Member Info for Revelator

Yeah, Amazon this ain't. And a look at the 10y chart shows the risk of not trading. That said, good results and it would have gone well into the 2s. Basically acted like an oil drill, up in anticipation albeit under the cover of that gold news, which I would not say was incrementally material (they've already found similar veins)

Fingers crossed for sure. I hadn’t thought on the Naira before but on the last articles I can see it’s down about 15% vs Feb on black market and maybe with oil price it’s recovered since, so it’s significant but not a huge value destroyer.

As I said, hopefully the parent company won’t sell its stake at these levels but shares absolutely can underperform when placings are feared and as you say, there was a lockup to protect holders from more share sales (not dilution, it’s one owner of the company selling its stake to the market) and that ends in June. Hopefully it won’t happen at these levels but you simply can’t say it’s not a real possibility, because factually it is.

who knows...either way it's a conglomerate group with a high asset base overall I believe, and the guy behind it is an oligarch. Aside from that they've already paid for their stake in Caml as outlined below so I don't think it can be relevant (and even if it were, £9m is not material vs the rest of the group).

Sat paid gov't to get stake, Caml give SAT shares for that stake.

I believe they already bought the stake off the government so the cash has transferred, it's now a case of getting their stake over to CAML. So cashflow not relevant but even so can't find any details of financial issues, can you link?

They've been a bit ramped I think but things like this are still cheap vs others like VGM imo. I did buy into the 'gold stocks to boom' for a bit, but actually, the gold boom was last year in stocks, it's hapenned. However, ABG is currently below where it was when the FTSE was lower and gold was the same price as today (late Sept iirc), so it's oversold. Doesn't mean it won't drop more, but at least logic is on our side somewhat. Also bear in mind there is only, I think 25% free float here - which is why this can be so volatile. Could be worse though - FRES lost £1Billion in value today..!! Bonkers!!

I won't pretend I haven't felt like that about other stuff the last few months, but the fact is this is on a very undemanding PE vs its peers so it's the price movement that's rubbish not the company.

Have faith - look at EGU last week - darkest before the dawn and all that.

At 4.51 - should have sold at 4.69 - ah well!

17.5% in a few days, may bounce from here depending on markets tomorrow...?

May have been lifted from an RNS or straight from mngmt, not sure: 'Before the onset of the wet season in July, Cluff completed 7,100m of diamond drilling across the targets previously defined by the VTEM geo-physical survey. Full results from this programme are not yet available, but those received to date by management are reported not to reflect the grades and widths associated with the Baomahun project area. In particular, the conductive anomalies in Targets 2, 4 and 7 appear to be associated with pyrite which, in this case, is not associated with gold. As a result, these three targets have been de-emphasised.''

I sold a few months ago at 97. Sadly, having bought at 90p, was too dumb to sell on the £1.12 spike. Oops.

Trying to work out if it's a 'shake' but the price crashed right through 70p, whereas Aff only dropped to 40p to sell, not buy, ahead of good news last week. Nearing long term resistance though...

Looks a bit oversold for 500k oz+ and a very rich neighbour who invested here at 30p a share.

'From a financial perspective the Company's cash flow position benefitted significantly, during the 6 month reporting period, from approximately £1.6m funds received from the exercise of some of the 2010 Warrants. The Company's current cash position as at September 21 2011 was £3.9 million and the Company's overall expenditure plans are expected to be consistent with the budgets outlined at the time of our Admission to AIM. A detailed exploration programme has been formulated for the forthcoming exploration season. It is planned to commence RAB drilling at Karan on three of the original targets that were covered in the last drilling campaign. Fence lines will be drilled to identify any higher grade mineralisation adjacent to the mineralised zones that were identified previously. Detailed mapping of the artisanal pits on the 6 new targets areas, with a view to generating additional RAB drilling locations, will be undertaken. At Diatissan the previously excavated trenches will be cleaned and re-sampled so that RAB drilling targets can be generated and any resource potential identified. In Guinea the reconnaissance work will be completed so that a decision whether to apply for full exploration permits can be made.'

Not much buying interest here as it seems so cheap - £3.9m cash, drilling due to begin this month, and they've bought their own drill rig so should be v active. 6.25 to buy.

I think the rule is re the NOMAD. But it's if a co is over a month....not sure if NOMAD resigned a month ago?

Well the co is lossmaking, so in effect most funding does come from shareholders. £113k is cash direct to Idiens. The other £113k is, as described, things paid for by VML that Idiens would normally be expected to pay for - hence he is taxed on them.

Ok same thing diff page - the Benefits in Kibd are essentially non core salary but still equivalent to earnings - ie health care, company car...things along the lines of which someone would normally have to pay themselves - hence they are more than company expenses, you are taxed on them as an employee.

Hardly a vote of confidence to buy £5k at 'bargain' prices. Plus he bought at 2.75 so doesn't mean much anyway. The options were repriced due to low salaries but page 7 http://www.vaneminerals.com/userfiles/file/vane-2010-financial-statements.pdf shows you 2 directors make £500k a year between them - half this placing. A shoddy sequence of events for this co - at least directors on SRES have some integrity and take payment in shares.