Member Info for Pondering

Means the latest Primorus shares have been admitted today, rather than 3/5/22.

The sp has reached 7.50p to sell today. The 7.50p placing shares to be added on ~9th May. So, status quo for the placees. I guess a few people had lower averages from before November 2020, and didn't sell on the rise to 33p. There can't be too many of those - and if so, it seems likely they would not be selling now. Hence, this should be essentially the bottom and most/all waiting to see what progresses. I added a few, now sticking. GLA.

Also been said plenty times...
Core business is solid and growing. Assets, assets, assets.
SP is artificially low due to the cheap shares being sold in larger chunks (assumed... Duferco, and smaller/intermittent number from Primorus).
Once, those chaep shares are overcome, and if (underlined) the BoD does not find a reason to issue more, then you have the brakes released. Initially expect to go up to an intermediate level (this year, not next year). Then with the new kiln etc, to the next level. Then more with electrolyte/battery work.
It will depend on averages how long it takes for individuals to get the opportunity for a return from their investment.
<10p today, with a lot of the big seller churn already done = strong, strong buy imo, so bought more today. Very happy with average now, even though it's above here. dyor, make your own decisions etc. GL.

https://www.fool.co.uk/2022/04/25/why-the-bushveld-minerals-lonbmn-share-price-could-soon-take-off/

So many interesting and exciting projects and good RNA's recently. Medium-sized holding by my scale, built up over a year or two. A few more added with today's dip. Catalyst is a good word RMc. What will it be, I wonder? Very comfortable waiting with all that's going on.

https://www.proactiveinvestors.co.uk/companies/news/980122/canadian-overseas-petroleum-limited-on-its-operations-in-wyoming-980122.html

Dummy buy info only -> possible to buy ~£4.5k for ~0.74p, or max. ~£9k for ~0.79. Beyond that NT for buy.
Still waiting patiently to see what happens.

My guess is - not 20p. Then certain people won't be able to say they were right. Maybe 21/22p. Maybe it will be 20p - We will find out very soon whatever. Different to the last placing, when the drop to 16p was pre-'discovery' announcement and sentiment had been shot on the way down and buying was dead. Feels it is going to be different this time with lots of ongoing interest and buying.

Wasn't intending to be particularly negative on the longer term. Minor frustration. It's obviously good anyway to have the raise completed. I will likely buy more at this level - when funds allow, and assuming no rocketing before then! Then look forward to the outcomes of the India issue, and the drilling. Happy Easter to people.

I believe him. And to repeat my positivity on the handling or automated systems here :)

Alternatively Infiniteamg, it may be that in the morning, some day trader types want to move to something they see as 'hot', so they sell some from here where it is fairly 'stable' and the spread is not drastic. Later on in the day, they may return here, or someone else may decide to buy here in the afternoon noticing the sp has dropped. So then we are back to the beginning again.

Anyway festive greetings to Aliens, whether or not they celebrate.

Yes, if there isn't much going on (info and volume), then there shouldn't be much change in the sp. A little bit of daily wiggle to tempt a few to trade either way during the day is to be expected. The MM's should be there to create a market for buyers and sellers, not force or suppress market activity. MM's here seem better than some I have unfortunately had to watch in action.

Thanks Mark, aiming to please. You obviously haven't looked at your own posting history ;p

From April 2021 to Feb 2022, the sp was running at an average of ~12p, so I don't agree that a 7.5p placing was inevitable. It comes down to stickiness of holders. If they want to sell for 10% profit, and there is a spread of 5-10%, this creates resistance at 9p sp going forwards. If they are sticky holders, fantastic news comes in, and/or future buyout, then it's all good. My average is "only" 9.5p here, and holding fairly modest, so I may average down at some point. I guess it's a decent entry point for new investors. dyor etc.

Large seller this morning obviously. If still duferco, I think they are turning it on and off a bit, otherwise the sp would probably not have gone >13p recently. It's largely unpredictable for us - they could drive back to e.g. 10p, or they could stop temporarily/permanently and it could rerate quickly back to e.g. 17p+. It looks most likely to be 11-13p until they stop. Either way, the sp here has been artificially low for a long time imo.

Agree. Nice with these UK contracts coming in again to buffer the funds. There's the motivation to get the sp to 60p for the warrant eligibility by Feb 2023. Further UK contracts, COF/Proton/COFFEE possibilities for sp-stimulus. Also, important not to forget the US subsidiary (RNS 10/3/21) - anything similarly positive from the US the next 10 months, and I expect this low sp will far in the rear-view mirror.

Amusing "Release the Kraken" comment earlier in this thread. Not sure this RNS is the beast that was being sought. No doubt a further fine opportunity to average down for those with shares bought on the open market in the last 18 mths. Money. The lights are on and the drills can spin. Typical AIM though - place large and cheaply to the invisible. The Kraken wiggles a tentacle and goes back to sleep.

British Energy Security Strategy is here in html form:
https://www.gov.uk/government/publications/british-energy-security-strategy/british-energy-security-strategy

Part of the hydrogen section:
We will offer clear long-term signals alongside immediate support:
- doubling our ambition to up to 10GW of low carbon hydrogen production capacity by 2030, subject to affordability and value for money, with at least half of this coming from electrolytic hydrogen. By efficiently using our surplus renewable power to make hydrogen, we will reduce electricity system costs
- aiming to run annual allocation rounds for electrolytic hydrogen, moving to price competitive allocation by 2025 as soon as legislation and market conditions allow, so that up to 1GW of electrolytic hydrogen is in construction or operational by 2025
- designing, by 2025, new business models for hydrogen transport and storage infrastructure, which will be essential to grow the hydrogen economy
- levelling the playing field by setting up a hydrogen certification scheme by 2025, to demonstrate high-grade British hydrogen for export and ensure any imported hydrogen meets the same high standards that UK companies expect

Boilers:
- setting a 2035 date by which we intend to phase out the sale of new and replacement gas boilers

Nothing specifically relevant to COF technology spotted either way. I guess will be considered as a separate matter.

A little retrace back to up a 16.99p buy at the end on the sp.

This one was actually mine, rather than the one I pasted below, but the same conclusions.
07-Apr-22 09:12:47 17.00 15,257 Sell* 17.00 17.25 2,594 O
Definitely completed my holding.

For what it's worth, this was my buy: 07-Apr-22 09:27:02 17.00 9,376 Sell* 17.00 17.25 1,594
As you know, the algorithm on LSE does not correctly indicate all (sometimes many) buys and sells.
I was watching with dummy buys during the earlier morning. I'm also fairly confident that the 17.185, 17.15, 17.125, 17.01, and other large 17.00 trades at around the same time are all buys i.e. the mm's were walking it down without matching quantity of sells being evident. Probably the 17.0x trades before 9am were sells and some/all of the 16.xx (I have used up the free cash in my account so no longer dummy buys). Anyway, to say it looks on LSE like they are all sells, but it's not the case. As for why the sp is dropping today, you would have to ask the mm's. AIM can certainly be a pain. Anyway, hope it comes good eventually for all of us holding. Tuning out.

There's something happening imho - either a large not-yet filled/visible sell, or a forward-sold placing, or it's being moved down purposefully for some other reason - ?for someone else to buy at the lower rate, before it moving up again - (I'm not really sure if this is technically allowed). The first explanation is the simplest ofc. I know for certain that they are not all sells today. At this rate, I will be making a take-over bid for the company :)