Member Info for saintpeter7

The SP is now just below the 100 day moving average of 2.26, being already above the 50 of 2.14.

The Bod must be very confident that they can work with the Philippine government.

BMV are only having to pay £25K to buy the balance of the Batangas Gold Project. What a great deal! Will the company who made the offer to BMV be taking a material interest in BMV to help fund future development costs? Pure speculation but IMHO could be very exciting prospect.

No idea what this will do for the SP, but the number of shares to be issued of 1.25m is very small compared with the total in issue of 185m. Will we get another RNS relating to the potential offer soon now?

Hi p00rman. SP does seem solid at present. News indeed should surely be coming soon as it it now about 7 weeks since the possible offer. I am becoming more hopeful the longer it takes as it surely means that the offer has not been rejected outright and they are working on a deal. If an offer is agreed, at this SP, we are surely due a big jump.

with a purchase at 0.55. If we can hold at this price, will be good for confirming a break out up from the downtrend.

BJ - the company would still have some cash left, but I suspect that an RTO will be arranged within the 6 months as they are already on the matter and there are the investors who bought the placing shares and the CUL notes to satisfy.

BJ - just read the RNS

It can't because the share will be suspended.

My experience of this situation is that the share is suspended before trading commences tomorrow. An RNS is to be expected to announce the suspension. There may then be a further RNS announcing the company's intentions and whether an RTO is being worked on, agreed in principle or otherwise.

Looking at the weekly chart, there is a potential for the SP to rise to the 0.90s within the parallel trend lines that started back in May, which fits in with the potential SP arising from a breakout from the descending wedge which started at the beginning of November. Well that is the theory! Hope it proves to be the case - time will tell!

Vienna - very encouraged by bounce off the 0.45 support level and the last purchases at 0.52 and then 0.525. If, which I know is a big if, the SP increases tomorrow and ends up at 0.55 or above, the indications are that the downtrend will have been broken, subject to a drop back the day after which may negate that. News of the RTO ought to arrive soon I would hope, which no doubt will make the SP jump and confirm the downtrend break. Let's hope so anyway.

Hi Riz - see that last recorded trade on ISDX today was a purchase at 1.2p. Look forward to the RNS tomorrow letting us know whether they have agreed an RTO in principal. Have experienced this scenario before with LIFE. With the CUL holders, who will be injecting £650K into the company, to be satisfied, I am confident that shareholders will profit in due course.

Or running out of shares?

Buy coming through? Bid and offer just raised to 50-55, but last trade on HL live 50 buy.

Selling some CUL holders shares in advance?

Decided to spend £500 at 1.087p. Although I expect the share to be suspended tomorrow, when the RTO is finalised I expect there will be sufficient value in the new asset to make some profit. IMHO worth a calculated gamble.

Mcap now c. £1.2m. Cash after money obtained from CUL holders c. £750k. Value of RTO?

I posted this a few days ago and may be worth considering. According to my calculations, the CULs holders will be paying 0.3p per share for their shares. This is based on this statement from the RNS of 1 November: "Upon conversion, the CULs Investors shall obtain new Ordinary Shares in the Company equivalent to 65.54% of the enlarged share capital of the Company, based on the current issued share capital of 113,918,497 ordinary 5p shares following the issue of the Robust Shares." IMHO in other words, the CULs investors will own 65.54% of the share capital after the issue of the shares to them arising on conversion. So the number of ordinary shares in issue will be 330,585,164 after the conversion, as they will own 216,666,667 (65.54%) and the current holders the 113,918,497 (34.46%). I arrive at the 0.3p conversion price by dividing the cost to them of £650,000 by the 216,666,667 shares they will receive. The shares are now 0.1p nominal value but otherwise IMHO this still holds good. Would this be why the offer price has not risen today?

Breaking the rule, but Auctus does look good value with the current mcap more or less equivalent to its cash! Thanks. Have to go now - maybe back tomorrow, time permitting. Good luck.