Member Info for SmallerThanLife

Agreed. It looks grim. Maybe my estimate of an 8p placing is too optimistic. Sad.

Issue of new shares to a strategic investor at around 8p coming next? I wouldn't be surprised.

It seems to be stabilising around 11p now. I'm adding.

Good to see some upward movement after a long period of inactivity. No announcements are due so perhaps there is some positive news behind the scenes?

Hopefully this will provide some positive news that will halt the recent SP slide.

Actually it's doing better than I thought now - 17-19p. Hopefully they've taken the opportunity to overprovide for losses and uncertainties and can slowly dripfeed us bits of good news over the coming months. But I've always been an optimist!

The accounts are now out but the suspension has not been lifted. Hopefully that will come soon. Any guesses as to where the SP opens? 10-12p is my first guess.

Accounts were to be published "this week" according to the last RNS. Thay only leaves tomorrow. Or have new issues emerged? Total shambles either way.

Fully agree. It's been a shambles. The SP had already fallen heavily before suspension. Let's hope there is not too much more of a drop to come. But I'm not optimistic.

I actually topped up my holding at 18p just before suspension as the tone of the RNS back then was very mild, as if it was just going to be a brief, technical suspension. I regret that now!

I just picked up another 8,000 shares at 56.9p. Hoping for some more news soon.

Too complicated for me! i will just wait and see what happens.

There should be more news and a timetable pretty soon i think.

524k shares just went through at 57.5p. Not clear to me why anyone would be selling below 60p.

I just added 2,600 at 57.99p. So should make £80 for sure within a few weeks and maybe £250 if the 7p goes through. Small money but better than what's been happening to the rest of my portfolio recently!

Ah! I hadn't joined the dots on this and I find the RNS a bit difficult to follow. The numbers certainly look right but do they explicitly state that the 7p relates to this separate SIPP's sale? If it does then I agree that any shares you can pick up for less than 60p are worth getting as the main transaction seems to be a done deal now.

60p is already a big step up from when the SP was languishing around 25p. I'm not at all clear about the additional 7p either, but let's treat that as a bonus.

52.2p to buy today (Friday).

I left a small 50p bid open all afternoon but no takers.

I think the market was basically 46p-53p.

I might try again tomorrow.

A small buy went through at 51.5p this morning. I'm tempted to buy at that price as a deal at 60p looks highly likely and there is still the chance of 67p.

Also it occurs to me that even if this deal falls through the company could very well put itself up for sale as they will have done all the due diligence rearding licensing, statutory regulations, pledged bank deposits etc.

I can't see it holding above 20p with so much uncertainty out there. There won't be much on offer for equity holders if Glencore or another big miner decides to take control and finance the project itself.

It looks as if you can buy at around 56p this morning but volume is very thin.