Member Info for PerArduaAdAstra

Whereas everybody else is just having all sorts of bother with you. For a change.

per ardua ad astra

Good to see we are taking up the slack and providing decent jobs for those laid off by ICL. In light of the fact that it is common practice throughout industry for govt. to provide grants, support, etc. for development, training, and production in the U.K. (such as £80mn for a multinational foreign business like Nissan), I can’t believe I am the only one who finds it thoroughly disingenuous and lamentable for this dysfunctional government of ours to make the most of the photo ops when they arise, yet drag their heels when it comes to supporting this novel enterprise that could ultimately do so much to support this country.

The Tories used to claim they were the party of business. Now all they seem to do is make it more difficult. The trouble is, the other lot are unlikely to be any better. How did we ever get to this? Petty, squabbling ideologues, moaning carping and plotting whilst standing on the shoulders of giants. Truly pathetic.

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Good morning, Cherokee. It is all rather silly isn’t it? Won’t be long before those who only turn up to read, but, seem keen in to report that which they don’t want to read, will find themselves with very little to read. Intolerance at its most churlish.

Regards,

per ardua ad astra

An eminently sensible approach, casapinos. It’s unfortunate you’ve never known a business so intimately, however.

Cheers,

per ardua ad astra

Aww... shucks, Roulette...

per ardua ad astra

Pro-Britain, causal. Pro-Britain. And I honestly believe Britain is best served as we are - with a voice and a say - rather than sacrificing all we’ve negotiated and attained at some illusory and spurious altar of sovereignty.

per ardua ad astra

Oh, no! Not the Norway option. That’d only make us rule takers rather than rule makers won’t it?

per ardua ad astra

A big apple one? Interesting... I must have missed that. Plenty of plums about, for sure.

Cheers,

per ardua ad astra

“No mention of dilution”
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No, not literally anyway Alan. For the rest of us, “A number of options for the additional non-senior debt financing requirement, as previously outlined in the Company's announcement of 6 September 2018, continue to be progressed” told us all we need to know.

Cheers,

per ardua ad astra

Yep, Chris certainly doesn’t hang around or walk on eggshells that’s for sure. Hopefully once financing is tied down he’ll find the time to shine a light and find out exactly where it is that news seems to seep out from. Ruthless an unequivocal action in that department would serve him well.

Cheers,

per ardua ad astra

Caused - no doubt - by a single share being sold.

per ardua ad astra

Lol, jesse. Just in case you were wondering...

per ardua ad astra

Me too. It - and my reply - was deleted within seconds!

per ardua ad astra

Fair enough, but, that’s certainly not how I read the RNS. Of course I am not privy to ST2 discussions, however, “The Company believes that the Alternative Proposal potentially offers a more flexible and attractive solution to its stage 2 financing requirements” suggests to me that this new offer comprises something more than a simple surrender of equity. I can’t say I know him intimately, but, my feeling for Chris Fraser is that HE wants to build something tangible, enduring and - of course - financially rewarding. I cannot immediately see just how he will manage to do that by giving away the company now. Still, not long to wait.

per ardua ad astra

You have absolutely no way of knowing that, casapinos. And your inflammatory and emotive rhetoric does you few favours imo. The ‘Alternative Proposal’ is from a “major global financial institution“ — how many of them do you suppose are actually in the mining business?

I’ve thought on many occasions that you get a hard time here. Deliberately unsettling supposition such as this goes a long way to explaining why, however.

per ardua ad astra

“the computer does determine the sp”
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What are you on about? What computer? Yes, computers are having an increasingly influential effect on our day to day lives, and with advances in AI also making ‘judgments’ about us predicated upon our behaviour (Big Brother certainly is watching you!), however, there is no omnipotent super computer determining share prices. If there were, and you were an equity, rest assured it would be shorting you.

per ardua ad astra

It’s not illogical at all. You just seem unable to grasp it.

per ardua ad astra

“we don't need the share capital just now...debt now with dilution later (when our SP is higher) would be ideal”
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Undoubtedly. But won’t those providers of debt recoil at being “exposed to shock” by lending anything BEFORE “a healthy dollop of dilution”?

per ardua ad astra

Not convinced the name calling warrants a response, however, it would appear that there are simply several things that you either do not have a grasp of, or, simply refuse to admit. In the first instance, can you tell me who is currently at the top of the order book - both the buy and sell side? No? A pity. Because if you could, then perhaps you’d see it’s not actually a market maker anyway. It’s someone with DMA. Ergo, a buyer or a seller. Just one that’s likely more sophisticated than you.

Secondly, in high volume SEAQ stocks market makers are there simply to provide liquidity. The do not ‘set the price’ as suggested above. Of course they do have a role to play in price when it comes to some shares on the junior AIM market (perhaps your thought processes originate there), however, they are certainly not the driver in price here. They can impact price discovery by providing liquidity, but, if there aren’t buyers and sellers in the market then that liquidity will remain unused.

Lastly, thanks for the cogent demonstration of the Dunning–Kruger effect. In future before you call me stupid and suggest that I am being illogical, no doubt you would be well served if you could apply a little logic yourself.

per ardua ad astra

“The reason for the pull back in sp is the responsibility of those who make the share price”
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Of course. Otherwise known as buyers and sellers.

per ardua ad astra