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As we move on from today's announcement this is now set to gain momentum and will be moving up slowly but surely.

The RNS was going to put this off course as some have suggested but as everyone can see that hasn't been the case.

The news going forward can only be positive and now the MG is aware of what is expected to get the wheels in motion as the details are already discussed.

You can see this clawing back already Iamrich. This is going to keep on climbing and may hit around 5.5 later around an hour before close. After that there migh be a correction factor as the day traders move in but it wont go below 5. Thats my take on the days proceedings. I'd rather it takes time to move up slowly.

Its a trend i've witnessed in many stocks currently Hamm. The market reacts to any news only to realise that nothing major has changed the direction of progress. This is a very minor setback if you can call it that. There is no doubt this will back to 6+ in a matter of days if not sooner.

All those predicting 3p and below will be rather dissapointed. Wishfull thinking IMHO.

I wish it would have been 3p. I for one would have added more. This is not going anywhere now but north.

This is yet another bearaucratic delay to obtain the necessary certification and approval of the exploration area.

It doesnt mean that progress will stop and have hit a brick wall.

This is going to bounce back and preety rapidly.

If this was going to 3p or even lower I would be very surprised . This is a resilient stock and cant see anything lower than 4.

Sad though as many were hoping the BOD could do better than this.

BP I do understand its the first stage but its a very critical stage and one that is out of PM's control isn't it.

PM will have more or less control of anything that comes after. What do you think??

Gosh!!!

All this hype about a piece of paper waiting to be signed.

Cant imagine what would happen if PM actually started drilling and bingo oil actually flowing. There's lots more in the tank.

Few more days and all will be revealed.

ATB

So even though the buy values are higher than the sells the sp still goes south . Is that what you are saying john or have I got it wrong??

Spread getting bigger now so this is indicating high volatility. Lets see.

The only difference is when you come to sell them.

Each platform/broker will follow their own set of rules.

I think you are right Oracle.

I also don't think HL would not be able to hold shares on someone's behalf in their nominee account.

I would try transferring your holding to SAXO . But speak to them first as I do believe they are a good option IMHO.

Hope that helps

Well my understanding is that if your shares were held in CREST and the company gets delisted than they apply on your behalf for paper certs and these are than held by them. If and when you want to sell these they ask you to contact a broker which they will forward the certs to once you deal. You will be able to receive dividends as normal within your portfolio if they are held in the nominee account .

You can sell your paper certificates if your platform/broker holds them on your behalf in their nominee account.

Mine does.

I meant to say that there are more discussions that need to be completed and any thing that needs to be clarified further in IOM is now getting finalized.Hence the delay in RNS. Nothing sinister or problematic. Like you said this all takes time.

ATB

@dozzawba

I am beginning to think that the IOM meeting seems to have thrown a spanner . There are more deep seated issues to be resolved .hence delays in RNS . I am not entirely sure though to be honest

Folks!!

Lets be honest. We are all here to make some dough.

I've said this before and I'll say it again.

No amount of ramping ,deramping name calling or anything else for that matter is going to make the slightest difference to the SP. It's all in the mind.

Make good informative and intellectual comments in your posts and let others benifit and share your knowledge.

ATB

@C and C.

I fully understand the point you are making. The issue is most here have bought this circa 3- 3.5 p .

Now if the return is not brilliant but better than the current sp what have they got to lose??

Most are sitting on a profit margin and if they cant see any progress or any further indication of movement in the right direction than they might jump the ride. Until than this is looking very interesting as an investment with all the moves in the background.

The big question is not if many are in profit and could walk away but the upside and the potential of this very soon.

It would be a foolish move and a massive error of judgement to drop this one now IMHO.

But ultimately some will sell as they are getting bored due to lack of news from the BOD.