Member Info for Runner

Daily Data At close 22-Apr-2014 Ord Price 383.50p NAV† 445.63p Prem/-Disc -13.94% Net Dividend Yield 1.83%

Great. I have quite a lot in ANW, about 35K stg, so this is all good news. My average about 400p over the last 2 years bought in 4 chunks.

Yes, the drop in volume seems to reflect this too, as well as the SP stabilising.

Good RNS at Petra today - back to 158p-ish. They are firmly on track top meet FY14 targets - the word firmly suggests there is upside to be expected. Another massive stone wouldn't go a miss to add to H2 numbers. Still very happy here at CTY.

BlackRock has closed a fund that was launched just two years ago for manager Evy Hambro after it failed to attract sufficient assets. The BlackRock Mining Opportunities fund opened in 2012 and targeted small and mid-sized mining firms. BlackRock confirmed the fund had recently suffered ‘large redemptions’ and shrunk below £1 million. The firm stated that this had left it uneconomic to manage. Under Citywire + rated Hambro and co-manager Tom Holl, the Mining Opportunities fund lost 12.3% while the HSBC Global Mining index dropped 13.2% over the past year. The fund had participated strongly in the mining recovery since the start of the year, returning 11.5% through January and February, ahead of the benchmark’s 3.7%. The share price of its top holding, US gold specialist Romarco Minerals, has also more than doubled so far this year. Hambro is best known as manager of the BlackRock World Mining Trust (BRWM

Really? Where did you find that news? You have me worried. JP

RNS - interim management statement. All "firmly" on track. Great news.

Production for Q3 FY 2014 up 15% to 743,424 carats (Q3 FY 2013: 647,248 carats). · Production for nine months to 31 March 2014 up 26% to 2,379,140 carats (nine months to 31 March 2013: 1,894,767 carats). · Petra firmly on track to meet FY 2014 production target of ca 3.0 million carats. · Revenue for Q3 FY 2014 up 55% to US$163.9 million (Q3 FY 2013: US$105.7 million), including the 29.6 carat blue diamond which sold for US$25.6 million. · Revenue is weighted towards the second half of the financial year ("H2") due to the usual seasonal timing of Petra's diamond sales; two more tenders are to take place between the date of this IMS and financial year-end. · A strong start to the calendar year for the rough diamond market, with prices achieved by Petra up around 10%; Petra expects the market to consolidate around current price levels for the remainder of FY 2014.

I think the most elegant thing to do right now is keep quiet. So I will. I will however share my joy on LFCs possible victory in the EPL. I am over the moon. Let's just finish the job.

They take up some of the new shares just issued?

In fact Mr.French has stated publicly that he prefers not to place new shares.

I am not assuming the funding is raised by a new shares placing, and suggest none of us do. Loans from several lenders possible including Taurus as well as banks, African and overseas. My guess is that NRRP will try to keep the funding a) non dilutive b) local and/or c) within the group. My tuppence. Off the mark to calculate the effect of a dilution IMO.

£18 million I believe. A small % of the potential income. I understand an ROI of less than 12 months.

Sorry for the spelling errors, too much holy wine at mass this afternoon

I'm not sure that being more to the "left" would attract the rural vote. I'm afraid that the rural folk have become too acustomed over the last 15 years or so to their 300 baht to vote for Mr. XYZ. SElecting a candidate is not a political decsiion, it's a financial one regretably IMHO. Add to this the incredible complexity of the Thai ballot paper and it leads to a situation whereby the low educated folk ar fertile ground for vote buying. I believe that Shinawatra has a considerable following in the city too mind you. Shades of grey in the Bangkokian hinterlands. I'm afraid it's a feudalism thta isn't going to change and who knows, maybe cronyism is the cut of their jib. When was it really different? Anand Panyarachun's short premiership excepted.

The urban "rich" also need their needs addressed. A free market economy, a meritocracy, respect for education and hard work. I believe that the rural poor and the urban rich have more in common than they realise or admit. The main commonality is the need to see the back of the Shinawatras so the country can be super competitive in the region if not on the World stage.

IMO the core issues of the rural poor are based on their own inherent laziness, sense of entitlement (created by Shinawatra family) and their greed. They are now victims of the rice scandal having been denied a free-market in their most grown and precious commodity - rice. They have been conned by the promise of easy money/easy life by the Shinawatra's vote buying scheming.

Brokers are saying 200p for Petra, a nice 25% higher than today. Buy.

I haver been saying 4p here for the last 3 years. I am now officially updating my guess to 10p at the end of 2015, or sale of the company at 7p mid 2015. Probably completely wrong. Could be 30p lolol

Yes. Resource improvement reports should come in as the mining equipment goes into commission on site. Quite a mouthwatering prospect even it means a more drawn out series of upgrades. It would be super if the final upgrades come in as we start to generate mining income! NRRP will be very attractive either as a takeover, or continuing as a highly profitable business (for all of us we hope).