Member Info for Revelator

Well done.

Uru was rerated due to its nickel. It actually rose from 7 to 10 before UR news, dropped to 7.5 as it weren't much cop, went to 6 on FUK, rose after due to mention of 'world class' nickel. Other points fair tho.

Proved reserves are worth $22m - and only 35% of that belongs to NGP. Mid case is about $120m - gives NGP £35m. So as of now the price is in the right ballpark...maybe a little low.

Well done - fortune, brave, all that ;)

I can confirm this rumour is incorrect - someone has just proved it on the iii board - http://www.iii.co.uk/investment/detail?code=cotn:TNZ.L&it=le Saves some time as I was gonna call the co to confirm.

Whether these rumours are true or not - I've requested a schedule for the AGM since and see nothing re a share issue....

''This is the paragraph in full from Lloyds Stockbrokers. One assumes they've simply copied it on from a source, nearer to the source, so to speak. If you have any specific questions you'd like me to put to Lloyds, I don't mind trying, in order to get some more clarification from them: "Terms: Sub-division: The Company has proposed the subdivision of each Existing Ordinary Share of 1 pence into 10 new Ordinary Shares of 0.1 pence each and by means of the issue of 34,575,410 new Ordinary Shares at 5 pence per share, subject to shareholder approval at the forthcoming General Meeting. After the Subdivision the total number of shares in the company will increase from 15,591,790 to 159,517,900. Terms: Each existing Ordinary share of 1 pence will be subdivided into 10 new Ordinary shares of 0.1 pence each. Relative details and dates: 25 July 2011 Company Meeting Date, 25 July 2011 Record date and time for implementation of the subdivision, 26 July 2011 Effective date of Subdivision. Further information may follow in due course."

A nice profit on that buy, eh? I think they probably wanted to get the price up from 2 with the good gold news before this came up...Yuma was also prob done a while ago but they held out for better results to bundle with from Granite Gap but it only kinda worked out that way. I think as long as only the co knows, they can hold news back as long as they like.

have been right on the pin - when I see bargain prices like that they last for about 1 minute - so well done. Well unless you believe there's a market crash on the way you have to think 2-1.75 is gonna be the 52 week low I guess, so up from here?

You got a 1.75? LOL, that is a giveaway. Although I guess there may have been a big sell in there somewhere to 'shock' the price down. It's 2.15 to buy now.

Not the best RNS I've ever read but at least they're honest.

Normally a good op - sometimes it's things that don't drop that are the worry! 2 near misses I had (small loss, small profit) - SQZ - only lost a few % on Japan - seems they were allowing IIs to offload ahead of the naff year ends...NGP - ditto re Greece crisis - only to collapse once those sells had gone through and the (relatively) duff CPR came out.

Thanks, good to read that - I'm the same in fact, ie buying things v low - the hurdle I'm struggling with is being brave enough to hang on to them as I'm getting quite panicked at every bit of bad news..which frustrates me...so I'm making few losses, modest profits, but not as much as a stronger me would. I guess at some point my mentality flipped from thinking the economy would be fine whatever was going on (about a year ago) to no longer being so sure....agree re commodities though - except for Nickel - not greatly in fashion right now...

What's your take on the wider markets right now...how are you playing it? I'm spending alot of the time scared sh!tless, which I'm normally not :@

It's not - say £29m cash + LOGP of £5m was my valuation?

It's 23% I believe - valid point tho!

Bit surprised but looks like there may be a placing - my guess is 10p - http://www.iii.co.uk/investment/detail?type=&code=cotn%3ATNZ.L&it=le&display=discussion. It's just a bb tho so pinch of salt to be taken.

Busy taking a bung from someone else?

Thanks.

Take a look at SLP today if you have time - ELR up 10% 2 days running, JLP on the move...logic dictates it's due a re-rate too.