Member Info for raxfactor

What nonsense from broker Numis, they started coverage of VEC in January with a target price of 160p in the meantime VEC win the US lawsuit and within a few days Numis issue a new note to reiterate the same 160p rating, I shudder to think what their rating would have been should they had lost ........ 160p

No news today that I have come across, a few big significant sells, mixed with a few large buys, the market and its mysterious working have given PTEC a good thumping on a day when generally stocks are down.
We are not in favour of the month at the moment, Mr Trump has caused some unrest with his tweets on China trade but I can't see why that should impact us more than others.
Let's see what happens over the next few days maybe some news will emerge, and if it does hopefully it will be ii decreasing their holding and not bad news relating to the business.

Tweet from VECs web page,

https://www.vectura.com/news-and-media/vectura-news/vectura-wins-us-gsk-patent-litigation-and-awarded-897m-damages-jury

Tuesday should be very interesting to see how the sp reacts, what will happen to any shorters? it would be really nice to be on the end of parabolic price surge, and at the very least this decision lifts some of negatively around VEC which has been lingering for some time.
Then add to this as stated in other posts speculation, will VEC become a target? rumours could and should start to resurface again which will give us some publicity and ramp up the sp, will we become a partner of choice for future projects from GSK?

The sp has taken a bit of a hammering this last week on very low volume that I have seen here, haven't checked other indexes, I am amazed people selling when the mining is expected to give positive results in only a few months, in addition there is the possibility of listing on lse which was mentioned in the last RNS.

Well, well, well I never expected this news, although I assume it will not be a case of that's it VEC win, will there be some form of appeal? I hope not. Nevertheless as it stands this is great news.

Hello Rivaldo,
If ever an article highlights the illogical working of the market its that, from where we are standing it would be logical to predict a substantial fall in valuation for Checkout, but it would be nicer for us if it went the other way and a substantial re rating higher for SCH, however i am not holding my breath.
What it does do though is reinforce that SCH is a sound investment at these levels and removes doubt when my confidence wavers.

Very pleasing to see Ory buying again which he has done consistently over the years, it gives reassurance that he will be as concerned about the sp as we are, not forgetting his previous purchases at higher prices.

2nd May, payment date 31st May, expecting the usual drop tomorrow hopefully inline with the dividend payment and no more, but this is PTEC so any excuse to give it a bashing doesn't surprise any longer.

In a transaction on Friday last week, Massion purchased 10,000 shares at a price of USD5.64 each, totalling USD56,366.

Part details from the later announcement on 13 March. 2019

TECTONIC GOLD PLC

(“Tectonic Gold” or the “Company”)

INITIATION OF MINING AT DIAMOND JV

Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold (“IRGS”)
exploration pioneer, is pleased to announce the successful initiation of
mining under the joint venture agreement with VAST Mineral Sands Pty Ltd
(“VAST”). The JV with VAST was announced on 18 February 2019 and is for a
50% economic interest in a diamond mining concession. Tectonic Gold plans to
utilise revenues from this project to fund core gold exploration activities.

Highlights:
*
Initial mining fleet delivered 4 March 2019
*
Start-up and working capital fully funded by Tectonic Gold
*
VAST has been allocated a pre-stripped mining area suitable for immediate
production
*
88% locally hired ground team (expected to increase to over 90% at next stage)
*
Equipment training completed
*
Vacuum mining rig and support fleet operational
*
Negotiations already underway on financing of expansion fleet

VAST took possession of a vacuum mining unit and support fleet on 4 March 2019
and, following four days of standard maintenance, testing and safety checks,
staff induction and equipment specific training, began initial mining
operations on Friday, 8 March 2019. The first phase of deployment is vacuum
mining and sweeping a pre-stripped and mine ready area. The Directors expect
this to take the JV into immediate profitability after an eight to ten week
production / sales cycle. Tectonic Gold has fully pre-funded all lease, staff
and consumables costs for the first three months.

Expanded operations are planned to increase production by a further 900+
carats per month with the deployment of earth moving, mining, screening and
transport equipment to open a second mining area.

Tectonic Gold expects to fully fund all gold exploration activities from
completion of the second stage.

The final stage of development for the JV will be opening an additional mining
area and installing an independent processing plant alongside the mine to
reduce concentrate trucking costs and increase efficiencies.

Creating local employment is a key objective for VAST and Tectonic Gold and it
is expected that the current 88% local staff weighting will increase to over
90% at the next stage as the team is enlarged.

As announced, Tectonic Gold has begun to explore with its financial adviser,
VSA Capital, the possibility of a listing on the Main Market of the London
Stock Exchange (“LSE”) via a Standard Listing and plans are at an early
stage of being formulated. Further details will be provided in due course.

There is more detail in this link than I found elsewhere, interesting times, Tectonic still have the option to back out if they don't feel the deal is right it all becomes definite in July, so we watch and wait and see how events unfold.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/13971948.html

Article about Ash Gaming, the Playtech content studio responsible for the title, to discuss what’s behind the success of this range of titles, why McCoy in particular was chosen and how Sporting Legends games stand the test of time.

https://www.casinobeats.com/2019/04/19/standing-the-test-of-time-with-playtechs-ap-mccoy-sporting-legends/

Playtech Group subsidiary Quickspin has launched its first network tournament of 2019, which is due to take place at the end of May.

https://affiliateinsider.com/supplier/playtech-quickspin-festival/

Hello Endion,
Thankyou for your detailed reply, I will as you suggest check out www.thebushveldperspective.com and catch up on the detailed info there, ironic part about it all is I was aware of BMN back in the day when people were stating and rightly so as its turned out this is a world class asset, but I got distracted elsewhere as you do, and never really checked it out, when seeing the sp rise I thought well that's a ship that's sailed never to be seen again.
I think a lot of folk will have been watching this, and now is an opportunity for people like me who thought their chance had passed.
Good luck with your investment's.

Hello Endion,
Thankyou for detailed reply, I will as you suggest check out www.thebushveldperspective.com and catch up on the detailed info there, ironic part about all is I was aware of BMN back in the day when people were stating and rightly so as its turned out this is a world class asset, but I got distracted elsewhere as you do.
Good luck with your investment's.

https://www.tradingview.com/x/UGKGEVvo/

I am not a chartist, but you can see from the chart above BMN has been in a downward trend for a few months and its hitting the lower trend line again today, I would expect it to bounce off this and move back up but still in the downward trend channel until the upper trend line is breached.This takes into account no fundamentals just price trend alone.I must admit I have been watching BMN looking for a buying in opportunity this might be it.As an outsider is it the battery stuff that's the problem, cos I can't see any logical reason for the drop starting last year.

12 months overview of Sasa and Kounrad, pleasant chat confirming intention to pay down debt, while still looking for opportunities to expand the business, good to see metal prices rising again after the dip last year.
Charlie Gibson talks to the CEO of Central Asia Metals, Nigel Robinson.

https://m.youtube.com/watch?v=9wMukWbE-Is

The issue of significantly increasing intangible assets which also includes goodwill, from the last results they now account for over 50% of company assets and increased significantly from the the previous year.
The Snaitech acquisition will have contributed, but my concern is that these values stay as assets and never seem to reduce.
In view of recent high profile company collapses, these types of assets are unlikely to have any cash value other than increasing the company asset value as a headline figure, and they are subjective as regards value, no go to reference as proof of value.
I am sure PTEC adhere to the strictest accounting practices and these assets get reviewed on regular basis and are verified by the appropriate authority, as is the case with all companies.
In in recent years this seems to be a increasing trend by all companies not just PTEC and my question is why?
Is it a means to justify paying over the odds for acquisitions.

When you take account of the disaster that occurred to Plus500 yesterday, in the last twelve months Plus has gone from super stock to super dud PTEC with hindsight played a blinder making a substantial profit on their investment and luckily looking back selling at the top, if they had still been holding now doesn't bare thinking about.
If there's anything to be learned from this its all about timing ......... or then again is it just luck?