Member Info for PSB123

Pretty certain that what has happened is Market Makers deliberately reducing the SP to hunt stop losses. A lot of the sells have been automatic trades and it makes sense for MMs to build up their stock if they assume a rise is imminent - they pick up stop losses on the cheap and later sell them on at a higher SP

Looks like this may now be done. MMs have taken it down to resistance levels, loaded up on shares and will now be happy to sell them back at higher prices. With a bit of luck this as the catalyst needed for the brakes to come off

This is way oversold with a huge dividend yield and amazing value. You can see the chart has clearly turned, expecting very good things here

Deal done. Very good times ahead!

Not remotely surprised to see this surge, the real surprise was the bargain prices this morning. As I posted earlier...

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Just looking at this again the value here is staggering.

On Ethiopia alone:

- Sign off happening now with the government in for 45% so strong vested interest to make this happen.
- Into development next year
- Production starts 2021 and delivers KEFI (after governments stake) immediate £90m revenue and £14m free cash flow
- NPV of the project is £200m, KEFI get 45% of that
- And this is at conservative gold forecast

Plus Saudi on top which is looking very promising but isn't priced in at all.

Current market cap is £13m or less that one year's free cash flow or 15% of the NPV suggesting a six bag from here on Ethiopia alone with Saudi on top. Arrangement with the government removes most of the risk here so I'm really struggling to understand this share price.

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Watch this fly now the brakes are coming off

Just looking at this again the value here is staggering.

On Ethiopia alone:

- Sign off happening now with the government in for 45% so strong vested interest to make this happen.
- Into development next year
- Production starts 2021 and delivers KEFI (after governments stake) immediate £90m revenue and £14m free cash flow
- NPV of the project is £200m, KEFI get 45% of that
- And this is at conservative gold forecast

Plus Saudi on top which is looking very promising but isn't priced in at all.

Current market cap is £13m or less that one year's free cash flow or 15% of the NPV suggesting a six bag from here on Ethiopia alone with Saudi on top. Arrangement with the government removes most of the risk here so I'm really struggling to understand this share price.

Court hearing later which we’re told is a formality then should be a fast process from there to complete the transaction we’ve all been waiting for and goodbye forever to a share price in the 20’s.

I assume the RNS will be 7am tomorrow but could conceivably be an intraday this afternoon?

Going to be strong into close, wonder if we're due an update?

To be clear this is good news for EUA, there were some big buys that were only reported after close and are deliberately disguised

The company website only has access to the same info as everyone else. The only way to work this out is to look at the actual time of the trade and compare the price of it to the actual bid and ask at the time it went through (not the bid and ask at the time it was reported). Do this and you can see they are pretty much all buys - even ones reported as sells on the company website.

Nothing ever gets reported as a 'buy' or a 'sell' only the price of the transaction, you need to compare it to the prices market makers were offering to but and sell at the time it went through

These may be showing as sells but the ask at the time they went through was 2.85, they are all buys I think. Delayed reporting due to the size of the trade then shown as sells as they are compared to the price when they are reported (closing price). Some big volume bought bodes very well for tomorrow.

Expecting a very strong day today. Good momentum at the close yesterday following a clear and sustained shift from the mid 2’s to the high 2’s, a positive RNS last night, selling pressure from the warrants finished and increasing coverage of the huge potential here. Hopefully we start a sustained shift from here towards the true value in anticipation of the offer. There is so much potential here it’s amazing

Why is this? What happens in 2 days time?

Does Vernon’s new role mean he is not a director and can buy shares in the open market without needing to declare it? Shouldn’t be any insider trading issues stopping him buying now results have been announced but I’m not sure if any purchases could now be kept private or would still need to be declared???

I'm a bit baffled by some of the uninformed comments on here, seriously do some of you do no research at all?

Timing - there's no conspiracy here, the date has been published for some time and Metro's results are always released after the market closes. You can't read anything in to this.

The MREL prospectus - this was released in an RNS, all you need to do is click the RNS link above and bother to read it. From this we've already had a sneak preview of 2/3 of the quarter (July and August):

Retail deposits up from £13.70bn at end of June 2019 to £14.44bn at end of August 2019
Loan to deposit ration down from 109 at end of June 2019 to 104 at end of August 2019
Very strong performance in regulatory service quality comparison (1 in consumer, 2 in B2B)
Number of new stores opening or on the horizon (Sheffield, Liverpool, Manchester, + others as Metro expands)

Add this good news with 2/3 of the quarter gone to the initial suggestion when the pulled the first bond offer that they may issue again after Q3 results (implying to me that they thought investors would look on the offer more favourably after that) and it suggests to me we should get some very positive results. Obviously DYOR but I'd like to think we'll get a nice boost after the results are published and after that who knows?

A couple of people have said they have been in touch with Vast, I assume Investor Relations. Is there an email address that you could share please? Thanks

Just issued. Basically says all still on track and expect to sign but signatures delayed due to international travel commitments. Hopefully same also applies to PREM

I hold shares in both VAST and PREM and have watched the share prices of both increase rapidly recently due to the expectation of access to significantly improved mining opportunities in Zimbabwe.

Both are heavily followed both on here and in terms of trading volume.

Having read up a lot on the situation in Zimbabwe though I'm puzzled that Tharisa (THS) has gone under the radar at the same time. It's listed in London, is already profitable from it's current operations, has broker buy recommendations, a modest PE ratio and pays a dividend.

More importantly for the purposes of this discussion Zimbabwe has the world's second largest platinum deposits and THS has exclusive access to the largest mine that dwarfs the others ($4.2bn value). This is considered one of the cornerstones of the Zimbabwe governments $12bn mining plan and yet the THS share price hasn't moved like the VAST and PREM ones have and it seems under the radar.

I'm very tempted to add to my VAST and PREM investments with THS but am I missing something?

This article outlines the overall mining plan: https://www.sundaymail.co.zw/new-ventures-for-us12bn-mining-plan

And this is Bloomberg talking about the exclusive access: https://www.bloomberg.com/amp/news/articles/2019-10-17/tharisa-has-right-to-all-of-4-2-billion-zimbabwe-platinum-plan

Meant to add links:

https://www.bloomberg.com/amp/news/articles/2019-10-17/tharisa-has-right-to-all-of-4-2-billion-zimbabwe-platinum-plan

https://www.sundaymail.co.zw/new-ventures-for-us12bn-mining-plan

Meant to add links:

https://www.bloomberg.com/amp/news/articles/2019-10-17/tharisa-has-right-to-all-of-4-2-billion-zimbabwe-platinum-plan
https://www.sundaymail.co.zw/new-ventures-for-us12bn-mining-plan