Member Info for sharesaplenty

Not against a share buyback, in fact it has advantages over a potential dividend in terms of returning valve back to us shareholders. One word of caution is how a buyback is implemented. In this scenario I'd like to see the purchased shares being cancelled (lowering the available shares in issue) versus the shares being held in treasury.

Thanks Lolmcshizz for digging out this data. Whether its 13% increase in production or 13% additional sales from existing production I don't think particularly matters. What matters is this figure is a reasonably good escalation of cobalt demand at Glen. All encouraging for the future here.

Oh I see the likely Tesla demand created equates to 6000tonnes/annum. So just need to know what the existing Glen cobalt production is to answer my question.....

That sounds like great news, any idea on what additional material demand it will put on Glen's cobalt production? Is it a 50%, 25%, 5%, 0.5%, etc... on what Glen is already extracting and supplying? I hope the Tesla news is more than just a publicity stunt and it does reflect a significant volume take of Glen's cobalt.

Only for Cheapshareboy to answer that question Albert. The only conclusion we can make is he is looking to benefit from a decrease in Plus500 shareprice. Good luck to him, but it flies in the face of the significant business growth has made through this year.

Albert82, I'd have thought Cheapsharesboy posting is obviously. He's here to deramp the share price since he's probably shorting it. No doubt he's pleased with todays shift but over the coming weeks shorters are going to get hurt if they continue to hold their positions in Plus500

Agreed Taverham, this RNS affirms what great improvement Plus500 is having in 2020. This nonsensical drop in SP is a perfect time to top up if anyone is looking in on the sidelines.

I hadn't appreciated this detail Lunchboxbill, these purchases by directors as detailed in this RNS at the placing price (0.25p) is a conflict of interest in my opinion. Far enough if they were purchased on the open market before the placing occurred but they weren't. In fact this is quite dishonest.

Yes serious coin, but surely they'll be reimbursed via salary payments which can now occur via the money raised by the placing anyway? Seems to be a circular economic input to allow migration of shares into the hands of directors.

£2 a share for TRX? LOL!!!!
If anyone wishes to buy my TRX holding for £2 share please private message me. If you're quick I reluctantly might give you a 'placing type' discount on the £2 ask of 76% to 48p.

25p a share works for me too. Anyone wishes to buy my TRX shares off me for 25p a go please let me know ;-)

Put the question another way sw10000, why has the Saga SP been languishing at these low levels for so long?

I think you're right Amxdd. Love it or loathe it Motley Fool has a wider readership than all the positive comments posted on this bulletin board of BMN. The only thing that this company is missing is wider appreciation and an audience into the broader investor community. Onwards and upwards from here!

That'll be great, but I'll be still underwater as I'm sure many other LTHs here will be also. Anyway, a step in the right direction. This company is still undervalued even at 40p.

All these buys going in a sign of confidence in my opinion for the health of TRX going forward. Finance is place now to step us up to a >£100m MCap company. Dilution comes at price with placing but so would have private finance through a bank loan or similar. Now lets have the BoD give us all the growth, sales and profit the great tech and great products this market is craving. Stay strong and long on your TRX shares folk

Yes you might think, but not a problem for a director until a regulator waves direct evidence at you to this effect ;-)

When I ponder these questions I'm mindful of Warren Buffets advice which recommends the best period for holding shares for a company you believe in is forever.
If you are convinced of longer term growth for TRX I'd suggest just sit tight with your existing holding. If not sell now and leave alone.

The cynic in me would say the director money being shelled out here will be recovered in pay awards and salary pay they can now make from TRX with the cash raise from the placing. All part of the circular economy I suppose.

Boards of the UK, simple create and manufacturing more product. TRX have previously stated they can't meet market demand with their existing manufacturing capacity. The sales revenue will see each of these billion shares be north of 10p a pop if you are a patient investor. If you want to extract value by short term flipping why not try Plus500?

typo "the only people going to hurt".
I careless for the wealth preservation of traders who have no interest in the TRX story, hopefully you got my gist