Member Info for StarBright

New (to AEXG) investor here, just saying hello. I have been buying in since early Jan. Thank you all for the help and information I've found here. My background is fund management not mining or geology, so I will be leaning in when the company releases survey results etc. In return I hope to contribute on topics where I have relevant professional expertise.

Well sometimes it is important to make your purchase before (for example) survey results are received...

But my view is that it’s not really possible to draw either positive or negative conclusions from the timing of a directors buy. A buy neither precludes or signals good news. It should just be seen as a voluntary expression of commitment in the potential of the company.

Sssssssssshhhhhhh............

Director buy at 1.25p is good news for investors here. You only have to read these boards to understand that private investors in these companies welcome directors with "skin in the game" beyond share options. I expect it to be well received as a result.

It's a PR exercise for sure - because there would have been ways for him to have been gifted the same exposure through options etc - but that's ok because the sum involved isn't trivial. I think it is well judged, and I hope he does very well from it.

A (rare) stamp of approval from me...

This is interesting.

Bill Gates proposes the idea of building global pandemic preparedness through “Mega Testing Diagnostic Platforms”

https://youtu.be/OJtblo12UxI

*Can I make a plea for no responses involving 5g, lizards, illuminati and other facebook-style tin foil hattery? Whatever your views on Gates this is a topic he’s been interested in for years, and has invested billions including in Mologic.

Rodgetrades that’s just wishful thinking. VWAP for today and yesterday is about 1.2p. So 1.54p is a great sell and a shocking buy.

For worked orders the idea that you can compare the time stamped price with the extant spread is mistaken.

If they are buys, someone has a very red face having almost hit the top tick.

In all likelihood those two transactions are sales into the spike.

Max - why do you say that the 5m trade at 1.54p was “definitely” a buy?

Stitch up? Come on - it’s just the idiosyncratic way that SETSqx works. For it to be a “stitch up”someone has to have lost out. They haven’t.

Avacta also meaningfully positive today,

Perhaps there’s been a leak...

Good post.

I wasn’t aiming any criticism at your post in this thread GS, which is clearly well constructed.

Just passing an observation that tax is frequently forgotten by posters applying P/E multiples based on listed peers / sector comparison.

I am very keen on the idea that ODX pays a substantial amount in corporation tax, based on substantial profits!

Agreed re gross and net margins. The other factor that is frequently overlooked in these back-of-envelope valuations is tax. Earnings are always reported after tax. P/E multiples should only be applied to post-tax earnings, if comparisons with quoted peer companies are being made. Tax can have a material impact on valuations!

Let me try to add a little to MB’s excellent post, and address Chuggley’s question on whether there is a limit to this type of share issuance.

It is usual for directors to have the authority to issue and allot a limited quantity of new shares, typically to back employee share option schemes as MB has explained. This authority is approved annually by shareholders at the AGM. In ODX’s case the relevant resolution stated:

“ORDINARY RESOLUTION
1. That in accordance with section 551 of the Companies Act 2006 the Directors be generally and unconditionally authorised to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company (“Rights”) up to an aggregate nominal amount of £1,988,210.53 provided that this authority shall, unless renewed, varied or revoked by the Company, expire on the conclusion of the next annual general meeting of the Company...”

So the company is acting within the constraints of the authority given to its directors at the AGM.

napthman1 - that you continue to believe that Halifax’s dealing platform offers insight into tomorrow’s market open frankly beggars belief...

I don’t enjoy being the one to pour cold water on discussion, but the level of misinformation and misunderstanding prevalent on this board at times is eye-opening. The “prices” you see linked here have no bearing on where UFO will open tomorrow morning. To say that Alien Metals has a US listing in order to enable US investors to trade it’s shares after the LSE has closed is to mischaracterise. I am sure this a result of wistful thinking only, and not mischievous in any way. But the “price” shown - together with it’s associated +21.95% - is no more real or relevant than yesterday evenings chimera of a “silver futures contract” that was freely misinterpreted and misrepresented as indicating that silver would open +21.57%. Which of course it didn’t.

Please don’t expect UFO to open up +21.95% (or +16.35%) as a result of what you can see at that link.

Stephostocks will do anything for some peanut butter.

0752neil - the answer to your question is to place a limit order at the price you're looking for.

HTH.

Because we don't actually have any silver yet. Just the possibility that we'll have a lot at some point in the future.

Thank you for giving us the nod PoppysDad.

We have all been waiting on your signal.