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and yet where's the massive sell off? where's the shorting? just for my naive benefit, the share was over 45p two years ago. now I'm not saying it will ever reach that again, but all of the reasons you list are why its dropped to 6.5p. question is, are they managing to tackle the high cost per ounce? if they are then 10p could be a real possibility, especially if gold rises due to eu implementing qe. As for the weather, one bad winter does not make a trend.

share price appears to have already priced in any expected total loss for 2014. Share price has gone from around 20 to 6.5 in 12 months. At 111M shares thats 13.5p x 111m = about 15 million pounds. What however will be key and what no one currently knows is what progress have they made regarding the current high cost of production. IMO This share could go either way in the near term, a factor supported by the very low volume of selling currently going on.

This share is trading at such low volumes that it is without a doubt off the radar. It has dripped lower over the months to a level which when compared to its balance sheet makes it a very tempting speculative buy.

IMO we are looking at 12 months with a price below $80. This will hang heavy on RPO in the medium term. I even see potential for another RI at some stage. Longer term either demand will pick up or supply will drop. Russia will drain its reservers but will survive and the SP will hit 40p in say 2 years time. The current 14p buyer obviously has their eye on the long term. Still a good investment, just worth being more prepared for the next RI. Ie if you own this share keep some in cash.

Another day another 4%. If it carries on at this rate we might even hit 30p by Christmas.

I'd phone them asap.

IMO the shares are worth at least 30p at this moment, so its a no brainer what you should do.

No news. Falling platinum prices. All looks like mm games to me. Recon we'll just come back down tomorrow. Fwiw I recon platinum prices won't properly recover until the EU gives up trying to fix Europe through austerity. In the meantime, the industry is going to have to continue closing pits and selling up to the Chinese for pennies on the pound.

definitely not helping. question is, how long will the Saudis keep p7ssing their grandchildrens inhertance away by selling so much at rock bottom prices?

Finally the cloud of funding is resolved. To no great big surprise it involves a dilution, but hey we can all get involved, if we too are prepared to stump up some cash. So why is the share heading south. Well because not everyone is able to put in further. At 10p IMO its a no brainer, that's why Alex and co were so happy to underwrite it. Everyone who buys in will be greatly lowering their average in a now well funded company. Everyone that doesn't will be in effect handing their bargain shares to the underwriters. Expect plenty more negative posts and short selling for the next few weeks.

Yes we have dilution, but we also have vastly reduced our liabilities meaning far less in interest rate payments eating into future profits. We were over geared before which left us in a precarious position as debt can wipe out shareholders completely. Now with secure funding and most importantly affordable funding a huge risk factor has been removed and as such the share price should quickly trace back to one that more accurately reflects the value of the companies main assets, namely the billions of barrels under the ground. If the next 3 wells do hit 1000 BPD I fully expect to hit £1. It may be an if, but they've done it on the last two wells, whose to say they can't do it again.

Good drilling results. Sound funding in place to cover development plans. We were 15p before both these things happened. Surely we should be 30p now.

IMO this is actually a very sensible and fair financial restructuring of the companies finances. Most importantly the company now has the money required to develop its fields into cash cows. My only regret is I didn't wait till now before buying in, but then again, hindsight is everything.

Maybe the exrta 1b shares be required to back future converable bonds.

At current SP I can't see much PI take up so it looks like we are all going to get diluted. That said, if it means the company can get down to monitizing the gas we should all feel the benefit in 12 months time.

Hence the low share price.

Means cheaper mine costs and more vehicles driving, both of which should be good for platinum mining companies.

Can't imagine a lot happens there in Winter. I'd imagine the rate of capex spend slows down. IMO any new funding won't start to be spent until spring.

PS. By good I mean low interest rate

IMO convertible bonds are on the way. With the resent good need RPO should be able to pitch these with quite a high conversion price and a relatively good coupon rate.