Member Info for saintpeter7

I notice the mms reduced the SP this morning to generate some trades. Unfortunately, I have no more available funds at present; otherwise I would have topped up even more.

FK - so right. IMHO great SP to buy in or top-up now. Mcap c. £1.36m compared with £1.16m raised on listing. The value of the listing is more than the difference! Some raised money will of course have been spent, but not to make any real difference to this. Patience will reward you on MILA.

Chill Vienna - good to be researching, but anything is possible. So no point in having sleepless nights. The RTO will arrive and we will all have broad smiles as we see the value of our investment rocket. Relax.

Totally agree FK. Patience is the key as ever. We know what can happen with the SP once the first investment is announced and there will be no way to buy in at this level once that occurs and may be never again.

No sign of my purchase at 15.23 today on either HL, which I use, nor LSE. Details of some trades are delayed - surprised that this, which was just for £1,834, has been. Just wonder how many shares the mms hold?

We get ever closer to the RTO of The Diabetic Boot Company into LIFE. Deadline of 5 April for it to be completed. I understand that £2m of convertible loan notes have been issued. How much further fund-raising is to be done I don't know and we shall have to wait and see. The initial indications are that with the loan note issue and the change in DBC's last accounting date to 31 December 2016, we should be on track for completion in time to preserve the AIM listing, which IMHO DBC needs. So hopefully an announcement will be made before the end of February or in early March, just two to three weeks away. Come on JM - we are waiting patiently.

Fortitude - well said. Nothing really to add - sums this up.

Added another £1,840 at 0.404 this afternoon - not yet showing. With the strong chart support at 0.38 seems a good time to add. One day the RNS will arrive announcing the RTO. It will then be too late to add at this price. Yes, there is always a possibility that the SP will fall, but we do have two strong support levels, the one at 0.385 and the other at 0.34, which IMHO reduces the risk.

Mytrah Energy has signed a development pact covering 1GW of wind power and the same again of solar in the Indian state of Andhra Pradesh. London-listed Mytrah and local officials signed a memorandum of understanding (MoU) covering potential developments worth 130bn rupees ($1.93bn) at an investment summit held in the state. Mytrah wants to complete the projects within three years of securing consents, it said. The projects will be sited across eight districts "of which five will be evaluated for wind power opportunities for the very first time", said a statement. The MoU marks another big ramp-up in ambitions for Mytrah, which is already one of the most active independent power producers operating in the fast-growing Indian renewables market. The company hit the 1GW of operating wind milestone late in 2016 and is also building a significant solar portfolio. The Andhra Pradesh deal would make Mytrah the biggest IPP in the state, the company said. A unit of GE Energy Financial Services last August became an investor in a 200MW Mytrah project in Andhra Pradesh, which has a state-wide renewables target of 18GW by 2021/22. Courtesy of MediaQuest Corp.

In the RNS of 19 December, the Chairman said in early 2017. Unfortunately I do not know any more. The 2015 results were announced on 3 March 2016; so I expect them before the end of this month.

If everyone filters him, he'll have no-one to moan at. He can talk to himself. Can then enjoy the rise when it comes! And unfilter him afterwards to see what he then has to say. Haha.

I filtered S....y a while ago. Can't be bothered with his comments. Anyway, good to see the SP has bounced off support at 0.38 for a fourth time, which is very reassuring at minimising the downside risk. As Volcanic's SP has doubled in such a short space of time, it may well now slow as investors wait for further news. As you know, mining development can take some time. But a great start.

Looking forward to the results - hopefully not long to go.

Hi francobrett - good to have a new poster on board - welcome. Whatever happens to the SP tomorrow, IMHO as Investment Lady said recently, IDP should be a good medium to long term bet. Short-term, we shall see. We have already been pre-warned that profit will be affected by the costs of setting up production in the UK. What is important in my view is what is said about Skinny Tan's future non-exclusivity and expansion in the US and European markets.

I agree that it is interesting that warrants were issued to those who provided the C$5m for shares in Volcanic at double the placing price, the former being exercisable at 80 cts and the latter being at 40cts. With the SP at 61cts today, those who took part in the placing have already made 50% in a very short space of time. I note that it was a non-brokered placing, which seems to me to be better than brokered as I believe it indicates that the new shareholders are in for the long term. When the warrants are exercised, it will give Volcanic another C$10m, which will give them a total of C$15m, approximately £9.2m (at the current exchange rate), to fund the work on the Mandiana project, a decent sum. Vienna, were you thinking as to whether any of those funds would be used to have an interest in whatever is reversed into SMA, or have I misunderstood? As I pointed out on Monday, the value of SMA's holding in Volcanic has already doubled to just under £1m; so yes, very exciting and something not to lose sight of when considering investing in SMA. The Bod have said that they will hold on to the Volcanic shares whilst in the best interests of shareholders to do so and I expect them to retain them for some time to come. We just need the RTO now.

Hopefully the support line at 0.385 will continue to hold. If it does, it will be the fourth time the SP has bounced off it. IF it fails to hold, but then there is further strong support at 0.34; here's hoping that will not have to be tested. You know the upside; SP jumped to 0.535 simply due to the announcement of the completion of the Mandiana deal. The 64 million dollar question is how far along the route to the RTO are they. How much work had already been done on that, whilst they have been waiting for the completion of the Mandiana farm-out? Back in November, the Bod said that the Company had entered into an exclusivity agreement to acquire new assets in the mining industry, and was carrying out detailed due diligence on these. So hopefully, we shall not have long to wait. As always time will tell. As ever, please DYOR.

You know I like this share as IMHO the potential gain from the RTO which hopefully will eventually occur far outweighs the downside risk now, and so have taken advantage of today's drop and have just bought some more at 0.39 and 0.3865. Just a matter of patience for this to come good IMHO. The Bod have the experience to find a good prospect.

What's amazing is that the value of SMA's shareholding in Volcanic Gold Mines is now worth more than double what it was when the initial agreement for sale of its interest in Mandiana was made. It now has a value of £920,760. This is based on SMA holding 2,502,489 shares currently quoted at C$0.60 and with an exchange rate of 61.3p per C$. Arguably this deal may prove more valuable to SMA than if it had found a strategic partner as it had originally attempted. With the current mcap at c. £3.53M and its holding in Volcanic worth £0.92m, that leaves a residual value of £2.61m. At 30 June 2016, SMA had cash less current trade liabilities of £425K. Obviously we don't know how much of that is left, but let's say £380K as they spent £45K in the previous 6 months. Deduct that from the residual value of £2.61m and you have £2.23m left. It is said that an AIM listing is worth at least £500K, so that leaves as the 'hope value' some £1.73m, which IMHO is not a lot in these times.

See we ended the day at 0.38 to 0.42. Last shown trade at 0.42 buy, last trades which appear to be sales at 0.40 so at 0.38, mms bringing the bid down again. Those trades appear to be by the same person as all for the same value, a total of just under 3m shares. Strange goings on today. Almost thought that those trades might be buys at an agreed price, but who knows other than the trader and the mm!

Have just taken the opportunity to buy another £2k (almost). Seemed to good an opportunity to miss.