Member Info for PIface

Hi. thought I was going mad for a while but realised the RNS from 8th Nov referred to in today's RNS is not on LSE, but found it on the i3e website. So 5 million is being raised and this turns out to be at a premium so this should raise the price of other shares as it's capital going in at a premium. I had been confused because I was reading about the issue of equity for board members etc. in 2 million shares which is on LSE on 8th Nov. It possibly appears those aren't being exercised, but they were contingent upon some conditions such as funding in place etc. which maybe aren't there yet I don't think the funding is there yet. So who is paying for the new 14 million shares do we know exactly if they happen as expected? The other thing I was missing was the shares that Bybrook can also take in payment at 40p a share which I thought I had seen but now have found in said missing RNS. That's the other thing that most of the way along this, has made me feel shares will go north of 40p and probably at least to 50p so they can make a 25% profit on them. Even that would be a bit close for comfort though maybe so I was more thinking they would get to 60p again, or so everyone in the know was thinking when these schemes were set up??? But we have had further results so maybe they just lost a punt, but the results are all quite sketchy and need confirming next year, etc. This is partly why I am staying in. Not an oil and gas guru just trying to read the behaviour and between the lines. Though I do know 600 million barrels stooip is quite a lot of oil and my presumption was the city do too. Am I barking or just barking up wrong trees? Or calling it right. Time will tell I guess.

I think you might be right Kalan clearly thinks of it like a poker player. He probably knows 7.4p is baseline and wants to do x 4 for the risk. He's pretty much said it. He is a deramper to me and lots have him on filter but it's a lot more subtle and you have to know what you are doing to see it. But I'm all for a little voice of caution somewhere in the mix but if the board was sensible that would come through naturally anyway from genuine people, like that Bobby guy who seems to be very on top of the figures.

Rock have their sharetalk interview out, very positive going up think was down now 10% blue. I'm in both. Would be nice for us to get ours here. Doesn't need to say lots. In some ways shorter the better.

Thought it was David Price not David Dickinson. Also liked the comments about at Mt Wright the most mineralisation is found deeper than they have surveyed so far. So you can get going low cost open pit getting nearer the resource but when it gets higher cost you also get better return. That's a nice way for it to be - provides longevity.

Blimey it's sensible here today now it's just as so called "rampers" left (aka LTHs)

I was thinking about it all yesterday and yes maybe with WK expanding and this new area mentioned I think sell MT, special divi, and relaunch in the old area where they already have drilling results and get that set up for a start so adding value for a buyer seems plausible. Like an exploration company does, but clearly we are also a miner now too with WK going free of contractors.

If the SP is being held in a range, which is purely speculation but if so, it may be to not price out a buyer or make a realistic deal unacceptable to shareholders who would/could get a vote. It might not pay as instantly as a complete sell off but should see a build in the SP especially if WK becomes profitable with the new approvals. There is then the gold tailings project as well - recovering gold from old drilling waste with new methods. It would be a balance of quick returns vs full realisation of value. The fullest realisation would possibly be from going it alone into production but it's a longish road and others would get there quicker and so that's the bargaining zone where a deal makes sense.

I'm quite new to all this but it seems to me to always pay for such a company to have more than one mine otherwise when you sell you are a cash shell and a clock starts ticking etc and even an aim listing has a value of itself best not to throw away.

People were scaremongering yesterday but if there were any concerns about palladium I think the price would not be going up so much.

It may be true that if any one party was going hard for a full takeover they would have bought some cheap shares by now, but maybe not as that would make all the shares more expensive once cat was out bag so not huge to gain from doing so. It's hard to acquire the 30% that necessitates a takeover bid quickly without sending the price up. I imagine. So any outcome is still possible but it's great we hold so many strong cards.

As long as you've only invested what you can afford to lose it's an exciting time as things seem very well set up to capitalise upon the increased value of the resource.

Suhail is not a ramper. He's not appeared from nowhere when you are up 10percent up and rising picking random facts and shouting boom to the point no reasonable conversation is possible. He's clearly invested and believes in this from experience. I've not seen him on any other hot boards jumping ariund. Let's just wait and see everybody makes their on decision bt suhail has helped where he can. Of course he will sell at some point and may have a strategy but nothing wrong with that you've got to do your own research to back up its not the nanny board.

Was on top risers yesterday small retrace is normal. Should be ticking up this month and a tr1 from link would see a step up. Trx website has an investor area where can see major shareholders but looks like updates once a month to me. Last time was nov 15th. I too think this is a buy and hold for 2020 if not THE buy and hold for 2020 on my radar but need to watch it for updates on progress.

When the issue was announced shares were more like 5op or had been I know cos I paid that after serenity. Imagine the profit if they were shorted or forward sold? And the extra profit if they get back to 50p. Something to think about. I've averaged down to 30p so fairly hopeful. I've just refused to sell in case somebody somewhere is taking the peas out of the impatient.

Think a frustrated lamtree has been typing Google into Google trying to break the whole internet

Bad investor has been terminated without trace. I think average investor is genuine and was a mickey take.

Since LSE went down earlier I've noticed quite a few times it checks my browser before letting me access some pages. Takes up to 5 secs? Anyone else get this? I wonder if following the deramp attacks on their most popular board, EUA, there is an extra level of security to try swat away botflies and multiple accounts?

Just been on BMN board couple of jokers with new accounts over there, badinvestor and averageinvestor. Hope they not building up posts to come here. Keep an eye out. To be fair they are funnier than many botflies.

I'm back in today like this share was really surprised went down on last RNS but was a lot of activity elsewhere I had sold up to get a bit in Rock tbh but cut some losses elsewhere and saw this moving quick so jumped back in. Would be a nice Christmas story here if got moving. Raise a glass for everyone and all that. It's worth 5-10p this share and then maybe some more as Saudi not really factored into that.

Don't know if you would get the job graham seeing as your date is out by a month

You are a good lad Suhail. I've taken my 100% profit out and left my original investment in. Give someone else a chance this Xmas look forward to the aftershow party. gla.

Was the Clondike gold rush anything like the Klondike gold rush though ask yourself that? Beware false prophets.

I would agree but the communication about the interview was on twitter from share talk it was never that hyped up by the company. There was also an empty news box on the EUA home page and it had been quiet a while people were jumping in for fear of missing out (FOMO). Then some derampers and probable paid bashers really got on top of it was awful on here for a while but a touch of serenity is returning as many of them have got taken off lse for disruption and libel. So it turned from going to a new high 40% rise in a week to actually fears being played on and a decent fall which was over nothing it's all been quite positive since then with the lesogo NED joining and us learning about all the extra potential of flanks and new mines and new approvals around our existing operations. Some warrants were reportedly out this week so some selling going on for sure little bit of dilution but nothing of too much concern.

I certainly did a good round of reporting yesterday things like "joke of a share" are clearly libellous. Especially when it's done 700% recently and such a talented board of directors.

I'm pretty sure at my dad's Ltd business he lost money to Nissan in the 80s with a contract default and was using the losses for tens of years but I'm just going off casual conversations with his accountant. I'd probably work it out but not sure on jurisdictions etc I only took a small punt on rld largely cos of the chat on here but can see it makes sense.

That's great I just wasn't sure if it was 50 million they can save or the taxable portion of 50 million which could still be significant of course. Do you know how many years they can claim the loss for?