Member Info for Phoebus

However, I can sell loads, but can't buy any, so I reckon this is just a pullback.

Third highest volume of all time today. Perhaps Thalassa are buying another chunk.

Moving off all time lows, very low market cap, only 29% free float, strong volume. Looks like this may be the turning point. Could go very far very fast. GLA

Indeed. Can't buy a bean on quote and deal, but can sell £3.5K in one go. Excellent sign.

We have launch commit. :D

and chart looks fabulous.

This is right on the bottom and could move very fast IMO. As a cash shell we could get word of an RTO at any time. Just to reflect value of cash shell status plus net current assets this should be about 5 or 6p.

I should add market cap only £2.1M and free float only 51%.

'Initial examination of core indicates encouraging signs of gold mineralisation and the Company is awaiting assay results from the laboratory. However, until the assays are received, no specific value, if any, can be attributed to these initial observations nor can it be determined at this stage whether the results will add to the existing JORC-compliant resource for Homase-Akrokerri of 602,000 oz gold. The Company will provide an update as soon as the data becomes available.' So results imminent. :D

Also only 64% of shares in free float, which is reasonably low.

Had a quick look at the last accounts and adjusted for admin expenses and placings since then. I get net current assets to be about £1.2M so about £1.7M for all the exploration assets.

That's a good point. JOG did 8p to about 50p before a FO was suddenly announced. I meanwhile, had sat on the sidelines perplexed as to why the SP was going up. Page 19 of latest TRP presentation suggests drilling in Cameroon, Zambia and South Africa in 12 months time, so lots of potential FO deals to moon shot the SP. Not being left behind this time. http://www.towerresources.co.uk/_site/wp-content/uploads/2014/05/Corporate-Presentation-Q2-2016-8-April-2016.pdf

Starting to move off all time lows with 2.25p placing out the way. Given the oversold nature of the chart, this could go anywhere. Taken a few just in case.

Looks like short squeeze 3.0 about to start. Only 8% in free float. :D

Crackup boom!

Company set to wind up and return excess to shareholders. Current SP 13.9p and current NAV 16.75p. More than 20% profit if you buy now. Fabulous opportunity for some quick $$$. Check NAV per share here: https://www.investec.co.uk/about-investec/what-we-do/investment-banking/closed-end-funds-team/uk-cef-quickrank.desktop.html

Looks like a perfect entry point to me.

Lock 'n load.

Exactly. Hyper squeeze again in T minus 5, 4, 3...

the fastest moves I've ever seen. Perhaps a bit too fast. Oven door opening...