Member Info for StarBright

Anyone who hasn’t spotted there are determined sellers here is thick.

What’s on the website doesn’t matter. TR1 disclosures do.

Max - you’ve been saying constantly that the principal shareholders are supportive...

Bagpu55,

- An offer can be made at any price
- 50% + 1 share acceptances are required. 90% allows the squeeze-out of minorities

Other than that your post is 100% accurate.

Why post on a topic you clearly know nothing about?

It’s nonsense and can be disregarded safely. Like 99% of the comments on market makers you read on LSE.

3:25 “Two core silver projects, San Celso and Los Campos which I’m very exited about and working towards next stage work (drilling imminent).”

I thought these projects were in the process of being sold.

“ - IBK Capital have commenced marketing process for the Company's San Celso and Los Campos silver projects in Mexico”

Max, could you check/confirm please?

I’d be asking Steve777.

Yes. Once the warrant has been exercised the shares acquired are just the same as any other shares - you can hold them or sell them as you wish.

But a rational investor is unlikely to exercise an in-the-money warrant voluntarily without the intention to sell the resulting shares. Why? Because they already own all the upside from the exercise price without having to pay anything for it.

Rule of thumb therefore:
- If warrants exercised because of expiry, shares might be held or sold
- If warrants exercised ahead of expiry (because in-the-money) then it's sensible to assume the shares will be sold

£48 Max...? I think you have decimal point in the wrong place. 3.8m shares at 1.225p is £48k not £48.

However, the company has received nearly £11k for the warrants so shareholders are only a net £37k worse off. Split over the 3.2bn shares in issue that's not very much. If you own 1m shares (approx £12k) then the "dilution" has cost you £11.60.

So you are 100% right Max - the warrant exercise announced today is entirely immaterial. Shareholders should be completely tranquilo about it.

Rees - you are right too. If they've been exercised, they'll be sold. It won't matter though, the numbers involved are too small.

Some changes to the Testing page on the UK Coronavirus portal:

https://coronavirus.data.gov.uk/details/testing

“ Number of confirmed positive, negative or void COVID-19 test results, by test type. This is a count of test results and may include multiple tests for an individual person. Virus tests test for the presence of COVID-19 and include all pillar 1 and 2 tests and any virus tests undertaken in pillar 4. Lateral flow device tests are included within pillar 2. Antibody serology tests test for COVID-19 antibodies and include pillar 3 tests and any antibody serology tests undertaken in pillar 4. Testing capacity is a projection based on reports from labs on how many lab-based tests they have capacity to carry out each day based on availability of staff and resources.”

Yes - should be interesting.

I spent some time with one of the directors of Agnico Eagle recently. It's fair to say that Orosur wasn't particularly high up his list. The same may be true for Newmont, but let's hope for at least a mention..!

I agree this looks like classic “dirty tricks” ahead of the IPO.

Breaktwister - the market size obligation applies to telephone dealing only. Ask your broker to give them a call...

That’s a really interesting article.

I have saved a copy just in case it disappears.

Lol..!

Chin-chin, as several posters here (curious that!) like to say ;>

It’s a positive but not in itself enough to have any real impact on the share price. It’s not the game-changer you are holding it out to be.

We need new news. Good enough to attract lots of new investors and their capital. Only then will we get a rise that our resident sellers can clear their positions into. I am holding tight, but increasingly in hope rather than anticipation.

Any tracking product..?

Max - you refer very frequently to the inclusion of UFO in the MSCI Global Micro Cap Indexes. What do you think the impact will be for UFO, and why?

Possibly anticipation of AZ vaccine announcement?

Yes. Context is important. I took it just to be that the government were giving a “narrow” answer on the 1m purchased as that is where they are being attacked. I didn’t see it as a wholesale redefinition of the role of LFTs.

To be clear - they didn’t say that the test was never intended for home use, only that the 1m purchased weren’t intended for home use. An important distinction.

Maybe JAdam. If so the “pain trade” will be a move up leaving the hopeful dip-buyers stranded. So my take is to hold your position but have opportunity funds available in case a dip materialises.

Both vaccine announcements have prompted market makers to mark down diagnostics shares. Both times they've successfully shaken out a fair few holders. I reckon they'll have another crack. Maybe they'll really try hard this time!?

I have some cash ready to go. Half at -10%, the rest at -20%. That's my plan...

If ODX sp rises on the AZ announcement then that's fine with me too.