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Back to it's IPO price before any activities had started!

Yes that's as i read it Banzai. As to the contractuals, I've not read the agreements and I'm not a lawyer so I can't comment.

As to the share pirce reaction, just a sign off the overall market with copper and gold heavily sold and MM's protecting their spreads.

Sorry, BMG wants to sell its 10% stake in TDL which NCC is the majority shareholder of.

Zombi as I understand it BMG now wants to exercise it's put option and sell it's 10% stake in NCC for $2m ASD based on the 2016 SPA. NCC are saying they amended the terms of the original agreement this year so that BMG would instead recieive a net smelter royalty once the mine is producing.

I'm sure we'd all appreciate an update on the projects we originally invested in. I'd like to hear from Martyn.

Copper/metals price slump/recessionary fears/lack of comms from the board/MM's dropping their bid to protect their spread in a falling market.

Yep good for 360 now.

Fundamentals aside, it's broken through resistance and now sitting above the 50 day ema on the chart. Could be a turning point.

Continued larger buying activity this morning. Momentum turning.

I was watching this closely at open. This update came a bit out of the blue and there was huge selling pressure at 300 to counter the buying which suggests someone is very keen to suppress it here as this has become a key level. If they start unwinding their position and this tips over 300 it could race up to 350 I'd suggest.

Correct Irish, incredible expansion opportunity now, notwithstanding their existing operations which are coming to fruition.

Anybody know why CMRS isn't appearing on the risers board? It's main market.

Yes I've bought this morning. Reading the RNS's this is a crazy opportunity at this price.

Just read his tweets. All I'll say is that I'm relieved I'm long.. :).

I keep an eye on short tracker and have never noticed any short positions against KAV, though I might have missed this. Even so, I don't have any issue with people shorting companies they believe will get cheaper, it's all part of what makes the market. Could it just be that he suspected people were questioning their funding position (thus potentially shorting) and by getting the placing out the way that reason is removed?

It is not sensible for companies to give any indication of placings prior to the event as it is a sure way to destroy share value.

That said, I'm looking forward to tomorrow's update. Thanks for the info from those in the know.

Interesting development, these two obviously have ambitious growth plans and good to see Martin remaining in an advisory role for his expertise.

I had a very lucky run with this share and now watching closely from the sidelines but feel for those who've taken a bath over this debacle. One thing's for sure, this will give MS even more drive and he'll be even more determined to 'prove the doubters wrong'. I can see a dramatic recovery once this is out the way.

From a technical perspective the chart has turned a corner and there is no resistance up to 3.95p. If yesterday's update/imminent news can push us through that we're really back in business.

JLP have never been prolific with RNS's even when they've had lots to shout about! They tend to provide periodic detailed updates rather than ongoing commentaries on their operations. I'd expect them to provide a full plan once the agreement's done.

Positive update on the face of it with new contract wins but gives no insight of customer churn/retention which is the real challenge in this industry.