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I see that the price was agreed in 2014 at 14p/share. A lot has happened since 2014 to the shareprice and also commodity prices and also to Blackham Resources itself. Has anyone who follows Polo done any analysis of this latest transaction in view of these significant changes? Or do all these changes cancel each other out?

I cannot see that brexit means anything negative to Equiniti. The long list of financial and computer systems activities they are involved in will continue and grow with the economy. I have loaded up with more EQN yesterday and today.

Welsh, can you please show us the calculations you made to arrive at your humble view that there seems to be a lot of upside here?

http://www.bbc.co.uk/news/uk-northern-ireland-36316854 It went through.

FAM is now valued around £20m which in my opinion is very high for a mining project at FAM’s stage (i.e. not yet mining anything and with uncertified resources). I exclude the mothballed Finnish and Austrian projects and only consider Greenland of any value. The resource estimation from SRK Exploration “expected towards the end of 2016” needs to be substantial for the £20m value to be justified. I don’t want the share price to enter over-hyped territory.

The subscription right is only an option to buy a currently non-existing share so I don't believe it gives any rights apart from that right to purchase. In fact, even the option doesn't exist today as it is subject to EGM aproval. So now we are being given an option to accept a free option (to buy shares for 10p). But I can't read anywhere that we as existing shareholders will be given the opportunity to sell the option on any exchange. They would be worth around 6p at the current shareprice.

Normally after restructuring of a train wreck as this is, and practically wiping out existing shareholders in the process a reasonable sort of phoenix can be seen somewhere in the ashes. I don't see any here I’m afraid. Having read the placing prospectus (I wish the last 2 years' RNSs had been as honest) it is obvious to me that the risk/reward was not considered good enough for new investors to take part in a placing for ALL the funds required, even at such a discount, that’s why against normal AIM odds “the importance of pre-emption rights to Shareholders” all of a sudden cannot be stressed too much to. Flattered? No. Suspicious? Yes. I cannot even see anywhere that the subscription rights will be quoted and tradeable (i.e. sellable), such quoting is simple and common to arrange. No, Stanley Gibbons plc will be dangerous work in progress for a long time to come in my opinion, the prospectus sends out warning signals from every page. The placing money they are hoping to get has according to the prospectus already been allocated to the most urgent firefighting tasks ahead whereas the fundamental problems are left as blanks. Except for one fundamental problem which will indeed be tackled - on p.11: “The longer term requirements and roles within the Board and executive management team will be reviewed as part of Evolution’s ongoing 90 day review of strategy.” Unfortunately that is not enough for me. I will lick my wounds inflicted by this disastrous mis-management instead of throwing good money after bad.

"Worst of Commodity Rout Over as Volatility Eases, ANZ Says" http://www.bloomberg.com/news/articles/2016-03-11/worst-of-commodity-rout-seen-over-as-volatility-eases-anz-says Perhaps enough mines have been shut around the world to make it possible to break even on ilmenite again? If so, FAM certainly timed this very well!

This company impresses me more and more. These are no city cronies sharing out the company for a song to the insiders. A CASH placing at market price must be a world’s first for AIM!! The the market of course likes it. UP 10% from yesterday now!

Help the share price? With the info we have today the share is in my opinion fully priced and doesn't need any help. Mkt.cap. at 2p 296m shares is currently near £6m and after the share issue we all are waiting for £8.6m. Without any resource data I cannot see why the total value should be any higher. Listing on even 10 stock exchanges would not increase the company’s value. Additional listings are not cheap. My initial reaction is that this dual listing is disappointing. It shows that the management is focusing on the share price when they should be focusing 100% on mining.

Today's important points (in my view): 1) GEUS are completing the initial metallurgical test work designed to produce a representative concentrate for Pituffik. Updates on this aspect will be forthcoming in the next few months. 2) SRK Exploration Services Limited will provide a Competent Person for the mineral resource estimation. 3) FAM are focussed on the timelines to production and will shortly define these once the critical path is scheduled. They are seriously focussed as as always!

Here is a very interesting TiO2 mining project in Engebo in Norway about mining rutile instead of ilmenite, owned by Nordic Mining ASA, Norway, a quoted company with shareprices etc. here: http://www.netfonds.no/quotes/ppaper.php?paper=NOM.OAX click the English flag. Current market cap is around £20m, like FAM they also have other resource and projects but don’t produce anything yet. http://www.nordicmining.com/getfile.php/Bilder/Operations/Engeb%C3%B8/Engeb%C3%B8%20Engelsk/Presentasjoner/Engeb%C3%B8%20project%20presentation.pdf A bit dated perhaps, from 2013, with a somewhat unrealistic market prices and assumptions. E.g. they say “shortage in worldwide rutile supply” when in fact rutile mining is shutting down worldwide due to low TiO2 prices. On page 5 of the report Nordic Mining places Engebo resources on top of all resources in the world in terms of grade with 3.77% TiO2 average grade. I wonder where FAM’s resources will be. JORC inferred resources say equivalent to 6 mill. ton pure Tio2 and with 100,000 ton / annum TiO2 mining the prod. Life estimate is 60 years. Engebo’s capex to start the mining (deep mining) was estimated to USD 300 mill in 2013, a . This is where FAM has an advantage. No mine, crushing, dry and wet processing, only build infrastructure, some scoop up and ship. Engebo is only 1.5 days shipping away from main buyers in UK, Belgium and Netherlands whereas FAM’s beach in Thule is 8 days sailing from the same buyers. Here is their webpage for rutil http://www.nordicmining.com/engebo-rutile/category317.html With their capex for deep mining, milling and separation on site I think they will struggle in spite of closeness to market and high grade TiO2. I look forward to the publication of the comparable data for Pituffik.

http://www.geus.dk/DK/publications/geol-survey-dk-gl-map/Documents/nr2.pdf

When will the biggest shareholders - call an EGM, - kick out the board and - replace management ?

FAM's majority shareholder Western Areas has great mining experience, and with top knowledgeable people allocated to FAM they knows exactly what they are doing i Greenland. Their uncompromising focus on seeking early positive cashflow make these titanium-rich beaches on and offshore extremely attractive. Their optimism shines through in spite of them being cautious in their communications. FAM itself seems (so far) to have avoided the usual hysterical AIM share tradings. And I prefer it that way as it serves no purpose and we can enjoy the project progress in peace.

with OUR orders, it should be.

Shareprice increases 37% in 4 - 5 small trades and MMs just panic with their bids and offers and the little trading there is stalls completely. What is the b.... point with this outdated dinosaur practice with MMs (apart from their self-perpetuating greed)? They can stay if they want of course, but please let us all be able to COMPETE with them by giving us direct access to the electronic market with out orders. Simple.

He says: “the only transaction that has actually occurred at this point in time is the £200,000 raising that is at 2p” That is not strictly true as they said last week: “The Placing [i.e. the 2p placing] is conditional on, inter alia, the Bluejay Acquisition”, and that is to be approved on Christmas Eve.

Will they just ship the ilmenite-rich sand away for sale or refining in existing ore processing plants elsewhere in the world? Surely it will be too expensive (and take too long) to build any refining processes in Greenland? Does anybody know?

And for how long has Stanley Gibbons been doing this business....? Since 1856, isn't that what they are boasting? These moron-directors are behaving, performing and communicationg as if they are lightweights running a new startup!