Member Info for steveknowsnothin

Looks like MM's have a bit more stock availability than the end of last week, but hopefully that gets picked up over afternoon.

No big raft of sells, which is the important thing. Diverse holder base that seems to believe in the reasons for the placing seems to be what it is telling me.

Well we are trading on sod all volume and very few sells today, so we are back in to anything can happen in the afternoon territory!

The only case I can find of it happening was a breach of rules,

1020.3 - 1400 - 1400.4 - 1400.5 - 5000 - 1060

https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf

@MKumar from my understanding they can't be sold on order book until they have entered the register on the 30th. I would be highly surprised if any of them sold in the near term.

The order book being flooded with millions more shares would have been a bloody nightmare.

More institutional investors is only a good thing, as they generally have a much longer world view and stickier hands.

Indeed, as mentioned earlier, if PI's were included, the price would have gone to under 1!

It will be a better day, today, don't think you are going to have to wait until tomorrow looking at L2. But all speculation, so will hold reservation until 4:30 to be proven wrong.

Sorry if it was coming across like that, not my intention.

@PaulQ

"The proceeds of this Placing will be utilised to fast-track activities in all our projects and allow us to really advance them all with larger exploration budgets. With the continued strength of silver, iron ore and gold prices, we are excited that with these additional funds we can really fast-track on our projects.

" I don't like being led down a garden path and told at the end of it there is a skip."

Not going to deny that I was a bit ****ed, but the reality is that you have a company now that wants to take an opportunity and understand market forces. You want to see that as a terrible thing moving forward, be my guest.

TR1 on the 30th when the shares hit AIM would be nice.

The price was put out to institutions when the price here was near it's lowest. Yes slightly lower than what we could have got, but imagine the opposite scenario, all of those shares flooding onto the market, what would the price have done then?

Reality check is they probably wanted the extra money to take advantage of the PM bull run sooner rather than later, as investors you should be happy at the news, as means you stand a better chance of getting a faster return.

Turner pope selling 13m shares, would have the same effect as some of the people on this board selling the same amount.

God this board drives me nuts sometimes.

Indeed, you own part of that money from the placing, it's not a them and us scenario.

@casvijna can't even be bothered to argue with you, can you please go and loose all your money on RMS and get disenfranchised with investing sooner rather than later.

Only one MM holding 1.5 and then only one after that holding 1.55. Doors to manual.

@casavajina your last advice was - "put your sells in for first thing on Monday morning"

That would have been a quick route to a nearly 20% loss.

"944, I'm not suprise it was oversubscribed, it is such excellent value at 1.1p. The price action tells you this."

Indeed, would you like to buy shares in a company at a massive discount to what they are selling at now? LOL, literally a mad man to not take that offer.

Yeah, two stragglers on the Bid who set their prices before open. Just need them to wake up and have their coffee.

On L2, the MM's that have changed their bid since open are at 1.7. Would expect to see it in the price sooner rather than later.

Indeed, am a little angry that Bill implied that they were full funded until 2021 and that Institutions got a crack at these shares at a lower buy in price.

However, I can understand that Bill wants to expedite the exploration and take advantage of the PM bull run, so not going to get my knickers in a twist.

All in all, as I said last week, good news, as means the company is even more stable. The money isn't being used to finance crap debt like some other companies placings, it is being used to bring in more potential revenue.