game. Could well see some interest from the Chinese or others imo. We know Bell likes to sell on his projects if he can - saves him from focking things up :)

What's wrong here then, do they have huge debts hanging over them or something? Because on the face of it this seems like it should be much higher.

Not an issue really. A few more 20M+ volume like this should get rid of the small % profit takers.

No the placing was at 0.50p.

Probably some placees selling for ~20% profit. Maybe stop-profits?

Yep, good to see.

Well it's improved a lot since I posted that, but it's still not really above average levels (i don't care about the % of the market cap I care more about relative average volumes as these have clearly not been enough to move the shareprice in any significant way). According to my L2 provider the 10-day average (per day) is 7M, so we only just pipped that today even with some chunky trades showing by the end.

I hope you're right Sopbel. Volume is pitiful here at the moment and it needs something to wake it up.