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"Furthermore, Metal Tiger plc has subscribed for 675,675 Placing Units, consisting of 675,675 Placing Shares and 675,675 Warrants. Following Admission, Metal Tiger plc will be interested in 675,675 Ordinary Shares in the Company, representing 6.13 per cent. of the Company’s enlarged share capital." That holdings RNS suggests 3.45%...should we be expecting another RNS?
Finishing where it left off on the volume front. Gold plays recently been going parabolic. CGNR next. 56% in tightly held hands tells me that they are really ready now to get things moving here. With just 44% of shares in public and many of those tightly held you can bet their will be a scramble for stock that will take this significantly higher. All hold tight, sit back and enjoy this GOLD jitter bug.
28.08% held by directors with 22% of those accounted for by Professor Richard Conroy. 21.41% held by Patrick O’Sullivan 6.5% held by MTR That works out to roughly 56%. Theres a few others without stated holdings that have accumulated stock I believe and general consensus is a £1 target fairly short term. I think a 5mil oz find should steer us well past that figure mind but £1 makes for a nice starting block.
Its often the case with these AIM plays. This is the wild west of AIM and companies are often beaten down massively just before mammoth rises. I'd be slightly less bullish if directors weren't taking up shares themselves but 55% is out of public hands and recent raise was quite substantial which suggests to me they are really ready to go full steam ahead. Its amazing what a bit of sentiment can do to an SP that's been previously hammered. Keep the faith. MTRs investment was a big clue for me. They are picking some great stocks lately and GOLD stocks generally are soaring which may mean the BOD feel its finally time to buy cheap stock and really ramp up the price while the goings good. This game isn't necessarily a fair one but if you can play the game well then you can make good money. Gold price rising and thats set to continue IMO which would make this an even greater play.
Good decision IMO. I also loaded quite a few today. These gold shares are easy buy and holds. Lots going parabolic. You have to catch them early and just sit and ride em. 55% not in public hands and a few on here probably have decent size holdings. BOD should be motivated to kick start proceedings as they have skin in the game. Market will almost certainly get excited at the prospect of drilling for 5mil oz gold. If we do discover what they think might be there then we're talking MULTI-BAG of the highest order.
Grabbed a few for the ride. MTR involvement could be a turning point. Cash ready now and POG on the rise. 55% of shares not in public hands so lots of skin in this from the powers that be. You'd think they'd want to get some news out and wheels in motion.
Wow, all these corrections. Feel like I'm back at school.
Thanks for info. Wasn't aware. All relative never the less and all good for SILF going forward. Would be nice to get some news but good things come to those who wait.
If they don't pull it off they will explore other options. They will still have a good cash position. An AIM listing and a relatively low MCAP. ADL was such a disaster because the SP was 9mil and they had about 1mil cash. Our SP is 2.5mil and we have over 1mil cash. Some big players have a lot of skin in this and they certainly haven't made any money on this yet at a measly 3.75p SP. Confident a deal will be done and if not then the BOD will simply have to explore other options.
Nothing like ADL. SILF was oversubscribed at 3p. A fresh company with a defined strategy. ADL was ridiculously over-hyped and overvalued. We have 1.5mil cash and a deal potentially lined up for an RTO with lime in a very exciting emerging industry. Similarities between ADL and SILF stop at them both been suspended. Apart from that they are completely different.
Looks promising
Hard to put a figure on it. I expect this will open up around 100% and then we will see where the market wants to take it. I think 15-20p is a reasonable target to start with and see where further news propels us.
I've heard 15-20p figure been banded about. What makes you think 15-20p. Not disagreeing and would be fab but just curious as to what made you come to 15-20p?
Twitter is the perfect tool for finding the next big riser. Pay attention to the 'pumpers' on twitter. They usually spot shares at the bottom that are ready for a BIG bounce. Sentiment is everything on AIM. Lots of shares massively undervalued and lots thats are over-valued. Sentiment is the key driver. If hype is emerging on Twitter and you've spotted it whilst the SP is still on the floor then your in a much better position then the hundreds yet to have ADSS on the radar who will likely be buying after a 1-200% rise. All in my opinion.
From 7% down to 7% up. Tide is turning and if you look at the chart its very much the start of things to come.
Sign of things to come ? ;)
Exactly. Just goes to show the upside potential here. Often takes a company to become really undervalued before it finally bounces but when it does it can do 100% in the blink of an eye. I think ADSS is getting close to a very good rise. News lands to propel it north and it could be a bagger. With a 1.4mil mcap and the cash to back it then a 4-5 mil mcap wouldn't be absurd which is a 3bagger for those buying in today.