Member Info for pablo2

There are two things to say about the news (and I am ignoring another shocking set of numbers as these have become a given these days): 1. AT LAST! Somebody has finally done something sensible to the company. The biggest problem here has been management which constantly over promised and under delivered but, worst of all, did nothing about it, choosing to burn cash without taking any mitigating actions. 2. Why wasn't this done a year ago or more? Whilst the reaction in the share price is the usual knee jerk from private investors, this has surely got to be good news. The alternative is that we stick with previous management all the way to oblivion. At least this gives some hope for the future even if it is with far more shares in issue. I do feel for Barry(The Ex MD) - he is a nice guy but he has been promoted to his level of incompetence and he has done the honourable thing. Remember also that he has personally sunk a lot of money in this company and has a significant holding, all at a loss. In the short term this may well dampen the share price as well - I can't imagine he is going to hold onto them for long.

Re-reading : Convertible loan converts to shares at 6p - NOT BAD 50,000,000 new shares @ 4p - about a seventh of the previous total - Bad Ongoing Gold Production - currently at a loss - new team to change this - Good HOLDING my small holding

Big RNS - shares issued at 4p - bad. Production results - bad Future in a couple of years - not bad - - - -- what to do, take a loss?

Did you say you'd copy the IC summary? These shares seem always hard to get hold of - 35% only Free Float is causing it I suppose.

today. They are churning over, maybe a holdings RNS soon?

They're rating it a sell now 'cause of the warning. I should have sold and taken a little profit but will hold now for a while. Sentiment is def. bad at the moment but should turn around. They should hold above 40?!?

I suppose the word 'However' in the RNS from Bill howell : 'However, the final hole of the programme, HCD05, intersected increased quartz vein density, which suggests that there may be another porphyry intrusion at depth which could be the focus for further work on this large system.' must be the problem. This doesn't sound anything like 'we've struck Gold'. So it looks like keep on with the drilling program and hopefully it will be profitable to mine. There seems to be no Oompf in the RNS just geological speak for OK to keep looking. All IMHO

They don't say when they're announcing but it could be today. However, aren't the Aussies going to bed soon? Think this has a better than 50/50 chance on news don't you?

These trades are probably sells and are the placees from 6th December unloading some of their stock. They've been doing this on and off ever since Dec 6 - and I understand it's basically the way the change of ownership of the company is progressing. The 'existing' shareholders and Loan Note holders were granted the shares for a cash injection. The new team with Bruce Rowan are picking up the shares - hence the holding RNS's that follow. We're hoping that Bruce and the lads have big plans afoot for a change of tack of the company and will make an announcement to this end one day - and, hopefully, Bob's your uncle, sp goes rocketing. That's the way I understand it anyway. 'Mytrades' and 'Comedy' are the leaders on this. GL DrlRaven, Handy, and Astral

worth it? Lol - sorry, couldn't resist it. Might get a few more tomorrow, though it is a little strange how the deadline for their next RNS is slipping. It's perhaps a little ominous of a deal that is struggling to complete?

seem to be running neck and neck at around 23%. Not connected are they? Any BSP?

End of today - or sometime soon? And BSP - are you interested in them?

on the PGB front. Can anyone buy? Does anyone want to? Maybe the news has to be digested a bit more for further movement some time soon.

People

Gotta be soon - and surely good chance of GOOD news

I think

@ 35p 10 mins ago Simply Stockbroking rang up mm for me

This explains the sudden movement - this came out of the blue didn't it? Mar 14th predicted results but there was no warning of this update. Statement doesn't look good in that previously predicted annual profit on Nov 17th was 7.8m - now down to 4.7m Cash saves it, but I'm not as bullish now.

Anyway, scary but lucky for me. I've been looking at the graph and 80p or more looks a good target. Do you use Bollinger bands and 3-line SMA on your charts? Just starting to myself, any advice on charts?

4 pm total trades 150,000 4:30 pm total trades 850,000 including my top-up @ 51.65 Bit volatile!!