Member Info for PIface

If you can afford to hold and have principles my thoughts would be to hold, vote against the deal and hope for better offers. If that fails you likely get 5.5p per share anyway if the vote goes the other way. I was in at 4p and could have made a little but my impression was that Sirius were hitting technical difficulties CF was masking so I got out with a very small loss. Don't give the numpty Fraser an easy way out though take him down with you (even though he's already been paid over £5million). Massive loss of wealth from the local area so far to the investors, many of whom wanted dividends for their grandchildren which now looks unlikely. I heard from an employee SM have had to be putting cash aside to fill the hole back in. Make them do that if it comes to it. Far better if the government provided assistance earlier instead and no one got shafted but make a stand against the twunts making money from losing people money at least try for 10p. Should get paid minimum wage before they make a bean these directors CF had over 5 million so far I read. Hardly can argue they are worth anything as added no value. If you were to take 5.5p and looking for something that might help recover your money this year I would look at EUA (if not sold already by then), TRX (from Leeds Uni), KEFI, MATD, I3E and possibly ROCK or JAN - though obviously they are AIM and picking the winners is not easy and often in trouble at best times to buy. SM was supposed to be less risky but there were always clues along the way of not being 100% bona fide or well planned. It's one route to consider though I am not giving advice just an opinion DYOR. Good luck to all LTH.

Mini excavators often can't be used indoors due to fumes so a electric one would do quite well. Handy if you take an old building and want to insulate the floor to modern standards. Done it myself and had to hand dig. More likely for hire though as batts are v expensive.

3.79% up on live expected a quiet day but guess peeps are loading up now because of that. Was looking at the rising value of SXX and their problems and the value here and reassured me we are well undervalued and not in too much of a risky position. Considering we are mining already, have 3 to 4 projects and much less to do with our main asset, with much more proven demand/products with green credentials and a talented diverse board with ducks in a row finance in place etc.

Eurasia mines chiefly platinum at WK, was using contractors but going it alone this year. MT may be for sale as it is Pd for which the price has rocketed due to being used in petrol cat convertors, unlike platinum more used in diesel. Both can have big uses in fuel cell and hydrogen gas technology though. 2million pd ounces are proven but the flanks are believed to contain 15million ounces, of pd alone, but we also have other pgm metals and a gold tailings project and other areas of pd drilled with Anglo American in the past we could return to next (raising to 30 or 40million ounces the potential of pd which could be worth up to 100 billion out of the ground in 2020 + rhodium, platinum, iridium, gold, etc). MT is near surface and not mainly platinum either like in some other mines like SA where they also have power problems (the world's other main supplier). MT is next to one of Russia biggest producers - Norilisk. There have been several recent director/adviser appointments relating to asset sale and a couple of huge banks assisting. The (Chinese) finance is in place should we go it alone at MT at our option for 8 years instead but it seems like a sale would be preferred and those noises are being made.

The most likely reason for today's dip is Russian holiday for 2 days makes some believe they can sell a portion (not all) of their holding and invest in things like Kefi or Lekoil or TRX for a day or two. They might be wrong but they are probably just reinvesting top up money anyway and planning to buy back in 2 days.

That's how I would see it after 3 months watching and investing.

Forgot to say it's possible TRX will try to buy it's own shares back from Woodford/Link if it is allowed which looks very uncertain to me.

I guess this is one share where a large sell would trigger a rise. Not sure if people are clear but Link are the administrators for the woodford holding and according to trx website still hold 19%. Invesco already sold which part explains the collapse and then interest once out, though it leaves some questions open (did they sell just because Woodford would be?). Link have been on record saying they are distributing some returns to woodford customers but haven't sold the most illiquid stocks yet so can presume TRX (despite it being fairly liquid late 2019 with a couple of surges it is still a small company). It's possible they have been selling some but I think it's as likely a block buyer will be found possibly relating to the "talks with broker" in the last interview. About 50% of the company is in public ownership so hopefully if a takeover attempt the offer would have to be decent to get approval. The company has over £20million intangible assets and can't meet demand in the US, with enough cash for the time being so it's about as good as you could hope for in this situation to spur a recovery. There was a big sell today of the type that might hint of an exit but it appeared to be cancelled so maybe was in error. First thing the price was down but then quickly rose to 21% up. This share is on plenty of peoples radars after two surges last year end and 2020 is a big year where break even was previously predicted before exceeding capacity.

Isn't it more simple that most of the mining is actually done by subsidiaries and EUA is like a holding company so naturally wouldn't have many employees of itself. That's what I always assumed and Lamtree was just being mischievous or a bit thick.

I wouldn't exactly have called 1.8p a spike last time and definitely no pumping on here yet today. Been here a few months on belief its worth over 8p plus Saudi and newsflow has been steady and encouraging. Could be one of the better aim shares in 2020 or certainly a success I feel. If EUA deal got done I could see many heading here afterwards.

I got out here with 100 percent gain. Could have taken 200 earlier but got tired of the delays and negatrons here who seemed to spoil all sentiment and possibly cost people more than anyone else. I think quindell probably knows his onions but some of the others just contrary naysayers with half an idea. Before they arrived was a nice board with suhail filling in much of the picture and answering questions admitting the limits of his knowledge . Think he knows his onions too just different strategy. Made plenty of people money and speaks from experience but it's up to all to time their exits. The rto is a niche little area it seems and I reckon come end of month there might be some more smart money to be made. All the ins and outs of mustang and all that I'm not fully up with but suhail gives you the pointers to make a more educated risk. Tbh when it got to 3million mcap or more there was doubt if the tax loss could be sold for multiples more. What I think some of the naysayers might miss is that often tax losses can only be used in the same jurisdiction and sector so fura more use than most, who are defo seeking a London listing sharpish and will have the vertical integration to make more of a go of it. It was a little bit abrupt in the new year RNS how little a rto was alluded to but I guess directors are careful what they say and least said less risk or to mend. First rto I've watched in detail so keen to see what unfolds.

There are not many rampers here Daniel it's clear as day a deal is very possible and loads of pointers and reasons. We've been to 4p before and back down to 2.40p for no real reason but a pulled interview and deramper crew. So we do get some trading activity on it now but we have seen chunky buys increasing since late December. This is a fairly safe stock and park for aim but loads of new year RNS today and Russian holiday week just started meaning some trading or getting bored. Doubt if many selling all their shares but nice profit over Xmas might have tempted some to sell and either go elsewhere or rebuy on the dip. Was actually a good day though in end per cent here or there is nowt without news. No shares go up in a straight line and always a risk. Once a company gets over 100million mcap though it no longer appears cheap as chips but will attract more serious investors. We seem a little bit on that cusp. As Ian said earlier today there is no real fundamentals to attract a casual income investor yet maybe other than the main assets but they'll be worth what someone will pay which I think will be at least 750 million dollars but possibly between 300 million and 4billion in extreme cases (like a tenth of metal value) So maybe that lower figure just makes 1 or 2 stop and not over do it considering we are already up 800 per cent from October. If no deal comes we have finance to go alone so its not do or die. Its do or DIY. A natural point to invite offers.

Been watching this a while seeing the chat on here in December. Wondering if it's the next growth mining share still off radar. The spread has always been too big. Was down to 5% today but felt like I might be too late or it will trickle back so haven't jumped. Though, did set another stock on a small limit sale in preparation. This didn't quite make the leaderboard today was too much competition with new year RNS. When is the perfect time to buy does anyone think? Will it do 15% tomorrow again or fall back?

Buying back the Woodford shares from link (the administrators of woodford shares I believe) would seem an obvious move. They have not been selling the illiquid shares yet which I imagine this is one of. I read you cannot do a share buyback with borrowed money normally, and requires shareholder approval and share reserves (which we don't appear to have enough of). Otherwise it sounded like we had enough cash at the last update to do it as would be about 2million, at current sp. I wonder if the circumstances are exceptional enough to allow. The other thing with expanding would be if that was a priority with funds. Does seem like an albatross on our back and the effect on the SP has made placings difficult. The potential for manipulation in that scenario is huge but I do think the dilemma is a genuine one for the SP out of the company hands. Whether the company can start to produce it's own profits soon without funding I am not sure but we should get some sort of update on how we are doing before long. Is leveraged recapitalization really a possibility/thing or is this why they need to "talk with the broker". Maybe it is possible. Seems to me like the FCA should be able to step in and allow genuine cases like this with a medical product for export to take the measures needed for recovery with a simple buyback from available cash. Not that I think it's essential for a turnaround just a huge help. Certainly cheap at the moment!

Just come through delayed from 10.24am at 3.81. There was a £150k buy on Friday night wasn't there too. Hopefully see this to 4p soon.

Note Mereo (mph) has woodford out and goes up 95% in a day on Nasdaq then 50% on AIM today if I understand it right. So Link seem to have Woodfords 20% still in TRX but if they could sell that to an II and get some finance maybe from the same would see SP recovery, which I think would then give the company the opportunity to raise via a placing in future. Can't see them wanting to do it while price is so low and may not need to anyway if get a loan. Seems to me like if a lender took the link shares first at 1 or 2p that would give them great incentive to lend. Other option could be for the company itself to rebuy the link shares to aid it's own recovery. Either way if solve that and break even in 2020 it's going to be a good year for the share price.

Read on here earlier if we sell MT e.g. for 2 billion, then shares will get suspended. Do people agree? I suspect as WK is operational and we have a gold tailings project and this is AIM the board would be able to sell a big asset without shareholder approval? Which does mean news could come very quick if so. I was reading about this somewhere the other day but need to brush up a bit more. If we get bought out as a company then shareholder approval needed of course.

interesting that was an uncrossing trade at 3.55.

MMs should let this go to 4p if they want a busy day. Sadly some seem to want to take it down but there is resistance. So it might fall to make people panic then rocket to finish. Though maybe most of the big buying is done now. Not going to panic whatever not many are thinking of 10% but we will have got some yesterday.

Topped up twice myself today got rid of some dog shares. MMs don't seem to be letting this go as much as they could. Up to 4p would release a few shares into float I reckon as some people must have felt marooned there with the deramping crew last month. All looks good for a deal though anytime up to Russian Xmas Jan 7th. Reckon no one will want to idle in 2020.

Still can't get into x-o this morning. Won't be helping things.

Was trying to do it myself but broker is down