Member Info for PerArduaAdAstra

“I imagine it was his way of saying he thought there was a leak.”
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And there was me thinking it might actually be little more than a banal diversion from more pertinent line of questioning by ‘Chris’s man’.

per ardua ad astra

“their cost prediction is flawed?“
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How so? A more accurate appraisal of geology requires revision of MTS tunnelling costs. Where’s the ‘flaw in that’? Answer that and I won’t think you’re talking your own book.

per ardua ad astra

Hi, Chloe. A ‘house stock’ is nothing more than a company promoted by any particular brokerage. As far as Shore Capital and Sirius is concerned, alongside JP Morgan, WH Ireland and Liberum, they are what is known as ‘house brokers’. Which really counts for little other than the fact that that their ‘opinion’ is on the Sirius shilling. And should be taken as such accordingly.

Regards,

per ardua ad astra

“16p tomorrow”
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I’ll take that wager with you.

£1000.00 to the charity of the winners choice to be paid directly via JustGiving or an equivalent facility.

Or will you admit you are just talking b*ollocks?

per ardua ad astra

“Particularly concerning/confusing for me is the MHF to port conveyor - ~$100m. from the 'Project Schedule' this takes a year to build, half that time being when full 10mt/y production is already up and running. Trucks and trains, ~7mt+ of product, over one year - 800kt/m in the latter half? The logistic on that looks very heavy. Unsurprised LN raised an eyebrow. I think in time there will be a different solution. Has to.”
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Indeed.

per ardua ad astra

“I just don’t know.”
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And neither do I really, tbh. All we can do is make a best guess predicated upon our research and our past experience.

Perhaps we should base any decision upon the information helpfully shared by a two-time poster who claims to have been a holder on that sunny day in 2015 but who now, somehow, claims “a real assessment” is made by one whom has forgotten the vote actually fell 8-7 in favour? Then again, perhaps not.

Anyone ‘trading’ the share price over the next few days will undoubtedly currently have their head in an array of different places. If you do seek to invest in this proposition for the long term however, in the grand scheme of things, current prices will prove to be something a bargain. Of that there is little doubt.

Good luck whatever.

pe ardua ad astra

“So best case scenario is we raise 400 million shares via dilution“
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You might be entirely correct with such a supposition. There may well be more dilution (don’t think I am happy!) that is not to say, however, that as elucidated earlier, it is the only option open to us. Yes, today’s news sucks. After all the years I’ve been involved here, I can assure you, it really does. Notwithstanding that, there is still scope to explore other options. And whilst I woould concede subordinated debt, or a strategic investor may perhaps be more difficult to arrange, that is not to say the easy option of further equity is a foregone conclusion.

I understand many holders will be disappointed and disillusioned today. Yet, there was much to be pleased about from a de-risking perspective. As you well know from previous postings, I hate to see the machine chewing up the PI as much as anyone. All is not lost here yet though. And prophesying a worst case scenario only serves to make it more likely to my mind.

per ardua ad astra

“Chris should approach the pi. I would happily loan them £50k for a 6% return to keep the filthy bankers from making money out of us.“
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No doubt he requires funding from sources rather more robust than those who claim “100% debt” one week, before stating “that’s it for me“ when things don’t go exactly to plan?

per ardua ad astra

“Although we don’t currently know what the offer price will be.”
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IF there is any offer price, Andy. You keep talking your book though fella. After a year or so of apparently playing the ‘long’ game, you might have once or two here convinced.

per ardua ad astra

“who constantly change the price they quote until about 17:05.”
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I’m not with HL, however I strongly suspect that their price changes simply reflect the orders that are removed, or remain, as and until their data feed ends at 17:05. If you had live access to the book as I do now, you would see a bid of 25.99 and an ask of 40.00. As I say though, it means nothing.

Cheers,

per ardua ad astra

Hiya, John. Noticed your message and had hoped another moght have answered in my absence. However, there isn’t a bid or an ask after close, mate. Ever since the market closed all there are, are obsolete orders that no longer mean anything — other than whoever placed them is slacking on their housekeeping by not removing them.

Once the market closes, the only figure of ANY relevance is the UT. Which - as you know - is 27.30. You mention figures of 27.44 on the ask, and 27.16 on the bid, but they are simply what was on the order book when the source of your information closed their feed for the day. For the record, London Stock Exchange show 27.06 and 27.44 because that is what was on the book when they closed their data feed. As it happens though, IG - who maintain a near 24hour market in a variety of other instruments, from indices to commodities - are currently showing a bid of 26.00 but an offer of 40.01. That is not because it means anything, rather than that their feed to the order book is ‘live’, and that reflects the orders on the book that whoever placed them has not had the diligence to remove.

I’ve tried to caution you repeatedly that once the market closes, there cannot be any bid or offer because there isn’t any trading taking place. That advice remains. After close, everything other than the UT is irrelevant. The only figure that matters to us today is 27.30

Regards,

per ardua and astra

“I wouldn't worry about PaHadaAstra, he comes across as a public schoolboy that talks down to everyone,and he certainly will not have any empathy for the investing losses of others.”
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Good afternoon, jessell. Have we met? Your vernacular and syntax do seem familiar. Perhaps you’ve a doppelgänger. Or two.

Can I just clarify your assertion though? You claim that I “talk down to everyone” and certainly that was postulated by one or two when I first started posting here — when I was suggesting caution in the market and counselling others to get themselves as clued up as possible.

With that in mind, could you please give me a compelling reason why I should now have empathy for those that didn’t?

I can accept that no doubt my bedside manner is not to tuck you up with a cup of cocoa and smooth down your sheets, but really? If you want devotion, get a dog. As a few here have discovered today, the market doesn’t take any prisoners. And if you’re so offended that the well intended (yet frequently misconstrued) exhortations of a faceless entity on an internet bulletin board are enough to upset you, then your REALLY SHOULD ask yourself if you’re truly up for this game or not.

The waters are deep.

per ardua ad astra

“I purchased my holding PRIOR to yesterday's leak, genius.”
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No doubt. But surely that begs the question that if what you now assert is true, then why the heck wasn’t your research more thorough?

And for the record, whilst batting your ‘sweetheart’ eyelashes at me is perhaps a little flattering, I’m not really sure I’m your type. And hairy-arsed plumbers certainly aren’t mine.

per ardua ad astra

“You still didn't respond to my post...”
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So, you did ask for my opinion then? Make up your mind, fella. Are you coming or going? As for your 09:13, do you really need an answer to this:

“And why would you assume "the company best efforts”?

Do I really need to suggest that it is because they are professionals? Because if you don’t believe they are professionals, what sort of idiot buys a million shares in a company run by people that aren’t? Plenty of chancers like that on AIM. Perhaps you’re in the wrong share?

per ardua ad astra

Think perhaps you’re mistaken as to the very concept of a forum.

per ardua ad astra

“I personally "lost" over 50k on paper today. Sweet.”
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So you own ~1 million shares then. I’m sure the hearts of everyone reading are bleeding for you.

per ardua ad astra

Because she doesn’t have to release a penny until she is ‘satisfied’ ALL project financing is in place.

per ardua and astra

“i hope PAAA doesn't go off on one again explaining what UT means!“
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Ha, ha. Happy to leave that one to you today, milender — following on from an excellent suggestion yesterday, I’m off for some grilled lobster and a tenderloin filet. Hopefully washed down with something like a nice, mature, white Rioja. I’ll leave the helicopter running if you want me back to take over though!

Cheers,

per ardua ad astra

Aww... that’s a bit harsh innit, Camp? Reckon John’s been rather more self aware and reacted with considerably more equanimity than many have today. At least he can accept that it’s HIS timing and decision making that’s been a big part of the pain. And recognising our own mistakes is the first step to getting anywhere. The second is that regardless of how well prepared we may be, there’ll inevitably be something we hadn’t anticipated that may prove our undoing. And a philosophical response will serve us exceedingly better than griping about how unfair, loaded and not a level playing field the stock market is.

Hope you’re still chilling anyway though - lovely and sunny in West London today.

per ardua ad astra

Helpful thoughts, Digittt. Thanks. Chris stated that IPA guarantee would now be anticipated to account for half of the initial $3bn sought, with the rest senior debt. The additional requirements and opportunities to address you are aware of.

As for the conf. call, you might be able watch the presentation and listen on the following link (although it may only work for me now because I registered earlier) :

http://event.on24.com/eventRegistration/console/EventConsoleApollo.jsp?&eventid=1831281&sessionid=1&username=&partnerref=rss-events&format=fhaudio&mobile=true&flashsupportedmobiledevice=false&helpcenter=false&key=686813E7BFFC9A99E740638BB1E569FB&text_language_id=en&playerwidth=1000&playerheight=650&overwritelobby=y&eventuserid=212933306&contenttype=A&mediametricsessionid=174070498&mediametricid=2579034&usercd=212933306&mode=launch#

Good luck,

per ardua ad astra